Samay Project Services Ltd IPO
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Samay Project Services Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 43.2 L | TBA | ₹ 14.56 L | ₹ 106.2 L | NSE | ₹ 14.69 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 16 Jun, 25 | 18 Jun, 25 | 4000 | ₹ 1,28,000 | Book Building - SME | 23 Jun, 25 |
Samay Project Services Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 9.06x | 2000000 | 18112000 |
| NII | 69.55x | 636000 | 44232000 |
| Retail | 15.09x | 1456000 | 21976000 |
| Employee | 0x | 0 | 0 |
| Total | 19.52x | 4320000 | 84320000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Samay Project Services Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.92 | 6.45 | 4.78 |
| EBITDA | 6.10 | 6.68 | 4.99 |
| PAT | 4.19 | 4.62 | 3.44 |
| Total Assets | 29.03 | 22.14 | 18.46 |
| Share Capital | 11.03 | 11.03 | 0.31 |
| Total Borrowings | 13.37 | 11.25 | 9.16 |
| Operating Activities (Net Cash) | 4.37 | 4.85 | 3.65 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 13.37 | 11.25 | 9.16 |
| Net Cashflow | 4.31 | 3.20 | 2.22 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Samay Project Services Ltd
Samay Project Services Limited was incorporated on November 08, 2001 as Samay Project Services Private Limited, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 8, 2001 issued by the Assistant Registrar of Companies, Tamil Nadu. Further, the Company was converted into a public limited company pursuant to a resolution passed by the Board of Directors in their meeting held on February 10, 2024 and by its Shareholders at an extra-ordinary general meeting held on February 29, 2024 and consequently the name of the Company was changed to `Samay Project Services Limited' and a fresh certificate of incorporation dated August 07, 2024 was issued by the Registrar of Companies, Central Processing Centre. The corporate identification number of the Company is U74210TN2001PLC048005.
Infrastructure is the engine of economic growth and social development. Infrastructure development involves capital formation in areas such as Heavy Industries, Ports, Power, Iron & Steel, Mining, Metals, Roads and Telecommunication. We operate in the Infrastructure Industry in Engineering, Procurement and Construction Services providing specialized services in design, engineering, supply, fabrication, erection and commissioning of balance of plant systems in various industries.
The Company is primarily engaged in Engineering, Procurement and Construction (EPC) Services providing specialized services in design, engineering, supply, fabrication, erection and commissioning of balance of plant (BOP) systems in various industries. The Company is involved in EPC projects which consists of (i) Piping System, (ii) Tanks and vessels and fabricated structures; and (iii) fire protection and detection systems / firefighting systems (FFS). The Company was established in the year 2001 as `Samay Project Services Private Limited', a private limited company under the Companies Act, 1956.
Peer Comparison:
- Samay Project Services Limited
- Pratham EPC Projects Limited
Samay Project Services Ltd IPO Key Points
Strengths
- Strong Engineering and Technical Software and Design Team.
- Good presence in multiple EPC Segments.
- Existing relationship with clients.
- Quality Assurance.
- Experienced management team.
Risk
- The company derived 63.06% and 84.26% & 62.34% and 87.14% of its revenue from its top five and top ten customers, respectively, for Fiscal 2025 and Fiscal 2024, and any inability to retain its key customers or attract new customers and expand its customer network, could negatively affect its business and results of operations.
- There are outstanding litigations involving the Company and its Promoters which, if determined adversely, may affect its business and financial condition.
- The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
Strategy
- Focus on larger value EPC projects.
- Enhance operational controls to ensure timely completion of Service.
- Continue to maintain good relationships with its customers.
- Strong Engineering and Technical Software and Design Team.
- Good presence in multiple EPC Segments.
- Existing relationship with clients.
- Quality Assurance.
- Experienced management team.
How To Apply for Samay Project Services Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
