Amkay Products IPO vs Sai Swami Metals and Alloys IPO

Comparision between Amkay Products IPO and Sai Swami Metals and Alloys IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sai Swami Metals and Alloys IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Amkay Products IPO	Sai Swami Metals and Alloys IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Amkay Products IPO is up to ₹12.61 Cr whereas the issue size of the Sai Swami Metals and Alloys IPO is up to ₹15.00 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Sai Swami Metals and Alloys IPO is ₹60.00 per share.

	Amkay Products IPO	Sai Swami Metals and Alloys IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹55.00 per share
Issue Price (Final)	₹55.00 per share	₹60.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	22,92,000 shares	25,00,000 shares
Fresh Issue Size (Amount)	up to ₹12.61 Cr	up to ₹15.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,92,000 shares	25,00,000 shares
Issue Size Total (Amount)	up to ₹12.61 Cr	up to ₹15.00 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Sai Swami Metals and Alloys IPO opens on Apr 30, 2024. The closing date of Amkay Products IPO and Sai Swami Metals and Alloys IPO is May 03, 2024, and May 03, 2024, respectively.

	Amkay Products IPO	Sai Swami Metals and Alloys IPO
Anchor Bid Date	Apr 29, 2024
Issue Open	Apr 30, 2024	Apr 30, 2024
Issue Close	May 03, 2024	May 03, 2024
Basis Of Allotment (Tentative)	May 06, 2024	May 06, 2024
Initiation of Refunds (Tentative)	May 07, 2024	May 07, 2024
Credit of Share (Tentative)	May 07, 2024	May 07, 2024
Listing date (Tentative)	May 08, 2024	May 08, 2024
Anchor Lockin End date 1	Jun 05, 2024
Anchor Lockin End date 2	Aug 04, 2024

Financials

Amkay Products IPO P/E ratio is 23.18, as compared to Sai Swami Metals and Alloys IPO P/E ratio of 11.34.

Amkay Products IPO

Sai Swami Metals and Alloys IPO

Financial

Amkay Products Limited Financial Information (Restated)

Amkay Products Limited's revenue decreased by -23.22% and profit after tax (PAT) rose by 2.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,887.52	1,563.77	1,580.64	1,393.47
Revenue	2,385.56	2,825.05	3,679.45	4,071.74
Profit After Tax	215.34	151.02	146.71	312.68
Net Worth	986.96	771.62	620.60	473.90
Reserves and Surplus	350.59	743.95	592.93	446.23
Total Borrowing	476.22	469.98	433.59	136.54
Amount in ₹ Lakhs

Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)

Period Ended	31 Dec 2023	31 Mar 2023
Assets	2,617.31	2,583.16
Revenue	3,333.86	626.76
Profit After Tax	179.52	3.83
Net Worth	664.47	35.32
Reserves and Surplus	252.70	34.32
Total Borrowing	743.16	610.23
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.89%

99.88%

Promoter Shareholding (Post-Issue)

73.44%

62.15%

P/E Ratio

23.18

11.34

Market Cap

₹47.61 Cr.

₹39.71 Cr.

ROE

24.49%%

ROCE

21.54%%

Debt/Equity

0.48

EPS

₹2.37

₹5.29

RoNW

21.82%%

27.02%%

Shares Offered

In the Amkay Products IPO retail investors (RII) are offered 7,62,000 shares while in Sai Swami Metals and Alloys IPO retail investors are offered 7,62,000 shares. Qualified institutional buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 0 shares in Sai Swami Metals and Alloys IPO.

	Amkay Products IPO	Sai Swami Metals and Alloys IPO
Anchor Investor Reserveration	6,50,000 shares
Market Maker Reserveration	1,20,000 shares	1,28,000 shares
QIB	4,34,000 shares	0 shares
NII	3,26,000 shares	11,86,000 shares
RII	7,62,000 shares	11,86,000 shares
Employee	0 shares	0 shares
Others
Total	15,22,000 shares	23,72,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Sai Swami Metals and Alloys IPO subscribed 543.72x.

	Amkay Products IPO	Sai Swami Metals and Alloys IPO
QIB (times)	173.04x
NII (times)	987.34x	533.83x
Big NII (times)
Small NII (times)
RII (times)	973.14x	529.01x
Employee (times)
Other (times)
Total (times)	748.03x	543.72x

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Sai Swami Metals and Alloys IPO	Slone Infosystems IPO
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ABS Marine Services IPO	Mandeep Auto Industries IPO
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Varyaa Creations IPO	Shivam Chemicals IPO

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