Here’s a comprehensive breakdown of the Samay Project Services Limited IPO:
Samay Project Services Limited IPO Timeline
| Open Date | Mon, Jun 16, 2025 |
| Close Date | Wed, Jun 18, 2025 |
| Tentative Allotment | Thu, Jun 19, 2025 |
| Initiation of Refunds | Fri, Jun 20, 2025 |
| Credit of Shares to Demat | Fri, Jun 20, 2025 |
| Tentative Listing Date | Mon, Jun 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 18, 2025 |
Samay Project Services Limited IPO Details
| IPO Date | June 16, 2025 to June 18, 2025 |
| Listing Date | Jun 23, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹32 to ₹34 per share |
| Lot Size | 4,000 Shares |
| Total Issue Size | 43,20,000 shares (aggregating up to ₹14.69 Cr) |
| Fresh Issue | 43,20,000 shares (aggregating up to ₹14.69 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,10,29,320 shares |
| Share Holding Post Issue | 1,53,49,320 shares |
| Market Maker Portion | 2,28,000 shares |
Promoters of Samay Project Services Limited
Here are the details on the promoters of Samay Project Services Limited, as outlined in official filings:
1. Mr. Anand Rajagopal
Role
- Co-founder and key promoter-director—has been with the company since March 2008
Experience & Contributions
- Oversees core EPC business activities, including engineering, project execution, and business expansion. He holds a Director Identification Number (DIN) 01039615.
Background
- Instrumental in expanding the company’s footprint across industrial sectors like oil & gas, power plants, and specialized fire protection installations.
2. Ms. Santhi Karthikeyan
Role
- Co-promoter and director—appointed in March 2008 alongside Mr. Rajagopal.
Experience & Contributions
- Manages corporate affairs and operational strategy, ensuring robust governance and execution standards. DIN 01162199.
Background
- Provides leadership in administrative oversight, finance, and compliance—critical for maintaining transparency and driving strategic growth.
Samay Project Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4000 | ₹1,36,000 |
| Retail (Maximum) | 1 | 4000 | ₹1,36,000 |
| HNI (Minimum) | 2 | 8,000 | ₹2,72,000 |
Notes:
- Lot Size: 4,000 shares per application—this is the standard chunk for subscribing in SME IPOs.
- Price Band: ₹32 to ₹34—your application must be within this range.
- Minimum & Maximum Investment: Because only one lot is allowed for retail investors in SME IPOs, both min and max investments are ₹1.36 lakh.
- Application Limits: SME IPO rule allows application for only a single lot per investor; additional bids fall under NII category and are not eligible for retail benefits.
Samay Project Services Limited IPO Promoter Holding
| Share Holding Pre Issue | 96.29% |
| Share Holding Post Issue | 69.19% |
About Samay Project Services Limited
| Feature | Highlight |
|---|---|
| Founded | 2001, Chennai |
| Key EPC Services | Piping, Tanks (API 650), Fire Systems, Pipelines, Bio-CNG, Automation |
| Major Certifications | ISO 9001:2015 |
| Projects Executed | 100+ total, 10–15 ongoing concurrently |
| Engineering Team | 30 engineers + 200–300 field staff |
| Global Presence | Operations in India, Gabon, Mauritania |
| Financial Stance | Steady growth, ₹11 Cr paid-up capital, ₹13 Cr secured loans |
Core Services & Capabilities
Samay specializes in turnkey EPC (Engineering, Procurement, and Construction) across several industrial applications:
- Fire Detection & Protection Systems: Includes fire hydrants, sprinklers, high-velocity spray systems
- Piping & Appurtenances: Extensive fabrication, erection, commissioning; handles materials like carbon steel, stainless steel, IBR-grade alloy – pipe sizes range from 15 NB to 1800 NB
- Storage Tanks: Designs and fabricates per API 650 and IS 803 standards, capacities from 60 m³ to 5,000 m³, with comprehensive hydrotesting and automation capabilities
- System Automation & Instrumentation
- EPC of Bio‑CNG Plants: Inclusive of feedstock selection and system integration
Technical Competence & Standards
- Engineering tools: 3D modeling software (Bentley, Isogen, Canute/Pipenet) for hydraulic and structural accuracy
- Certifications: ISO 9001:2015 for quality management in piping, tank fabrication, and fire systems
- Testing protocols: Includes radiographic testing, vacuum testing, hydrotesting across projects such as fuel handling and process tanks
