Bookbuilding IPO | ₹13 Cr | Listed at BSE SME | Tue, Apr 30, 2024 - Fri, May 3, 2024
Amkay Products IPO is a book build issue of ₹12.61 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹12.61 crore.
Amkay Products IPO bidding started from Apr 30, 2024 and ended on May 3, 2024. The allotment for Amkay Products IPO was finalized on May 6, 2024. The shares got listed on BSE SME on May 8, 2024.
Amkay Products IPO price band is set at ₹55 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,10,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Amkay Products IPO RHP for detailed Information.
IPO Open
Tue, Apr 30, 2024
IPO Close
Fri, May 3, 2024
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹47.61 Cr
| IPO Date | 30 Apr to 3 May, 2024 |
| Listed on | Wed, May 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,92,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 1,20,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.6600 Cr) |
| Fresh Issue (Ex Market Maker) | 21,72,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 21,72,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 63,63,640 shares |
| Share Holding Post Issue | 86,55,640 shares |
| BSE Script Code | 544169 |
| ISIN | INE0QSB01016 |
Amkay Products IPO comprises a total issue size of 22,92,000 shares. The net offer to the public is 21,72,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 10,84,000 (49.91%) are allocated to QIB, 3,26,000 (15.01%) allocated to NII 7,62,000 (35.08%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,84,000 | 49.91% | 47.29% |
| − Anchor Investor Shares Offered | 6,50,000 | 28.36% | |
| − QIB (Ex. Anchor) Shares Offered | 4,34,000 | 18.94% | |
| NII (HNI) Shares Offered | 3,26,000 | 15.01% | 14.22% |
| Retail Shares Offered | 7,62,000 | 35.08% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.24% | |
| Total Shares Offered | 22,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Amkay Products IPO raises ₹3.58 crore from anchor investors. Amkay Products IPO Anchor bid date is April 29, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Apr 29, 2024 |
| Shares Offered | 6,50,000 |
| Anchor Portion (₹ Cr.) | 3.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jun 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 4, 2024 |
Incorporated in October 2007, Amkay Products Limited is a company that produces and sells a wide range of healthcare products including medical devices, disposables, and other essential items such as face masks, alcohol swabs, lancet needles, nebulizers, pulse oximeters, surgeon caps, and more. Their products are used by healthcare centers, hospitals/clinics, nursing homes, and other such facilities across India.
The company manufactures and markets products such as diapers, plastic gloves, and suction machines.
The company offers over 30 healthcare products, including medical devices for respiratory diseases, surgical disposables, home healthcare products, and others. We manufacture 20 products and brand/trade 10 others.
The manufacturing facility, which occupies an area of about 26000 sq. ft., is fully equipped with machines, a testing lab, and other handling equipment to ensure a smooth process. The company is also accredited under the ISO 9001:2015 standard by QRO Certification LLP for its quality management system.
The company has two manufacturing unit situated in Thane, Maharashtra and a Wearhouse situated in Thane Maharastra.
As of December 31, 2023, the company has employed about 75 employees across different levels of the organization.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 18.88 | 15.64 | 15.81 | 13.93 |
| Total Income | 23.86 | 28.25 | 36.79 | 40.72 |
| Profit After Tax | 2.15 | 1.51 | 1.47 | 3.13 |
| NET Worth | 9.87 | 7.72 | 6.21 | 4.74 |
| Reserves and Surplus | 3.51 | 7.44 | 5.93 | 4.46 |
| Total Borrowing | 4.76 | 4.70 | 4.34 | 1.37 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional Machinery | 0.50 |
| 2 | To meet working capital requirements | 8.00 |
| 3 | General Corporate Purpose | 2.59 |
| KPI | Dec 31, 2024 |
|---|---|
| ROE | 24.49% |
| ROCE | 21.54% |
| Debt/Equity | 0.48 |
| RoNW | 21.82% |
| PAT Margin | 9.47% |
| Price to Book Value | 3.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.37 | 3.32 |
| P/E (x) | 23.18 | 16.58 |
| Promoter Holding | 99.89% | 73.44% |
| Market Cap | ₹47.61 Cr. |
The Amkay Products IPO is subscribed 748.03 times on May 3, 2024 7:02:04 PM (Day 3). The public issue subscribed 973.14 times in the retail category, 173.04 times in the QIB category, and 987.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 173.04 | 4,34,000 | 7,50,98,000 |
| NII* | 987.34 | 3,26,000 | 32,18,74,000 |
| Retail | 973.14 | 7,62,000 | 74,15,30,000 |
| Total | 748.03 | 15,22,000 | 1,13,85,02,000 |
Total Application : 5,10,613
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.12 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.08 |
| 7 | Others, if any (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, depositories, secretarial, advisors, consultancy, peer review auditors, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 0.98 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹104.50 |
| Low | ₹104.50 |
| High | ₹109.72 |
| Last Trade | ₹109.72 |
Lead Manager Reports
Amkay Products IPO is a SME IPO of 22,92,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Apr 30, 2024, and closes on Fri, May 3, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Amkay Products IPO using UPI as a payment gateway. Zerodha customers can apply in Amkay Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Amkay Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Amkay Products IPO opens on Tue, Apr 30, 2024 and closes on Fri, May 3, 2024.
Amkay Products IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Amkay Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Amkay Products IPO will be done on Monday, May 6, 2024, and the allotted shares will be credited to your demat account by Tue, May 7, 2024. Check the Amkay Products IPO allotment status.
The Amkay Products IPO listing date is on Wed, May 8, 2024.
