Amkay Products IPO vs Storage Technologies IPO

Comparison between Amkay Products IPO and Storage Technologies IPO.

IPO Details

Amkay Products IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Storage Technologies IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Amkay Products IPO is up to ₹11.95 Cr whereas the issue size of the Storage Technologies IPO is up to ₹28.39 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Storage Technologies IPO is ₹78.00 per share.

 Amkay Products IPOStorage Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share₹73.00 per share
Issue Price (Upper)₹55.00 per share₹78.00 per share
Issue Price (Final)₹55.00 per share₹78.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size21,72,000 shares36,40,000 shares
Fresh Issue Size (Amount)up to ₹11.95 Crup to ₹28.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,72,000 shares36,40,000 shares
Issue Size Total (Amount)up to ₹11.95 Crup to ₹28.39 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Storage Technologies IPO opens on Apr 30, 2024. The closing date of Amkay Products IPO and Storage Technologies IPO is May 03, 2024, and May 03, 2024, respectively.

 Amkay Products IPOStorage Technologies IPO
Anchor Bid DateApr 29, 2024Apr 29, 2024
Issue OpenApr 30, 2024Apr 30, 2024
Issue CloseMay 03, 2024May 03, 2024
Basis Of Allotment (Tentative)May 06, 2024May 06, 2024
Initiation of Refunds (Tentative)May 07, 2024May 07, 2024
Credit of Share (Tentative)May 07, 2024May 07, 2024
Listing date (Tentative)May 08, 2024May 08, 2024
Anchor Lockin End date 1Jun 05, 2024Jun 05, 2024
Anchor Lockin End date 2Aug 04, 2024Aug 04, 2024

Financials & KPIs

Amkay Products IPO P/E ratio is 23.18, as compared to Storage Technologies IPO P/E ratio of 48.45.

 Amkay Products IPOStorage Technologies IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets18.8815.6415.8113.93
Total Income23.8628.2536.7940.72
Profit After Tax2.151.511.473.13
NET Worth9.877.726.214.74
Reserves and Surplus3.517.445.934.46
Total Borrowing4.764.704.341.37
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets63.7640.0435.6831.13
Total Income53.1781.3769.9048.52
Profit After Tax3.590.48-0.201.18
NET Worth9.545.955.465.67
Reserves and Surplus6.542.952.464.67
Total Borrowing16.339.328.713.47
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.89100.00
Promoter Shareholding (Post-Issue)73.4470.09
P/E Ratio23.1848.45
Market Cap₹47.61 Cr.
ROE24.49%46.37%
ROCE21.54%22.52%
Debt/Equity0.48
EPS₹2.37₹11.96
RoNW21.82%37.64%

Shares Offered

In the Amkay Products IPO Retail Individual Investors (RII) are offered 7,62,000 shares while in Storage Technologies IPO retail investors are offered 7,62,000 shares. Qualified Institutional Buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 7,28,000 shares in Storage Technologies IPO.

 Amkay Products IPOStorage Technologies IPO
Anchor Investor Reservation6,50,000 shares10,89,600 shares
Market Maker Reservation1,20,000 shares2,00,000 shares
QIB4,34,000 shares7,28,000 shares
NII3,26,000 shares5,47,200 shares
RII7,62,000 shares12,75,200 shares
Employee
Others
Total21,72,000 shares36,40,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Storage Technologies IPO subscribed 278.82x.

 Amkay Products IPOStorage Technologies IPO
QIB (times)173.04x117.86x
NII (times)987.34x577.02x
Big NII (times)
Small NII (times)
RII (times)973.14x242.74x
Employee (times)
Other (times)
Total (times)748.03x278.82x

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