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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
Issue OpenJan 17, 2018 - Jan 19, 2018
Issue TypeBook Built Issue IPO
Issue Size6,984,866 Eq Shares of Rs 10
(aggregating up to Rs 600.00 Cr)
Fresh Issue[.] Eq Shares of Rs 10
(aggregating up to Rs 475.00 Cr)
Offer for Sale[.] Eq Shares of Rs 10
(aggregating up to Rs 125.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 855 - Rs 859 Per Equity Share
Market Lot17 Shares
Min Order Quantity17 Shares
Listing AtBSE, NSE
Amber Enterprises IPO Tentative Date / Timetable
Bid/Offer Opens OnJan 17, 2018
Bid/Offer Closes OnJan 19, 2018
Finalisation of Basis of AllotmentJan 24, 2018
Initiation of RefundsJan 25, 2018
Credit of Shares to Demat Acct:Jan 29, 2018
IPO Shares Listing Date:Jan 30, 2018

Amber Enterprises IPO Subscription Status (Live)

Amber Enterprises IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

1,393,578

1,045,132

2,438,641

50,000

4,927,351

Jan 19, 2018 20:00

174.99x

519.26x

11.57x

2.26x

165.38x

Amber Enterprises IPO Prospectus

Amber Enterprises IPO Rating

964
4.0
Rating:Rated 4.0 stars

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Amber Enterprises IPO Listing Date

  •   ›  Listing Date: Tuesday, January 30, 2018
  •   ›  BSE Script Code: 540902
  •   ›  NSE Symbol: AMBER
  •   ›  Listing In:
  •   ›  ISIN: INE371P01015
  •   ›  Issue Price: Rs 859 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 859.00
Rs 1,180.00
Rs 1,114.10
Rs 1,263.00
Rs 1,237.25
1,800,863
NSE
Rs 859.00
Rs 1,175.00
Rs 1,115.00
Rs 1,269.00
Rs 1,245.25
10,960,671

Amber Enterprises IPO Reviews / Ratings

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SMC Research: 2.5/5
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Company Contact Information

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

Phone: +91 1762 232126
Fax: +91 1762 232127
Email: info@ambergroupindia.com
Website: http://www.ambergroupindia.com/

Amber Enterprises IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: amber.ipo@karvy.com
Website: http://karisma.karvy.com

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Amber Enterprises IPO Review / Comments

avatar
632. Dharmesh Vekariya  Mar 6, 2018 19:42 I Like It. 1 | Report Abuse
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 ⭐️

🏖🏖🏖🏖🏖🏖🏖🏖🏖🏖🏖🏖🏖🏖
avatar
632.1. JAGAN MOHAN VUPPALA  Mar 21, 2018 14:47 I Like It. | Report Abuse
When Amber results will come
avatar
631. Dharmesh Vekariya  Feb 21, 2018 18:44 I Like It. | Report Abuse
Mere pas ipo ke time ke share hai hold kraba chahiye ki sale karana chahiye ? Please help me
avatar
630. Manofsteel  Feb 21, 2018 00:36 I Like It. | Report Abuse
Buying Opportunity For Non-Allottees.
Rsi at 20.
With Summers approaching, this is going to be in huge uptrend.
avatar
630.1. KIRANMS  Feb 21, 2018 12:41 I Like It. | Report Abuse
what would be the short term target?
avatar
630.2. Manofsteel  Feb 21, 2018 12:53 I Like It. | Report Abuse
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.
avatar
629. Cool Sunshine  Feb 8, 2018 11:47 I Like It. 3 | Report Abuse
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.
avatar
628. Solution of Queries  Feb 7, 2018 09:56 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
Good stock for long term , hopefully most people holding this stock
avatar
627. ANANDA PRAJAPATI  Feb 2, 2018 08:27 I Like It. 6 | Report Abuse
MITRO KAL RAT KO CHAND DEKHA THA NAA ….. AAJ DIN ME TARE DEKHNA
avatar
"Mitron!!! Mujhe fakr hai ki hamari maitrik budget ko dekhke aapko mutravisrjan ki avashyakta nahi hui..."
avatar
626. Manofsteel  Feb 5, 2018 23:07 I Like It. | Report Abuse
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.
avatar
625. Cool Sunshine  Feb 1, 2018 09:35 I Like It. 4 | Report Abuse
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.
avatar
625.1. Cool Sunshine  Feb 5, 2018 16:30 I Like It. 3 | Report Abuse
It gave the opportunity today to add between 1100-1150. Hope some of us were able to add.
avatar
624. DSR  Feb 5, 2018 08:34 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Hadd ho gayi ..itna panic..aisa bhi Kya ho Gaya ?
avatar
623. Manofsteel  Feb 5, 2018 00:57 I Like It. | Report Abuse
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
avatar
622. JAGAN MOHAN VUPPALA  Feb 2, 2018 21:29 I Like It. | Report Abuse
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
avatar
622.1. Gavin  Feb 3, 2018 09:16 I Like It. 1 | Report Abuse
@ 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.
avatar
621. sonal patel  Jan 29, 2018 12:33 I Like It. 23 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1300+ Likes)
Amber Enterprise listing range 1320 to 1365..
hold for long term
avatar
621.3. chittorwale  Jan 29, 2018 21:17 I Like It. | Report Abuse
Who did not get any allotment, what to do on listing
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621.4. sonal patel  Feb 1, 2018 21:14 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1300+ Likes)
finally target achieve. ..ya 3 days late. .but thoda to wait karna pade na...
avatar
620. ipo share  Jan 31, 2018 11:30 I Like It. | Report Abuse
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.
avatar
620.1. Manofsteel  Jan 31, 2018 17:26 I Like It. | Report Abuse
Might Not.
As Their Divestment plans will get hampered if stock market is affected so badly.
avatar
619. ipo share  Jan 31, 2018 11:33 I Like It. | Report Abuse
Pl read - may abolish
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618. ipo share  Jan 31, 2018 11:31 I Like It. | Report Abuse
pl read - may abolish
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617. Rajnik Patel  Jan 31, 2018 09:58 I Like It. 1 | Report Abuse
Hold... Hold.... Hold.....
don''t sell Amber Enterprises Share it will give more profit
avatar
616. Neelesh Chouhan  Jan 30, 2018 01:52 I Like It. | Report Abuse
Listing range 1270 to 1284
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616.1. Neelesh Chouhan  Jan 30, 2018 13:23 I Like It. | Report Abuse
abhi 1270 tak jayega
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616.2. Neelesh Chouhan  Jan 31, 2018 09:39 I Like It. | Report Abuse
aa gaya
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615. gamble  Jan 30, 2018 17:46 I Like It. 12 | Report Abuse
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)
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615.1. Huzefa  Jan 31, 2018 07:21 I Like It. 1 | Report Abuse
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!!!
avatar
615.2. DSR  Jan 31, 2018 08:40 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sir side query... FSC going down below IPO price. Can this be considered for further accumulation
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614. amit K singh  Jan 30, 2018 20:42 I Like It. | Report Abuse
Heard group of CA have suggested for zero income tax. Only very small 0.025% tax on all transactions applicable.
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614.1. rsk  Jan 31, 2018 07:45 I Like It. 1 | Report Abuse
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
avatar
613. puri  Jan 30, 2018 22:28 I Like It. 2 | Report Abuse
Target 1700-1800 hold Amber for few session.
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