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Amkay Products IPO vs Varyaa Creations IPO

Comparison between Amkay Products IPO and Varyaa Creations IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price IPO proposed to list at BSE SME while Varyaa Creations IPO is a SME Fixed Price proposed to list at BSE SME.

 Amkay Products IPOVaryaa Creations IPO
LogoAmkay Products IPO LogoVaryaa Creations IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersHem Securities Ltd.Inventure Merchant Banker Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Svcm Securities 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 Varyaa Creations IPO is up to ₹19.05 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

 Amkay Products IPOVaryaa Creations 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₹150.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size21,72,000 shares12,70,000 shares
Fresh Issue Size (Amount)up to ₹11.95 Crup to ₹19.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,72,000 shares12,70,000 shares
Issue Size Total (Amount)up to ₹11.95 Crup to ₹19.05 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Amkay Products IPO and Varyaa Creations IPO is May 03, 2024, and Apr 25, 2024, respectively.

 Amkay Products IPOVaryaa Creations IPO
Anchor Bid DateApr 29, 2024
Issue OpenApr 30, 2024Apr 22, 2024
Issue CloseMay 03, 2024Apr 25, 2024
Basis Of Allotment (Tentative)May 06, 2024Apr 26, 2024
Initiation of Refunds (Tentative)May 07, 2024Apr 29, 2024
Credit of Share (Tentative)May 07, 2024Apr 29, 2024
Listing date (Tentative)May 08, 2024Apr 30, 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 Varyaa Creations IPO P/E ratio of 65.56.

 Amkay Products IPOVaryaa Creations 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 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets10.4920.011.442.18
Total Income17.625.382.530.12
Profit After Tax3.510.790.58-0.13
NET Worth4.110.59-0.19-0.77
Reserves and Surplus0.660.44-0.34-0.92
Total Borrowing0.452.84
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.89%100%
Promoter Shareholding (Post-Issue)73.44%72.02%
P/E Ratio23.1865.56
Market Cap₹47.61 Cr.₹71.85 Cr.
ROE24.4985.52
ROCE21.54114.57
Debt/Equity0.48
EPS₹2.37₹2.29
RoNW21.8285.52

Shares Offered

In the Amkay Products IPO Retail Individual Investors (RII) are offered 7,62,000 shares while in Varyaa Creations 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 Varyaa Creations IPO.

 Amkay Products IPOVaryaa Creations IPO
Anchor Investor Reservation6,50,000 shares
Market Maker Reservation1,20,000 shares70,000 shares
QIB4,34,000 shares
NII3,26,000 shares6,35,000 shares
RII7,62,000 shares6,35,000 shares
Total21,72,000 shares12,70,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 524.17x in total, whereas Varyaa Creations IPO subscribed 3.58x.

 Amkay Products IPOVaryaa Creations IPO
QIB (times)173.04x
NII (times)987.34x1.08x
RII (times)973.14x6.08x
Total (times)524.17x3.58x

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Compare:

Amkay Products IPO Vs Varyaa Creations IPO