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Amber Enterprises India Limited IPO (Amber Enterprises IPO) Detail

January 17, 2018 - January 19, 2018

Amber Enterprises IPO is a book built issue of Rs 600.00 crores. The issue is a combination of fresh issue of Rs 475.00 crores and offer for sale of Rs 125.00 crores.

Amber Enterprises IPO bidding started from January 17, 2018 and ended on January 19, 2018. The allotment for Amber Enterprises IPO was finalized on Wednesday, January 24, 2018. The shares got listed on BSE, NSE on January 30, 2018.

Amber Enterprises IPO price band is set at ₹855 to ₹859 per share. The minimum lot size for an application is 17 Shares. The minimum amount of investment required by retail investors is ₹14,603.

Bnp Paribas, Edelweiss Financial Services Ltd, Idfc Bank Limited and SBI Capital Markets Limited are the book running lead managers of the Amber Enterprises IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Amber Enterprises IPO RHP for detailed information.

Amber Enterprises IPO Details

IPO Date January 17, 2018 to January 19, 2018
Listing Date January 30, 2018
Face Value ₹10 per share
Price Band ₹855 to ₹859 per share
Lot Size 17 Shares
Total Issue Size6,984,866 shares
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹475.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹125.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Amber Enterprises IPO Reservation

Amber Enterprises IPO offers 4,927,351 shares. 1,393,578 (28.28%) to QIB, 1,045,132 (21.21%) to NII, 2,438,641 (49.49%) to RII, 50,000 (1.01%) to employees. 143,449 RIIs will receive minimum 17 shares and (sNII) and (bNII) will receive minimum 238 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,393,578 (28.28%)NA
NII (HNI) Shares Offered1,045,132 (21.21%)
Retail Shares Offered2,438,641 (49.49%)143,449
Employee Shares Offered50,000 (1.01%)NA
Total Shares Offered4,927,351 (100%)

Amber Enterprises IPO Timeline (Tentative Schedule)

Amber Enterprises IPO opens on January 17, 2018, and closes on January 19, 2018.

IPO Open Date Wednesday, January 17, 2018
IPO Close Date Friday, January 19, 2018
Basis of Allotment Wednesday, January 24, 2018
Initiation of Refunds Thursday, January 25, 2018
Credit of Shares to Demat Monday, January 29, 2018
Listing Date Tuesday, January 30, 2018
Cut-off time for UPI mandate confirmation 5 PM on January 19, 2018

Amber Enterprises IPO Lot Size

Investors can bid for a minimum of 17 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 17 ₹14,603
Retail (Max) 13 221 ₹189,839
Lot Size Calculator

About Amber Enterprises India Limited

Incorporated in 1990, Amber Enterprises India Limited is Punjab based manufacturer of air conditioners and its component in India. With the market share of 55.4%, Amber is the market leader in the Room Air Conditioner (RAC) design and manufacturing. Amber manufacture these RAC's for 8 out of the 10 top RAC brands in India including Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool. These 8 brands have over 75% of market share in India.

Amber Enterprises Product portfolio:

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.

Company has a dedicated R&D centre located at our Rajpura facility which is equipped with a psychometric lab which is accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL) with ISO/IEC 17025:2005 certification and facilities for 3D modelling, quality and product testing and a dedicated team. Company has 10 manufacturing facilities across seven locations in India.

Competitive Strengths
1. Market leadership in the RAC OEM/ODM industry in India
2. One stop solutions provider for the RAC industry with high degree of backward integration
3. Strong customer relationships with the majority of leading RAC brands in India
4. R&D and product design capabilities leading to high proportion of ODM business.

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

Objects of the Issue (Amber Enterprises IPO Objectives)

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

1. The Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares. Company will not receive any proceeds from the Offer for Sale.

2. Fresh Issue
Company intends to utilize the Net Proceeds from the Fresh Issue towards the following objects:
a. Prepayment or repayment of all or a portion of certain borrowings availed by the Company; and
b. General corporate purposes.

Amber Enterprises IPO Review (Apply)

[Dilip Davda]  Although issue appears fully priced, considering bright prospects for RAC segment, investment in this offer may be considered for short to long term. (Subscribe).   Caption: L to R Mr. Daljit Singh-MD and Mr. Jasbir Singh- Chairman/CEO of Amber Enterprises Read detail review...

