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Amkay Products IPO is a book built issue of Rs 12.61 crores. The issue is entirely a fresh issue of 22.92 lakh shares.
Amkay Products IPO bidding started from April 30, 2024 and ended on May 3, 2024. The allotment for Amkay Products IPO was finalized on Monday, May 6, 2024. The shares got listed on BSE SME on May 8, 2024.
Amkay Products IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
Hem Securities Limited is the book running lead manager of the Amkay Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Amkay Products IPO is Hem Finlease.
Refer to Amkay Products IPO RHP for detailed information.
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | May 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,292,000 shares (aggregating up to ₹12.61 Cr) |
| Fresh Issue | 2,292,000 shares (aggregating up to ₹12.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,363,640 |
| Share holding post issue | 8,655,640 |
| Market Maker portion | 120,000 shares Hem Finlease |
Amkay Products IPO offers 2,292,000 shares. 434,000 (18.94%) to QIB, 326,000 (14.22%) to NII, 762,000 (33.25%) to RII and 650,000 (28.36%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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 IPO raises Rs 3.58 crore from anchor investors. Amkay Products IPO Anchor bid date is April 29, 2024. Amkay Products IPO Anchor Investors list
| Bid Date | April 29, 2024 |
| Shares Offered | 650,000 |
| Anchor Portion Size (In Cr.) | 3.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 4, 2024 |
Amkay Products IPO opens on April 30, 2024, and closes on May 3, 2024.
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Friday, May 3, 2024 |
| Basis of Allotment | Monday, May 6, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Tuesday, May 7, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
| Lot Size Calculator | |||
The Promoters of the company are Kashyap Pravin Mody and Himanshu Kantilal Batavia.
| Share Holding Pre Issue | 99.89% |
| Share Holding Post Issue | 73.44% |
Incorporated in October 2007, Amkay Products Limited is a company that produces and sells a wide range of healthcare products including medical devices, disposables, and other essential items such as face masks, alcohol swabs, lancet needles, nebulizers, pulse oximeters, surgeon caps, and more. Their products are used by healthcare centers, hospitals/clinics, nursing homes, and other such facilities across India.
The company manufactures and markets products such as diapers, plastic gloves, and suction machines.
The company offers over 30 healthcare products, including medical devices for respiratory diseases, surgical disposables, home healthcare products, and others. We manufacture 20 products and brand/trade 10 others.
The manufacturing facility, which occupies an area of about 26000 sq. ft., is fully equipped with machines, a testing lab, and other handling equipment to ensure a smooth process. The company is also accredited under the ISO 9001:2015 standard by QRO Certification LLP for its quality management system.
The company has two manufacturing unit situated in Thane, Maharashtra and a Wearhouse situated in Thane Maharastra.
As of December 31, 2023, the company has employed about 75 employees across different levels of the organization.
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 | ||||
The market capitalization of Amkay Products IPO is Rs 47.61 Cr.
KPI as of December 31, 2024.
| KPI | Values |
|---|---|
| ROE | 24.49% |
| ROCE | 21.54% |
| Debt/Equity | 0.48 |
| RoNW | 21.82% |
| P/BV | 3.55 |
| PAT Margin (%) | 9.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.37 | 3.32 |
| P/E (x) | 23.18 | 16.58 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is in medical device segment, which is not only overcrowded, but also on the verge of saturation point. It’s a highly competitive and fragmented segment post covid. Based on FY24 annualized earnings, the issue is fully priced discounting all near term positives. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards. Read detail review...
The Amkay Products IPO is subscribed 748.03 times on May 3, 2024 7:02:04 PM. The public issue subscribed 973.14 times in the retail category, 173.04 times in the QIB category, and 987.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 173.04 |
| NII | 987.34 |
| Retail | 973.14 |
| Total | 748.03 |
Total Application : 510,613 (1,340.19 times)
| Listing Date | May 8, 2024 |
| BSE Script Code | 544169 |
| NSE Symbol | |
| ISIN | INE0QSB01016 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹55.00 |
| ₹104.50 |
| ₹104.50 |
| ₹109.72 |
| ₹109.72 |
Amkay Products Limited
Bunglow No. 68, Rashmi Park,
CHS Ltd., Dhumal Nagar
Waliv Road, Vasai, Thane 401208
Phone: +91-9152094440
Email: cs@amkayproducts.com
Website: http://www.amkayproducts.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Amkay Products IPO is a SME IPO of 2,292,000 equity shares of the face value of ₹10 aggregating up to ₹12.61 Crores. The issue is priced at ₹52 to ₹55 per share. The minimum order quantity is 2000 Shares.
The IPO opens on April 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.
Zerodha customers can apply online in Amkay Products IPO using UPI as a payment gateway. Zerodha customers can apply in Amkay Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Amkay Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Amkay Products IPO opens on April 30, 2024 and closes on May 3, 2024.
Amkay Products IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
You can apply in Amkay Products IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Amkay Products IPO will be done on Monday, May 6, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 7, 2024. Check the Amkay Products IPO allotment status.
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