Amber Enterprises India IPO
Amber Enterprises India IPO — date, price band, lot size & details 2018
Amber Enterprises India listed on 30 Jan 2018 at ₹1,175, 36.8% above the ₹859 issue price.
Amber Enterprises India is the market leader in room air conditioner design and manufacturing, making ACs and components for most top AC brands in India. Its total income was Rs 1,561.68 crore in FY2017.
Stock price
Amber Enterprises India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 17 Jan 2018
- Close 19 Jan 2018
- Allotment 24 Jan 2018
- Refund/credit 25 Jan 2018
- Listing 30 Jan 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 17 to 19 Jan, 2018 |
|---|---|
| Price Band | ₹855 – ₹859 |
| Face Value | ₹10 |
| Lot Size | 17 Shares |
| Issue Size | ₹599.6 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 85.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,603 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 17 shares at the ₹859 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had a 55.4% share of room air conditioner manufacturing in India.
- 02It makes ACs for 8 of the top 10 brands in India.
- 03Total income rose from Rs 980.44 crore in FY2016 to Rs 1,561.68 crore in FY2017.
- 04Rs 400.00 crore of the issue was for repaying borrowings.
Risks · 5
- 01Profit after tax was only Rs 30.09 crore on income of Rs 1,561.68 crore in FY2017.
- 02Total borrowing was Rs 389.37 crore on 30 September 2017, above its net worth.
- 03AC demand is seasonal and weather dependent; total income fell from Rs 1,087.45 crore in FY2015 to Rs 980.44 crore in FY2016.
- 04It depends on a few large brand customers, who can shift orders; total assets were Rs 1,095.30 crore.
- 05Promoter holding fell from 59.02% before the issue to 44.02% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Amber Enterprises India offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 1,095.30 | 1,212.21 | 1,045.63 | 936.81 |
| Total Income | 891.36 | 1,561.68 | 980.44 | 1,087.45 |
| Profit After Tax | 26.81 | 30.09 | 20.42 | 25.28 |
| NET Worth | 353.99 | 326.80 | 252.31 | 231.89 |
| Reserves and Surplus | 330.18 | 302.99 | 230.61 | 210.18 |
| Total Borrowing | 389.37 | 322.65 | 289.49 | 278.22 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹442.74 Cr of the issue is earmarked to named objects.
About the company
With a 55.4% market share, it is the market leader in room air conditioner design and manufacturing.
It makes RACs for 8 of the top 10 RAC brands in India, including Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool.
The IPO was Rs 599.6 crore, with Rs 474.68 crore of fresh issue and Rs 124.92 crore of offer for sale, at Rs 859, the top of the Rs 855 to Rs 859 band. Most of the fresh money was for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Amber Enterprises India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
BNP Paribas
10 issues handledBest listing: DOMS Industries (+77.2%). Weakest: Carraro India (-7.5%).
IDFC Bank Ltd
10 issues handledBest listing: Dixon Technologies (India) (+54.3%). Weakest: New India Assurance (-6.3%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Amber Enterprises India?
The current Grey Market Premium is ₹405, or 47% over the issue price.
What is the Amber Enterprises India IPO price band?
₹855 to ₹859, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 January 2018, with listing on 30 January 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
