Amkay Products IPO Review

 
Amkay Products IPO Review

IPO Open Date: April 30, 2024

IPO Close Date: May 3, 2024

IPO Price: ₹52 to ₹55 per share

Lot Size: 2000 Shares

Listing: May 08, 2024

Amkay Products is scheduled to hit the market on April 30, 2024 and close on May 03, 2024. Amkay Products plans to raise around ₹12.61 Cr through an IPO with a sale of up to 2,292,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Amkay Products Limited, established in October 2007, specializes in the production and distribution of a diverse range of healthcare essentials, from medical devices to disposables. Their extensive product line includes items like face masks, alcohol swabs, lancet needles, nebulizers, pulse oximeters, and surgeon caps, catering to various healthcare facilities throughout India. With a portfolio of over 30 healthcare products, the company both manufactures 20 items in-house and trades another 10 under its own brand.

Operating from a well-equipped manufacturing facility spanning 26,000 sq. ft. in Thane, Maharashtra, Amkay Products Limited adheres to the ISO 9001:2015 standard for quality management. Additionally, the company boasts two manufacturing units and a warehouse in Thane, Maharashtra. As of December 31, 2023, the company has a workforce of approximately 75 employees spread across different organizational levels, ensuring the smooth production and distribution of their healthcare essentials.

Amkay Products



Amkay Products IPO Details

Amkay Products IPO opens on April 30, 2024, and closes on May 03, 2024. The Listing date for Amkay Products IPO is on May 08, 2024. The price band for IPO is ₹52 to ₹55 per share and lot size of 2000 Shares.

IPO DateApril 30, 2024 to May 03, 2024
Listing DateMay 08, 2024
Price₹52 to ₹55 per share
Lot Size2000 Shares
Issue Size₹12.61 Cr
Face Value₹10 per share

Amkay Products IPO Tentative Timetable

Amkay Products opening date is April 30, 2024 and close date is May 03, 2024. The IPO allotment date is May 06, 2024. The refund initiation of IPO is on May 07, 2024. The credit of shares in demat account is on May 07, 2024. The listing date is on May 08, 2024.

EventDate
IPO OpeningApril 30, 2024
IPO ClosingMay 03, 2024
IPO Allotment DateMay 06, 2024
Refund InitiationMay 07, 2024
Shares Credit to DematMay 07, 2024
Lisiting DateMay 08, 2024

Amkay Products IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹110,000
Retail(Maximum)12000₹110,000
HNI (Minimum)24000₹220,000

Amkay Products IPO Promoter Holding

Pre Issue Share Holding99.89%
Post Issue Share Holding73.44%

Amkay Products IPO Review

Amkay Products Ltd. (APL) is set to launch its maiden book building route IPO, aiming to raise Rs. 12.61 crore by offering 2,292,000 equity shares in the price range of Rs. 52 to Rs. 55 per share. The company, engaged in manufacturing and marketing medical devices and healthcare products, has shown growth in its financial performance over the years. However, there are concerns regarding the company's inconsistent top-line growth from FY21 to FY23, indicating some challenges ahead.

The IPO proceeds will be utilized for various purposes including installation of additional machinery and working capital. With a post-IPO market cap of around Rs. 47.61 crore, Amkay Products Ltd. aims to expand its operations and strengthen its market presence. Investors should carefully consider the company's financial ratios, such as P/E and P/BV, before making investment decisions. Despite the competitive nature of the medical device segment, well-informed investors with a long-term perspective may find potential in APL for moderate returns.

In conclusion, Amkay Products Ltd.'s IPO presents an opportunity for investors to participate in a company operating in the healthcare sector with a diverse product portfolio. While the company's financial performance has shown some inconsistencies in recent years, its growth potential cannot be overlooked. Investors willing to bear the risks associated with the competitive market landscape may find value in allocating funds to APL for the medium to long term. It is advisable for investors to conduct thorough research and seek advice from financial experts before subscribing to this IPO.

Amkay Products IPO Subscription Status (Bidding Details)

Table not found

Amkay Products IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Amkay Products IPO FAQs

What is Amkay Products IPO?

Amkay Products is issuing 2,292,000 equity shares with a face value of ₹10 each, totaling up to ₹12.61 Cr. The shares are being offered at a price of ₹52 to ₹55 each, with a minimum order quantity of 2000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Amkay Products IPO will open?

Amkay Products will open on April 30, 2024 for QIB, NII, and Retail Investors.

When Amkay Products IPO will end?

Amkay Products will end on May 03, 2024.

What is Amkay Products IPO Size?

Amkay Products IPO size is 12.61 Cr.

What is Amkay Products IPO Price Band?

Amkay Products price band is ₹52 to ₹55 per share.

What is the Amkay Products IPO Allotment Date?

Amkay Products allotment date is May 06, 2024.

What is the Amkay Products IPO Listing Date?

Amkay Products listing date is May 08, 2024. The IPO is to be listed on BSE and NSE.

How to Amkay Products IPO through Zerodha?

To apply for the IPO “Amkay Products” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Amkay Products IPO through Upstox?

To apply for the IPO “Amkay Products” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Amkay Products IPO Allotment Status?

For Amkay Products IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Amkay Products IPO GMP?

You can check out here: Amkay Products IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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