Amber Enterprises IPO:GMP, Issue Size, Issue Price and Important dates

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Amber Enterprises IPO manufacturer of air conditioners and its component in India and is all set to make a debut in the stock market with an issue size of 600 Cr.  

Amber Enterprises IPO – Overview    

Issue Date           17-19 Jan -2018 
IPO Opening Date           17 Jan 2018 
IPO Face Value           INR 10 per share           
IPO Price           INR 859 per share          
IPO Lot Size           17 Shares          
Issue Size           600 Cr      
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             174.99 times 
NII (HNI) Shares           519.26 times 
Company Promoters             
Karda Construction IPO

Tentative Dates           

AMBER ENTERPRISES IPO opening date           17 Jan 2018  
AMBER ENTERPRISES IPO closing date           19 Jan 2018  
Basis of Allotment           24 Jan 2018 
Initiation of Refunds           25 Jan 2018 
The credit of Shares to Demat          29 Jan 2018 
AMBER ENTERPRISES IPO Listing Date           30 Jan 2018 
Karda Construction IPO

Company Overview    

Amber Enterprises India Limited is Punjab based manufacturer of air conditioners and its component in India. With a market share of 55.4%, Amber is the market leader in 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. 

Industry Overview    

The RAC market revenues are expected to grow at a CAGR of 15.6% from Fiscal 2017 to Fiscal 2022 to reach a market size of ₹ 246.1 billion in 2022. It is to be noted that during the forecast period, the average selling prices of RAC are expected to increase further. The price rise is attributed to rising raw material costs, and the impact of energy efficiency technology infusion among others. Although RAC prices have remained stable in 2016, OEMs are expected to pass on the cost increase to customers to retain their margins. 


  • 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. 

Financial Statements          

Particulars          31-March-17 31-Mar-16   31-Mar-15 
Total Assets          12,865.68 11,149.91 10,058.49 
Total Revenue          16,522.55 10,921.15 12,364.67 
Profit After Tax          278.99 241.04  287.73 

Company Contact Information 

Amber Enterprises India Limited 
C-1, Phase � II, Focal Point, 
Rajpura Town 140 401 
Phone: +91 1762 232126 

Amber Enterprises IPO Registrar 

KFin Technologies Limited 
Phone: 04067162222, 04079611000 

Amber Enterprises IPO Lead Manager(s) 

  1. BNP Paribas (Past IPO Performance) 
  1. Edelweiss Financial Services Ltd (Past IPO Performance) 
  1. IDFC Bank Limited (Past IPO Performance) 
  1. SBI Capital Markets Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 


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