Amber Enterprises India Limited IPO

Add to Calendar 2018-01-17 12:00 AM 2018-01-19 12:00 AM Asia/Kolkata Amber Enterprises India Limited IPO Amber Enterprises India Limited India

Introduction: Amber Enterprises India Ltd ,based out of Punjab, India  is a leading manufacturer of air conditioners and its components. It has a strong presence in Room Air Conditioner (RAC) design and manufacturing. Amber has 10 manufacturing units for RAC’s across India

Date of establishment: Amber Enterprises India Private Limited was incorporated as a private limited company in the year 1990.

Product & Service Offering: Product portfolio of Amber enterprises include:

1. Room Air Conditioners (RACs) - This includes window air conditioners and indoor units and outdoor units of split air conditioners.

2. RAC Components - Critical and reliability functional components of RACs such as heat exchangers, motors and multi-flow condensers.

3. Other Components - Other related components including case liners for refrigerator, plastic extrusion sheets for consumer durables and automobile industry, sheet metal components for microwave, washing machine tub assemblies and for automobiles and metal ceiling industries.

Promoters of Amber Enterprises India Limited: The Hong Kong-based private equity player ADV Partners holds 41% in the company. Rest of the stake is with the  promoters of the  group(Jasbir Singh and Dalgit Singh)

Customer segment: It is a contract manufacturer of  RAC's for eight out of the top 10  RAC brands in India including Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool.

Objects of the Issue: The aim of the proposal is both for the fresh issue by the company and selling of shares by existing shareholders. Fresh Issue of shares will be used for  funding existing debts, buying medical equipment and sundry corporate expenses.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. million)
  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 12,865.68 11,149.91 10,058.49 8,610.85 7,511.64
Total Revenue 16,522.55 10,921.15 12,364.67 9,797.00 8,823.37
Profit After Tax 278.99 241.04 287.73 222.04 196.99

Issue Detail

  • Issue Open: Jan 17, 2018
  • Issue Close: Jan 19, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 855 - Rs 859 Per Equity Share
  • Bid Lot:17 Shares
  • Minimum Order Quantity:17 Shares
  • Listing At: BSE, NSE
  • Issue Size: • 600.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 1,393,578 1,045,132 2,438,641 50,000 - 4,927,351
Day 1 - Jan 17, 2018IST 2.0200 0.1000 0.8800 0.3300 - 1.0300
Day 2 - Jan 18, 2018IST 6.0300 0.4900 3.6100 1.2500 - 3.6100
Day 3 - Jan 19, 2018IST 174.9888 519.2618 11.5734 2.2642 - 165.3806

Listing Day Trading Information

Issue Price Rs 859.00 Rs 859.00
Open Rs 1,180.00 Rs 1,175.00
Low Rs 1,114.10 Rs 1,115.00
High Rs 1,263.00 Rs 1,269.00
Last Trade Rs 1,237.25 Rs 1,245.25
Volume 1,800,863 10,960,671

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