Amkay Products IPO: From price band to GMP - here's everything you need to know

The healthcare shaper has acceptable the terms set of its upcoming IPO astatine ₹52 to ₹55 per share. Investors person the enactment to bid for a minimum of 2000 shares and successful multiples thereof.

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The SME IPO aims to rise implicit ₹12.61 crore and is wholly a caller contented of 22.92 lakh caller shares.

Amkay Products Limited produces, assembles, and markets an extended scope of aesculapian devices, disposables, and healthcare products, including look masks, intoxicant swabs, lancet needles, nebulizers, pulse oximeters, surgeon caps, and more. These items are utilized by healthcare centers, hospitals, clinics, nursing homes, and different aesculapian facilities passim India. Additionally, the institution is progressive successful the branding and selling of definite products specified arsenic diapers, integrative gloves, suction machines, and others.

During the fiscal years ending December 31 successful 2021, 2022, and 2023, their gross from manufacturing operations stood astatine ₹3020.24 lakhs, ₹2255.89 lakhs, and ₹2224.59 lakhs respectively. Concurrently, their gross from branding & trading operations amounted to ₹1049.71 lakhs, ₹1394.48 lakhs, ₹561.83 lakhs, and ₹437.71 lakhs respectively for the aforesaid periods.

Hem Securities Limited serves arsenic the publication moving pb manager for the Amkay Products IPO, with Bigshare Services Pvt Ltd appointed arsenic the registrar for the offering. Hem Finlease has been designated arsenic the marketplace shaper for the Amkay Products IPO.

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The allotment for the Amkay Products IPO is anticipated to finalise connected Monday, May 6, 2024. The IPO of Amkay Products is scheduled to beryllium listed connected BSE SME, with a tentative listing day acceptable for Wednesday, May 8, 2024.

Amkay Products IPO GMP

The grey marketplace premium (GMP) of Amkay Products IPO is +25. This means that the shares of Amkay Products IPO is disposable astatine a premium of ₹25 successful the grey market.

According to investorgain, the lowest GMP of Amkay Products IPO is ₹0, portion the highest GMP is ₹25. The estimated listing terms is ₹80, which is 45.45% higher than the IPO terms of ₹55.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

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Published: 29 Apr 2024, 07:39 PM IST