Listed

Samay Project Services Limited IPO

Samay Project Services Limited is a Chennai-based engineering, procurement, and construction (EPC) company that specializes in delivering turnkey industrial solutions. Founded in 2001, the company provides end-to-end services in fire protection systems, pipeline erection, fabrication, and storage tank construction, serving sectors like power, oil & gas, ports, and infrastructure.

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Min Investment

₹1,36,000

Lot Size

4,000 Shares

Price Range

₹34.0

Issue Size (₹ Cr.)

₹14.69

IPO Type

NSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 0.0

Subscription

29.08x

EPS

₹ 2.64

P/E Ratio

12.89 x

RoNW

28.79

ROE

33.63%

Debt to Equity (₹ Cr.)

0.15

Timeline

IPO Opened16/06/2025Monday

IPO Closed18/06/2025Wednesday

Allotted19/06/2025Thursday

Refunded20/06/2025Friday

Listed23/06/2025Monday

Strengths

Two Decades of EPC Experience With over 20 years in the EPC industry, the company has executed 120+ projects across diverse sectors like power, oil & gas, and ports, showcasing strong technical expertise.
Diverse Service Portfolio The company offers integrated solutions in fire protection systems, pipeline work, storage tanks, and bio-CNG plants, catering to a wide range of industrial needs.
Skilled Execution Team Supported by a strong team of engineers and over 200 skilled workers, the company ensures timely project delivery and high-quality execution standards.
Established Client Relationships Long-standing associations with reputed public and private sector clients help ensure repeat orders and a steady revenue base.
Strong Quality & Safety Compliance Adherence to ISO 9001 standards and a robust safety record enhance credibility and client trust in its project execution capabilities.

Weaknesses

Limited Geographical Presence The company’s operations are largely concentrated in southern India, which may limit its exposure to larger national-level contracts and clients.
Dependency on Project-Based Revenue Earnings are heavily dependent on the timely execution of contracts; any delays or cancellations can significantly impact cash flows and profitability.
Moderate Scale of Operations Compared to large EPC players, the company operates on a smaller scale, which may restrict its ability to compete for high-value or government mega-projects.
Working Capital Intensive Business The EPC model requires continuous funding for raw materials, labor, and logistics, making the business vulnerable to liquidity constraints.
Limited Brand Recognition As an SME-level firm, Samay Project Services lacks strong brand visibility in the broader infrastructure and industrial market segments.