My view
A must apply for decent gain of around 50%
A good growing company
Must Apply
If having fund problem give first preference to amber enterprise
A must apply for decent gain of around 50%
A good growing company
Must Apply
If having fund problem give first preference to amber enterprise
Short Note about the Company:
Punjab based Amber Enterprises India Limited (Incorporated in 1990) is 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 . The company manufactures 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.The Company has 10 manufacturing facilities across seven locations in India.
The Product portfolio includes :
Punjab based Amber Enterprises India Limited (Incorporated in 1990) is 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 . The company manufactures 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.The Company has 10 manufacturing facilities across seven locations in India.
The Product portfolio includes :
1. Room Air Conditioners : This includes window air conditioners and indoor units and outdoor units of split air conditioners.
2. RAC Components : Critical components 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.
2. RAC Components : Critical components 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.
The Company has a dedicated R&D centre at its Rajpura facility which is equipped and 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 The
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
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
The promoters :
JASBIR SINGH AND DALJIT SINGH
JASBIR SINGH AND DALJIT SINGH
Main object of the issue is:
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
1. The Offer for Sale
The 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 mainly towards Prepayment or repayment of all or a portion of certain borrowings availed by the Company.
The 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 mainly towards Prepayment or repayment of all or a portion of certain borrowings availed by the Company.
IPO Particulars:
IPO Opens on : 17th Janaury 2018
IPO Closes on : 19th January 2018
Issue Type: Book Built Issue IPO
Issue Size:[.] Equity Shares of Rs 10 aggregating up to INR 600.00 Cr
#Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to INR475.00 Cr
#Offer for Sale of [.] Equity Shares of Rs 10 aggregating up to INR 125.00 Cr
Face Value: INR 10 per Share
Price Band: INR 855-859 Per Equity Share
Minimum Order Quantity:17 Shares
Listing will at: NSE,BSE
Shares offered to NIIs:15%
Shares offered to NIIs
Shares offered to RIIs: 35%
Shares offered to RIIs:
Tentative Timetable:
IPO Closes on 19 Janaury 2018
Finalisation of Allotment : 24 January 2018
Refund : 25 January 2018
Transfer of Shares to Demat A/c:29 January 2018
Listing Expected on 30 January 2018
IPO Closes on : 19th January 2018
Issue Type: Book Built Issue IPO
Issue Size:[.] Equity Shares of Rs 10 aggregating up to INR 600.00 Cr
#Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to INR475.00 Cr
#Offer for Sale of [.] Equity Shares of Rs 10 aggregating up to INR 125.00 Cr
Face Value: INR 10 per Share
Price Band: INR 855-859 Per Equity Share
Minimum Order Quantity:17 Shares
Listing will at: NSE,BSE
Shares offered to NIIs:15%
Shares offered to NIIs
Shares offered to RIIs: 35%
Shares offered to RIIs:
Tentative Timetable:
IPO Closes on 19 Janaury 2018
Finalisation of Allotment : 24 January 2018
Refund : 25 January 2018
Transfer of Shares to Demat A/c:29 January 2018
Listing Expected on 30 January 2018
Financials:
Total Income of 2016-17 INR.1652.30 Crore
Net Profit of 2016-17 INR 27.90 Crore
Earnings per Share (EPS) INR 12.80
Equity Capital as on 31.3.2017
Equity Capital after the IPO: Rs.
Upper Price Band/last EPS:67.10
Book Value of the Share as per last Balancesheet INR 140.67
Upper offer price/Book Value Ratio: 6.11
Total Income of 2016-17 INR.1652.30 Crore
Net Profit of 2016-17 INR 27.90 Crore
Earnings per Share (EPS) INR 12.80
Equity Capital as on 31.3.2017
Equity Capital after the IPO: Rs.
Upper Price Band/last EPS:67.10
Book Value of the Share as per last Balancesheet INR 140.67
Upper offer price/Book Value Ratio: 6.11
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