Amber Enterprises IPO Subscription Status (Bidding Detail)

The Amber Enterprises IPO is subscribed 165.38 times on January 19, 2018 8:00:00 PM. The public issue subscribed 11.57 times in the retail category, 174.99 times in the QIB category, and 519.26 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Amber Enterprises IPO Prospectus

Amber Enterprises IPO Rating

Rating:Rated 4.0 stars
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Amber Enterprises IPO Listing Details

Listing Date January 30, 2018
BSE Script Code 540902
ISIN INE371P01015
Final Issue Price ₹859 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Amber Enterprises India Limited Contact Details

Amber Enterprises India Limited
C-1, Phase � II, Focal Point,
Rajpura Town 140 401

Phone: +91 1762 232126

Amber Enterprises IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Amber Enterprises IPO - Buy or Not

Amber Enterprises IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 0 0
Members 0 0 0

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Amber Enterprises IPO FAQs

Amber Enterprises IPO is a main-board IPO of 6,984,866 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹855 to ₹859 per share. The minimum order quantity is 17 Shares.

The IPO opens on January 17, 2018, and closes on January 19, 2018.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Amber Enterprises IPO opens on January 17, 2018 and closes on January 19, 2018.

Amber Enterprises IPO lot size is 17 Shares, and the minimum amount required is ₹14,603.

You can apply in Amber Enterprises IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Amber Enterprises IPO will be done on Wednesday, January 24, 2018, and the allotted shares will be credited to your demat account by Monday, January 29, 2018. Check the Amber Enterprises IPO allotment status.

The Amber Enterprises IPO listing date is on January 30, 2018.
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Amber Enterprises IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



632. Dharmesh Vekariya |   Link |  Bookmark |March 6, 2018 7:42:41 PM








???? AMBER 3 OR 4 TIMES IN 1 YEAR ????✌



632.1. JAGAN MOHAN VUPPALA |   Link |  Bookmark |March 21, 2018 2:47:49 PM
When Amber results will come
631. Dharmesh Vekariya |   Link |  Bookmark |February 21, 2018 6:44:48 PM
Mere pas ipo ke time ke share hai hold kraba chahiye ki sale karana chahiye ? Please help me
630. Manofsteel |   Link |  Bookmark |February 21, 2018 12:36:54 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Buying Opportunity For Non-Allottees.
Rsi at 20.
With Summers approaching, this is going to be in huge uptrend.
630.1. KIRANMS |   Link |  Bookmark |February 21, 2018 12:41:48 PM
what would be the short term target?
630.2. Manofsteel |   Link |  Bookmark |February 21, 2018 12:53:58 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Can''t Give Any targets for short term as Overall Markets Seem very Volatile. But For Medium term I.e. 3 months to 6 months. Target can be 1300-1400.
As Summers are approaching and this company has a market share of 55% in the AC manufacturing industry.
629. Cool Sunshine |   Link |  Bookmark |February 8, 2018 11:47:57 AM
Today Dixon Technologies plunged by 7% (when the market had a good rise) after announcing below par results.

No stock is good or bad. One the initial IPO listing euphoria is over, it is all performance against expectation.

Despite being a decent stock, amber is no exception.

If you wish to re-enter or accumulate, IMO 1100-1150 is good range to re-enter.
628. Solution of Queries |   Link |  Bookmark |February 7, 2018 9:56:33 AM (1100+ Posts, 1400+ Likes)
Good stock for long term , hopefully most people holding this stock
627. ANANDA PRAJAPATI |   Link |  Bookmark |February 2, 2018 8:27:42 AM
627.1. ???????????????? ROY ???????????????? |   Link |  Bookmark |February 6, 2018 9:44:10 PM
"Mitron!!! Mujhe fakr hai ki hamari maitrik budget ko dekhke aapko mutravisrjan ki avashyakta nahi hui..."
626. Manofsteel |   Link |  Bookmark |February 5, 2018 11:07:10 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
This stock survived the tornado.
Surely it will survive a little wind now.
Positive views on Amber.
Hold and buy on Dips for an immediate target of 1300.
625. Cool Sunshine |   Link |  Bookmark |February 1, 2018 9:35:50 AM
If you wish to buy this stock for long term, suggest not to buy at current valuation.

Look to enter in the range 1100-1150.

