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SAMAY IPO

Samay Project Services Limited
Start Date16-06-2025
Application Timing10am-5pm
Price Range₹32 - ₹34
Min Qty4000
Min. Investment₹128000
Listing DateNA
Close Date18-06-2025

About Samay Project Services Limited

Samay Project Services Limited, incorporated in November 2001, is a certified ISO 9001:2015 company offering Engineering, Procurement, and Construction (EPC) services. The company specializes in the design, engineering, supply, erection, testing, and commissioning of Balance of Plant (BOP) systems across diverse industrial sectors.

Its key service areas include:

Fire Detection & Protection Systems

Low-pressure Piping Systems

Storage Tanks & Tank Farms

Cross-country Pipelines for Water & Hydrocarbons

Automation of Electromechanical Systems

Turnkey EPC of BioCNG Plants

With a strong engineering and technical design team, Samay Project Services has maintained long-standing relationships with its clients and is committed to delivering quality, cost-effective, and timely solutions.

As of October 2024, the company had 54 employees and 179 contract workers.

Why To Invest in Samay Project Services Limited

Established Track Record: Over two decades of experience in EPC services with proven technical capabilities.

Diversified Offerings: Presence in multiple high-demand segments like Fire Protection, BioCNG Plants, and Cross-country Pipelines.

Strong Financial Metrics: Healthy return ratios  ROE of 23.13% and ROCE of 24.56%.

Low Debt Exposure: Debt-to-equity ratio of just 0.10 reflects sound financial management.

Anchor Investor Confidence: Raised 2.72 crore from anchor investors before IPO opening.

Growth Potential: Although there was a minor dip in revenue and PAT in FY25, the company’s net worth and assets have consistently improved year-over-year.

Financial Table
Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets31.77 24.83 21.28
Revenue37.7240.9520.82
Profit After Tax 4.194.623.44
Net Worth 20.23 16.03 11.42
Reserves and Surplus 9.205.0011.11
Total Borrowing 2.09-0.64 1.18
Strengths And Risks
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Diversified EPC Services Portfolio: Samay Project Services offers a wide range of EPC solutions across high-demand sectors including piping, fire safety systems, storage tanks, and BioCNG plants, enhancing its industry adaptability and project expertise.
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Strong Technical and Engineering Team: The company is backed by a skilled engineering and design team, ensuring high-quality execution and innovation in project delivery.
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Healthy Financial Ratios: With a Return on Equity (ROE) of 23.13%, Return on Capital Employed (ROCE) of 24.56%, and PAT margin of 11.29%, the company reflects strong profitability and operational efficiency.
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Steady Growth in Assets and Net Worth: Between FY23 and FY25, the company’s net worth grew from 11.42 Cr to 20.23 Cr, supported by consistent asset expansion and reserve buildup.
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Strong Client Relationships: Established connections with clients and successful project delivery history have contributed to repeat business and long-term contracts.
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Recent Dip in Financial Performance: In FY25, revenue declined by 8% and profit after tax fell by 9% compared to FY24, which could raise concerns about short-term growth stability.
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SME Platform Listing Risk: Being listed on the NSE SME platform may lead to lower trading volumes and higher stock price volatility compared to mainboard listings.
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Manpower Limitations: The company’s limited permanent workforce (54 employees) and reliance on contract labor could affect the timely execution of large or complex projects.
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Business Concentration Risk: A major portion of its revenue is derived from industrial EPC projects, which makes the company vulnerable to fluctuations in infrastructure and capital investment cycles.
FAQs
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