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Amkay Products IPO Overview
You are at right place to check all the details regarding Amkay Products IPO. The dates for Amkay Products IPO is announced. The IPO will open on April 30, 2024 and will close on May 03, 2024 .
The Amkay Products IPO price band is fixed at ₹52 to ₹55 Per Share. The company aims to to raise around ₹12.61 Crores via this IPO. You can find complete information about Amkay Products IPO in this post.
The Amkay Products IPO lot size for the application is 2000 shares and hence minimum amount that you would need for this IPO (by retail investors) is ₹110,000.
About Amkay Products IPO:
Amkay Products Limited manufactures, assembles & markets 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 centers, hospitals/clinics, nursing homes etc. widely spread across India. In addition, they are also engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines, etc.
The company started its operations in the year 2008 with the manufacturing and supply of one product in a manufacturing unit taken on rent at Vasai in Mumbai, measuring 980 sq.feet. Gradually, more products were added to their portfolio & for further product expansion, over the period, they shifted to bigger manufacturing units from where they entered into the branding & trading segment also along with manufacturing.
Later in the year 2012, they purchased a manufacturing unit at Acchad Industrial Area, Thane, measuring around 20,000 square feet, where currently they are manufacturing & supplying products like Face Mask, Alcohol Swab, Nebulizer Mask, Surgeon/Bouffant Cap, Steel/Plastic Lancet, Air Bed, Apron, Digital Thermometer, Shoe Cover, BP Monitor, etc.
In 2014, they took one warehouse on rent at Acchad Industrial Area, for storage of their finished Goods, and then in 2016, they purchased another manufacturing unit at Acchad Industrial Area, Thane, measuring around 6000 square feet, where currently they are manufacturing & supplying Bio Bags.
The company’s product portfolio comprises more than 30 products including Respiratory Disease Related Medical Devices, Surgical Disposables, Home Healthcare Products, and Other Healthcare Products. Presently, they are manufacturing more than 20 products along with Branding & trading of more than 10 products. In the period ending December 31, 2023, fiscal 2023, 2022, and 2021, their revenue from manufacturing operations was Rs. 1836.91 lakhs, Rs. 2224.59 lakhs, Rs. 2255.89 lakhs and Rs. 3020.24 lakhs respectively while their revenue from branding & trading operations was Rs. 437.71 Lakhs, Rs. 561.83 lakhs, 1394.48 lakhs and Rs. 1049.71 lakhs respectively.
Objects of the Issue
- Funding Capital Expenditure towards installation of additional Machinery
- To meet working capital requirements
- General Corporate Purposes.
Amkay Products IPO Review (Apply or Not?)
You may consider applying for Amkay Products IPO
Amkay Products IPO Brokrage House Reviews:
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Amkay Products IPO Date & Price Band Details
| IPO Open: | April 30, 2024 |
| IPO Close: | May 03, 2024 |
| IPO Size: | ₹12.61 Crores |
| Fresh Issue: | 2,292,000 shares |
| Face Value: | Rs10 Per Equity Share |
| IPO Price Band: | ₹52 to ₹55 Per Share |
| IPO Lot Size | 2000 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 33.25% |
| QIB Quota: | 19.01% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Amkay Products IPO Market Lot
The Amkay Products IPO minimum market lot is 2000 shares which is equal to ₹110,000 application amount. The retail investors can apply up-to 1 lot with 2000 shares which is equal to ₹110,000
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 2000 | ₹110,000 |
| Retail Maximum | 1 | 2000 | ₹110,000 |
| S-HNI Minimum | 2 | 2400 | ₹110,000 |
Amkay Products IPO Allotment & Listing Dates
The Amkay ProductsIPO open date is April 30, 2024 and the close date is May 03, 2024 . The Amkay Products IPO allotment will be finalized on May 6, 2024 and the IPO listing on May 08, 2024.
You can check out the live subscription data by visiting this page and similarly visit IPO allotment status page for allotment updates.
| IPO Open Date: | April 30, 2024 |
| IPO Close Date: | May 03, 2024 |
| Basis of Allotment: | May 08, 2024 |
| Refunds: | May 07, 2024 |
| Credit to Demat Account: | May 07, 2024 |
| IPO Listing Date: | May 08, 2024 |
Amkay Products Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹40.72 | ₹36.54 | ₹3.13 |
| 2022 | ₹36.79 | ₹34.76 | ₹1.47 |
| 2023 | ₹28.25 | ₹25.91 | ₹1.51 |
Amkay Products IPO Valuation
Below is the financial details of Amkay Products for the year FY2023.
| Earning Per Share (EPS): | ₹2.37 per Equity Share |
| P/E Ratio: | – |
| Return on Net Worth (RoNW): | 19.57% |
| Debt/Equity: | ₹12.13 per Equity Share |
Company Promoters:
- Kashyap Pravin Mody
- Hemanshu Kantilal Batavia
Competitor Companies:
- Hemant Surgical Industries Limited
- QMS Medical Allied Services Limited
Amkay Products IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com
Amkay Products IPO Lead Managers
- Hem Securities Limited
Amkay Products IPO Allotment Status Check
Allotment status of Amkay Products IPO can be checked on Bigshare website : Click here
Company Address of Amkay Products :
Amkay Products Limited
Bunglow No. 68,
Rashmi Park, CHS Ltd.
Dhumal Nagar, Waliv Road
Vasai, Thane 401208
Maharashtra, India
Tel No: +91-9152094440
cs@amkayproducts.com
Website: www.amkayproducts.com
Amkay Products IPO FAQs:
Q1) What is Amkay Products IPO?
Answer: Amkay Products IPO is Initial Public Offer from Amkay Products company. The company is planning to raise ₹12.61 Crores via this IPO. The share price is priced at band of ₹52 to ₹55 per equity share. The IPO will be listed on BSE & NSE.
Q2) When Amkay Products IPO will open and close?
Answer: The IPO is to open on April 30, 2024 for QIB, NII, and Retail Investors and closes on 03 May, 2024
Q3) What is Amkay Products IPO Investors Portion?
Answer: The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4) What is the Amkay Products IPO Allotment Date?
Answer: Amkay Products IPO allotment date is May 06, 2024.
Q5) What is the Amkay Products IPO Listing Date?
Answer: Amkay Products IPO listing date is May 08, 2024. The IPO is to list on BSE and NSE.
Q6) How to Apply the Amkay Products IPO through Zerodha?
Answer: You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Amkay Products ”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.