Amber Enterprises IPO

Amber Enterprises IPO

Amber Enterprises IPO

Business description - Amber Enterprises is a market leader in the RAC (Room Air Conditioner) OEM/ODM industry in India with a market share of 55.4% in terms of volume in Fiscal 2017. It is a one-stop solutions provider for the major brands in the RAC industry and currently serves eight out of the 10 top RAC brands in India. It has a diversified product portfolio of RACs up to 2 tons, RAC components such as heat exchangers, motors and multi-flow condensers and components for other consumer durables and automobiles such as 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.

Its key customers include leading RAC brands such as Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool. Its customers command around 75% share in the Indian RAC market in Fiscal 2017. It has a dedicated R&D centre located at its Rajpura facility. The R&D centre 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.

Promoters of Amber Enterprises - Jasbir Singh and Daljit Singh 
Amber Enterprises IPO details
Subscription Dates 17 - 19 January 2018
Price Band INR855 - 859 per share
Fresh issue INR475 crore
Offer For Sale INR125 crore
Total IPO size INR600 crore
Minimum bid (lot size) 17 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Use of funds
  • Prepayment or repayment of all or a portion of certain borrowings - INR400 crore
  • General Corporate purposes - remaining amount
Amber Enterprises’ financial performance (in INR crore)
  FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenues 882.3 979.7 1,236.5 1,092.1 1,652.3 941.6
Total expenses 853.2 949.2 1,196.1 1,059.4 1,613.9 904.0
Profit after tax 19.5 21.6 28.8 24.1 27.9 27.3
Net margin (%) 2.2 2.2 2.3 2.2 1.7 2.9

Amber Enterprises Contact Details

Amber Enterprises India Limited 
Universal Trade Tower, 1st Floor
Sector – 49, Sohna Road
Gurgaon – 122 018

Phone: +91 124 3923 000
Fax: 
+91 124 3923 016
Email:
[email protected]
Website: www.ambergroupindia.com

Registrar of Amber Enterprises 

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Valuation of Amber Enterprises (Based on latest FY)

Earnings Per Share (EPS): INR12.80

Price/Earnings (P/E) ratio: 66.79 - 67.10

Return on Net Worth (RONW): 8.33%

Net Asset Value (NAV): INR140.67 per share

Amber Enterprises IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 1,393,578 2.02 6.03 174.98
NII 1,045,132 0.10 0.49 519.26
Retail 2,438,641 0.88 3.61 10.63
Employees 50,000 0.33 1.25 2.25
Total 4,927,351 1.03 3.60 164.91

Amber Enterprises IPO Allotment Status

Amber Enterprises IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing Performance of Amber Enterprises 

IPO Opening Date: 17 January 2018

IPO Closing Date: 19 January 2018

Finalisation of Basis of Allotment: 24 January 2018

Initiation of refunds: 25 January 2018

Transfer of shares to demat accounts: 29 January 2018

Listing Date: 30 January 2018

Listing Price on NSE: INR1,175 per share (up 36.79% from IPO price)

Closing Price on NSE: INR1,245.25 per share (up 44.96% from IPO price)

31 COMMENTS

  1. Amber had a good listing but the share price is still less than what many other websites were claiming on the basis of GMP. IPOcentral was the closet to the actual listing price.

  2. Super anchor book! Sold 20.8 lakh equity shares to 15 anchor investors for Rs. 178.71 crore
    Abu Dhabi Investment Authority
    Blackrock India Equities Mauritius Limited
    Goldman Sachs India Limited
    Kuwait Investment Authority Fund
    ICICI Prudential Business Cycle Fund Series 2
    ICICI Prudential Value Fund – Series 10
    HDFC Small Cap Fund
    SBI Magnum Multicap Fund
    Reliance Small Cap Fund
    Aditya Birla Sun Life
    DSP Blackrock
    ICICI Prudential Life Insurance
    HDFC Standard Life Insurance

    Best of the investors have become anchor

  3. It is expensive but I ythink we can buy and margins will be better this year. Look at the profits in H1 things are getting better now…

  4. Pe is high…so is eps.. proceeds go to reduce debt .. must be high debt…
    Debt reduced….pat will.increase and so will margins

    Got to see the balance sheet here…

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