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Amkay Products Limited IPO

Amkay Products Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
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Listed Price: ₹ 104.50 (+90.00%)

Following its successful public offering, Amkay Products Limited's made its market debut on 08-05-2024 and is now actively traded on the BSEplatform. The IPO mobilized 22,92,000 Shares in total capital, including 22,92,000 Shares in primary equity infusion.

The offering was structured with a price band of ₹52 to ₹55 and minimum investment lots of 2000 shares. Investor participation during the subscription window from 30-04-2024 to 03-05-2024 demonstrated market confidence in the company's prospects.

The allotment process concluded on 06-05-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Amkay Products IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Amkay Products IPO Key Performance Indicator
Company Financials ( In Lakhs )

Amkay Products IPO About Company

Founded in October 2007, Amkay Products Limited is a well-known name in India’s healthcare industry, manufacturing and supplying a wide range of medical products. Their offerings include medical devices like nebulizers and pulse oximeters, as well as disposable essentials such as face masks and alcohol swabs. Amkay’s 26,000 sq. ft. manufacturing facility in Thane, Maharashtra, is equipped with advanced machinery, a modern testing lab, and efficient handling equipment, ensuring smooth and high-quality production. The company’s strong focus on quality has earned it ISO 9001:2015 certification from QRO Certification LLP. As of December 31, 2023, Amkay employs 75 dedicated professionals, reflecting its commitment to building a skilled workforce. Despite the ever-changing healthcare landscape, the company remains focused on innovation, quality, and customer satisfaction, playing a key role in meeting healthcare needs across India.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Amkay Products IPO Strength Factors

  1. Strict Quality Assurance: Amkay maintains strong quality management systems, supported by ISO 9001:2015 certification, ensuring consistent, reliable products that build customer and stakeholder confidence.
  2. Diversified Revenue Streams: With operations spread across multiple regions, Amkay benefits from varied market exposure, reducing dependence on any single market and improving resilience against economic fluctuations.
  3. Experienced Leadership: Guided by seasoned industry professionals, Amkay’s leadership brings deep expertise and a successful track record, enabling the company to overcome challenges and capture new growth opportunities.


Amkay Products IPO Risk Factors

  1. Falling Revenue Trends: The decline in revenue over the past two years raises concerns about Amkay’s ability to remain profitable and competitive amid industry and economic changes.
  2. History of Financial Challenges: Negative cash flows from operations, investments, and financing indicate potential liquidity issues that could affect day-to-day stability and limit future growth initiatives.
  3. Possibility of Continued Losses: Ongoing losses or sustained negative cash flow may make it difficult for Amkay to meet debt obligations, fund expansion, or preserve shareholder value, potentially reducing investor confidence and complicating future fundraising efforts.

Amkay Products IPO Lead Manager(s)

  • Hem Securities Limited

Amkay Products IPO Promoter(s)

  1. Kashyap Pravin Mody
  2. Himanshu Kantilal Batavia

Amkay Products IPO Company Details

Amkay Products Limited
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address:

Amkay Products IPO Registrar

Bigshare Services Private Limited
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Amkay Products IPO FAQs