How To Check Amkay IPO Allotment Status

Amkay Products IPO is aiming to raise ₹12.61 crore. Amkay IPO, which opened for subscription on April 30, 2024, and closed on May 3, 2024, has garnered significant interest from various investor categories. The Amkay IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Amkay Products IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Amkay IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Amkay Products" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the Amkay IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Amkay Products" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Amkay IPO allotment status will be visible.

Amkay IPO Subscription Status

On the final day of bidding, the Amkay Products IPO was subscribed 693.44 times. The Non-Institutional Investors (NII) category saw a massive oversubscription of 721.96 times, while the Retail Individual Investors (RIIs) category was oversubscribed by 973.14 times. The Qualified Institutional Buyers (QIBs) category was oversubscribed at 173.04x of the allotted size.

The IPO's allocation structure reserves 18.94% of the shares for QIBs, 14.22% for NIIs, 33.25% for RIIs, and 28.36% for Anchor investors.

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Amkay IPO GMP

The Amkay IPO GMP was reported at ₹64. Taking the GMP, along with the upper price band of ₹55, the Amkay Products IPO expected listing price is ₹119. However, investors should note that GMPs are merely indicators and should not be the sole factor in assessing a company's performance upon listing.

Amkay IPO Details

The Amkay Products IPO consists of a fresh issue of 22.92 lakh shares. The IPO price band was set at ₹52 to ₹55 per share. The minimum lot size for an application was 2,000 shares, requiring a minimum investment of ₹110,000 by retail investors.

The company plans to use the net proceeds from the offering to expand its business operations, enhance its research and development capabilities, and for general corporate purposes.

About Amkay Products

Amkay Products is a renowned entity in the medical and surgical devices sector, recognised for its top-notch offerings utilised across diverse medical interventions. Through its IPO, the company endeavours to bolster its market standing and extend its footprint into untapped regions, solidifying its presence in the industry.

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