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Bloomberg Quint

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Image Credit: Bloomberg Quint

Samay Project Services IPO: Subscription, GMP, Offer Size, Price Band And More

  • Samay Project Services Ltd. launched its IPO to raise nearly Rs 15 crore for EPC projects in design, engineering, and commissioning.
  • The IPO is worth Rs 14.69 crore with a price band set between Rs 32-Rs 34 per share.
  • Retail investors can bid for a single lot of 4,000 shares, while HNIs need to bid for at least two lots.
  • The IPO will remain open for subscription from June 16 to June 18, with listing scheduled on June 23.
  • The company has reserved portions for retail investors, NIIs, and QIBs.
  • Smart Horizon Capital Advisors Pvt. is the lead manager, and Bigshare Services Pvt. is the registrar for the IPO.
  • The company plans to use the IPO proceeds for working capital and general corporate purposes.
  • Financially, the company's profit after tax decreased in FY25, along with a YoY drop in total revenue.
  • The IPO does not have a grey market premium (GMP) as per the current data.
  • Investments in IPOs are subject to market risks; investors should review the red herring prospectus and seek advice.
  • The IPO allotment status is expected by June 19, with share transfers and refunds scheduled for June 20.

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