Amkay Products IPO Details | GMP, Date, Price, Review

Amkay Products IPO Details ( Amkay Products Limited IPO Review )

(30 Apr 2024 – 3 May 2024)

Established in October 2007, Amkay Products Limited specializes in crafting and distributing a variety of healthcare essentials. From medical devices to disposables, like face masks and alcohol swabs, to items such as nebulizers and pulse oximeters, our range serves healthcare centers, hospitals, clinics, and nursing homes throughout India.

Our offerings extend to a diverse array of products, including diapers, plastic gloves, and suction machines.

With a catalogue boasting over 30 healthcare essentials, spanning from respiratory aids to surgical disposables and home healthcare items, we proudly manufacture 20 of these and curate another 10 under our brand.

Nestled within a spacious 26,000 sq. ft. manufacturing facility, equipped with cutting-edge machinery and a meticulous testing lab, our operations run seamlessly. Accredited under the ISO 9001:2015 standard by QRO Certification LLP, our commitment to quality is paramount.

Situated in Thane, Maharashtra, our two manufacturing units and warehouse contribute to our operational prowess.

As of December 31, 2023, our dedicated team comprises approximately 75 employees, working across various levels within the organization.

Amkay Products Limited Company Product

1. Plastic Lancet
2. Rubber Gloves
3. Face Mask
4. Alcohol SWAB
5. Nebulizer
6. Steel Lancet
7. Cap – Group (Surgeon, Bouffant)
8. Diaper
9. Amkay Hot Bag
10. Amkay Air Bed
11. Other

Amkay Products Limited IPO Competitive Strength

• Strong portfolio and diverse range of products across consumer preferences
• Extensive network of dealers covering major parts of India
• Quality Assurance ensuring standardized product quality
• Diversified revenue from multiple geographies
• Experienced Promoter with senior management team having successful track record & industry knowledge

Amkay Products IPO Financials Performance ( Results )

Amkay Products Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	1,393.47	4,071.74	312.68	473.90	446.23	136.54
31-Mar-22	1,580.64	3,679.45	146.71	620.60	592.93	433.59
31-Mar-23	1,563.77	2,825.05	151.02	771.62	743.95	469.98
31-Dec-23	1,887.52	2,385.56	215.34	986.96	350.59	476.22

Objective of Amkay Products IPO Issue

• Funding Capital Expenditure towards the installation of additional Machinery;
• To meet working capital requirements; and
• General Corporate Purpose.

Amkay Products IPO Basic Details

IPO Date	Apr 30, 2024 to May 3, 2024
Listing Date	Wednesday, May 8, 2024
Face Value	₹10 per share
Price	₹52 to ₹55 per share
Lot Size	2000 Shares
Issue Size	2,292,000 shares of ₹10 (aggregating up to ₹12.61 Cr)
Fresh Issue	2,292,000 shares of ₹10 (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
Company Promoters	Kashyap Pravin Mody and Himanshu Kantilal Batavia

Amkay Products IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue

Amkay IPO Timetable

Amkay IPO will open on April 30, 2024 and close on May 3, 2024. You can join Amkay IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	30 April 2024 (Tuesday)
Closing Date	3 May 2024 (Friday)
Basis of Allotment	6 May 2024 (Monday)
Initiation of Refunds	7 May 2024 (Tuesday)
Credit of Shares to Demat	7 May 2024 (Tuesday)
Listing Date	8 May 2024 (Wednesday)
Deadline for UPI mandate confirmation	5 PM on 3 May 2024

Amkay Products IPO Lot Size

For retail investors in Amkay Products IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹110,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹110,000.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹110,000
Retail (Max)	1	2000	₹110,000
S-HNI (Min)	2	4000	₹220,000

Amkay Products IPO Promoter Holding

The company’s promoters include Kashyap Pravin Mody and Himanshu Kantilal Batavia.

Pre Issue Share Holding	99.89%
Post Issue Share Holding

Amkay Products Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	47.61
Earning Per Share (EPS)	₹2.37 per Equity Share
Net Asset Value (NAV)	₹12.13 per Equity Share
P/E Ratio (P/E) (x)	23.18
Post P/E Ratio (P/E) (x)	16.58
Return on Net Worth (RoNW) (%)	21.82
Return on equity (ROE) (%)	24.49
Return on Capital Employed (ROCE) (%)	21.54
Debt/Equity Ratio	0.48
Price/Book Value Ratio	3.55

Amkay Products IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹0	–	–
23 April 2024	₹0	–	–

Amkay Products IPO Detail Video:

Amkay Products IPO Subscription Status (Bidding Detail)

The Amkay Products IPO on May 3, 2024 at 7:00:00 PM was subscribed 748.03 times, with the retail category being subscribed 973.14 times, the NII (Non-Institutional Investor) category being subscribed 987.34 times, QIB (Qualified-Institutional Buyers) category being subscribed 173.04 times.

Category	Subscription
QIB	173.04x
NII	987.34x
Retail	973.14x
Total	748.03x

Amkay Products IPO Prospectus

Amkay Products IPO DRHP

Download

Amkay Products IPO Rating

Our Rating

2.5/5.0

Amkay Products Company Contact Information

Amkay Products Limited

Registered Office: Bunglow No. 68, Rashmi Park, CHS Ltd., Dhumal Nagar, Waliv Road, Vasai, Thane 401208, Maharashtra, India.
Tel No: +91-9152094440
E-mail: cs@amkayproducts.com
Website: www.amkayproducts.com
Contact Person: Krishna Rathi, Company Secretary & Compliance Officer
Promoters of our Company: Kashyap Pravin Mody and Hemanshu Kantilal Batavia

Amkay Products IPO Registrar

Bigshare Services Private Limited

Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India.
Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com;
Investor Grievance Email: investor@bigshareonline.com;
Website: www.bigshareonline.com
Contact Person: Vinayak Morbale
SEBI Registration Number: MB/INR000001385
CIN: U99999MH1994PTC076534

Amkay Products IPO Lead Manager

Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India.
Tel. No.: +91- 22- 4906 0000;
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Ajay Jain
SEBI Registration Number: INM000010981
CIN: U67120RJ1995PLC010390

Amkay Products IPO FAQs