Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Wed, Jan 17, 2018 - Fri, Jan 19, 2018
Amber Enterprises IPO is a book build issue of ₹599.60 crores. The issue is a combination of fresh issue of 0.55 crore shares aggregating to ₹474.68 crores and offer for sale of 0.15 crore shares aggregating to ₹124.92 crores.
Amber Enterprises IPO bidding started from Jan 17, 2018 and ended on Jan 19, 2018. The allotment for Amber Enterprises IPO was finalized on Jan 24, 2018. The shares got listed on BSE, NSE on Jan 30, 2018.
Amber Enterprises IPO price band is set at ₹859 per share. The lot size for an application is 17. The minimum amount of investment required by an retail is ₹14,603 (17 shares) (based on upper price). The lot size investment for sNII is 14 lots (238 shares), amounting to ₹2,04,442, and for bNII, it is 69 lots (1,173 shares), amounting to ₹10,07,607.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹85.00 to the issue price.
BNP Paribas is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Amber Enterprises IPO RHP for detailed Information.
IPO Open
Wed, Jan 17, 2018
IPO Close
Fri, Jan 19, 2018
Issue Price
₹859 per share
Market Cap (Pre-IPO)
₹2,701.26 Cr
| IPO Date | 17 to 19 Jan, 2018 |
| Listed on | Tue, Jan 30, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹855 to ₹859 |
| Issue Price | ₹859 per share |
| Lot Size | 17 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹85.00 |
| Total Issue Size | 69,84,865 shares (agg. up to ₹600 Cr) |
| Fresh Issue | 55,29,685 shares (agg. up to ₹475 Cr) |
| Offer for Sale | 14,55,180 shares of ₹10 (agg. up to ₹125 Cr) |
| Share Holding Pre Issue | 2,59,16,855 shares |
| Share Holding Post Issue | 3,14,46,540 shares |
| BSE Script Code / NSE Symbol | 540902 / AMBER |
| ISIN | INE371P01015 |
Amber Enterprises IPO comprises a total issue size of 69,84,865 shares. The net offer to the public is 69,34,865 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 34,67,432 (50.00%) are allocated to QIB, 10,40,230 (15.00%) allocated to NII 24,27,203 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 34,67,432 | 50.00% | 49.64% | NA |
| − Anchor Investor Shares Offered | 20,80,459 | 29.79% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 13,86,973 | 19.86% | NA | |
| NII (HNI) Shares Offered | 10,40,230 | 15.00% | 14.89% | NA |
| Retail Shares Offered | 24,27,203 | 35.00% | 34.75% | 1,42,776 |
| Preferential Reservations | ||||
| Employee Shares Offered | 50,000 | 0.72% | NA | |
| Total Shares Offered | 69,84,865 | 100.00% | 100.00% | |
Investors can bid for a minimum of 17 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,603 |
| Retail (Max) | 13 | 221 | ₹1,89,839 |
| S-HNI (Min) | 14 | 238 | ₹2,04,442 |
| S-HNI (Max) | 68 | 1,156 | ₹9,93,004 |
| B-HNI (Min) | 69 | 1,173 | ₹10,07,607 |
Amber Enterprises IPO raises ₹178.71 crore from anchor investors. Amber Enterprises IPO Anchor bid date is January 16, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jan 16, 2018 |
| Shares Offered | 20,80,459 |
| Anchor Portion (₹ Cr.) | 178.71 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Feb 23, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Apr 24, 2018 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain borrowings availed by the Company | 400.00 |
| 2 | General corporate purposes | 42.74 |
The Amber Enterprises IPO is subscribed 165.38 times on January 19, 2018 8:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 174.99 | 13,93,578 | |
| NII | 519.26 | 10,45,132 | |
| Retail | 11.57 | 24,38,641 | |
| Employee | 2.26 | 50,000 | |
| Total | 165.38 | 49,27,351 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 16.13 |
| 2 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.34 |
| 3 | Fees payable to the Registrar to the Offer | 0.89 |
| 4 | Other advisors to the Offer | 2.24 |
| 5 | BSE and NSE Processing fees, SEBI filing fees, book building software fees | 1.70 |
| 6 | Advertising and marketing expenses, Printing and stationery | 6.05 |
| 7 | Miscellaneous (Listing fees, Audit Fees, Demat Charges, Others) | 1.91 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹859.00 | ₹859.00 |
| Open | ₹1,180.00 | ₹1,175.00 |
| Low | ₹1,114.10 | ₹1,115.00 |
| High | ₹1,263.00 | ₹1,269.00 |
| Last Trade | ₹1,237.25 | ₹1,245.25 |
Amber Enterprises IPO is a main-board IPO of 69,84,865 equity shares of the face value of ₹10 aggregating up to ₹600 Crores. The issue is priced at ₹859 per share. The minimum order quantity is 17.
The IPO opens on Wed, Jan 17, 2018, and closes on Fri, Jan 19, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Amber Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Amber Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Amber Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Amber Enterprises IPO opens on Wed, Jan 17, 2018 and closes on Fri, Jan 19, 2018.
Amber Enterprises IPO lot size is 17, and the minimum amount required for application is ₹14,603.
You can apply in Amber Enterprises IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Mon, Jan 29, 2018. Check the Amber Enterprises IPO allotment status.
The Amber Enterprises IPO listing date is on Tue, Jan 30, 2018.