Product Portfolio
| Category | Description |
|---|---|
| Fire Detection & Protection Systems | Full EPC solutions for fire hydrant systems, high/medium velocity spray, sprinklers, foam systems, rim-seal detection, and suppression / extinguishing systems. |
| Piping & Appurtenances | Design, engineering, fabrication, erection, and commissioning of low-pressure, IBR piping, including carbon steel, stainless, alloy, ductile iron, HDPE, PVC, in sizes 15 NB–1800 NB. |
| Storage Tanks (API 650 & IS 803) | Tanks ranging 60 – 5,000 m³; materials include mild, carbon, stainless steel. Includes welding, hydro/vacuum testing, linings (epoxy, rubber), agitators, civil foundations, SCADA-level automation. |
| Cross-Country Pipelines | EPC services for water and hydrocarbon pipelines, with projects in India and internationally (e.g., ports in Gabon, Mauritania). |
| STP/ETP/Desalination Projects | Sewage and effluent treatment plants and desalination setups built on EPC basis, often integrated with piping works. |
| System Automation & Instrumentation | Integration of SCADA systems, level transmitters, automated valves, along with electro-mechanical and instrumentation EPC integration. |
| Bio‑CNG Plant EPC | Turnkey design and construction of bio‑CNG plants, including feedstock sourcing and complete system integration. |
Additional Technical Capabilities
- Engineering Excellence: Use of Bentley 3D modeling, Isogen for isometrics, Canute/Pipenet for hydraulic/fire systems design.
- Pairing Fabrication with Quality: RT for welds, hydro/vacuum testing, linings, agitator installation, and instrumentation for precise compliance.
- Quality Certification & Safety: ISO 9001:2015 certified. Emphasizes documentation and non-conformance control via cloud tools.
Project Footprint & Execution
- Diverse portfolio: 100–140+ projects across sectors — power plants, ports, oil & gas, industrial complexes, pharma, etc.
- Ongoing project load: Typically 10–15 live projects at any time.
- Global reach: Companion projects in West Africa and the Middle East.
- Manpower strength: ~25–30 engineers + 200–300 field staff for scalable deployment.
Summary
Samay Project Services Limited offers a robust and technically backed turnkey EPC portfolio, centered around:
- Fire safety infrastructure
- Large-scale piping systems
- Storage tanks and farms
- Cross-border pipeline projects
- Specialized water treatment systems
- Bio‑CNG renewable energy plants
- Precision automation & instrumentation
All supported by strong quality control, advanced engineering tools, and on-site execution capabilities across sectors and geographies.
Samay Project Services Limited Financial Information
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹31.77 Crore | ₹24.83 Crore | ₹21.28 Crore |
| Revenue | ₹37.72 Crore | ₹40.95 Crore | ₹20.82 Crore |
| Profit After Tax | ₹4.19 Crore | ₹4.62 Crore | ₹3.44 Crore |
| Net Worth | ₹20.23 Crore | ₹16.03 Crore | ₹11.42 Crore |
| Reserves and Surplus | ₹9.20 Crore | ₹5.00 Crore | ₹11.11 Crore |
| Total Borrowing | ₹2.09 Crore | ₹-0.64 Crore | ₹1.18 Crore |
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 23.13% |
| ROCE | 24.56% |
| Debt/Equity | 0.10 |
| RoNW | 20.73 |
| PAT Margin | 11.29 |
| Price to Book Value | 2.34 |
Objects of the Issue (Samay Project Services Limited IPO)
Here are the stated Objects of the Issue (i.e., the objectives and use of proceeds) for the Samay Project Services Limited SME IPO, as per the company’s Draft Red Herring Prospectus:
To fund working capital requirements
- The company intends to use a portion of the IPO proceeds to support its day‑to‑day operational needs—such as project execution, procurement, and other ongoing costs.
For general corporate purposes
- Additional funds will be used for miscellaneous corporate needs, which may include administrative expenses, strategic initiatives, and expenditures not specifically categorized under working capital.
Strengths of Samay Project Services Limited IPO
Strong Industry Experience and Proven Track Record
- Samay Project Services has over 20 years of experience in executing EPC projects including fire protection systems, piping solutions, automation, and BioCNG plant setups.
Experienced and Visionary Promoters
- Led by Mr. Anand R and Ms. Santhi Karthikeyan, the promoters bring deep domain expertise and long-term strategic vision.
