Amkay Products IPO description – Incorporated in 2007, the company manufactures, assembles, and markets a wide range of medical devices, disposables, and other healthcare products such as face masks, alcohol swabs, lancet needles, nebulizers, pulse oximeters, surgeon caps, and more. These products are used in healthcare centers, hospitals, clinics, nursing homes, and other facilities throughout India. Additionally, Amkay Products is involved in branding and marketing other items such as diapers, plastic gloves, and suction machines.
The company’s product portfolio includes over 30 products encompassing respiratory disease-related medical devices, surgical disposables, home healthcare products, and other healthcare items. Currently, the company manufactures more than 20 products and is involved in the branding and trading of over 10 additional products.
Last year, Amkay began selling its products online through e-commerce platforms such as Flipkart, Amazon, Medika Bazar, and Netmed. For the period ending 31 December 2023, and fiscal year 2022-23, the company generated total online sales of INR 1.86 lakh and INR 3.99 lakh, respectively, through these e-commerce platforms.
The company operates two manufacturing units and a warehouse located in Thane, Maharashtra. Amkay exports a small portion of its products to countries such as Bhutan, Nepal, and Qatar. As of 31 December 2023, the company employs approximately 75 employees at various levels within the organization.
Promoters of Amkay Products – Kashyap Pravin Mody, and Hemanshu Kantilal Batavia
Table of Contents
Amkay Products IPO Details
| Amkay Products IPO Dates | 30 Apr – 3 May 2024 |
| Amkay Products Issue Price | INR 52 – 55 per share |
| Fresh issue | 2,292,000 shares (INR 11.92 – 12.61 crore) |
| Offer For Sale | NIL |
| Total IPO size | 2,292,000 shares (INR 11.92 – 12.61 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 110,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Amkay Products Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 40.70 | 36.50 | 27.86 | 22.75 |
| Expenses | 36.54 | 34.76 | 25.91 | 21.10 |
| Net income | 3.13 | 1.47 | 1.51 | 2.15 |
Amkay Products Offer News
- Amkay Products RHP
- Amkay Products Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Amkay Products Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.91 | 2.31 | 2.37 |
| PE ratio | – | – | 21.94 – 23.21 |
| RONW (%) | 65.98 | 23.64 | 19.57 |
| NAV | 7.45 | 9.75 | 12.13 |
| ROCE (%) | 70.79 | 22.88 | 22.61 |
| EBITDA (%) | 11.25 | 7.28 | 11.20 |
| Debt/Equity | 0.29 | 0.70 | 0.61 |
Amkay Products IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 7 May 2024 | 64 | – | 90,000 |
| 6 May 2024 | 62 | – | 87,000 |
| 4 May 2024 | 55 | – | 75,000 |
| 3 May 2024 | 48 | – | 65,000 |
| 2 May 2024 | 40 | – | 55,000 |
| 1 May 2024 | 30 | – | 42,500 |
| 30 April 2024 | 25 | – | 33,000 |
| 29 April 2024 | 25 | 31,000 |
Amkay Products IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 434,000 | 446,000 | 762,000 | 1,642,000 |
| 3 May 2024 | 173.04 | 721.96 | 973.14 | 693.44 |
| 2 May 2024 | 0.79 | 158.57 | 332.90 | 197.77 |
| 30 Apr 2024 | 0.06 | 27.48 | 54.14 | 32.61 |
The above calculations do not include the market maker reservation portion of 120,000 shares.
Amkay Products IPO Allotment Status
Amkay Products IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Amkay Products IPO Dates & Listing Performance
| IPO Opening Date | 30 April 2024 |
| IPO Closing Date | 3 May 2024 |
| Finalization of Basis of Allotment | 6 May 2024 |
| Initiation of refunds | 7 May 2024 |
| Transfer of shares to demat accounts | 7 May 2024 |
| IPO Listing Date | 8 May 2024 |
| Opening Price on BSE SME | INR 104.50 per share (up 90%) |
| Closing Price on BSE SME | INR 109.72 per share (up 99.49%) |
Amkay Products Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Amkay Products Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Amkay Products IPO Contact Details
AMKAY PRODUCTS LIMITED
Bungalow No. 68, Rashmi Park, CHS Ltd., Dhumal Nagar,
Waliv Road, Vasai, Thane 401208, Maharashtra
Phone: +91-9152094440
E-mail: [email protected]
Website: www.amkayproducts.com
IPO FAQs
What is the Amkay Products offer size?
Amkay Products’ offer size is INR 11.92 – 12.61 crores.
What is the Amkay Products IPO price band?
Amkay Products public offer price is INR 52 – 55 per share.
What is the lot size of the Amkay Products IPO?
Amkay Products offer lot size is 2,000 shares.
What are Amkay Products IPO GMP today?
Amkay Products IPO GMP today is INR 64 per share.
What is the Amkay Products kostak rate today?
Amkay Products kostak rate today is INR NA per application.
What are Amkay Products Subject to the Sauda rate today?
Amkay Products are Subject to the Sauda rate today is INR 90,000 per application.
