Amber Enterprises India Limited IPO (Amber Enterprises IPO) Details

By | January 29, 2018
Amber Enterprises India Limited IPO, Amber Enterprises IPO, Amber Enterprises Allotment, Date, Price, DRHP, Prospectus, Size, Amber Enterprises India IPO GMP, Grey Market Premium, Listing Date, Review, Amber Enterprises India IPO Subscription, Financials and other details.
Amber Enterprises IPO

Amber Enterprises IPO

Amber Enterprises (India) Ltd has received the approval from the market regulator Securities and Exchange Board (SEBI) to launch an initial public offering (IPO). The market regulator had given permission on 05 December 2017. The company had filed its draft prospectus with SEBI on 29 September 2017. The company is going to float its IPO from 17 January 2018 to 19 January 2018. The price band of the IPO of Amber Enterprises India will be Rs. 855- Rs. 859 per equity share. The Rs. 555 crore IPO will comprise a fresh issue of shares worth Rs. 450 crore and a sale of shares of Rs. 105 crores by promoters Jasbir and Daljit Singh.

Investors who want to apply for this IPO must download the Amber Enterprises India IPO DRHP from the given section of this page. We are also going to provide the information regarding Amber Enterprises India IPO Allotment Status, Amber Enterprises India IPO Subscription Details, Amber Enterprises India Financials, IPO Size, Price and more.

Please check the given section of this page to get more details about the IPO of Amber Enterprises India Limited.

Amber Enterprises IPO

About the company:  Amber Enterprises India Limited is a manufacturer of air conditioners and its component. The company is based in Punjab, India. The company was set up in 1990. Amber Enterprises is a market leader in the Room Air Conditioner (RAC) OEM/ODM industry in India. The company has a market share of 55.4%. The company is a one-stop solutions provider for the major brands in the RAC industry and currently serve 08 out of the 10 top RAC brands in India including Daikin, Hitachi, LG, Panasonic, Voltas, and Whirlpool. 75% market share of the air conditioner is captured by these 08 major brands in India.

It has a diversified product portfolio as set out below:

  1. Room Air Conditioner (RACs):  Window air conditioners (WACs) /  indoor units (“IDUs”) and outdoor units (“ODUs”) of split air conditioners (“SACs”).
  2. RAC Components: Heat exchangers, motors, multi-flow condensers,  sheet metal components, copper tubing and injection molding components.
  3. Other Components: Case liners for refrigerator, plastic extrusion sheets, and Sheet metal components.

It has 10 manufacturing facilities across seven locations in India.

Company Promoters: Jasbir Singh and Daljit Singh

Objects of the Issue

The Offer comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

The Offer includes an Offer for Sale of 13,453,932 Equity Shares by the Selling Shareholders.

  • Amber Enterprises India Limited will not receive any proceeds from the Offer for Sale.

Fresh Issue

  • Prepayment or repayment of all or a portion of certain borrowings availed by the company.
  • General corporate purposes.

Amber Enterprises India IPO Grey Market Premium, Rates, GMP Price

DateGMPKostak RateSauda
29 Jan 2018Rs. 420Rs. 625Rs. 7000

Amber Enterprises India IPO, Date, Allotment, Price, Lot Size, Subscription, Listing

NameAmber Enterprises India Limited
Open Date17 January 2018
Close Date19 January 2018
Allotment Date24 January 2018
Refund Date26 January 2018
Listing Date30 January 2018
Issue PriceRs. 855 - Rs. 859 Per Equity Share
Lot Size17 Shares
Minimum Order Quantity17 Shares
Issue TypeBook Built Issue IPO
Issue Size[.] Equity Shares of Rs 10 aggregating up to Rs 555.00 crore
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 450.00 crore
› Offer for Sale of [.] Equity Shares of Rs 10 aggregating up to Rs 105.00 crore
Lead ManagerEdelweiss Financial Services Limited, IDFC Bank Limited, SBI Capital Markets Limited, BNP Paribas
RegistrarKarvy Computershare Private Limited
Listing atNSE / BSE

Update: 29-01-2018

  1.  Listing date is 30th January 2018.
  2. The allotment of the IPO is expected on 25th Jan 2018.
  3. IPO subscribed 3.61 times on Day 2.
  4. Amber Enterprises IPO fully subscribed on the first day.
  5. Amber Enterprises garners Rs 179 cr from anchor investors.
  6. Among the anchor investors are Abu Dhabi Investment Authority – Behave, Blackrock India Equities Mauritius, Goldman Sachs India and Kuwait Investment Authority Fund 225.

IPO Poll

Would you apply to the Amber Enterprises IPO?

  • Yes (85%, 525 Votes)
  • No (15%, 92 Votes)

Total Voters: 617

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Broker Recommendations:

  1. Subscribe: HEM Securities
  2. Subscribe: Geojit
  3. Subscribe: Angel Broking
  4. Issue looks expensive: Centrum Broking

Amber Enterprises India IPO Price

The company has fixed a price band of Rs. 855- Rs. 859 per share. The IPO, to raise about Rs. 550 crore, comprises a fresh issue of up to Rs. 450 crore by the company and an offer for sale by the selling shareholders Jasbir Singh and Daljit Singh.

Amber Enterprises India IPO Date

Air conditioner manufacturer, Amber Enterprises will launch its initial public offer (IPO) on 17 January 2018 and would close on 19 January 2018.

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
31 March 2017Rs. 1,652.3Rs. 1,613.9Rs. 27.9
31 March 2016Rs. 1,092.1Rs. 1,059.4Rs. 24.1
31 March 2015Rs. 1,236.5Rs. 1,196.1Rs. 28.8
31 March 2014Rs. 979.7Rs. 949.2Rs. 21.6
31 March 2013Rs. 882.3Rs. 853.2Rs. 19.5
**(All Figures in Rs. Crores)
Valuations

  • Earnings Per Share (EPS): Rs.
  • Price/Earnings (P/E) ratio: Rs.
  • Return on Net Worth (RONW):
  • Net Asset Value (NAV): Rs.

Amber Enterprises IPO Subscription Details

CategorySHARES OFFERED17 January 201818 January 201819 January 2018
RII24386410.883.6111.65
NII10451320.100.49519.26
QIB13935782.026.03174.99
Employees500000.331.252.27
Total49273511.033.61165.42

Lead Managers

Edelweiss Financial Services Limited, IDFC Bank Limited, SBI Capital Markets Limited, BNP Paribas will manage the company’s IPO.

Registrar

Karvy Computershare Private Limited will handle the issue as a registrar.

Karvy Computershare Private Limited

Amber Enterprises IPO Allotment Status

Amber Enterprises India IPO Allotment Status will be visible on the Karvy website on or around 24 January 2018. The direct link to the allotment will be updated here.

Amber Enterprises India IPO Allotment

Listing Date of Amber Enterprises

30 January 2018 is the listing date of Amber Enterprises India IPO.

Amber Enterprises India Limited Address

Registered Office and Corporate Office: C-1, Phase – II, Focal Point,
Rajpura Town – 140 401, Punjab

Telephone: +91 1762 232126
Fax: +91 1762 232127
E-mail: [email protected]
Website: www.ambergroupindia.com

IPO DRHP / Prospectus

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