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Amkay Products IPO vs Winsol Engineers IPO

Comparison between Amkay Products IPO and Winsol Engineers IPO.

IPO Details

Amkay Products IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Winsol Engineers IPO is a SME Bookbuilding proposed to list at NSE SME.

 Amkay Products IPOWinsol Engineers IPO
LogoAmkay Products IPO LogoWinsol Engineers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerHem Finlease Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor 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 Winsol Engineers IPO is up to ₹22.18 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

 Amkay Products IPOWinsol Engineers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share₹71.00 per share
Issue Price (Upper)₹55.00 per share₹75.00 per share
Issue Price (Final)₹55.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size21,72,000 shares29,56,800 shares
Fresh Issue Size (Amount)up to ₹11.95 Crup to ₹22.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,72,000 shares29,56,800 shares
Issue Size Total (Amount)up to ₹11.95 Crup to ₹22.18 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of Amkay Products IPO and Winsol Engineers IPO is May 03, 2024, and May 09, 2024, respectively.

 Amkay Products IPOWinsol Engineers IPO
Anchor Bid DateApr 29, 2024May 03, 2024
Issue OpenApr 30, 2024May 06, 2024
Issue CloseMay 03, 2024May 09, 2024
Basis Of Allotment (Tentative)May 06, 2024May 10, 2024
Initiation of Refunds (Tentative)May 07, 2024May 13, 2024
Credit of Share (Tentative)May 07, 2024May 13, 2024
Listing date (Tentative)May 08, 2024May 14, 2024
Anchor Lockin End date 1Jun 05, 2024Jun 09, 2024
Anchor Lockin End date 2Aug 04, 2024Aug 08, 2024

Financials & KPIs

Amkay Products IPO P/E ratio is 23.18, as compared to Winsol Engineers IPO P/E ratio of 12.19.

 Amkay Products IPOWinsol Engineers IPO
Financials

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,887.521,563.771,580.641,393.47
Total Income2,385.562,825.053,679.454,071.74
Profit After Tax215.34151.02146.71312.68
Net Worth986.96771.62620.60473.90
Reserves and Surplus350.59743.95592.93446.23
Total Borrowing476.22469.98433.59136.54
Amount in ₹ Lakhs

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,565.342,856.012,764.801,816.83
Total Income5,202.286,544.536,080.002,224.58
Profit After Tax677.26518.07108.4649.44
Net Worth1,527.15873.89343.93238.55
Reserves and Surplus685.15871.89341.93236.55
Total Borrowing846.761,058.84928.90814.49
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.89100.00
Promoter Shareholding (Post-Issue)73.4472.99
P/E Ratio23.1812.19
Market Cap₹47.61 Cr.₹86.51 Cr.
ROE24.49%22.33%
ROCE21.54%11.71%
Debt/Equity0.480.55
EPS₹2.37₹6.15
RoNW21.82%44.35%

Shares Offered

In the Amkay Products IPO Retail Individual Investors (RII) are offered 7,62,000 shares while in Winsol Engineers IPO retail investors are offered 7,62,000 shares. Qualified Institutional Buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 5,93,600 shares in Winsol Engineers IPO.

 Amkay Products IPOWinsol Engineers IPO
Anchor Investor Reserveration6,50,000 shares8,83,200 shares
Market Maker Reserveration1,20,000 shares1,58,400 shares
QIB4,34,000 shares5,93,600 shares
NII3,26,000 shares4,44,800 shares
RII7,62,000 shares10,35,200 shares
Employee
Others
Total21,72,000 shares29,56,800 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Winsol Engineers IPO subscribed 682.14x.

 Amkay Products IPOWinsol Engineers IPO
QIB (times)173.04x207.23x
NII (times)987.34x1,087.81x
Big NII (times)
Small NII (times)
RII (times)973.14x780.15x
Employee (times)
Other (times)
Total (times)748.03x682.14x