Amkay Products Ltd IPO
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Amkay Products Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 22.92 L | TBA | ₹ 7.62 L | ₹ 38.31 L | BSE | ₹ 12.61 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Apr, 24 | 03 May, 24 | 2000 | ₹ 1,04,000 | Book Building - SME | 08 May, 24 |
Amkay Products Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 69.28x | 1084000 | 75098000 |
| NII | 987.71x | 326000 | 321994000 |
| Retail | 973.14x | 762000 | 741530000 |
| Employee | 0x | 0 | 0 |
| Total | 496.78x | 2292000 | 1138622000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Amkay Products Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.06 | 2.92 | 2.57 |
| EBITDA | 4.62 | 3.61 | 3.11 |
| PAT | 2.63 | 1.55 | 1.47 |
| Total Assets | 11.69 | 8.67 | 8.63 |
| Share Capital | 6.36 | 0.28 | 0.28 |
| Total Borrowings | 5.19 | 3.45 | 2.83 |
| Operating Activities (Net Cash) | 3.19 | 2.24 | 2.01 |
| Investing Activities (Net Cash) | 3.23 | 3.62 | 2.79 |
| Financing Activities (Net Cash) | 5.19 | 3.45 | 2.83 |
| Net Cashflow | 0.11 | 0.05 | 0.20 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Hemant Surgical Industries Ltd
- QMS Medical Allied Services Ltd
Amkay Products Ltd IPO 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.
- 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.
How To Apply for Amkay Products Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.