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Amkay Products IPO vs Refractory Shapes IPO

Comparision between Amkay Products IPO and Refractory Shapes IPO.

IPO Details

Amkay Products IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Refractory Shapes IPO is a SME Book Built Issue proposed to list at NSE SME.

  Amkay Products IPO Refractory Shapes IPO
Logo Amkay Products IPO Logo Refractory Shapes IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Hem Securities Limited Shreni Shares Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Shreni Shares Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor 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 Refractory Shapes IPO is up to ₹18.60 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Refractory Shapes IPO is ₹31.00 per share.

  Amkay Products IPO Refractory Shapes IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹52.00 per share ₹27.00 per share
Issue Price (Upper) ₹55.00 per share ₹31.00 per share
Issue Price (Final) ₹55.00 per share ₹31.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 4000 shares
Fresh Issue Size 22,92,000 shares 60,00,000 shares
Fresh Issue Size (Amount) up to ₹12.61 Cr up to ₹18.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 22,92,000 shares 60,00,000 shares
Issue Size Total (Amount) up to ₹12.61 Cr up to ₹18.60 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Refractory Shapes IPO opens on May 06, 2024. The closing date of Amkay Products IPO and Refractory Shapes IPO is May 03, 2024, and May 09, 2024, respectively.

  Amkay Products IPO Refractory Shapes IPO
Anchor Bid Date Apr 29, 2024 May 03, 2024
Issue Open Apr 30, 2024 May 06, 2024
Issue Close May 03, 2024 May 09, 2024
Basis Of Allotment (Tentative) May 06, 2024 May 10, 2024
Initiation of Refunds (Tentative) May 07, 2024 May 13, 2024
Credit of Share (Tentative) May 07, 2024 May 13, 2024
Listing date (Tentative) May 08, 2024 May 14, 2024
Anchor Lockin End date 1 Jun 05, 2024 Jun 09, 2024
Anchor Lockin End date 2 Aug 04, 2024 Aug 08, 2024

Financials

Amkay Products IPO P/E ratio is 23.18, as compared to Refractory Shapes IPO P/E ratio of 25.55.

  Amkay Products IPO Refractory Shapes 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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,887.521,563.771,580.641,393.47
Revenue2,385.562,825.053,679.454,071.74
Profit After Tax215.34151.02146.71312.68
Net Worth986.96771.62620.60473.90
Reserves and Surplus350.59743.95592.93446.23
Total Borrowing476.22469.98433.59136.54
Amount in ₹ Lakhs

Refractory Shapes Limited Financial Information (Restated)

Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,289.905,003.813,684.822,723.72
Revenue2,999.043,872.232,621.672,179.67
Profit After Tax307.94191.74287.04156.39
Net Worth396.581,668.641,476.901,189.86
Reserves and Surplus396.581,658.641,466.901,179.86
Total Borrowing2,341.802,048.631,570.121,234.18
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.89% 100.00%
Promoter Shareholding (Post-Issue) 73.44% 72.48%
P/E Ratio 23.18 25.55
Market Cap ₹47.61 Cr. ₹67.58 Cr.
ROE 24.49%% 15.58%%
ROCE 21.54%% 9.79%%
Debt/Equity 0.48 1.18
EPS ₹2.37 ₹1.21
RoNW 21.82%% 15.58%%

Shares Offered

In the Amkay Products IPO retail investors (RII) are offered 7,62,000 shares while in Refractory Shapes IPO retail investors are offered 7,62,000 shares. Qualified institutional buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 11,44,000 shares in Refractory Shapes IPO.

  Amkay Products IPO Refractory Shapes IPO
Anchor Investor Reserveration 6,50,000 shares 17,00,000 shares
Market Maker Reserveration 1,20,000 shares 3,04,000 shares
QIB 4,34,000 shares 11,44,000 shares
NII 3,26,000 shares 8,56,000 shares
RII 7,62,000 shares 19,96,000 shares
Employee 0 shares 0 shares
Others
Total 15,22,000 shares 39,96,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Refractory Shapes IPO subscribed 255.08x.

  Amkay Products IPO Refractory Shapes IPO
QIB (times) 173.04x 90.59x
NII (times) 987.34x 464.43x
Big NII (times)
Small NII (times)
RII (times) 973.14x 259.56x
Employee (times)
Other (times)
Total (times) 748.03x 255.08x

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