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Should you subscribe for Amber Enterprises India IPO? - IndiaNotes.com
Should you subscribe for Amber Enterprises India IPO?
AUM CAPITAL | Published: 16 Jan, 2018  | Source : IndiaNotes.com

Amber Enterprises India Ltd. (AEIL) incorporated in 1990 is a Punjab based company and  promoted by Jasbir Singh and Daljit Singh. It is a market leader in Room  Air Conditioner  (RAC) original equipment manufacturer (OEM) and original design manufacturer (ODM)  in India, with a market share o f 55.4% in terms of volume in Fiscal 2017. AEIL is one of the most prominent players in RAC manufacturing and currently serves 8 out of 10 top RAC brands in India. In case of overall RAC market, it commands a volume share of 19.1% in Fiscal 2017 which grew from 14.7% in Fiscal 2015


Recommendation – AEIL is one of the leading RAC OEM/ODM manufacturer in India with strong  customer  base.  ‘Make  in  India’  initiative  of  GoI  gave  advantage  of  domestic manufacturers compared to import markets due to lower lead time and working capital cycle, greater flexibility to adjust with market trends and improving cost competitiveness would  help  in  company’s  growth  both  in  domestic  and  international  markets.  AEIL’s emphasis on R&D to develop, design and manufacture models of RACs, experience  team and multiple manufacturing  locations  allow  them  optimal  utilisation  of  facilities.  Hence, we recommend to SUBSCRIBE the issue for medium to long term perspective.

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About AUM CAPITAL

With a strong intellectual base coupled with an un-parallel bouquet of products and services, AUM Capital has emerged as the preferred advisor for the discerning customer. Their offerings span across Wealth Management, Equity Broking, International Finance, Trade Finance, Investment Banking, and Insurance, among othes, all of which ensure a holistic solution for the client. With exclusive services in the investment banking and securities business, they provide a full spectrum of services to all our clients and financial intermediaries. They can be reached at: www.aumcap.com/.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.