Samay Project Services Limited IPO

Apply 0
Avoid 0

Closing in

Days
Hours
Mins
Secs

Don't Miss It! Mark Your Calender Now:


Incorporation & Background

Samay Project Services Limited, originally incorporated as Samay Project Services Private Limited in 2001 under the Companies Act, 1956, is an established EPC (Engineering, Procurement, and Construction) service provider. The company specializes in delivering end-to-end mechanical systems with a core focus on piping systems, tanks and vessels, fabricated structures, and fire protection and detection systems (FFS). It was acquired by Comfort Solutions in 2008, and later taken over by current promoters Mr. Anand R and Ms. Santhi Karthikeyan.

Business Activities

Samay Projects offers comprehensive EPC services for:

  • Piping Systems: For power plants, hydrocarbons, and industrial processes, handling pipe sizes from 15 NB to 1600 NB using various materials including carbon steel, stainless steel, and alloy steel.

  • Tanks, Vessels & Fabricated Structures: Custom fabrication and erection for industrial liquids and slurry storage, including DM water, HFO, and fire water tanks.

  • Fire Protection & Detection Systems: Turnkey EPC execution of fire hydrant systems, fire alarms, spray systems, and extinguishing solutions for high-hazard industries.

Key Industries Served

Samay Project Services Limited serves key sectors including power, sugar and distilleries, iron and steel, infrastructure, ports, and mining. It has also executed overseas projects, such as a Public Health Engineering (PHE) system in Mauritius, showcasing its global capabilities.

Client Base & Empanelment

Samay Projects has worked with reputed clients including BHEL, Rungta Mines, NSL Sugars, Zuari Envien Bioenergy, and AFCONS. It is also empanelled with firms like Avant Garde and BHEL for specific verticals.

Competitive Strengths

i) Strong technical and engineering team using tools like AutoPlant CAD and Canute software.
ii) Proven execution track record in complex EPC segments across India and internationally.
iii) Deep-rooted client relationships leading to repeat business.
iv) Robust quality and safety frameworks for project execution.
v) Experienced promoter team with 16+ years of domain expertise.

Business Strategy

  1. Target Larger Value EPC Projects: Scale operations by bidding independently or in consortiums for bigger contracts.

  2. Enhance Operational Efficiency: Through technology adoption, training, and project execution best practices.

  3. Strengthen Customer Relationships: Delivering timely, customized, and high-quality services to encourage repeat business.

Objects of the Samay Project Services Limited IPO:

Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: 1. Funding working capital requirements of our company; 2. General corporate purposes.
DRHP of Samay Project Services Limited IPO
RHP of Samay Project Services Limited IPO

Samay Project Services Limited IPO Details:

Open Date: Jun 16 2025
Close Date: Jun 18 2025
Total Shares: 43,20,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 14.69 Cr.
Lot Size: 4000 Shares
Issue Price: ₹ 32 to 34 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Mr. Anand R (Chairman & MD), Aged 58, Mr. Anand holds degrees in Production Engineering and MBA from Baylor University, along with a certificate from ICWAI. Formerly a promoter-director at Comfort Solutions Pvt. Ltd., he has rich experience in marketing, product approvals, and financial management. 2. Ms. Santhi Karthikeyan (Whole-time Director), Aged 62, Ms. Santhi is an engineering graduate from the University of Madras. She previously served as Scientist ‘B’ at Defence Electronics Research Lab and Combat Vehicles R&D Establishment. With over 33 years of experience, she has been with the company since 2008. 3. Ms. Gowri Ramachandran (Independent Director), Aged 63, Ms. Gowri holds postgraduate and doctoral degrees in Commerce and Corporate Secretaryship, and is a Chartered Wealth Manager. She has 26 years of experience in finance and currently serves on the Board of the Hindustan Chamber of Commerce.

Financials of Samay Project Services Limited IPO:

Company Financials in crores
Particulars FY 2024-25 FY 2023-24  FY 2022-23
Revenue from Operations 37.14 40.74 20.36
EBITDA 5.75 6.60 3.60
EBITDA Margins 15.50% 16.22% 17.72%
PAT 4.19 4.61 3.43
PAT Margins 11.29% 11.33% 16.88%
ROCE 24.56% 34% 22.94%
Debt-Equity Ratio 0.10 0.15 0.26
CFOA 1.60 1.94 -1.61

Comparison With Peers:

Comparison with peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Samay Project Services (FY 2025) 37.14 Cr. 15.50% 11.29% 0.10 52 12.41
Pratham EPC Projects (FY 2025) 119 Cr. 15% 11.76% 0.16 280 Cr. 20.40

Recommendation on Samay Project Services Limited IPO:

Review and Recommendation of Samay Projects IPO by team IZ is 4/10.

Lead Manager of Samay Project Services Limited IPO:

  1. Smart Horizon Capital Advisors Private Limited

Registrar of Samay Project Services Limited IPO:

  1. Bigshare Services Private Limited

Discussion on Samay Project Services Limited IPO:

Leave a Reply