Samay Project Services came to market through an SME IPO that opened on 16 June 2025 and closed on 18 June 2025, and the shares listed on 23 June 2025 on NSE SME. The price band was ₹32 to ₹34 per share and one lot was 4000 shares, so the minimum application was ₹1,36,000. The issue size was ₹14.69 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Private Limited was the lead manager.
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Incorporated in 2001 in November, Samay Project Services Limited provides Engineering, Procurement, and Construction (EPC) services with expertise in design, engineering, and commissioning of balance of plant (BOP) systems in different industries.The firm undertakes EPC works consisting of (i) piping systems, (ii) tanks, vessels, and fabricated structures, and (iii) fire protection and detection systems. Services Provided: Fire Protection & Detection Systems:
Design, supply, installation, testing, and commissioning (SITC) of fire detection and protection systems such as fire hydrant and spray systems. Piping & Appurtenances: Full services involving the design, engineering, supply, fabrication, erection, and commissioning of low-pressure piping systems. Storage Tanks: Specialized skills in designing and building tanks and tank farms. Cross Country Water and Hydrocarbon Pipelines: Construction of cross-country pipelines for water and hydrocarbons within the country and abroad. System Automation: Combining electromechanical systems and instrumentation to execute turnkey projects.
EPC of BioCNG Plants: Turnkey engineering and delivery of BioCNG projects, from identification of the feedstock to commissioning. vThe organization is an ISO 9001:2015 certified firm for quality management in Engineering, Supply, Fabrication, Erection, Testing, and Commissioning of Piping, Tanks, and Fire Protection Systems. As of October 31, 2024, the company had 54 employees and 179 contract labourers (skilled, semi-skilled, and unskilled) for its EPC Projects.
As described in the offer document.
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Mr. Anand R, Ms. Santhi Karthikeyan. Promoter holding 96.29% before the issue and 69.19% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Samay Project Services IPO was a ₹14.69 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹32–₹34 per share with a lot size of 4,000 shares (₹1,36,000). The IPO was open from June 16 to June 18, 2025. Shares listed on NSE SME on June 23, 2025 at ₹36.05, a 6.0% premium to the issue price of ₹34. Bigshare Services Pvt Ltd is the registrar.
Smart Horizon Capital Advisors Private Limited is the book running lead manager.
The price band of Samay Project Services IPO is ₹32 to ₹34 per share.
The lot size of Samay Project Services IPO is 4000 shares.
The minimum investment for Samay Project Services IPO is approximately ₹1,36,000 based on the upper price band.
The allotment date of Samay Project Services IPO is Jun 19, 2025.
You can check Samay Project Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Samay Project Services IPO allotment status on Rupix for quick and easy access.
₹32 to ₹34 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 4000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,36,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,36,000, for one lot of 4000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 June 2025 and closed on 18 June 2025.
The basis of allotment was published on 19 June 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 23 June 2025 on NSE SME.
The issue size was ₹14.69 crore. The fresh issue was 43,20,000 shares (aggregating up to ₹14.69 crore).