The IPO details for Amkay Products are confirmed: The IPO is set to open on April 30 and close on May 3. Amkay Products, a BSE SME IPO, aims to raise ₹12.61 crores through the IPO. The price band for the Amkay Products IPO is set at ₹52 to ₹55 per share, with a market lot of 2000 shares.
Amkay Products Limited is involved in manufacturing, assembling, and marketing a wide range of medical devices, disposables, and healthcare products such as face masks, alcohol swabs, lancet needles, nebulizers, pulse oximeters, surgeon caps, and more. These products are utilized by various healthcare facilities including hospitals, clinics, nursing homes, etc., throughout India. Additionally, the company is engaged in branding and marketing certain products like diapers, plastic gloves, suction machines, etc.
Established in 2008, the company initially operated from a rented manufacturing unit in Vasai, Mumbai, spanning 980 square feet. Over time, they expanded their product portfolio and operations, eventually shifting to larger manufacturing units. In 2012, they purchased a manufacturing unit in Acchad Industrial Area, Thane, covering around 20,000 square feet. Here, they manufacture and supply a range of products including face masks, alcohol swabs, nebulizer masks, surgeon/bouffant caps, lancets, air beds, aprons, digital thermometers, shoe covers, BP monitors, etc. Additionally, in 2016, they acquired another manufacturing unit in Acchad Industrial Area, Thane, measuring approximately 6,000 square feet, where they produce bio bags.
Their product portfolio includes over 30 items, encompassing respiratory disease-related medical devices, surgical disposables, home healthcare products, and other healthcare items. Currently, they manufacture more than 20 products and engage in branding and trading of over 10 products. In terms of revenue, their manufacturing operations generated Rs. 1836.91 lakhs, Rs. 2224.59 lakhs, Rs. 2255.89 lakhs, and Rs. 3020.24 lakhs in fiscal years 2023, 2022, and 2021, respectively. Revenue from branding and trading operations amounted to Rs. 437.71 lakhs, Rs. 561.83 lakhs, Rs. 1394.48 lakhs, and Rs. 1049.71 lakhs for the same periods.
IPO Date | April 30, 2024 to May 3, 2024 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price Band | ₹52 to ₹55 per share |
Lot Size | 2000 Shares |
Total Issue Size | 2,292,000 shares (aggregating up to ₹12.61 Cr) |
Fresh Issue | 2,292,000 shares (aggregating up to ₹12.61 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 6,363,640 |
Share holding post issue | 8,655,640 |
Market Maker portion | 120,000 shares |
IPO Open Date | Tuesday, April 30, 2024 |
IPO Close Date | Friday, May 3, 2024 |
Basis of Allotment | Monday, May 6, 2024 |
Initiation of Refunds | Tuesday, May 7, 2024 |
Credit of Shares to Demat | Tuesday, May 7, 2024 |
Listing Date | Wednesday, May 8, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2024 |
KPI | Values |
---|---|
ROE | 24.49% |
ROCE | 21.54% |
Debt/Equity | 0.48 |
RoNW | 21.82% |
P/BV | 3.55 |
PAT Margin (%) | 9.47% |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
Amkay Products Limited’s revenue decreased by -23.22% and profit after tax (PAT) rose by 2.94% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 1,887.52 | 1,563.77 | 1,580.64 | 1,393.47 |
Revenue | 2,385.56 | 2,825.05 | 3,679.45 | 4,071.74 |
Profit After Tax | 215.34 | 151.02 | 146.71 | 312.68 |
Net Worth | 986.96 | 771.62 | 620.60 | 473.90 |
Reserves and Surplus | 350.59 | 743.95 | 592.93 | 446.23 |
Total Borrowing | 476.22 | 469.98 | 433.59 | 136.54 |
Amount in ₹ Lakhs |
₹ 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 |