Amkay Products Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Amkay Products Ltd IPO

Amkay Products Ltd 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, the company is also engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines etc.

Amkay Products Ltd IPO Details

Total Shares Offered

₹ 22,92,000

Offer to Public

TBA

Retail Max (Shares)

₹ 7,62,000

Pre Issue Promoters Holding

₹ 38,30,880

Exchange

BSE

Issue size

₹ 12.61 Cr

IPO Open Date

Apr 30, 2024

Close Date

May 3, 2024

Lot Size

2000

Min Investment

₹ 1,04,000

Issue Type

Book Building - SME

Listing Date

May 8, 2024

Amkay Products Ltd IPO Dates

Apr 30, 2024

Opening date

May 3, 2024

Closing date

May 6, 2024

Basis of Allotment

May 7, 2024

Initiation of Refunds

May 7, 2024

Credit of Shares

May 8, 2024

Listing date

Details

Sector	Type
Sector	Healthcare
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	1084000
NII	0x	326000
Retail	0x	762000
Employee	0x	0
Total	0x	2292000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1084000

326000

762000

2292000

Amkay Products Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	5.13	4.06	2.92
EBITDA	5.96	4.62	3.61
PAT	3.34	2.63	1.55
Total Assets	17.42	11.70	8.67
Share Capital	8.66	6.36	0.28
Total Borrowings	2.76	3.23	3.45
Operating Activities (Net Cash)	4.17	3.19	2.24
Investing Activities (Net Cash)	6.73	2.57	3.62
Financing Activities (Net Cash)	2.76	3.23	3.45
Net Cashflow	1.54	0.11	0.05

About Amkay Products Ltd

Amkay Products Limited was originally incorporated as Amkay Products Private Limited on October 25, 2007 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai with CIN U51397MH2007PTC175403. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on August 02, 2023, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from Amkay Products Private Limited to Amkay Products Limited vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated August 28, 2023, issued by the Registrar of Companies, Maharashtra, Mumbai bearing CIN U51397MH2007PLC175403.

The medical devices sector in India comprises large multinationals, small and midsized companies. The size of the Indian medical devices market is estimated at Rs. 90,000 Crore (US$ 11 billion) in 2022 and is expected to grow to US$ 50 billion by 2030 with a CAGR of 16.4%. The Indian medical device market share in the global market is estimated to be 1.65%. India is the 4th largest Asian medical devices market after Japan, China, and South Korea, and among the top 20 medical devices markets globally.

Peer Comparison:

Hemant Surgical Industries Ltd
QMS Medical Allied Services Ltd

Amkay Products Ltd Key Points

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.

Risk

The company generate its major portion of revenue from certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.

The company depends on third parties to manufacture some of its products. If these organizations are unable or unwilling to manufacture its products, or if these organizations fail to comply with other applicable regulations or otherwise fail to meet its requirements, will adversely affect the company business.

The company face risk relating to sourcing of raw materials and components for manufacturing and assembly of its medical devices and disposables from third parties. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.

Strategy

Continue to improve quality standards.

Global and geographical presence.

Enhancing branding, promotional and digital activities.

Continue to strive for cost efficiency & invest in capital expenditure.

How To Apply for Amkay Products Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Amkay Products Ltd IPO?

Amkay Products Ltd's IPO offers shares for up to 12.61 It begins on Apr 30, 2024 and ends on May 3, 2024.

What is the price of the Amkay Products Ltd IPO?

The price of Amkay Products Ltd IPO ranges between ₹52 to ₹55 per share.

What are the open and close dates for the Amkay Products Ltd IPO?

The Amkay Products Ltd IPO opens on Apr 30, 2024 and closes on May 3, 2024.

When will the Amkay Products Ltd IPO be allotted?

The allotment for the Amkay Products Ltd IPO will be finalised on May 6, 2024. The shares will be listed on BSE and NSE on May 8, 2024.

What is the minimum lot size required for Amkay Products Ltd IPO?

The minimum lot size for Amkay Products Ltd IPO is 2000 shares, priced between ₹52 to ₹55 per share.

What is the GMP of Amkay Products Ltd IPO?

The GMP (Grey Market Premium) of Amkay Products Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Amkay Products Ltd IPO?

To check the allotment status of Amkay Products Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Amkay Products Ltd IPO getting listed?

The Amkay Products Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Apr 30, 2024, and closes on May 3, 2024. The allotment is finalised on May 6, 2024.

How do you apply for the Amkay Products Ltd IPO?

To apply for the Amkay Products Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.