Samay Project Services IPO Day 3: Subscription Status, Latest GMP, Allotment Date And More

The initial public offering (IPO) of Samay Project Services Ltd. continued to see a strong demand across categories on the last day of bidding on Wednesday, June 18. The NSE SME issue was overall subscribed 28.73 times on the third day and final day of bidding, as per data from market tracking site Chittorgarh till 4:29 p.m.

The Qualified Institutional Buyers (QIBs) subscribed their segment 22.64 times. The Non-Institutional Investors (NIIs) booked their quota 69.17 times. The retail portion of the IPO was subscribed 14.40 times.  

The price band for the IPO is set between Rs 32 to Rs 34 per share. The IPO is a book-building issue worth Rs 13.91 crore. The public offer comprises entirely a fresh issue of 40.92 lakh shares.

The allotment of shares is proposed to be finalised on June 19. The IPO listing has been tentatively scheduled on the NSE SME platform on June 23. 

Samay Project Services is a specialist in providing Engineering, Procurement, and Construction (EPC) solutions. It will use proceeds from the IPO to fund working capital requirements and for general corporate purposes. 

Investors can check the allotment status for the IPO on the websites of the NSE and the issue registrar, Bigshare Services. 

• Visit the IPO allotment page on the NSE website here. 

• Select 'Equity & SME IPO bid details'. 

• Select the company symbol ‘SAMAY’ from the dropdown list for issue symbols. 

• Enter PAN details and Application Number. 

• Click on the ‘Submit’ button to check the share allotment details.

• Visit the IPO allotment page on the Bigshare Services website here.

• Select any one server out of the three options. 

• Select 'SAMAY PROJECT SERVICES LIMITED' from the dropdown list of company names. 

• Enter your PAN, Application/CAF Number, or DP/Client ID. 

• Fill in the captcha details.  

• Click on the 'Search' button to verify your share allotment status.

According to InvestorGain, the grey market premium (GMP) for the IPO was nil at 4:00 p.m. on June 18. The latest GMP indicates a potentially flat listing of the Samay Project Services shares.  

Note: GMP does not represent official data and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.