Samay Project Services IPO Ignites Market Buzz—Can This EPC Player Build Your Portfolio Too?

Samay Project Services, a Tamil Nadu-based EPC (Engineering, Procurement, and Construction) firm, has opened its ₹14.69 crore IPO for subscription today, June 16, with the window closing on June 18. The offering comprises a fresh issue of 43.2 lakh equity shares, priced between ₹32–₹34 per share. There is no offer-for-sale component, signaling the company’s intent to raise capital purely for growth.

 

Investors must apply for a minimum of 4,000 shares per lot, translating to an entry ticket of ₹1.36 lakh at the upper price band. The IPO is being managed by Smart Horizon Capital Advisors, with Bigshare Services as the registrar. Shares are expected to debut on the NSE SME platform on June 23.

 

Founded in 2001, Samay Project Services specializes in BoP (Balance of Plant) systems across sectors like petrochemicals, renewables, and manufacturing. Its portfolio includes fire protection systems, piping, tanks, vessels, and bio-CNG plants. The company employs 54 full-time staff and over 170 contract workers.

 

Financially, the firm reported ₹37.72 crore in revenue and ₹4.19 crore in PAT for FY25. Of the IPO proceeds, ₹12 crore will be allocated toward working capital, with the remainder earmarked for general corporate purposes. Notably, ₹2.72 crore was already raised from anchor investors on June 13, with a portion of those shares under lock-in.

 

This IPO offers investors a chance to tap into India’s industrial infrastructure growth story through a seasoned EPC player.

 

Sources: The Economic Times, Business Standard, Moneycontrol