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Thursday, 11 January 2018

Amber Enterprises to launch Rs. 555 crore IPO on 17 January

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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.


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