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Amber Enterprises India Limited IPO (Amber Enterprises IPO) Detail

Jan 17, 2018 - Jan 19, 2018

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:

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 Details

Amber Enterprises IPO Date Jan 17, 2018 to Jan 19, 2018
Amber Enterprises IPO Face Value ₹10 per share
Amber Enterprises IPO Price ₹855 to ₹859 per share
Amber Enterprises IPO Lot Size 17 Shares
Issue Size6,984,866 shares of ₹10
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] shares of ₹10
(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 Timeline (Tentative Timetable)

Amber Enterprises IPO opens on Jan 17, 2018, and closes on Jan 19, 2018. The Amber Enterprises IPO bid date is from Jan 17, 2018 10.00 A.M. to Jan 19, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Amber Enterprises IPO Opening Date Jan 17, 2018
Amber Enterprises IPO Closing Date Jan 19, 2018
Basis of Allotment Jan 24, 2018
Initiation of Refunds Jan 25, 2018
Credit of Shares to Demat Jan 29, 2018
Amber Enterprises IPO Listing Date Jan 30, 2018

Amber Enterprises IPO Lot Size

The Amber Enterprises IPO lot size is 17 shares. A retail-individual investor can apply for up to 13 lots (221 shares or ₹189,839).

Application Lots Shares Amount
Minimum 1 17 ₹14,603
Maximum 13 221 ₹189,839

Amber Enterprises IPO Review

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...

New Amber Enterprises IPO Recommendation by Members

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Amber Enterprises IPO Subscription Status (Bidding Detail)

The Amber Enterprises IPO is subscribed 165.38 times on Jan 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)
QIB174.99
NII519.26
Retail11.57
Employee2.26
Total165.38

Amber Enterprises IPO Prospectus

Amber Enterprises IPO Rating

964
4.0
Rating:Rated 4.0 stars
Vote Here ...

Amber Enterprises IPO Listing Date

Listing Date Tuesday, January 30, 2018
BSE Script Code 540902
NSE Symbol AMBER
Listing In
ISIN INE371P01015
IPO Price ₹859 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹859.00
₹1,180.00
₹1,114.10
₹1,263.00
₹1,237.25
NSE
₹859.00
₹1,175.00
₹1,115.00
₹1,269.00
₹1,245.25

Company Contact Information

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

Phone: +91 1762 232126
Email: info@ambergroupindia.com
Website: http://www.ambergroupindia.com/

Amber Enterprises IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: amber.ipo@karvy.com
Website: https://karisma.kfintech.com/

Amber Enterprises IPO Reviews / Ratings

  • Angel Broking - Apply
  • AUM Capital Ltd - Apply
  • Dilip Davda - Apply
  • Hem Securities - Apply
  • ICICI Direct - Apply
  • SMC Global - Not Rated

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 Jan 17, 2018, and closes on Jan 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 Jan 17, 2018 and closes on Jan 19, 2018.

Amber Enterprises IPO lot size is 17 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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1202 Comments

632. Dharmesh Vekariya |   Link |Mar 6, 2018 7:42:41 PM
RAM:
RAM:
????????????????????????????????????????????????????????

​AMBER

???? RESULT COMING ON 9-3-2018 AND RESULTS COMING SUPERB ????✈️

???? A SUPERB COMPANY A.C. SPARE PARTS MANUFACTURER ????

???? AMBER IS LEADING MANUFACTURER OF A.C. SPARE PARTS IN INDIA ????

???? AMBER IS HOLDING 55 PERCENT MARKET CAPS OF ALL A.C. DEALERS IN INDIA ☄

???? AMBER''S CLIENTS LIST

????????????????????????????????????????
​VOLTAS​
​LG​
​HITACHI​
​VIDEOCON​
​LLOYD​
​SAMSUNG​

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

???? NOW SUMMER STARTING SO A.C. MANUFACTURERS COMPANY HOT ????

???? AMBER IS BEST BUY NOW ⭐️

????????????????????????????????????????????????????????
632.1. JAGAN MOHAN VUPPALA |   Link |Mar 21, 2018 2:47:49 PM
When Amber results will come
631. Dharmesh Vekariya |   Link |Feb 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 |Feb 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 |Feb 21, 2018 12:41:48 PM
what would be the short term target?
630.2. Manofsteel |   Link |Feb 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 |Feb 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 |Feb 7, 2018 9:56:33 AM
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
Good stock for long term , hopefully most people holding this stock
627. ANANDA PRAJAPATI |   Link |Feb 2, 2018 8:27:42 AM
MITRO KAL RAT KO CHAND DEKHA THA NAA ….. AAJ DIN ME TARE DEKHNA
627.1. ???????????????? ROY ???????????????? |   Link |Feb 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 |Feb 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 |Feb 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 |Feb 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 |Feb 5, 2018 8:34:19 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Hadd ho gayi ..itna panic..aisa bhi Kya ho Gaya ?
623. Manofsteel |   Link |Feb 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 |Feb 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 |Feb 3, 2018 9:16:59 AM
@ Jagan....you 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 |Jan 29, 2018 12:33:22 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
Amber Enterprise listing range 1320 to 1365..
hold for long term
621.3. chittorwale |   Link |Jan 29, 2018 9:17:13 PM
Who did not get any allotment, what to do on listing
621.4. sonal patel |   Link |Feb 1, 2018 9:14:03 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
finally target achieve. ..ya 3 days late. .but thoda to wait karna pade na...
620. ipo share |   Link |Jan 31, 2018 11:30:52 AM
Top Contributor Top Contributor (200+ Posts, 300+ 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 |Jan 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 |Jan 31, 2018 11:33:00 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Pl read - may abolish
618. ipo share |   Link |Jan 31, 2018 11:31:58 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
pl read - may abolish
617. Rajnik Patel |   Link |Jan 31, 2018 9:58:53 AM
Hold... Hold.... Hold.....
don''t sell Amber Enterprises Share it will give more profit
616. Neelesh Chouhan |   Link |Jan 30, 2018 1:52:26 AM
Listing range 1270 to 1284
616.1. Neelesh Chouhan |   Link |Jan 30, 2018 1:23:48 PM
abhi 1270 tak jayega
616.2. Neelesh Chouhan |   Link |Jan 31, 2018 9:39:25 AM
aa gaya
615. gamble |   Link |Jan 30, 2018 5:46:09 PM
IPO Guru IPO Guru (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 |Jan 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 |Jan 31, 2018 8:40:58 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Sir side query... FSC going down below IPO price. Can this be considered for further accumulation
614. amit K singh |   Link |Jan 30, 2018 8:42:43 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ 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 |Jan 31, 2018 7:45:30 AM
Top Contributor Top Contributor (400+ Posts, 200+ 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 |Jan 30, 2018 10:28:08 PM
Target 1700-1800 hold Amber for few session.