Amkay Products IPO

Amkay Products IPO will open for subscription from 30 April 2024. The company aims for an issue size of ₹12.61 Cr through this IPO.

Company Overview

Full nameAmkay Products Limited
IndustryMedical Equipment/Supplies/Accessories
Company Website

About Company

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.

The Objectives of the Issue

  • Funding Capital Expenditure towards the installation of additional Machinery;
  • To meet working capital requirements; and
  • General Corporate Purpose.

Amkay Products IPO Timetable

IPO Opening date30 April 2024
IPO Closing03 May 2024
Basis of Allotment06 May 2024
Initiation Refund07 May 2024
Credit to Demat Account07 May 2024
Listing Date08 May 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 3, 2024)

Amkay Products IPO details

Issue typeBook Built Issue IPO
IPO issue size₹12.61 Cr – 2,292,000 shares
Fresh Issue₹12.61 Cr – 2,292,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹52 to ₹55 per share
Lot size2000 Shares
Market Maker portion120,000 shares
Shareholding pre-issue6,363,640
Shareholding post-issue8,655,640
Listing ExchangeBSE SME

Amkay Products IPO Lot Size

Retail (Min)12000₹110,000
Retail (Max)12000₹110,000
HNI (Min)24,000₹220,000

Amkay Products IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered650,000 (28.36%)
Market Maker Shares Offered120,000 (5.24%)
QIB Shares Offered434,000 (18.94%)
NII (HNI) Shares Offered326,000 (14.22%)
Retail Shares Offered762,000 (33.25%)
Total Shares Offered2,292,000 (100%)

Amkay Products Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income3.131.471.512.15
(Amount in ₹ Crores)

Amkay Products Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio21.94 – 23.21
RONW (%)65.9823.6419.57
ROCE (%)70.7922.8822.61
EBITDA (%)11.257.2811.20

Company Promoters

  • Kashyap Pravin Mody
  • Himanshu Kantilal Batavia.

Promoter Holding

Pre Issue Share Holding99.89%
Post Issue Share Holding73.44%

Amkay Products IPO Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000

Amkay Products Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Amkay Products Contact Details

Bungalow No. 68, Rashmi Park, CHS Ltd., Dhumal Nagar,
Waliv Road, Vasai, Thane 401208, Maharashtra
Phone: +91-9152094440

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.

Final thoughts

Amkay Products IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *