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Amkay Products IPO vs Varyaa Creations IPO

Comparision between Amkay Products IPO and Varyaa Creations IPO.

IPO Details

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

  Amkay Products IPO Varyaa Creations IPO
Logo Amkay Products IPO Logo Varyaa Creations 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 Inventure Merchant Banker Services Pvt Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Svcm Securities 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 Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

  Amkay Products IPO Varyaa Creations 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 ₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1000 shares
Fresh Issue Size 22,92,000 shares 13,40,000 shares
Fresh Issue Size (Amount) up to ₹12.61 Cr up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 22,92,000 shares 13,40,000 shares
Issue Size Total (Amount) up to ₹12.61 Cr up to ₹20.10 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Amkay Products IPO and Varyaa Creations IPO is May 03, 2024, and Apr 25, 2024, respectively.

  Amkay Products IPO Varyaa Creations IPO
Anchor Bid Date Apr 29, 2024
Issue Open Apr 30, 2024 Apr 22, 2024
Issue Close May 03, 2024 Apr 25, 2024
Basis Of Allotment (Tentative) May 06, 2024 Apr 26, 2024
Initiation of Refunds (Tentative) May 07, 2024 Apr 29, 2024
Credit of Share (Tentative) May 07, 2024 Apr 29, 2024
Listing date (Tentative) May 08, 2024 Apr 30, 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 Varyaa Creations IPO P/E ratio of 65.56.

  Amkay Products IPO Varyaa Creations 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

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,049.172,000.55143.78218.32
Revenue1,762.49538.03253.1312.05
Profit After Tax351.1178.9357.98-13.06
Net Worth410.5659.45-19.47-77.46
Reserves and Surplus65.5644.45-34.47-92.46
Total Borrowing44.81283.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.89% 100.00%
Promoter Shareholding (Post-Issue) 73.44% 72.02%
P/E Ratio 23.18 65.56
Market Cap ₹47.61 Cr. ₹71.85 Cr.
ROE 24.49%% 85.52%%
ROCE 21.54%% 114.57%%
Debt/Equity 0.48
EPS ₹2.37 ₹2.29
RoNW 21.82%% 85.52%%

Shares Offered

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

  Amkay Products IPO Varyaa Creations IPO
Anchor Investor Reserveration 6,50,000 shares
Market Maker Reserveration 1,20,000 shares 70,000 shares
QIB 4,34,000 shares 0 shares
NII 3,26,000 shares 6,35,000 shares
RII 7,62,000 shares 6,35,000 shares
Employee 0 shares 0 shares
Others
Total 15,22,000 shares 12,70,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Varyaa Creations IPO subscribed 3.59x.

  Amkay Products IPO Varyaa Creations IPO
QIB (times) 173.04x
NII (times) 987.34x 1.08x
Big NII (times)
Small NII (times)
RII (times) 973.14x 6.09x
Employee (times)
Other (times)
Total (times) 748.03x 3.59x

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