Samay Project Services IPO Upcoming
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Schedule of Samay Project Services
| Issue open date | 16 Jun 2025 |
| Issue close date | 18 Jun 2025 |
| UPI mandate deadline | 18 Jun 2025 (5 PM) |
| Allotment finalization | 19 Jun 2025 |
| Refund initiation | 20 Jun 2025 |
| Share credit | 20 Jun 2025 |
| Listing date | 23 Jun 2025 |
| Mandate end date | 03 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 19 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 17 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Samay Project Services
Founded in 2001, Samay Project Services is an EPC company specializing in the design, fabrication, and commissioning of Balance of Plant (BOP) systems. The company provides services across piping systems, structural fabrication, tanks, and fire safety systems, catering to industries such as power, steel, sugar, and infrastructure. Samay Projects has also executed international assignments and continues to expand its project capabilities across sectors and geographies. In 2008, the company underwent a change in shareholding, with Comfort Solutions Private Limited initially acquiring control, later transferred to the current promoters, Mr. Anand R and Ms. Santhi Karthikeyan.
Financials of Samay Project Services
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹14.69 crores |
| Fresh Issue | ₹14.69 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 14 (95.3%) |
| General Corporate Purpose | 0.69 (4.7%) |
Strengths
- Experienced engineering team with advanced software tools for precise system design and layout.
- Strong and recurring customer base supported by long-term client relationships.
- Focus on expanding into larger projects while enhancing execution efficiency through modern equipment, skilled workforce, and improved internal systems.
- The company has a strong domestic presence across 12 states, contributing over 97% of total revenue in FY 2024.
Risks
- The company’s revenue is highly dependent on its top five and ten customers.
- Ongoing litigations may negatively affect business and financial health if ruled unfavourably.
- Persistent negative cash flows indicate financial strain across operations and investments.
- A sharp decline in international revenues highlights limited global market sustainability.
- The upcoming expiry of the office lease poses operational and financial continuity risks.
- Delays in logo registration expose the company to legal and brand misuse risks.