Samay Project Services IPO: Check Subscription Status, GMP, Offer Size, Price Band And More
Samay Project Services IPO listing date has been tentatively fixed as June 23.
Samay Project Services Ltd. launched its initial public offering (IPO) on Monday to raise nearly Rs 15 crore.
The company is primarily engaged in engineering, procurement and construction (EPC) projects in design, engineering and the commissioning of storage tanks, vessels and piping systems.
Investors who want to bid for shares in this IPO must check the following details before making an investment call:
Samay Project Services IPO: Key Details
The Samay Project Services IPO is a book-building issue worth Rs 14.69 crore. The NSE SME issue comprises an entirely fresh issue of 43.2 lakh shares.
Retail investors can bid for a single lot size of 4,000 shares, requiring an investment of Rs 1,36,000. High Net-Worth Individuals (HNIs) need to bid for at least two lots, having a total of 8,000 shares, aggregating to a minimum investment of Rs 2,72,000.
The price band for the IPO has been set between Rs 32-Rs 34 per share.
The company has reserved at least 35% of the net issue for retail investors. A minimum of 15% of the net issue has been reserved for Non-Institutional Investors (NIIs). The remaining 50% of the net issue has been set aside for Qualified Institutional Buyers (QIBs).
Smart Horizon Capital Advisors Pvt. is the book-running lead manager of the Samay Project Services IPO. Bigshare Services Pvt. is the registrar for the issue.
Samay Project Services IPO Dates
The Samay Project Services IPO will remain open for subscription from June 16 to June 18. The IPO allotment status is expected to be finalised on June 19. The company is scheduled to transfer the shares to the demat accounts of successful applicants, and initiate refunds to unsuccessful applicants on June 20.
Shares of Samay Project Services are scheduled to be listed on the NSE SME platform on June 23.
Samay Project Services IPO: Subscription Status Day 1
The Samay Project Services IPO has been subscribed 1.34 times as of 4:35 p.m. on Monday.
Qualified Institutions: 1.92 times
Non-Institutional Buyers: 2.32 times
Retail Investors: 0.60 times
*The subscription status will be updated soon
Samay Project Services IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the Samay Project Services IPO was nil at 3:00 p.m. on June 16. The latest GMP indicates a potentially flat listing for the Samay Project Services shares.
Note: GMP does not represent official data and is based on speculation.
Samay Project Services Business And Financials
The company provides EPC services for hydrocarbon pipelines, fuel oil handling, tanks, vessels and fire protection systems. It was incorporated in 2001.
Use Of Proceeds
The company has proposed to use proceeds from the IPO to fund working capital requirements and for general corporate purposes.
Financials
The company's profit after tax fell 9.3% year-on-year (YoY) to Rs 4.19 crore in FY25 from Rs 4.62 crore in FY24. Total revenue decreased 7.9% YoY to Rs 37.72 crore in FY25 from Rs 40.95 crore in FY24.
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.
