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 opens for subscription on April 30, 2024 and closes on May 3, 2024. The allotment for the Amkay Products IPO is expected to be finalized on Monday, May 6, 2024. Amkay Products IPO will list on BSE SME with tentative listing date fixed as Wednesday, 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.
Amkay Products IPO Details
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | [.] |
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Amkay Products IPO Timeline (Tentative Schedule)
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 |
Amkay Products IPO Lot Size
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 | |||
Amkay Products IPO Promoter Holding
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% |
About Amkay Products Limited
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 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 | ||||
Key Performance Indicator
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 |
Check Amkay Products IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.37 | 3.32 |
| P/E (x) | 23.18 | 16.58 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Amkay Products IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Funding Capital Expenditure towards the installation of additional Machinery;
- To meet working capital requirements; and
- General Corporate Purpose.
Amkay Products Limited Contact Details
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/
Amkay Products IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html