Amkay Products IPO vs TGIF Agribusiness IPO

Comparision between Amkay Products IPO and TGIF Agribusiness IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Amkay Products IPO	TGIF Agribusiness IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

	Amkay Products IPO	TGIF Agribusiness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹55.00 per share
Issue Price (Final)	₹55.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	22,92,000 shares	6,87,600 shares
Fresh Issue Size (Amount)	up to ₹12.61 Cr	up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,92,000 shares	6,87,600 shares
Issue Size Total (Amount)	up to ₹12.61 Cr	up to ₹6.39 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Amkay Products IPO and TGIF Agribusiness IPO is May 03, 2024, and May 10, 2024, respectively.

	Amkay Products IPO	TGIF Agribusiness IPO
Anchor Bid Date	Apr 29, 2024
Issue Open	Apr 30, 2024	May 08, 2024
Issue Close	May 03, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 06, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 07, 2024	May 14, 2024
Credit of Share (Tentative)	May 07, 2024	May 14, 2024
Listing date (Tentative)	May 08, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 05, 2024
Anchor Lockin End date 2	Aug 04, 2024

Financials

Amkay Products IPO P/E ratio is 23.18, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

Amkay Products IPO

TGIF Agribusiness 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

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	282.32	187.52	65.33	291.62
Revenue	171.79	232.28	207.14	181.59
Profit After Tax	81.41	130.07	115.48	38.18
Net Worth	190.00	175.89	45.82	257.91
Total Borrowing	67.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.89%

99.80%

Promoter Shareholding (Post-Issue)

73.44%

73.28%

P/E Ratio

23.18

13.58

Market Cap

₹47.61 Cr.

₹24.06 Cr.

ROE

24.49%%

ROCE

21.54%%

Debt/Equity

0.48

EPS

₹2.37

₹6.85

RoNW

21.82%%

42.85%

Shares Offered

In the Amkay Products IPO retail investors (RII) are offered 7,62,000 shares while in TGIF Agribusiness IPO retail investors are offered 7,62,000 shares. Qualified institutional buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 0 shares in TGIF Agribusiness IPO.

	Amkay Products IPO	TGIF Agribusiness IPO
Anchor Investor Reserveration	6,50,000 shares
Market Maker Reserveration	1,20,000 shares	34,800 shares
QIB	4,34,000 shares	0 shares
NII	3,26,000 shares	3,26,400 shares
RII	7,62,000 shares	3,26,400 shares
Employee	0 shares	0 shares
Others
Total	15,22,000 shares	6,52,800 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

	Amkay Products IPO	TGIF Agribusiness IPO
QIB (times)	173.04x
NII (times)	987.34x	35.35x
Big NII (times)
Small NII (times)
RII (times)	973.14x	32.92x
Employee (times)
Other (times)
Total (times)	748.03x	37.13x

Compare with others

Amkay Products IPO	TGIF Agribusiness IPO
TGIF Agribusiness IPO	Indian Emulsifier IPO
Refractory Shapes IPO	Aztec Fluids & Machinery IPO
Winsol Engineers IPO	Premier Roadlines IPO
Slone Infosystems IPO	Silkflex Polymers IPO
Sai Swami Metals and Alloys IPO	Energy Mission Machineries IPO
Storage Technologies Racks and Rollers IPO	Refractory Shapes IPO
Mandeep Auto Industries IPO	Winsol Engineers IPO
ABS Marine Services IPO	Slone Infosystems IPO
Shivam Chemicals IPO	Sai Swami Metals and Alloys IPO
Varyaa Creations IPO	Amkay Products IPO

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