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Amkay Products IPO vs TGIF Agribusiness IPO

Comparison between Amkay Products IPO and TGIF Agribusiness IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price IPO proposed to list at BSE SME while TGIF Agribusiness IPO is a SME Fixed Price proposed to list at BSE SME.

 Amkay Products IPOTGIF Agribusiness IPO
LogoAmkay Products IPO LogoTGIF Agribusiness IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersHem Securities Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Amkay Products IPO is up to ₹11.95 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.07 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

 Amkay Products IPOTGIF Agribusiness IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹55.00 per share₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size21,72,000 shares6,52,800 shares
Fresh Issue Size (Amount)up to ₹11.95 Crup to ₹6.07 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,72,000 shares6,52,800 shares
Issue Size Total (Amount)up to ₹11.95 Crup to ₹6.07 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Amkay Products IPO and TGIF Agribusiness IPO is May 03, 2024, and May 10, 2024, respectively.

 Amkay Products IPOTGIF Agribusiness IPO
Anchor Bid DateApr 29, 2024
Issue OpenApr 30, 2024May 08, 2024
Issue CloseMay 03, 2024May 10, 2024
Basis Of Allotment (Tentative)May 06, 2024May 13, 2024
Initiation of Refunds (Tentative)May 07, 2024May 14, 2024
Credit of Share (Tentative)May 07, 2024May 14, 2024
Listing date (Tentative)May 08, 2024May 15, 2024
Anchor Lockin End date 1Jun 05, 2024
Anchor Lockin End date 2Aug 04, 2024

Financials & KPIs

Amkay Products IPO P/E ratio is 23.18, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

 Amkay Products IPOTGIF Agribusiness 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)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2.821.880.652.92
Total Income1.722.322.071.82
Profit After Tax0.811.301.150.38
NET Worth1.901.760.462.58
Total Borrowing0.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.89%99.8%
Promoter Shareholding (Post-Issue)73.44%73.28%
P/E Ratio23.1813.58
Market Cap₹47.61 Cr.₹24.06 Cr.
ROE24.49
ROCE21.54
Debt/Equity0.48
EPS₹2.37₹6.85
RoNW21.8242.85

Shares Offered

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

 Amkay Products IPOTGIF Agribusiness IPO
Anchor Investor Reservation6,50,000 shares
Market Maker Reservation1,20,000 shares34,800 shares
QIB4,34,000 shares
NII3,26,000 shares3,26,400 shares
RII7,62,000 shares3,26,400 shares
Total21,72,000 shares6,52,800 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 524.17x in total, whereas TGIF Agribusiness IPO subscribed 34.13x.

 Amkay Products IPOTGIF Agribusiness IPO
QIB (times)173.04x
NII (times)987.34x35.35x
RII (times)973.14x32.92x
Total (times)524.17x34.13x

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Compare:

Amkay Products IPO Vs TGIF Agribusiness IPO