ABS Marine IPO vs Amkay Products IPO

Comparison between ABS Marine IPO and Amkay Products IPO.

IPO Details

ABS Marine IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Amkay Products IPO is a SME Bookbuilding proposed to list at BSE SME.

	ABS Marine IPO	Amkay Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Hem Securities Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Amkay Products IPO is up to ₹11.95 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Amkay Products IPO is ₹55.00 per share.

	ABS Marine IPO	Amkay Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹140.00 per share	₹52.00 per share
Issue Price (Upper)	₹147.00 per share	₹55.00 per share
Issue Price (Final)	₹147.00 per share	₹55.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	61,40,000 shares	21,72,000 shares
Fresh Issue Size (Amount)	up to ₹90.26 Cr	up to ₹11.95 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	61,40,000 shares	21,72,000 shares
Issue Size Total (Amount)	up to ₹90.26 Cr	up to ₹11.95 Cr

IPO Timetable

ABS Marine IPO opens on May 10, 2024, while Amkay Products IPO opens on Apr 30, 2024. The closing date of ABS Marine IPO and Amkay Products IPO is May 15, 2024, and May 03, 2024, respectively.

	ABS Marine IPO	Amkay Products IPO
Anchor Bid Date	May 09, 2024	Apr 29, 2024
Issue Open	May 10, 2024	Apr 30, 2024
Issue Close	May 15, 2024	May 03, 2024
Basis Of Allotment (Tentative)	May 16, 2024	May 06, 2024
Initiation of Refunds (Tentative)	May 17, 2024	May 07, 2024
Credit of Share (Tentative)	May 17, 2024	May 07, 2024
Listing date (Tentative)	May 21, 2024	May 08, 2024
Anchor Lockin End date 1	Jun 15, 2024	Jun 05, 2024
Anchor Lockin End date 2	Aug 14, 2024	Aug 04, 2024

Financials & KPIs

ABS Marine IPO P/E ratio is 11.23, as compared to Amkay Products IPO P/E ratio of 23.18.

ABS Marine IPO

Amkay Products IPO

Financials

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,480.99	17,552.50	16,663.28
Total Income	13,801.89	11,380.78	8,283.98
Profit After Tax	2,355.41	952.74	809.43
Net Worth	11,717.39	9,352.42	8,370.01
Reserves and Surplus	9,917.39	9,351.42	8,369.01
Total Borrowing	4,567.96	4,866.29	6,114.77
Amount in ₹ Lakhs

Amkay Products Limited Financial Information (Restated)

Amkay Products Limited's revenue decreased by -23.22% and profit after tax (PAT) rose by 2.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,887.52	1,563.77	1,580.64	1,393.47
Total Income	2,385.56	2,825.05	3,679.45	4,071.74
Profit After Tax	215.34	151.02	146.71	312.68
Net Worth	986.96	771.62	620.60	473.90
Reserves and Surplus	350.59	743.95	592.93	446.23
Total Borrowing	476.22	469.98	433.59	136.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50

99.89

Promoter Shareholding (Post-Issue)

63.42

73.44

P/E Ratio

11.23

23.18

Market Cap

₹360.88 Cr.

₹47.61 Cr.

ROE

24.49%

ROCE

18.67%

21.54%

Debt/Equity

0.39

0.48

EPS

₹13.09

₹2.37

RoNW

20.10%

21.82%

Shares Offered

In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Amkay Products IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and 4,34,000 shares in Amkay Products IPO.

	ABS Marine IPO	Amkay Products IPO
Anchor Investor Reserveration	18,41,000 shares	6,50,000 shares
Market Maker Reserveration	4,10,000 shares	1,20,000 shares
QIB	12,28,000 shares	4,34,000 shares
NII	9,22,000 shares	3,26,000 shares
RII	21,49,000 shares	7,62,000 shares
Employee
Others
Total	61,40,000 shares	21,72,000 shares

Bids Received (Subscription)

ABS Marine IPO subscribed 144.44x in total, whereas Amkay Products IPO subscribed 748.03x.

	ABS Marine IPO	Amkay Products IPO
QIB (times)	109.30x	173.04x
NII (times)	270.94x	987.34x
Big NII (times)
Small NII (times)
RII (times)	110.24x	973.14x
Employee (times)
Other (times)
Total (times)	144.44x	748.03x

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