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 Maharashtra. As of December 31, 2023, the company has employed about 75 employees across different levels of the organization.
Amkay Products IPO – Details
| IPO Opening Date | 30 April 2024 |
| IPO Closing Date | 03 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 22,92,000 Shares Worth ₹12.61 Crore Fresh Issue: 22,92,000 Shares Worth ₹12.61 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 – ₹55 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Amkay Products IPO – Date Schedule
| IPO Open Date | 30 April 2024 |
| IPO Close Date | 03 May 2024 |
| Basis of Allotment | 06 May 2024 |
| Initiation of Refund | 07 May 2024 |
| Credit of Shares to Demat Account | 07 May 2024 |
| IPO Listing Date | 08 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 03, 2024 |
Amkay Products IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,10,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,10,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,20,000 |
Competitive Strengths
- Strong portfolio and diverse range of products across consumer preferences.
- Extensive network of dealers covering major parts of India.
- Quality Assurance ensuring standardized product quality.
- Diversified revenue from multiple geographies.
- Experienced Promoter with senior management team having successful track record & industry knowledge.
Company Promoters
- Kashyap Pravin Mody
- Himanshu Kantilal Batavia
Object Of The Issue
- Funding Capital Expenditure towards the installation of additional Machinery;
- To meet working capital requirements; and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 40.71 | 36.54 | 3.12 | 1.36 |
| 31 March 2022 | 36.79 | 34.75 | 1.46 | 4.33 |
| 31 March 2023 | 28.25 | 25.91 | 1.51 | 4.69 |
| 31 October 2023 | 23.85 | 21.09 | 2.15 | 4.76 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.49% |
| ROCE | 21.54% |
| Debt/Equity | 0.48 |
| RoNW | 21.82% |
| P/BV | 3.55 |
| PAT Margin (%) | 9.47 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.37 | 3.32 |
| P/E (x) | 23.18 | 16.58 |
Amkay Products IPO Promoter Holding
| Pre Issue Share Holding | 99.89% |
| Post Issue Share Holding | 73.44% |
Amkay Products IPO Prospectus
Company Contact Information
| Amkay Products Limited Bunglow No. 68, Rashmi Park, CHS Ltd., Dhumal Nagar Waliv Road, Vasai, Thane 401208 Phone: +91-9152094440 Email: cs@amkayproducts.com Website: http://www.amkayproducts.com/ |
Amkay Products IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Amkay Products IPO Lead Manager(s)
| 1. Hem Securities Limited |
Amkay Products IPO FAQs
| What is Amkay Products IPO? Amkay Products IPO is a SME IPO. The issue is priced at ₹52 – ₹55 per equity share. The IPO is to be listed on BSE SME. |
| When Amkay Products IPO will open? The IPO is to open on 30 April 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Amkay Products IPO? You can apply for Amkay Products IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Amkay Products IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Amkay Products”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Amkay Products IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Amkay Products”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Amkay Products IPO Size? Amkay Products IPO size is ₹12.61 crores. |
| What is Amkay Products IPO Price Band? Amkay Products IPO Price Band is ₹52 – ₹55. |
| What is Amkay Products IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,10,000 amount while the maximum bid is 2000 shares with ₹1,10,000. |
| What is the Amkay Products IPO Allotment Date? Amkay Products IPO allotment date is 06 May 2024. |
| What is the Amkay Products IPO Listing Date? Amkay Products IPO listing date is 08 May 2024. The IPO is to list on BSE SME. |
