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Amkay Products Limited IPO Detail

Amkay Products Limited IPO Detail

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.

Company Promoters

Kashyap Pravin Mody and Himanshu Kantilal Batavia.

IPO Details

IPO Opening DateApr 30, 2024
IPO Closing DateMay 03, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹52 - 55 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size₹12.61 Cr
Fresh Issue₹12.61 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.06x 0.00x 0.00x 37.60x 54.14x 35.18x
Day 2 0.79x 0.00x 0.00x 216.49x 332.51x 213.07x
Day 3 173.04x 0.00x 0.00x 987.34x 973.14x 748.03x

IPO Tentative Timetable

The Amkay Products Limited IPO open date is Apr 30, 2024, and the close date is May 03, 2024. The issue may list on May 08, 2024.

IPO Open DateApr 30, 2024
IPO Close DateMay 03, 2024
Basis of Allotment DateMay 06, 2024
Initiation of RefundsMay 07, 2024
Credit of Shares to Demat AccountMay 07, 2024
IPO Listing DateMay 08, 2024

IPO Lot Size

The Amkay Products Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110000).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹110000
Maximum12000₹110000

IPO Promoter Holding

Pre Issue Share Holding99.89%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1393.47 4071.74 312.68
31-Mar-22 1580.64 3679.45 146.71
31-Mar-23 1563.77 2825.05 151.02
31-Dec-23 1887.52 2385.56 215.34

Objects of the Issue:

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; and
  3. General Corporate Purpose.

Amkay Products Limited IPO Registrar:

Bigshare Services Pvt Ltd

Amkay Products Limited IPO Lead Manager(s):

Hem Securities Limited

Company Contact Information:

Amkay Products Limited

Bunglow No. 68, Rashmi Park,

CHS Ltd., Dhumal Nagar

Waliv Road, Vasai, Thane 401208