IPO SYNOPSIS

Amkay Products Ltd
Registered Office:
No.68 Rashmi Park CHS Ltd,Dhumal Nagar Waliv Road Vasai,
Thane - 401208,
Maharashtra, India.
Initial public offer of upto 22,92,000 equity shares of face value of (₹) 10/- each ("Equity Shares") of Amkay Products Limited ("The Company" or "The Issuer") at an issue price of (₹) [*] per equity share (including a share premium of [*] per equity share) for cash, aggregating up to (₹) [*] crores ("Public Issue") out of which 1,20,000 equity shares of face value of (₹) 10 each, at an issue price of (₹) [*] per equity share for cash, aggregating (₹) [*] crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 21,72,000 equity shares of face value of (₹) 10 each, at an issue price of (₹) [*] per equity share for cash, aggregating up to (₹) [*] crores is here inafter referred to as the "Net Issue". The public issue and net issue will constitute 26.48% and 25.09% respectively of the post-issue paid-up equity share capital of the company. Price Band: (₹) 52 to (₹) 55 per equity share of face value of (₹) 10 each. The floor price is 5.2 times of the face value and the cap price is 5.5 times of the face value. Bid can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
30-Apr-24
03-May-24
52.00-55.00
0.00-0.00
Minimum Application for shares in Nos : 2000     Further Multiples of : 2000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Hem Securities Ltd
Project Financed
11.92
 
Post Issue
8.66
 
Issue Price
52.00
 
Projects
Funding capital expenditure towards installation of additional machinery
To meet working capital requirements
General corporate purposes
Promoted By
Kashyap Pravin Mody
Hemanshu Kantilal Batavia
Kashyap Pravin Mody
Hemanshu Kantilal Batavia
Listing At
BSE - SME
BSE - SME
Registrar to the Issue
No Data Available!!!
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