Amkay Products IPO
The initial public offering (IPO) of Amkay Products will open for subscription on April 30 and close on May 03, comprising fresh issues of Rs.12.61 Crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on May 08, 2024.
#1. Quick Intro to Amkay Products
Amkay Products Limited (2007) is engaged in manufacturing, assemble & market a comprehensive portfolio of medical devices, disposables and other Healthcare Products like Face Mask, Alcohol Swabs, Lancet Needles, Nebulizer, Pulse Oximeter, surgeon caps etc. used by healthcare centres, hospitals/clinics, nursing homes etc. widely spread across India. In addition, the company is also engaged in branding and marketing some of the products like Diapers, Plastic Gloves, Suction Machines etc.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Amkay Products
The company intends to use the IPO Funds for the following purposes:
- Capital Investment towards the installation of additional machinery
- To meet the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. Amkay Products Core Strengths
- Strong portfolio and diverse range of products
- Extensive Network of dealers
- Quality assurance ensures standardised product quality
- Experienced promoters supported by the senior management team
#4. Amkay Products IPO Review & Rating
| Issue Size | Rs.12.61 Crore |
| Issue Price | Rs.52-55 per share |
| Minimum Lot Size | 2000 Shares |
| Total Profit (Latest) | Rs.215.34 Lakhs |
| ROE | 24.49% |
| ROCE (%) | 21.54% |
| Listing on | BSE SME |
| IPO Deliver Rating | Two |
#5. Amkay Products IPO Dates, Price Band & Details
Amkay Products IPO will open on April 30, 2024, and close on May 03, 2024. The IPO is to be listed on May 08, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.12.61 Crore |
| Price Brand | Rs.52-55 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | April 30, 2024 |
| IPO Close Date | May 03, 2024 |
| IPO Allotment Date | May 06, 2024 |
| Refund Date | May 07, 2024 |
| Share Credit Date | May 07, 2024 |
| Listing Date | May 08, 2024 |
#6. Amkay Products IPO Offer Details
Amkay Products IPO’s total issue size is 22,92,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 22,92000 | 12.61 |
| Offer for Sale (OFS) | – | – |
#7. Amkay Products Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period December 31, 2023, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Dec 31, 2023 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 238.56 | 2825.05 | 3679.45 |
| Net Worth | 986.96 | 771.62 | 620.60 |
| Profit | 215.34 | 151.02 | 146.71 |
| Total Borrowings | 476.22 | 469.98 | 433.59 |
#8. Amkay Products Quantitative Factors
The following table sets forth the summary of financial information of the company for the period December 31, 2023, 2023, March 31, 2023 and March 31, 2022.
| Category | Dec 31, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 3.38 | 2.37 | 2.31 |
| RoNW (%) | 21.82 | 19.57 | 23.64 |
| NAV (Rs.) | 15.51 | 12.13 | 9.75 |
#9. Amkay Products Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | EPS(Rs.) |
| Hemant Surgical Ind. | 11149.68 | 32.42 | 10.28 |
| QMS Medical Allied | 10478.19 | 9.06 | 3.90 |
#10. Amkay Products Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Kashyap Pravin Mody |
| 02. | Hemanshu Kant Ilal Batwavia |
#11. Amkay Products Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 99.89 |
| Post-issue | 73.44 |
#12. Amkay Products IPO Reservation Details
Amkay Products IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
#13. Amkay Products IPO – Lot Size
An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 2000 | 1,10,000 |
| Retail (Max.) | 1 | 2000 | 1,10,000 |
| HNI (Min.) | 2 | 4000 | 2,20,000 |
#14. Amkay Products IPO – Prospectus Copy
An investor can download/view the Amkay Products prospectus copy, which the company filed to exchange, details are as follows.
| Amkay Products IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Amkay Products IPO Registrar
Bigshare Services Private Limited
Website: www.bigshareonline.com
#16. Amkay Products IPO Lead Managers
Hem Securities Limited
Website; www.hemsecurities.com
#17. Amkay Products IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Amkay Products IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Amkay Products Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Amkay Products Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Amkay Products Company Details
Amkay Products Limited
Registered Office: Bungalow No.68, Rashmi Park, CHS Ltd, Dhumal Nagar, Waliv Road, Vasai, Thane-401208
Email:cs@amkayproducts.com
Website: www.amkayproducts.com
Investor Grievances/Compliance Officer: Krishna Rathi
#19. Amkay Products Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Amkay Products Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Kashyap Pravin Mody |
| 02. | Hemanshu Kant Ilal Batwavia |
Amkay Products IPO – Frequently Asked Questions (FAQs)
| #1. What is an Amkay Products IPO?
Amkay Products brings its IPO of Rs. 12.61 Crore, on April 30, 2024, with a price band of Rs.73-78 per share. |
| #2. What is the Amkay Products IPO Open date?
Amkay Products IPO’s opening date is April 30, 2024. |
| #3. What is the Amkay Products IPO Close Date?
Amkay Products IPO’s closing date is May 03, 2024. |
| #4. What is the Amkay Products IPO Listing date?
Amkay Products’s IPO listing date is May 08, 2024. |
| #5. What is the Amkay Products IPO Minimum investment amount?
Amkay Products IPO’s minimum investment amount is Rs. 1,10,000. |
| #6. What is the Amkay Products IPO offer issue Size?
Amkay Products offers an issue size of Rs.12.61 Crore. |
| #7. What is the Amkay Products IPO Price Band?
Amkay Products’s IPO price band is Rs.52-55 per share. |
| #8. Is Amkay Products IPO mainboard IPO or SME IPO?
Amkay Products IPO is an SME IPO. |
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