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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.
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 Size | 6,984,866 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 |
Share holding pre issue | 25,916,855 |
Share holding post issue | 31,446,540 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,393,578 (28.28%) | NA |
NII (HNI) Shares Offered | 1,045,132 (21.21%) | |
Retail Shares Offered | 2,438,641 (49.49%) | 143,449 |
Employee Shares Offered | 50,000 (1.01%) | NA |
Total Shares Offered | 4,927,351 (100%) |
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 |
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 |
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.
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 |
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.
[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...
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)
Category | Subscription (times) |
---|---|
QIB | 174.99 |
NII | 519.26 |
Retail | 11.57 |
Employee | 2.26 |
Total | 165.38 |
Listing Date | January 30, 2018 |
BSE Script Code | 540902 |
NSE Symbol | AMBER |
ISIN | INE371P01015 |
Final Issue Price | ₹859 per share |
Price Details |
---|
Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: amber.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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.
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