Incorporated in October 2007, Amkay Products Limited is a company that produces and sells a wide range of healthcare products including medical devices, disposables, and other essential items such as face masks, alcohol swabs, lancet needles, nebulizers, pulse oximeters, surgeon caps, and more. Their products are used by healthcare centers, hospitals/clinics, nursing homes, and other such facilities across India.
The company manufactures and markets products such as diapers, plastic gloves, and suction machines.
The company offers over 30 healthcare products, including medical devices for respiratory diseases, surgical disposables, home healthcare products, and others. We manufacture 20 products and brand/trade 10 others.
The manufacturing facility, which occupies an area of about 26000 sq. ft., is fully equipped with machines, a testing lab, and other handling equipment to ensure a smooth process. The company is also accredited under the ISO 9001:2015 standard by QRO Certification LLP for its quality management system.
The company has two manufacturing unit situated in Thane, Maharashtra and a Wearhouse situated in Thane Maharastra.
As of December 31, 2023, the company has employed about 75 employees across different levels of the organization.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding Capital Expenditure towards the installation of additional Machinery; | — |
| To meet working capital requirements; and | — |
| General Corporate Purpose. | — |
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 1,888 | 1,564 | 1,581 |
| Revenue | 2,386 | 2,825 | 3,679 |
| PAT | 215 | 151 | 147 |
| Net Worth | 987 | 772 | 621 |
| Reserves | 351 | 744 | 593 |
| Total Borrowing | 476 | 470 | 434 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,084,000 (47%) | — |
| NII / HNI | — | 326,000 (14%) | — |
| Retail (RII) | — | 762,000 (33%) | — |
| Market Maker | — | 120,000 (5%) | — |
| Total | — | 2,292,000 (100%) | — |
* Amount calculated at upper price band (₹55) · ** Total includes all investor categories
- 1 Initiation of Refund 07 May 2024
- 2 Credit of Shares to Demat 07 May 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 17x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹2 compares to post-issue EPS of ₹3 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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