Samay Project Services IPO - Day 3 Subscription at 29.08 Times

Samay Project Services' initial public offering (IPO) has demonstrated exceptional investor demand through its three-day subscription period, with Samay Project Services' stock price band set at ₹32 to ₹34 per share and Samay Project Services' share price expected to reflect outstanding market reception. The ₹13.91 crore IPO has witnessed remarkable progress, with subscription rates opening at 1.45 times on day one, improving to 1.98 times on day two, and reaching exceptional 29.08 times by 5:29:59 PM on the final day, demonstrating tremendous investor interest in this Engineering, Procurement, and Construction (EPC) services provider.

Samay Project Services IPO non-institutional investors segment leads with a phenomenal 69.19 times subscription, while qualified institutional buyers show exceptional participation at 22.64 times, and retail investors demonstrate solid interest at 15.09 times, reflecting tremendous investor confidence.

Samay Project Services IPO subscription reached an exceptional 29.08 times on the final day, led by NII (69.19x), QIB (22.64x), and Retail (15.09x). Total applications reached 6,031

Subscription Status of Samay Project Services IPO:

Here are the subscription details for Samay Project Services IPO as of Day 3 (June 18, 2025, 5:29:59 PM):

Samay Project Services IPO Reservation

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Key Highlights - Day 3:

• Overall subscription reaching an exceptional 29.08 times, a massive surge from day two's 1.98 times
• NII segment leading with phenomenal demand at 69.19 times, an extraordinary jump from day two's 2.55 times
• QIB segment showing exceptional participation at 22.64 times, a remarkable increase from day two's 1.92 times
• Retail segment demonstrating solid interest at 15.09 times, strong improvement from day two's 1.77 times
• Total applications reached 6,031, indicating strong investor participation
• The cumulative bid amount reached ₹285.913 crores against the issue size of ₹13.91 crores
• Final day demonstrating exceptional confidence in the EPC services sector
• NII category driving exceptional subscription improvement with high-net-worth investor confidence
• All investor categories are showing strong oversubscription, reflecting robust market reception

Samay Project Services IPO - Day 2 Subscription at 1.98 Times

Key Highlights - Day 2:

• Overall subscription improving to 1.98 times, showing steady progress from day one's 1.45 times
• NII segment showing solid demand at 2.55 times, slight decline from day one's 2.68 times
• QIB segment maintains stable interest at 1.92 times, unchanged from day one
• Retail segment showing moderate participation at 1.77 times, improvement from day one's 0.65 times
• The second day demonstrates building confidence in the EPC services sector
• Retail category showing encouraging momentum, while institutional participation remains measured

Samay Project Services IPO - Day 1 Subscription at 1.45 Times

Key Highlights - Day 1:

• Overall subscription opening solid at 1.45 times, showing encouraging initial investor interest
• NII segment leading with strong early participation at 2.68 times, indicating high-net-worth confidence
• QIB segment showing solid early interest at 1.92 times, reflecting institutional confidence
• Retail segment showing weak initial participation at 0.65 times on day one
• Opening day demonstrates positive initial engagement across categories
• Strong first day foundation indicating solid market enthusiasm for EPC services
• Encouraging opening momentum reflecting a positive assessment of the engineering business model

About Samay Project Services Limited

Incorporated in November 2001, Samay Project Services Limited offers Engineering, Procurement, and Construction (EPC) services, specialising in design, engineering, and the commissioning of balance of plant (BOP) systems across various industries. The company engages in EPC projects, including piping systems, tanks, vessels, and fabricated structures, and fire protection and detection systems.

Financial performance shows some volatility with revenue decreasing 8% from ₹40.95 crores in FY2024 to ₹37.72 crores in FY2025, while profit after tax dropped 9% from ₹4.62 crores to ₹4.19 crores. However, the company maintains strong profitability metrics with 23.13% ROE, 24.56% ROCE, operates with a low debt-to-equity ratio of 0.10, and has an order book worth ₹57.33 crores as of March 2025. 

Highlights of the Monolithisch India  IPO:

• IPO type: Book Building IPO
• IPO size: ₹13.91 crores
• Fresh Issue: 40.92 lakh shares
• Face value: ₹10 per share
• Issue price band: ₹32 to ₹34 per share
• Lot size: 4,000 shares
• Minimum investment for retail investors: ₹1,36,000 (1 lot, 4,000 shares)
• Minimum investment for HNI: ₹2,72,000 (2 lots, 8,000 shares)
• Anchor investor allocation: ₹4.08 crores
• Market maker reservation: 2,28,000 shares
• Book-running lead manager: Smart Horizon Capital Advisors Private Limited
• Registrar: Bigshare Services Pvt Ltd
• Listing at: NSE SME
• IPO opens: June 16, 2025
• IPO closes: June 18, 2025
• Allotment date: June 19, 2025
• Listing date: June 23, 2025