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

- BSE NSE
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

Amber Enterprises India Limited User Rating

Votes
0

Amber Enterprises India Limited Life IPO Reviews

Amber Enterprises India Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us