Amkay Products Ltd IPO

Amkay Products IPO issues fresh 22,92,000 lakh shares valued at INR 12.61cr, aimed at machinery investment, working capital support and corporate needs.

Important Details

Date: April 30, to May 3, 2024 Listing Date: May 8, 2024 Price: INR 52-55 per share Lot Size:2000 Shares Total Issue Size: INR 12.61 cr

Fundamental Analysis

Amkay Products limited financial analysis shows mixed  results, revenue rose, then fell, profitability & equity improved, but RoNW declined, hinting at growth challenges.

Peer Comparison

Amkay Products limited financials varied. Hemant Surgical Industries Ltd grew significantly, whereas QMS Medical Allied Services Ltd showed robust profitability despite lower revenue.

Objective

Amkay Products Limited allocates funds for capital expenditures, focus on machinery installation, and liquidity for working capital, driving sustainable growth & operational efficiency.

Risks And Challenges

Amkay Products risks include reliance on Maharashtra for sales, dependence on third party manufacturers & no long-term supplier contracts, challenging operations & growth.

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