About
Amkay Products Limited is launching its IPO. The IPO opens for subscription on April 30, 2024, and will close on May 03, 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does Amkay Products Limited do?
Incorporated in October 2007, Amkay Products Limited is based in Thane, Maharashtra. The company specializes in the manufacturing, assembling, and marketing of a wide range of medical devices and disposables. Key products include face masks, alcohol swabs, lancet needles, nebulizers, and pulse oximeters, primarily used by healthcare centers, hospitals, clinics, and nursing homes across India.
The product portfolio also includes consumer healthcare items such as diapers, plastic gloves, and specialized medical products like surgeon caps. Operations are conducted from a manufacturing facility that spans approximately 26,000 square feet, designed to adhere to the ISO 9001:2015 quality management standard, certified by QRO Certification LLP.
The company has a domestic market presence and exports a small portion of its production to international markets, including Bhutan, Nepal, and Qatar. It offers over 30 different healthcare products, addressing a variety of medical and health needs both in India and other countries.
Schedule/Timeline of Amkay Products Limited IPO
| Issue Period | 30th April to 3rd May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 06, 2024 |
| Initiation of Refunds | May 07, 2024 |
| Credit of Shares | May 07, 2024 |
| Date of Listing | May 08, 2024 |
| Mandate end date | May 18, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 05, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 05, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Amkay Products Limited IPO?
You can apply for the Amkay Products Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Amkay Products Limited IPO?
You can check the allotment status for the Amkay Products Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.