Amber Enterprises India Ltd, a
prominent solution provider for Air conditioner Industry in India, on Wednesday
said it will launch a Rs. 555 crore IPO on 17
January. The company has priced its shares ranging Rs. 855 - 859 per share,
which comprises a fresh issue of shares of Rs. 450 crore and an offer for sale
of shares of Rs. 105 by promoters of the firm Jasbir Singh & Daljit Singh. The
offering closes on 19 January.
In the fiscal 2016-17, Amber
Enterprises India Limited’s posted revenue of Rs. 1652.20 cr, up from Rs. 1092.10
cr, in the previous year. The company earned a profit of Rs. 27.8 cr, up from
Rs. 24.1 cr, in the previous year.
Investment banks Edelweiss Fin
Services Ltd, SBI Capital Markets, IDFC Bank Ltd and BNP Paribas are managing
the share sale.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.