About Amber Enterprises:
Amber Enterprises is operates in room air conditioner (RAC) outsourced manufacturing space, has set the offer price band at Rs 855-859 and an investor can bid for a minimum lot of 17 shares and in same multiples thereafter.
It counts Panasonic, LG, Daikin, Hitachi, Whirlpool, Voltas, Blue Star and Godrej as some of its clients.
Amber Enterprises IPO fully subscribed on Day 1
The Rs 600-crore issue will consist of an offer for sale (OFS) by promoters Jasbir Singh and Daljit Singh aggregating up to Rs 125 crore and a fresh issue of Rs 475 crore.
The Rs 600-crore IPO received bids for 50.93 lakh shares against the total issue size of 49.27 lakh scrips, registering a subscription of 1.03 times, data available with the National Stock Exchange (NSE) showed.
Amber raised Rs178.71 crore by selling shares to 15 institutional investors as part of its anchor book allocation. Institutional investors that participated in the anchor book allocation include Abu Dhabi Investment Authority, Goldman Sachs India Ltd, Kuwait Investment Authority Fund and Reliance Capital Trustee Co Ltd, among others.
Objects of the Amber Enterprises Issue:
Amber Enterprises’ initial public offer (IPO) will close on January 19. The company plans to use the proceeds for repayment and advance payment of certain loans and other general corporate purposes.
Lead Manager of Issue:
Edelweiss Financial Services, IDFC Bank, SBI Capital Markets and BNP Paribas will manage the company’s IPO.
Amber Enterprises IPO details:
Issue Will Open on: 17 – 19 January 2018
Price Range: Rs 855 – 859 per share
Face Value: Rs 10 per share
Fresh issue: Rs 475 crore
Offer For Sale: Rs 125 crore
Total IPO size: Rs 600 crore
Minimum bid (lot size): 17 shares
Retail Allocation: 35%
Listing On: NSE, BSE
Amber Enterprises Contact Details
Amber Enterprises India Limited
Universal Trade Tower, 1st Floor
Sector – 49, Sohna Road
Gurgaon – 122 018
Phone: +91 124 3923 000
Fax: +91 124 3923 016
Registrar of Amber Enterprises
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551