The Samay Project Services IPO closes today, June 18, 2025, marking the final opportunity for investors to subscribe to the issue. This SME IPO, which opened on June 16, 2025, has garnered significant attention, and today's closing will determine the final subscription status. Here's a comprehensive overview of the IPO, including details on subscription status, GMP (Grey Market Premium), and other essential information.
Subscription Status
On the second day of bidding, June 17, 2025, the Samay Project Services IPO witnessed a subscription of 1.98 times. Data from the National Stock Exchange (NSE) indicated a strong response from both retail investors and high-net-worth individuals (HNIs). The retail category was subscribed 1.77 times, while the Non-Institutional Investor (NII) category saw a subscription of 2.55 times. The Qualified Institutional Buyer (QIB) category was subscribed 1.92 times.
As of Day 2, the company had received bids for 57,00,000 shares against the 28,92,000 shares on offer.
Grey Market Premium (GMP)
As of June 17, 2025, the Grey Market Premium (GMP) for Samay Project Services IPO was ₹0. This suggests that the shares are expected to list at around the issue price of ₹34 (34+0). However, GMP is not always indicative of listing performance, and investors should consider other factors before making decisions.
IPO Details
Samay Project Services IPO is a book-built issue aiming to raise ₹14.69 crores. The IPO consists entirely of a fresh issue of 43.20 lakh shares. The price band is set at ₹32 to ₹34 per share, with a face value of ₹10 per share.
The minimum market lot is 4000 shares, requiring a minimum investment of ₹1,36,000 for retail investors.
Allotment and Listing
The allotment for the Samay Project Services IPO is expected to be finalized on June 19, 2025. Successful applicants will likely have shares credited to their demat accounts by June 20, 2025. The IPO is scheduled to be listed on the NSE SME platform on June 23, 2025.
About Samay Project Services Limited
Samay Project Services Limited is an Engineering, Procurement, and Construction (EPC) company based in Chennai. It specializes in designing, supplying, and setting up balance of plant (BOP) systems for various industries. The company's services include:
Financial Performance
The company reported a revenue of ₹37.72 crores in 2025, compared to ₹40.95 crores in 2024. The profit after tax (PAT) was ₹4.19 crores in 2025, slightly lower than the ₹4.62 crores in 2024.
Recommendation
Considering the company's financials and subscription status, analysts suggest that well-informed investors may consider parking moderate funds for the long term.
How to Check Allotment Status
Investors can check the allotment status through the registrar's website, Bigshare Services Pvt Ltd.
Conclusion
The Samay Project Services IPO has seen decent investor interest. As the IPO closes today, the final subscription figures will provide a clearer picture of investor demand. Investors should keep an eye on the allotment status and listing date to track the IPO's performance.
