May 8, 2024
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Amkay Products IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Amkay Products IPO Post Listing Review:
Listed at Rs. 104.50, premium of 90% over the issue price of Rs. 55. The listing has been much above the expectations of the grey market players.
What is the last GMP of Amkay Products IPO?*
Premium: Rs.62
Subject to Rs. 94200
Check Subscription status of Amkay Products IPO
On 3 May 2024 @ 5.00 (Day 3) (Closed)
Review: Impressive response on Day 3
QIB: 1086000 Shares 173.04 T
NII: 325800 Shares 987.34 T
RII: 760200 Shares 973.14 T
Total: 2172000 Shares 748.03 T
What is the business of Amkay Products ?
Amkay Products manufactures, assembles & markets a comprehensive portfolio of medical devices, disposables and other Healthcare Products like Face Mask, Alcohol Swabs, Lancet Needles, Nebulizer, Pulse Oximeter, surgeon cap etc. used by healthcare centers, hospitals/clinics, nursing homes etc. widely spread across India. In addition, it is also engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines etc.
The company started its operations in year 2008 with manufacturing and supply of one product in a manufacturing unit taken on rent at Vasai in Mumbai, measuring 980 sq. feet. Gradually, more products were added to its portfolio & for further product expansion, over the period, we shifted to bigger manufacturing units from where it entered into branding & trading segment also along with manufacturing. Later in year 2012, it purchased manufacturing unit at Acchad Industrial Area, Thane, measuring around 20,000 square feet, where currently it is manufacturing & supplying products like Face Mask, Alcohol Swab, Nebulizer Mask, Surgeon/Bouffant Cap, Steel/Plastic Lancet, Air Bed, Apron, Digital Thermometer, Shoe Cover, BP Monitor etc. In 2014, it took one warehouse on rent at Acchad Industrial Area, for storage of our finished Goods and then in 2016, it purchased another manufacturing unit at Acchad Industrial Area, Thane, measuring around 6000 square feet, where currently it is manufacturing & supplying Bio Bags.
The company’s product portfolio comprises of more than 30 product including Respiratory Disease Related Medical Devices, Surgical Disposables, Home Healthcare Products and Other Healthcare Products. Presently, it is manufacturing more than 20 products along with Branding & trading of more than 10 products.
Get more information about the company @ http://www.amkayproducts.com/
| Amkay Products IPO Details | |
| IPO opens on | 30 April 2024 |
| IPO closes on | 3 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2292000 Sh /Rs 12.61 Cr |
| * Fresh Issue | 2292000 Sh /Rs 12.61 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 120000 Sh. |
| Net offer to Public | 2172000 Sh./Rs.11.92 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs.52-55 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
| Shares offered in Amkay Products IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1086000 | 5.97 |
| NII (15%) | 325800 | 1.79 |
| RII (35%) | 760200 | 4.19 |
| Total Shares | 2172000 | 11.95 |
| Retail portion will be oversubscribed by | 380 | |
| Forms | ||
| How much Shares to Apply in Amkay Products IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 110000 |
| Min HNI Application | 4000 Sh | Rs.220000 |
Who are the Promoters of Amkay Products IPO?
The Promoters of the company are Kashyap Pravin Mody and Himanshu Kantilal Batavia.
What are the Objects of Amkay Products IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intends to utilize the proceeds of the Issue to meet the following objectives:
Funding Capital Expenditure towards the installation of additional Machinery;
To meet working capital requirements; and
General Corporate Purpose.
| Amkay Products IPO Tentative timetable | |
| IPO opens on | 30 April 2024 |
| IPO Closes on | 3 May 2024 |
| IPO Allotment on | 6 May 2024 |
| Refund Initiation | 7 May 2024 |
| Credit of Shares | 7 May 2024 |
| Listing on | 8 May 2024 |
| Registered Office of the Company Amkay Products Limited Bunglow No. 68, Rashmi Park, CHS Ltd., Dhumal Nagar Waliv Road, Vasai, Thane 401208 |
| Who is the Lead Manager of Amkay Products IPO? Hem Securities Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Amkay Products IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 40.72 | 3.13 | 4.91 | 65.98 |
| 2021-22 | 36.79 | 1.47 | 2.31 | 23.64 |
| 2022-23 | 28.25 | 1.51 | 2.37 | 19.57 |
| Book Value of the Share on | 31.03.2023 | Rs 12.13 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 55.00 | |||
| Amkay Products IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 23.21 |
| Price/BV Ratio | 4.53 |
| Upper price/BV after IPO | ? |
How Amkay Products IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Amkay Products | 10 | 28.25 23.21 | |
| Hemant Surgicals | 10 | 111.49 | 16.96 |
| QMS Medical & Allied | 10 | 104.78 | 35.00 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Amkay Products IPO To the point Guidance
Mandeep Auto Industries started operations with two offshore vessel management and as of the date of December 31, 2023, it has 5 owned vessels comprising of 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector It has one long term chartered specialized
multipurpose offshore vessel serving the Oil & Gas Sector.
Size: The net offer is of Rs. 23.97 Crore/3578000 shares. Retail portion is Rs. 11.98 crore and it can get one time subscribed with 895 applications. Though the size of the IPO is somewhat large, over subscription may not be an issue.
Financial Snapshot: The company has taken over running business of one of the promoters on 30 August 2023. So, for analysis of the profitability, we have to profits of the sole proprietary business into account. The Sole proprietorship business earned net profit of Rs. 104.91 lacs during 2022-23 and Rs. 77.50 lacs in the five months-period ended on 31 August 2023. The company has issued bonus shares on 31 August 2023 and hence the equity shares capital stands at 6569184 shares. To arrive at earnings per share, we have considered bonus shares and accordingly, the EPS comes to Rs. 2.78 for the year 2022-23. The shares are offered at Rs 67. So, we can assume PE ratio of 24.10. Compare the same with peer group companies. Small listing gains is possible. May Apply.
Quicklinks
Amkay Products IPO GMP today details?
Amkay Products IPO
Amkay Products IPO FAQs
What is Amkay Products IPO?
Amkay Products is a SME IPO of 2292000 equity shares of the face value of Rs. 10 aggregating up to Rs.12.61 Crores. The issue is priced at Rs.52-55 per share. The minimum order quantity is 2000 Shares.
When will Amkay Products IPO open?
Amkay Products IPO opens on April 30, 2024, and closes on May 3, 2024.
What is the lot size of Amkay Products IPO?
Amkay Products IPO lot size is 2000 Shares, and the minimum amount required is Rs.11000.
How to apply for Amkay Products IPO?
You can apply in Amkay Products IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Amkay Products IPO allotment?
The finalization of Basis of Allotment for Amkay Products IPO will be done on May 6, 2024, and the allotted shares will be credited to your demat account by May 7, 2024.
When is Amkay Products IPO listing date?
Amkay Products IPO listing date is May 8, 2024.