For the IPO allotees, it depends on your investment horizon and risk profile.
625.1. Cool Sunshine |   Link |  Bookmark |February 5, 2018 4:30:24 PM
It gave the opportunity today to add between 1100-1150. Hope some of us were able to add.
624. DSR |   Link |  Bookmark |February 5, 2018 8:34:19 AM
Hadd ho gayi ..itna panic..aisa bhi Kya ho Gaya ?
623. Manofsteel |   Link |  Bookmark |February 5, 2018 12:57:45 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
I Also have 2 lots.
Sell call is only after summers as AC''s show huge demand. It''s a portfolio stock with 55% market share producing for companies having 75% share of the AC market.
Daikin, Hitachi, LG, Panasonic, Voltas, Whirlpool.etc
622. JAGAN MOHAN VUPPALA |   Link |  Bookmark |February 2, 2018 9:29:36 PM
Hi all,
I got Allotment of amber(1/1) and also holded still now, due to 2018-19 budget effect today market down to 800+(sense). In this market conditions shall I sell or hold amber shares for next 2-3 months. Kindly guide on this
622.1. Gavin |   Link |  Bookmark |February 3, 2018 9:16:59 AM
@ can easily get the range between 1450-1550 if you hold for 2-3 months imo.
even after 800+ sensex down fall Amber is not that drastically going down.

I got 2 lots of Amber out of 1 lot I have sold on listing day & hold another one for long term.
621. sonal patel |   Link |  Bookmark |January 29, 2018 12:33:22 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Amber Enterprise listing range 1320 to 1365..
hold for long term
621.3. chittorwale |   Link |  Bookmark |January 29, 2018 9:17:13 PM
Who did not get any allotment, what to do on listing
621.4. sonal patel |   Link |  Bookmark |February 1, 2018 9:14:03 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
finally target achieve. ..ya 3 days late. .but thoda to wait karna pade na...
620. ipo share |   Link |  Bookmark |January 31, 2018 11:30:52 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
As per today''s TOI, Govt may make abolish long term capital gain exemption.
Very greedy govt.
Want to take our money for free distribution in the form of bank loans and subsidy for election stunt.
620.1. Manofsteel |   Link |  Bookmark |January 31, 2018 5:26:23 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Might Not.
As Their Divestment plans will get hampered if stock market is affected so badly.
619. ipo share |   Link |  Bookmark |January 31, 2018 11:33:00 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Pl read - may abolish
618. ipo share |   Link |  Bookmark |January 31, 2018 11:31:58 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
pl read - may abolish
617. Rajnik Patel |   Link |  Bookmark |January 31, 2018 9:58:53 AM
Hold... Hold.... Hold.....
don''t sell Amber Enterprises Share it will give more profit
616. Neelesh Chouhan |   Link |  Bookmark |January 30, 2018 1:52:26 AM
Listing range 1270 to 1284
616.1. Neelesh Chouhan |   Link |  Bookmark |January 30, 2018 1:23:48 PM
abhi 1270 tak jayega
616.2. Neelesh Chouhan |   Link |  Bookmark |January 31, 2018 9:39:25 AM
aa gaya
615. gamble |   Link |  Bookmark |January 30, 2018 5:46:09 PM (1600+ Posts, 3900+ Likes)
@Amber and Newgen ... .
Listing as Expected (missed with 2-4% margin!!)......

But now both trading at above fair value(mine!) , just like any other secondary stock. so fresh buying is not advisable, yes can enter amber for longer term but M expecting buying may possible at lower level in upcoming days.

Imo Better idea is here to keep fund for strong fundamental small-mid caps in corrections than invest fresh in above ipo at these levels.

( here discussion is going on whom to follow,
Follow urself only, because either loss or profits, money is yours so decisions b also urs)
615.1. Huzefa |   Link |  Bookmark |January 31, 2018 7:21:06 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
@Gamble, I want to make stock market investment as my full time profession, rather than work for someone else and make them rich, i would rather work for myself and make myself rich. Can you suggest me good books to read so that I can analyse and research stocks my self instead of blindly reading someone else''s analysis!!!
615.2. DSR |   Link |  Bookmark |January 31, 2018 8:40:58 AM
Sir side query... FSC going down below IPO price. Can this be considered for further accumulation
614. amit K singh |   Link |  Bookmark |January 30, 2018 8:42:43 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Heard group of CA have suggested for zero income tax. Only very small 0.025% tax on all transactions applicable.
614.1. rsk |   Link |  Bookmark |January 31, 2018 7:45:30 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
how many ppl pay tax?
This govt is too greedy to reduce IT. Look at price of petrol, International prices are half of the peak, Re is 15% stonger and price of petrol is highest. Govt is eating money in excise. Going where? ppl may have stopped shitting in open but what abt stray/pet dog, cattle etc.
Oil price hurts all, tax cut will only help rich which is not going to come any way
613. puri |   Link |  Bookmark |January 30, 2018 10:28:08 PM
Target 1700-1800 hold Amber for few session.