Amkay Products Limited IPO GMP Today, Price Range and Company Details

Amkay Products' IPO is set for April 30 to May 3, 2024, and features a price band of ₹52 to ₹55 per share and a ₹25 Grey Market Premium. Each lot consists of 2000 shares.
Amkay Products Limited IPO GMP Today, Price Range and Company Details

As of April 29, 2024, Amkay Products’s IPO has ₹25 as Grey Market Premium, with a price band ₹52 to ₹55 per share. Offering lots of 2000 shares, the subscription window is open from April 30, 2024 to May 3, 2024.

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Amkay Products Limited GMP Today

The Grey Market Premium (GMP) for Amkay Products Limited is ₹25 as of April 29, 2024. This assessment coincides with a price band of ₹52 to ₹55 per share for the IPO.

Amkay Products Limited IPO Review

Amkay Products showcased a fluctuating financial trajectory with an initial revenue rise followed by a decline, from ₹3,650.37 lakhs in March 2022 to ₹2,786.42 lakhs in March 2023, and further to ₹2,274.62 lakhs by December 2023, indicating a challenging fiscal period.

Despite revenue challenges, the company demonstrated growth in equity and profitability. Profit after tax rose from ₹146.71 lakhs in March 2022 to ₹215.34 lakhs by December 2023. However, a decrease in Return on Net Worth from 23.64% to 21.82% suggests diminishing efficiency in generating shareholder returns.

Amkay Products Limited IPO Date

Amkay Products Limited will start accepting subscriptions from April 30, 2024, to May 3, 2024

Amkay Products Limited IPO Price

Amkay Products Limited price range is between ₹52 to ₹55 per share with a face value of ₹10 each.

Amkay Products Limited

Founded in October 2007, Amkay Products Limited, based in Thane, Maharashtra, specializes in producing and distributing a broad array of healthcare products, including medical disposables, devices, and essentials like face masks and gloves. The company offers over 30 products, operates two manufacturing units, and maintains ISO 9001:2015 certification. As of December 2023, it employs 75 staff.

How To Apply For Amkay Products Ltd IPO?

To apply for the Amkay Products through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Amkay Products on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Amkay Products IPO at Alice Blue in just a few clicks!

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