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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 ₹859.00 per share . The lot size for an application is 17. The minimum amount of investment required by an retail is ₹14,535 (17 shares). 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 Date | January 17, 2018 to January 19, 2018 |
| Listing Date | January 30, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹855 to ₹859 per share |
| Issue Price Final | ₹859 per share |
| Lot Size | 17 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 69,84,865 shares (aggregating up to ₹599.60 Cr) |
| Fresh Issue | 55,29,685 shares (aggregating up to ₹474.68 Cr) |
| Offer for Sale | 14,55,180 shares of ₹10 (aggregating up to ₹124.92 Cr) |
| Employee Discount | ₹85.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,59,16,855 shares |
| Share Holding Post Issue | 3,14,46,540 shares |
Amber Enterprises IPO offers total 69,84,865 shares. Out of which 34,67,432 (49.64%) allocated to QIB, 13,86,973 (19.86%) allocated to QIB, 10,40,230 (14.89%) allocated to NII, 24,27,203 (34.75%) allocated to RII and 20,80,459 (29.79%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 34,67,432 (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 (14.89%) | NA |
| Retail Shares Offered | 24,27,203 (34.75%) | 1,42,776 |
| Employee Shares Offered | 50,000 (0.72%) | NA |
| Total Shares Offered | 69,84,865 (100.00%) |
| 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 |
Amber Enterprises IPO opens on January 17, 2018, and closes on January 19, 2018.
| IPO Open Date | Wed, Jan 17, 2018 |
| IPO Close Date | Fri, Jan 19, 2018 |
| Tentative Allotment | Wed, Jan 24, 2018 |
| Initiation of Refunds | Thu, Jan 25, 2018 |
| Credit of Shares to Demat | Mon, Jan 29, 2018 |
| Tentative Listing Date | Tue, Jan 30, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 19, 2018 |
Investors can bid for a minimum of 17 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 Company Amber Enterprises IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain borrowings availed by the Company | 400.00 |
| 2 | General corporate purposes | 42.74 |
[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...
| Listing Date | January 30, 2018 |
| BSE Script Code | 540902 |
| NSE Symbol | AMBER |
| ISIN | INE371P01015 |
| Final Issue Price | ₹859 per share |
Amber Enterprises India Ltd.
C-1, Phase – II, Focal Point,
Rajpura Town 140 401
Rajpura, Punjab
Phone: +91 1762 232126
Email: info@ambergroupindia.com
Website: http://www.ambergroupindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: amber.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Amber Enterprises IPO is a main-board IPO of 69,84,865 equity shares of the face value of ₹10 aggregating up to ₹599.60 Crores. The issue is priced at ₹859 per share. The minimum order quantity is 17.
The IPO opens on January 17, 2018, and closes on January 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 January 17, 2018 and closes on January 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 Monday, January 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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