Amkay Products Ltd - IPO

Amkay Products Ltd IPO Details

Initial public offer of upto 22,92,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Amkay Products Limited (The Company or The Issuer) at an issue price of Rs. 55 per equity share (including a share premium of Rs. 45 per equity share) for cash, aggregating up to Rs. 12.61 crores (Public Issue) out of which 1,20,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 55 per equity share for cash, aggregating Rs. 0.66 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 21,72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 55 per equity share for cash, aggregating up to Rs. 11.95 crores is here inafter referred to as the Net Issue. The public issue and net issue will constitute 26.48% and 25.09% respectively of the post-issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10 each. The issue price is 5.5 times with the face value of the equity shares.

Objective of issue

Funding capital expenditure towards installation of additional machinery. To meet working capital requirements. General corporate purposes.

Amkay Products Ltd Contact Details

Amkay Products Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@amkayproducts.com

Website - www.amkayproducts.com