Amkay Products IPO vs Storage Technologies Racks and Rollers IPO

Comparision between Amkay Products IPO and Storage Technologies Racks and Rollers IPO.

IPO Details

Amkay Products IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Storage Technologies Racks and Rollers IPO is a SME Book Built Issue proposed to list at BSE SME.

	Amkay Products IPO	Storage Technologies Racks and Rollers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Bigshare Services Pvt Ltd	Integrated Registry Management Services Private Limited
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Amkay Products IPO is up to ₹12.61 Cr whereas the issue size of the Storage Technologies Racks and Rollers IPO is up to ₹29.95 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Storage Technologies Racks and Rollers IPO is ₹78.00 per share.

	Amkay Products IPO	Storage Technologies Racks and Rollers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share	₹73.00 per share
Issue Price (Upper)	₹55.00 per share	₹78.00 per share
Issue Price (Final)	₹55.00 per share	₹78.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	22,92,000 shares	38,40,000 shares
Fresh Issue Size (Amount)	up to ₹12.61 Cr	up to ₹29.95 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,92,000 shares	38,40,000 shares
Issue Size Total (Amount)	up to ₹12.61 Cr	up to ₹29.95 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Storage Technologies Racks and Rollers IPO opens on Apr 30, 2024. The closing date of Amkay Products IPO and Storage Technologies Racks and Rollers IPO is May 03, 2024, and May 03, 2024, respectively.

	Amkay Products IPO	Storage Technologies Racks and Rollers IPO
Anchor Bid Date	Apr 29, 2024	Apr 29, 2024
Issue Open	Apr 30, 2024	Apr 30, 2024
Issue Close	May 03, 2024	May 03, 2024
Basis Of Allotment (Tentative)	May 06, 2024	May 06, 2024
Initiation of Refunds (Tentative)	May 07, 2024	May 07, 2024
Credit of Share (Tentative)	May 07, 2024	May 07, 2024
Listing date (Tentative)	May 08, 2024	May 08, 2024
Anchor Lockin End date 1	Jun 05, 2024	Jun 05, 2024
Anchor Lockin End date 2	Aug 04, 2024	Aug 04, 2024

Financials

Amkay Products IPO P/E ratio is 23.18, as compared to Storage Technologies Racks and Rollers IPO P/E ratio of 48.45.

Amkay Products IPO

Storage Technologies Racks and Rollers IPO

Financial

Amkay Products Limited Financial Information (Restated)

Amkay Products Limited's revenue decreased by -23.22% and profit after tax (PAT) rose by 2.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,887.52	1,563.77	1,580.64	1,393.47
Revenue	2,385.56	2,825.05	3,679.45	4,071.74
Profit After Tax	215.34	151.02	146.71	312.68
Net Worth	986.96	771.62	620.60	473.90
Reserves and Surplus	350.59	743.95	592.93	446.23
Total Borrowing	476.22	469.98	433.59	136.54
Amount in ₹ Lakhs

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,375.77	4,004.01	3,567.70	3,113.04
Revenue	5,317.09	8,137.12	6,989.72	4,852.38
Profit After Tax	358.91	48.30	-20.49	118.42
Net Worth	953.52	594.61	546.31	566.81
Reserves and Surplus	653.52	294.61	246.31	466.81
Total Borrowing	1,632.53	931.63	871.10	347.48
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.89%

100.00%

Promoter Shareholding (Post-Issue)

73.44%

70.09%

P/E Ratio

23.18

48.45

Market Cap

₹47.61 Cr.

ROE

24.49%%

46.37%%

ROCE

21.54%%

22.52%%

Debt/Equity

0.48

EPS

₹2.37

₹11.96

RoNW

21.82%%

37.64%%

Shares Offered

In the Amkay Products IPO retail investors (RII) are offered 7,62,000 shares while in Storage Technologies Racks and Rollers IPO retail investors are offered 7,62,000 shares. Qualified institutional buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 7,28,000 shares in Storage Technologies Racks and Rollers IPO.

	Amkay Products IPO	Storage Technologies Racks and Rollers IPO
Anchor Investor Reserveration	6,50,000 shares	10,89,600 shares
Market Maker Reserveration	1,20,000 shares	2,00,000 shares
QIB	4,34,000 shares	7,28,000 shares
NII	3,26,000 shares	5,47,200 shares
RII	7,62,000 shares	12,75,200 shares
Employee	0 shares	0 shares
Others
Total	15,22,000 shares	25,50,400 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Storage Technologies Racks and Rollers IPO subscribed 278.82x.

	Amkay Products IPO	Storage Technologies Racks and Rollers IPO
QIB (times)	173.04x	117.86x
NII (times)	987.34x	577.02x
Big NII (times)
Small NII (times)
RII (times)	973.14x	242.74x
Employee (times)
Other (times)
Total (times)	748.03x	278.82x

Compare with others

Amkay Products IPO	Storage Technologies Racks and Rollers IPO
TGIF Agribusiness IPO	Refractory Shapes IPO
Refractory Shapes IPO	Winsol Engineers IPO
Winsol Engineers IPO	Slone Infosystems IPO
Slone Infosystems IPO	Sai Swami Metals and Alloys IPO
Sai Swami Metals and Alloys IPO	Amkay Products IPO
Storage Technologies Racks and Rollers IPO	Mandeep Auto Industries IPO
Mandeep Auto Industries IPO	ABS Marine Services IPO
ABS Marine Services IPO	Shivam Chemicals IPO
Shivam Chemicals IPO	Varyaa Creations IPO
Varyaa Creations IPO	Faalcon Concepts IPO

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