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 Date | Apr 30, 2024 |
IPO Closing Date | May 03, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹52 - 55 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | BSE 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 Date | Apr 30, 2024 |
IPO Close Date | May 03, 2024 |
Basis of Allotment Date | May 06, 2024 |
Initiation of Refunds | May 07, 2024 |
Credit of Shares to Demat Account | May 07, 2024 |
IPO Listing Date | May 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹110000 |
Maximum | 1 | 2000 | ₹110000 |
IPO Promoter Holding
Pre Issue Share Holding | 99.89% |
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:
- Funding Capital Expenditure towards the installation of additional Machinery;
- To meet working capital requirements; and
- 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