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1 min read 08 May 2024, 10:56 AM IST Trade Now
Livemint ,Edited By Nishant Kumar
Amkay Products shares made a beardown debut connected the BSE connected Wednesday, May 8, arsenic the banal opened astatine a premium of 90 per cent astatine ₹104.50 against its contented terms of ₹55 per share.
Amkay Products shares made a beardown debut connected the BSE connected Wednesday, May 8, arsenic the banal opened astatine a premium of 90 per cent astatine ₹104.50 against its contented terms of ₹55 per share. The banal further roseate to deed a precocious of ₹109.72. Around 10:45 am, Amkay Products shares traded astatine ₹109.72 apiece, astir 100 per cent up against its contented price. Equity benchmark Sensex was 0.53 per cent down astatine 73,126 astatine that time.
The archetypal nationalist offering (IPO) of Amkay Products saw beardown request crossed categories. Overall, the Amkay Products IPO was booked 748.03 times. The IPO received bids for 113.85 crore equity shares arsenic against 15.22 lakh shares offered.
The IPO was subscribed 973.14 times successful the retail category, 173.04 times successful the qualified organization buyers (QIB) category, and 987.34 times successful the non-institutional investors (NII) category.
The ₹12.61 crore Amkay Products IPO opened for subscription connected April 30 and closed connected May 3. The Amkay Products IPO was wholly a caller contented of 22.92 lakh equity shares with a terms set acceptable astatine ₹52 to ₹55 per share.
Amkay Products manufactures, assembles, and distributes a wide array of aesculapian devices, disposables, and healthcare goods, including look masks, intoxicant swabs, lancet needles, nebulizers, pulse oximeters and surgeon caps.
These products cater to the needs of healthcare centers, hospitals, clinics, nursing homes, and assorted aesculapian facilities crossed India. Furthermore, the institution is engaged successful the branding and promotion of prime items including diapers, integrative gloves and suction machines.
In the fiscal years ending December 31 of 2021, 2022, and 2023, the gross generated from manufacturing operations was ₹3,020.24 lakh, ₹2,255.89 lakh, and ₹2,224.59 lakh, respectively. Concurrently, gross from branding and trading operations for the aforesaid periods stood astatine ₹1049.71 lakh, ₹1394.48 lakh, ₹561.83 lakh, and ₹437.71 lakh, respectively.
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Published: 08 May 2024, 10:55 AM IST
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