Samay Project Services IPO opens for subscription: Here's what you need to know
ADVERTISEMENT The price band is fixed at Rs 32–34 per share, with investors required to bid for a minimum of 4,000 shares per lot, amounting to Rs 1.36 lakh at the upper end of the band.
The issue is being managed by Smart Horizon Capital Advisors, with Bigshare Services acting as the registrar. Shares are expected to be listed on NSE SME on June 23.
Ahead of the IPO, the company raised Rs 2.72 crore from anchor investors on June 13, by allocating 8 lakh shares. Of this, 50% will remain locked in for 30 days, while the rest will be subject to a 90-day lock-in.Samay Project Services, incorporated in 2001, is an Engineering, Procurement and Construction (EPC) firm catering to the design, supply, and commissioning of balance of plant (BoP) systems. Its services span a wide array of industrial infrastructure segments including fire protection systems, piping, tanks and vessels, bio-CNG plants, and automation.
ADVERTISEMENT It has 54 full-time employees and over 170 contract labourers, delivering services to industries like petrochemicals, manufacturing, and renewables.For the fiscal year ended March 2025, Samay Project Services reported a revenue of Rs 37.72 crore and profit after tax of Rs 4.19 crore.
ADVERTISEMENT The IPO proceeds will be primarily used to fund working capital requirements amounting to Rs 12 crore, with the balance going toward general corporate purposes.
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