Amkay Products Limited IPO
BSE SMEListed On: May 8, 2024 at ₹ 104.5
₹ 220000 /4000 Shares
*Min Investment
30 Apr, 2024
Open Date03 May, 2024
Close Date06 May, 2024
Allotment Date08 May, 2024
Listing DateAmkay Products Limited IPO Issue Details
- Issue Price ₹52-55 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 22,92,000 shares(aggregating up to ₹12.61 crore)
- Fresh Share 22,92,000 shares(aggregating up to ₹12.61 crore)
- Listing at BSE SME
- List Price 104.5
- Listing Date 2024-05-08
- Lead Manager Hem Securities Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,10,000 |
| Retail(max) | 1 | 2000 | ₹1,10,000 |
| NII (min) | 2 | 4,000 | ₹2,20,000 |
Amkay Products Limited IPO Reservation
Amkay Products Limited IPO offers total 2,292,000 shares. Out of which 434,000 (18.94%) allocated to QIB, 326,000 (14.22%) allocated to NII,762,000 (33.25%) allocated to RII, NA (NA%) allocated to employees and 650,000 (28.36%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 650,000 (28.36%) | |
| Market Maker Shares Offered | 120,000 (5.24%) | |
| QIB Shares Offered | 434,000 (18.94%) | |
| NII (HNI) Shares Offered | 326,000 (14.22%) | |
| Retail Shares Offered | 762,000 (33.25%) | |
| Total Shares Offered | 2,292,000 (100%) |
Amkay Products Limited IPO Details
Amkay Products Limited IPO is an SME IPO, priced at ₹52-55 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 22,92,000 equity shares, aggregating up to ₹12.61 crores..
The IPO bidding window is open from Apr 30, 2024 to May 3, 2024. The allotment is expected to be finalized on May 6, 2024, and the tentative listing date is May 8, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,10,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,20,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.
Amkay Products Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 434,000 / 446,000 | 762,000 | 1,642,000 |
Day 1 30-04-24 06:00 PM | 0.06 / 37.60 x | 54.14 x | 35.18 x |
Day 2 02-05-24 06:00 PM | 0.79 / 158.51 x | 332.51 x | 197.57 x |
Day 3 03-05-24 06:00 PM | 173.04 / 721.96 x | 973.14 x | 693.44 x |
Amkay Products Limited Valuations
Amkay Products Limited Company Financials
| 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 1,887.52 | 1,563.77 | 1,580.64 |
| Revenue | 2,385.56 | 2,825.05 | 3,679.45 |
| Profit After Tax | 215.34 | 151.02 | 146.71 |
| Net Worth | 986.96 | 771.62 | 620.60 |
| Reserves & Surplus | 350.59 | 743.95 | 592.93 |
| Total Borrowing | 476.22 | 469.98 | 433.59 |
About Amkay Products Limited Company
Amkay Products Limited was established in the year October 2007 as a firm with products related to health, particularly medical equipment and disposables along with other related stuff such as masks, swab alcohol, nebulizer lancet needles, pulse oximeter, and even a surgeon's cap, and a lot of others, for various health institutions like health center, hospital clinics, nursing home, etc throughout India.
The company manufactures and markets products, including diapers, plastic gloves, and suction machines.
The company has more than 30 healthcare products, including medical devices for respiratory diseases, surgical disposables, home healthcare products, and many others. We manufacture 20 products and brand/trade 10 others.
The manufacturing unit covers an area of about 26000 sq. ft, well equipped with machines, testing labs, and other handling equipment so that the manufacturing process is smoother. The quality management system by QRO Certification LLP has been accredited under ISO 9001:2015.
The company consists of two units for manufacturing unit located in Thane, Maharastra along with a wear house located at Thane, Maharastra.
The company has been able to maintain about 75 employees in various levels of the organization up to December 31, 2023.
Amkay Products Limited - Promoter(s)
Kashyap Pravin Mody
Himanshu Kantilal Batavia
Pre Issue Share Holding : 99.89%
Post Issue Share Holding : 73.44%
Amkay Products Limited IPO - Issue Objectives
Funding Capital Expenditure towards the installation of additional Machinery
To meet working capital requirements
General Corporate Purpose.
Amkay Products Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Amkay Products Limited | 2.37 | 2.37 | N/A | N/A | 19.57 | N/A | Standalone |
| Hemant Surgical Industries Ltd | 10.28 | 10.28 | N/A | 14.59 | 32.42 | N/A | Standalone |
| Qms Medical Allied Services Limited | 3.9 | 3.9 | N/A | 26.53 | 9.06 | N/A | Standalone |
Notes:
- The EPS, NAV, RoNW, and revenue from operations of the Company are taken as per the Restated Financial Statement for the Financial Year 2022-23, as adjusted with the effect of the Bonus Issue.
- NAV per share is computed as the closing net worth divided by the closing outstanding number of paid-up equity shares as adjusted with the effect of Bonus Issue.
- RoNW has been computed as net profit after tax divided by closing net worth.
- P/E Ratio is based on the CMP of the respective scrips.
Contact Details
Amkay Products Limited
Bunglow No. 68, Rashmi Park, CHS Ltd., Dhumal Nagar, Waliv Road, Vasai, Thane 401208
+91-9152094440
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Amkay Products Limited IPO - FAQs
Ans. Amkay Products Limited IPO is a SME IPO. The issue is priced at ₹52-55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Apr 30, 2024, and closes on May 3, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Amkay Products Limited IPO opens on Apr 30, 2024 and closes on May 3, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Amkay Products Limited IPO is 2,292,000 shares(aggregating up to ₹12.61 Cr).
Ans. The Amkay Products Limited IPO price band is set between ₹52-55 per equity share.
Ans. To apply for Amkay Products Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Amkay Products Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Amkay Products Limited IPO is May 6, 2024.
Ans. The Amkay Products Limited IPO will be listed on May 8, 2024.
Ans. Follow the steps to check the Amkay Products Limited IPO allotment status online.
