Amkay Products Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 2,000 Shares |
| Total Issue Size | 22,92,000 shares (aggregating up to ₹ 12.61 Cr) |
| Fresh Issue | 22,92,000 shares (aggregating up to ₹ 12.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 63,63,640 |
| Share holding post issue | 86,55,640 |
| Market Maker portion | 1,20,000 shares Hem Finlease |
About Amkay Products Limited IPO
Amkay Products Ltd is a prominent company serving medical professionals, hospitals, and retailers across globe with high-quality & cost-effective in every product. The company draws its strength from skilled and trained staff to achieve the goal of customer satisfaction with every product. In our perspective, immediate response, providing products on time, and honoring committed delivery times are essential elements along with ensuring the quality of products.
At Amkay, we believe in going beyond the traditional ways of doing business. Our goal is to combine our products, resources, and operations with our values to benefit people not just in India but globally. 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 price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. 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.
Objectives of Amkay Products Limited IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Funding Capital Expenditure towards the installation of additional Machinery.
- 2. To meet working capital requirements.
- 3. General Corporate Purpose.
Amkay Products Limited IPO review
The company is in the 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.
Amkay Products Limited IPO Financial Information
Latest Revenue
2,385.56
₹ Crore
Profit After Tax
215.34
₹ Crore
Net Worth
986.96
₹ Crore
Total Borrowing
476.22
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 1,887.52 | 2,385.56 | 215.34 | 986.96 | 476.22 | ||||
| 31 Mar 2023 | 1,563.77 | 2,825.05 | 151.02 | 771.62 | 469.98 | ||||
| 31 Mar 2022 | 1,580.64 | 3,679.45 | 146.71 | 620.60 | 433.59 | ||||
| 31 Mar 2021 | 1,393.47 | 4,071.74 | 312.68 | 473.90 | 136.54 | ||||
| Amount in ₹ Crore | |||||||||
Amkay Products Limited Key Performance Indicator
| 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Download regulatory filings
Amkay Products Limited IPO Timeline
| IPO Open Date | Friday, May 3, 2024 |
| IPO Close Date | Monday, May 6, 2024 |
| Basis of Allotment | Tuesday, May 7, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Wednesday, May 8, 2024 |
| Listing Date | 5 PM on May 3, 2024 |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |