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)
Is it only me who thinks it is very very expensive???
You are not the only one. All IPOs are costly and we investors are gullible to work on greater fool theory.
Amber allotted shares?
Yes buddy, 32 shares got allocated for me.
It’s expensive
business has vast potential, IPO …….. quality at price !
primium 475/-
application 650/-
This company thinks of itself as another Dixon but have a look at profit margins and PE ratios.
https://ipocentral.in/ipo-2017/dixon-technologies-ipo/
Dixon margin 2.05%, PE ratio at IPO 38.2
Amber margin 1.68% PE ratio at IPO 67.10
If anyone indeed makes money in this i IPO, selling is the first thing he should do after listing.
It’s an expensive stock.
I think it’s very very expensive…..and do not try to submitting…
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…
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…
Very very expensive.
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
Indeed very good anchor list
It’s very expensive
How much stock price we can expect. We can expect 950/- + after listing?
Minimum 400 is gmp as of date
Expect 50% upside
Amber allotted the shares?
On 25 th january
Afternoon
Thank you
how many listing date
Allotment is out
Check it
I got 2 allotments out of 4 applications. Feeling lucky,, can’t wait for listing now :)))
at wat time and date you had applied
I got 1 allotment.
Got 1 out of 7 applied
Gmp = 450 – 500. So listing is 1200/- – 1300/- .latest update.
Iam unable to sell & getting error message ” Security is not allowed to trade in this market”. can any body guide me
Try now. The market for buying and selling opens at 10!
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.