Amkay Products Limited IPO : Important Updates

Amkay Products Limited IPO is set to launch on 30 April, 2024. The company initiated its business operations in the year 2007. It deals with various medical products. The product portfolio of the company includes disposables, medical devices, alcohol swabs, face masks, nebulizers, lancet needles, surgeon caps, pulse oximeters, etc. It also manufactures plastic gloves, diapers, suction machines etc. The company offers more than 30 healthcare products such as home healthcare products, respiratory devices, surgical disposables, etc. The Company has 2 manufacturing facilities located in Maharashtra. It has an employee base of 75 people.

Amkay Products Limited IPO DETAILS

Amkay Products Limited IPO is set to launch on 30 April, 2024. The subscription timeline extends till 3 May, 2024. The size for the IPO is 12.61 Crore Rs. Shares issued through fresh issue mode are worth Rs 12.61 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 52 Rs to 55 Rs per share. The company is going to get listed on BSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Amkay Products Limited IPO

IPO OPENING DATE	30 April, 2024
CLOSING DATE FOR IPO	3 May, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	52 Rs to 55 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	12.61 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	12.61 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	8 May, 2024

Amkay Products Limited IPO : IMPORTANT DATES

IPO OPENING DATE	30 April, 2024
CLOSING DATE FOR IPO	3 May, 2024
IPO ALLOTMENT DATE	6 May, 2024
REFUNDS	7 May, 2024
DEMAT A/C CREDITED ON	7 May, 2024
IPO LISTING DATE	8 May, 2024

Amkay Products Limited IPO begins for subscription from 30 April, 2024. The IPO subscription would continue till 3 May, 2024. The allotment status for the shareholders who applied would come on 6 May, 2024. The refunds for the ones who did not get allotment would be initiated on 7 May, 2024. The DEMAT accounts of shareholders would be credited on 7 May, 2024. The listing of the company would be completed on 8 May, 2024.

Amkay Products Limited IPO : Lead Managers

The lead managers are :

• Hem Securities Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 110000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 22000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	110000 Rs.
Maximum	4000 shares	220000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	1393	1580	1563
Revenue	4071	3679	2825
PAT	312	146	151

Amkay Products Limited had an asset base of 1393 Lakh Rs in 2021. This increased to 1580 Lakh Rs in 2022. The asset base of the company decreased to 1563 Lakh Rs in 2023. The revenue of the company was 4071 Lakh Rs in 2021 which decreased to 3679 Lakh Rs in 2022. The revenue of the company further decreased to 2825 Lakh Rs in 2023. The profit of the company was 312 Lakh Rs in 2021. This decreased to 146 Lakh Rs in 2022. The profit of the company increased to 151 Lakh Rs in 2023 in comparison to 2022.

PROS

• The product portfolio of the company includes disposables, medical devices, alcohol swabs, face masks, nebulizers, lancet needles, surgeon caps, pulse oximeters, etc.
• It also manufactures plastic gloves, diapers, suction machines etc.
• The company offers more than 30 healthcare products such as home healthcare products, respiratory devices, surgical disposables, etc.
• The Company has 2 manufacturing facilities located in Maharashtra.
• It has an employee base of 75 people.

Amkay Products Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.