Racks & Rollers IPO Vs Amkay Products IPO – IPOGMPTODAY

Racks & Rollers IPO Vs Amkay Products IPO / Storage Technologies & Automation IPO Vs Amkay Products IPO: Both these IPOs are going to open for subscription on the same day. Thinking about which one to invest in? So we are making your work easier, we have presented the comparison of two IPOs in this article.

Racks & Rollers IPO Vs Amkay Products IPO
Racks & Rollers IPO Vs Amkay Products IPO

Racks & Rollers IPO Vs Amkay Products IPO

ComponentsRacks & Rollers IPOAmkay Products IPO
Open Date30th April 202430th April 2024
Close Date3rd May 20243rd May 2024
Listing Date8th May 2024 [Expected]8th May 2024 [Expected]
IPO SizeRs 2995 Lakhs through 38,40,000 lakh sharesRs 1261 Lakhs through 22.92 lakh shares fresh issue
Face Value₹10 per share₹10 per share
IPO Price Band₹73 to ₹78 per share₹52 to ₹55 per share
IPO Listing onBSE SMEBSE SME
Lot Size1600 Shares2000 Shares
OFSNot ApplicableNot Applicable
Retail Quota35%of the total issue share35%of the total issue share
QBI50% of the total issue share50% of the total issue share
HNI15% of the total issue share15% of the total issue share
*Details Comparison

Racks & Rollers IPO Vs Amkay Products IPO Dates

AspectRacks & Rollers IPOAmkay Products IPO
IPO Open Date30th April 202430th April 2024
IPO Close Date3rd May 20243rd May 2024
Basis of Allotment6th May 20246th May 2024
Initiation of Refunds7th May 20247th May 2024
The credit of Shares to Demat7th May 20247th May 2024
Listing Date8th May 20248th May 2024
UPI mandate confirmation5 PM on 3rd May 20245 PM on 3rd May 2024

Racks & Rollers IPO Vs Amkay Products IPO Lot Size

Applicant TypeRacks & Rollers IPO Lot Size (Min & Max)ShareAmountAmkay Products Ltd IPO Lot Size (Min & Max)ShareAmount
Retail1 Lot (Min & Max)1600₹124,800 Max1 Lot (Min & Max)2000₹110,000 Max
S-HNI2 Lots (Min)3200₹249,600 Min2 Lots (Min)3200₹220,000 Min
B-HNI2 Lots (Min)3200₹249,600 Min2 Lots (Min)3200₹220,000 Min

Racks & Rollers IPO Vs Amkay Products IPO GMP (Gray Market Premium) Comparison

DateRacks & Rollers IPO GMPRacks & Rollers IPO PriceRacks & Rollers IPO Estimated Listing PriceAmkay Products IPO GMPAmkay Products IPO PriceAmkay Products IPO Estimated Listing PriceUpdate On
01/05/2024₹18₹78₹96₹45₹55₹10001/05/2024
30/04/2024₹18₹78₹96₹45₹55₹10030/04/2024
29/04/2024₹9₹78₹87₹25₹55₹8029/04/2024 09:00
28/04/2024₹0₹78₹78₹25₹55₹8028/04/2024 20:00
27/04/2024₹0₹78₹78₹25₹55₹8027/04/2024 20:00
26/04/2024₹0₹78₹78₹0₹55₹5526/04/2024 20:00
25/04/2024₹0₹78₹78₹0₹55₹5525/04/2024 20:00
24/04/2024₹0₹78₹78₹0₹55₹5524/04/2024 14:00

Racks & Rollers Limited Vs Amkay Products Limited Company Details

AspectStorage Technologies & Automation LtdAmkay Products Limited
EstablishmentOctober 2010October 2007
Industry FocusSpecializes in storage racking systems, automated warehouses, and storage solutions for various industries including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCGSpecializes in producing and selling healthcare products including medical devices, disposables, face masks, alcohol swabs, lancet needles, nebulizers, pulse oximeters, and surgeon caps
Manufacturing FacilitiesManufacturing facilities cover approximately 56,250 square feet in Bangalore, supplemented by 20,000 square feet of storage spaceN/A
Projects CompletedOver 2500 projects completedN/A
Customer Base900 satisfied customers worldwideCatering to healthcare centres, hospitals, clinics, nursing homes, and similar facilities across India
Product RangeSpecializes in storage solutionsOffers over 30 healthcare products, manufacturing 20 of them and branding/trading 10 others
Global PresencePresence in more than 30 countriesN/A

An object of the Issue Racks & Rollers IPO Vs Amkay Products IPO

An object of the IssueRacks & Rollers IPOAmkay Products IPO
To meet Working Capital requirementsYesYes
General Corporate PurposeYesYes
Investing in capital expenditure to install additional machineryNoYes

Racks & Rollers Limited Vs Amkay Products Limited Financial Status (Restated)

Financial ParameterRacks & Rollers Limited (31st October, 2023) (₹ in Lakhs)Amkay Products Limited (31st December 2023) (₹ in Lakhs)
Liabilities6,375.771,887.52
Assets6,375.771,887.52
Revenue₹5,317.09₹2,385.56
PAT (Profit After Tax)₹358.91₹215.34
Total Borrowing₹1,632.53₹476.22
Net WorthN/A₹986.96

Key Performance Indicator (KPI) of Racks & Rollers Limited Vs Amkay Products Limited

Key Performance Indicator (KPI)Racks & Rollers LimitedAmkay Products Limited
EBITDA₹706.93 Lakh (13.36%)₹252.80 Lakh (11.11%)
PAT Margin (%)6.78%9.47%
RoCE (%)22.52%21.54%
RoE (%)46.37%24.49%
EPS₹11.96 per share (pre-issue & post-issue)₹2.37 per share (pre-issue)

The full detailed competition is given between the two IPOs Racks & Rollers IPO Vs Amkay Products IPO, hope you will not have any difficulty in making a decision.

Disclaimer:

Information on IPO GMP Today is for informational purposes only. We do not provide financial advice. Investing in IPOs carries risks, including loss of principal. Consult a financial advisor before making investment decisions. Past performance doesn’t guarantee future results. The Grey Market Premium (GMP) is speculative and may not reflect actual listing prices. We’re not liable for errors or inaccuracies. Users are responsible for their own investment decisions. Use of this website implies agreement to these terms.

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