Amkay Products IPO allotment expected on May 6: Check share allocation, listing date and other details

Amkay Products Ltd IPO share allotment status is expected to be finalised on Monday, May 6, after an encouraging response from bidders in the three-day subscription phase, which closed on May 3.

The BSE SME public issue opened for subscription on April 30.

Investors who have bid for Amkay Products IPO shares are eagerly waiting for the allotment, which can be checked through either of the two modes - BSE website or registrar portal. Bigshare Services Pvt Ltd has been appointed as the registrar to the IPO.

Here's how to check Amkay Products IPO allotment status on BSE:

• Visit official website of BSE - https://www.bseindia.com/.
• Click on the Public Issues tab and click on Status of Issue Application link.
• Select the issue type as 'Equity'.
• Select issue name 'Amkay Products' from the dropdown menu.
• Enter IPO application number/PAN for verification.
• Check 'I'm not a robot' checkbox.
• Press the 'Search' button.
• Allotment details will appear on your screen.

Steps to check Amkay Products IPO allotment status on registrar Bigshare Services' portal:

• Visit Bigshare Services website - https://www.bigshareonline.com.
• Click on the 'IPO allotment status' section on the home page.
• Select one of the servers that appears on the next page.
• Select 'Amkay Products Ltd' from the dropdown menu.
• Enter Application No/CAF No/Beneficiary ID/PAN No.
• Fill captcha details and hit the 'Search' button.
• IPO share allotment status will appear on the screen.

It is important to note that these portals - BSE and registrar - will show the allotment status of only those bidders who come out as successful applicants.

Once the allotment is done, Amkay Products will start refunds to non-allottees of shares on May 7 and credit shares to successful bidders on the same day.

Amkay Products is expected to list its IPO shares on the BSE SME platform on May 8, 2024.

Amkay Products IPO subscription and other details

Amkay Products IPO was subscribed by a staggering 693.44 times, receiving bids for more than 113.86 crore shares, against 16.42 lakh shares offered under the IPO, according to the BSE data.

The Non-institutional investors’ (NIIs) portion was booked 721.98 times while the retail investors’ segment was subscribed 973.13 times. Qualified institutional buyers (QIBs) submitted bids 173 times of the shares reserved for them.

The SME public offer is a book-build issue of 22.92 lakh shares of a face value of ₹10 each. The IPO is entirely a fresh issue of worth ₹12.61 crore.

Amkay Products IPO price band was fixed at ₹52 to ₹55 per share with a minimum lot size of 2,000 shares. At this price band, the minimum amount of investment required by retail investors came to ₹1,10,000. For HNIs, the minimum lot size investment was 2 lots or 4,000 shares, amounting to ₹2,20,000.