Samay Project Services Limited IPO Review
Neutral32-32 · SME
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Analyst Verdict
Samay Project Services Limited IPO
Neutral
IPO at a Glance
Price Band
32-32
Issue Size
13cr
Opens
2025-06-14
Closes
2025-06-16
Listing
2025-06-21
Category
SME
Key Strengths
✓Experienced engineering team with advanced software tools for precise system design and layout.
✓Strong and recurring customer base supported by long-term client relationships.
✓Focus on expanding into larger projects while enhancing execution efficiency through modern equipment, skilled workforce, and improved internal systems.
✓The company has a strong domestic presence across 12 states, contributing over 97% of total revenue in FY 2024.
Key Risks
⚠The company’s revenue is highly dependent on its top few customers.
⚠Ongoing litigations may negatively affect business and financial health if ruled unfavourably.
⚠Persistent negative cash flows indicate financial strain across operations and investments.
⚠A sharp decline in international revenues highlights limited global market sustainability.
⚠The upcoming expiry of the office lease poses operational and financial continuity risks.
⚠Delays in logo registration expose the company to legal and brand misuse risks.
Frequently Asked Questions
Should I apply for Samay Project Services Limited IPO?
Based on our analysis, our rating for Samay Project Services Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Samay Project Services Limited IPO?
The company’s revenue is highly dependent on its top few customers. Ongoing litigations may negatively affect business and financial health if ruled unfavourably. Persistent negative cash flows indicate financial strain across operations and investments.
What are the strengths of Samay Project Services Limited IPO?
Experienced engineering team with advanced software tools for precise system design and layout. Strong and recurring customer base supported by long-term client relationships. Focus on expanding into larger projects while enhancing execution efficiency through modern equipment, skilled workforce, and improved internal systems.
What is the price band of Samay Project Services Limited IPO?
The price band for Samay Project Services Limited IPO is 32-32. The IPO has closed.
Full Analysis Available
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