Diversified Service Portfolio in Niche Segments
- The company operates in critical infrastructure sectors, offering services in fire protection, industrial automation, pipeline fabrication, and renewable energy (BioCNG).
Robust Operational Efficiency
- Utilizes a structured project execution model—from surveying and cost estimation to timely completion—enhancing project delivery, quality control, and cost optimization.
Growing Revenue and Profitability
- As per FY2024 data, Samay Projects recorded revenues of ₹37 crore and a profit after tax (PAT) of ₹4 crore, reflecting consistent financial growth.
Risks of Samay Project Services Limited IPO
SME IPO Market Risk and Liquidity Constraints
- Being an SME IPO, the stock may face low post-listing liquidity and higher price volatility, making it riskier for retail investors.
Limited Scale and Revenue Base
- With a relatively small turnover, the company’s ability to scale rapidly and secure larger contracts could be constrained.
Sectoral Concentration Risk
- Samay Project Services is heavily focused on EPC services. A downturn in infrastructure spending or regulatory shifts could impact the company significantly.
Dependency on Promoters and Key Management
- The business is promoter-driven. Any unforeseen exit, change, or unavailability of key personnel could affect operations.
Compliance and Disclosure Limitations
- SME IPOs have relaxed regulatory norms compared to mainboard IPOs, which can lead to limited public disclosures and lower investor protection.
Risk in Project Execution and Delays
- As an EPC contractor, the company is exposed to execution delays, cost overruns, or payment delays from clients, all of which can negatively affect margins and cash flows.
Summary Table
| Aspect | Strengths | Risks |
|---|---|---|
| Track Record | 20+ years in niche EPC, 120+ projects, 10–15 ongoing | Small scale; heavy reliance on new contracts |
| Business Model | Asset-oriented, disciplined execution, modern fleet | Vulnerable to project delays or cost overruns |
| Management & Governance | Experienced promoters, structured organization | SME-level disclosures are weaker than mainboard peers |
| SME IPO Dynamics | Potential for listing gains, cost-efficient entry | Low liquidity — selling can be tough; allotment unpredictable |
| Financial Performance | Profitable with ₹37 Cr revenue and ₹4 Cr PAT | Limited size; capacity to scale depends on efficient deployment of funds |
Samay Project Services Limited IPO Contact Details
Here are the verified contact details for Samay Project Services Limited (also known as Samay Projects), gathered from multiple authoritative sources:
📍 Chennai (Head) Office
- Address: No. 1218, 17th Street, West End Colony, Mogappair, Chennai – 600050, Tamil Nadu, India
- Phone: +91‑44‑26241830, +91‑44‑26241831
- Email: info@samayprojects.in ·
📍 Jaipur Office
- Address: Hotel Diggi Palace, Diggi House, Shivaji Marg, C‑Scheme, Sawai Ram Singh Road, Jaipur – 302004, Rajasthan, India samayprojects.com
- Email: info@samayprojects.in · rudhsing@yahoo.co.in samayprojects.com+11samayprojects.com+11samayprojects.com+11
🌍 Dubai Office
- Company: Samay Middle East Trading LLC
- Address: Office 223C, Hamsha A Building, Ansar Gallery (Mezz), Al Karama, Dubai, UAE; P.O. Box 128089 samayprojects.com
📞 Additional Investor/IPO Enquiries
As per IPO prospectus data:
Company Identification (for official/registrar use)
- CIN: U74210TN2001PLC048005
- LEI: 9845008M9E53BE693895 (valid; next renewal due Nov 25, 2025)
Quick Summary Contact Table
| Office | Address & Emails | Phones |
|---|---|---|
| Chennai (Head) | No. 1218, 17th St., West End Colony, Mogappair, Chennai – 600050info@samayprojects.insales@samayprojects.inaccounts@samayprojects.in | +91‑44‑26241830 / 31 |
| Jaipur | Hotel Diggi Palace, Shivaji Marg, C‑Scheme, Jaipur – 302004info@samayprojects.inrudhsing@yahoo.co.in | — |
| Dubai | Office 223C Hamsha A Bldg, Ansar Gallery (Mezz), Al Karama, Dubai, UAE; P.O. Box 128089 | — |
| IPO Investor | investor@samayprojects.inwww.samayprojects.com | +91‑93441 39102 |
Website: www.samayprojects.com economictimes.indiatimes.com+11
Phone: +91‑93441 39102
Email: investor@samayprojects.in
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