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Amkay Products IPO vs TGIF Agribusiness IPO

Comparision between Amkay Products IPO and TGIF Agribusiness IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Amkay Products IPO TGIF Agribusiness IPO
Logo Amkay Products IPO Logo TGIF Agribusiness 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 Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Hem Finlease 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 TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

  Amkay Products IPO TGIF Agribusiness 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 ₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 22,92,000 shares 6,87,600 shares
Fresh Issue Size (Amount) up to ₹12.61 Cr up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 22,92,000 shares 6,87,600 shares
Issue Size Total (Amount) up to ₹12.61 Cr up to ₹6.39 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Amkay Products IPO and TGIF Agribusiness IPO is May 03, 2024, and May 10, 2024, respectively.

  Amkay Products IPO TGIF Agribusiness IPO
Anchor Bid Date Apr 29, 2024
Issue Open Apr 30, 2024 May 08, 2024
Issue Close May 03, 2024 May 10, 2024
Basis Of Allotment (Tentative) May 06, 2024 May 13, 2024
Initiation of Refunds (Tentative) May 07, 2024 May 14, 2024
Credit of Share (Tentative) May 07, 2024 May 14, 2024
Listing date (Tentative) May 08, 2024 May 15, 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 TGIF Agribusiness IPO P/E ratio of 13.58.

  Amkay Products IPO TGIF Agribusiness 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

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets282.32187.5265.33291.62
Revenue171.79232.28207.14181.59
Profit After Tax81.41130.07115.4838.18
Net Worth190.00175.8945.82257.91
Total Borrowing67.30
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.89% 99.80%
Promoter Shareholding (Post-Issue) 73.44% 73.28%
P/E Ratio 23.18 13.58
Market Cap ₹47.61 Cr. ₹24.06 Cr.
ROE 24.49%%
ROCE 21.54%%
Debt/Equity 0.48
EPS ₹2.37 ₹6.85
RoNW 21.82%% 42.85%

Shares Offered

In the Amkay Products IPO retail investors (RII) are offered 7,62,000 shares while in TGIF Agribusiness 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 TGIF Agribusiness IPO.

  Amkay Products IPO TGIF Agribusiness IPO
Anchor Investor Reserveration 6,50,000 shares
Market Maker Reserveration 1,20,000 shares 34,800 shares
QIB 4,34,000 shares 0 shares
NII 3,26,000 shares 3,26,400 shares
RII 7,62,000 shares 3,26,400 shares
Employee 0 shares 0 shares
Others
Total 15,22,000 shares 6,52,800 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

  Amkay Products IPO TGIF Agribusiness IPO
QIB (times) 173.04x
NII (times) 987.34x 35.35x
Big NII (times)
Small NII (times)
RII (times) 973.14x 32.92x
Employee (times)
Other (times)
Total (times) 748.03x 37.13x

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