Amkay Products Limited 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 caps, etc. used by healthcare centers, hospitals/clinics, nursing homes etc. widely spread across India. In addition, they are also engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines, etc.
The company started its operations in the year 2008 with the 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 their portfolio & for further product expansion, over the period, they shifted to bigger manufacturing units from where they entered into the branding & trading segment also along with manufacturing. Later in the year 2012, they purchased a manufacturing unit at Acchad Industrial Area, Thane, measuring around 20,000 square feet, where currently they are 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, they took one warehouse on rent at Acchad Industrial Area, for storage of their finished Goods, and then in 2016, they purchased another manufacturing unit at Acchad Industrial Area, Thane, measuring around 6000 square feet, where currently they are manufacturing & supplying Bio Bags.
The company’s product portfolio comprises more than 30 products including Respiratory Disease Related Medical Devices, Surgical Disposables, Home Healthcare Products, and Other Healthcare Products. Presently, they are manufacturing more than 20 products along with Branding & trading of more than 10 products. In the period ending December 31, 2023, fiscal 2023, 2022, and 2021, their revenue from manufacturing operations was Rs. 1836.91 lakhs, Rs. 2224.59 lakhs, Rs. 2255.89 lakhs and Rs. 3020.24 lakhs respectively while their revenue from branding & trading operations was Rs. 437.71 Lakhs, Rs. 561.83 lakhs, 1394.48 lakhs and Rs. 1049.71 lakhs respectively.
Objects of the Issue:
- Funding Capital Expenditure towards installation of additional Machinery
- To meet working capital requirements
- General Corporate Purposes.
Amkay Products IPO Review
- May Apply
Amkay Products IPO Date & Price Band Details
| IPO Open: | April 30, 2024 |
| IPO Close: | May 3, 2024 |
| IPO Size: | Approx ₹12.61 Crores, 2,292,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹52 to ₹55 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Amkay Products IPO Market Lot
The Amkay Products IPO minimum market lot is 2000 shares with a ₹110000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹110,000 |
| Retail Maximum | 1 | 2000 | ₹110,000 |
| S-HNI Minimum | 2 | 4000 | ₹220,000 |
Amkay Products IPO Dates
The Amkay Products IPO date is April 30 and the IPO close date is May 3. The IPO allotment date is May 6 and the IPO might list on May 8.
| IPO Open Date: | April 30, 2024 |
| IPO Close Date: | May 3, 2024 |
| Basis of Allotment: | May 6, 2024 |
| Refunds: | May 7, 2024 |
| Credit to Demat Account: | May 7, 2024 |
| IPO Listing Date: | May 8, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Amkay Products IPO Form
How to apply Amkay Products IPO? You can apply Amkay Products IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Amkay Products IPO in the Invest section. The other option you can apply Amkay Products IPO via IPO forms download via the BSE website. Check out the Amkay Products forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Amkay Products Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹40.72 | ₹36.54 | ₹3.13 |
| 2022 | ₹36.79 | ₹34.76 | ₹1.47 |
| 2023 | ₹28.25 | ₹25.91 | ₹1.51 |
| Dec 2023 | ₹23.86 | ₹21.10 | ₹2.15 |
Amkay Products IPO Valuation – FY2023
Check Amkay Products IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.37 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 19.57% |
| Net Asset Value (NAV): | ₹12.13 per Equity Share |
Peer Group
- Hemant Surgical Industries Limited
- QMS Medical Allied Services Limited
Company Promoters
- Kashyap Pravin Mody
- Hemanshu Kantilal Batavia
Amkay Products IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Amkay Products IPO Allotment Status
Check Amkay Products IPO allotment status on Bigshare website URL. Click Here
Amkay Products IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Amkay Products Limited
Bunglow No. 68,
Rashmi Park, CHS Ltd.
Dhumal Nagar, Waliv Road
Vasai, Thane 401208
Maharashtra, India
Tel No: +91-9152094440
E-mail: [email protected]
Website: www.amkayproducts.com
