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Amber Enterprises India IPO Prospectus
What Are Analysts Saying?
Amber Enterprises India IPO: Subscribe to the issue
SPA Securities, 17 Jan 2018
The Company plans to reduce its debt (~INR 3700 mn) with the IPO proceeds (~INR 4750 mn) which translates into an EPS of INR 27 for FY19E from INR 12 for FY17 assuming similar utilization levels.
Amber Enterprises IPO: Subscribe with Long Term View
Nirmal Bang, 17 Jan 2018
We like the industry and the backward integrated business model of the company. We believe the investment phase of the company is now coming to end and hence the benefits would stat reflecting on the numbers along with the healthier balance sheet status. We recommend investors to subscribe the issue for long term gains.
Subscribe to Amber Enterprises India IPO
Hem Securities, 16 Jan 2018
Co being market leader in RAC OEM/ODM industry in India have reputed clientele with strong track record of financial performance.Looking after strong future prospects of co with decent fundamentals, , we recommend “Subscribe” on issue.
Should you subscribe for Amber Enterprises India IPO?
AUM CAPITAL, 16 Jan 2018
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.
Issue Details
Open Date: 17 Jan 18
Close Date: 19 Jan 18
Offer Price: Rs. 855
Issue Size: Rs. 600 Cr
Min Application Amount:
Rs. 14535
Min bid (No. of shares): 17
Listing Exchanges: BSE, NSE
About the Company
"Incorporated in 1990, Amber Enterprises India Limited is Punjab based 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 (RAC) design and manufacturing. Amber manufacture these 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.

Amber Enterprises Product portfolio:

1. Room Air Conditioners (RACs) - This includes window air conditioners and indoor units and outdoor units of split air conditioners.

2. RAC Components - Critical and reliability functional components of RACs 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.

Company has a dedicated R&D centre located at our Rajpura facility which is equipped with a psychometric lab which 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 and a dedicated team. Company has 10 manufacturing facilities across seven locations in India.

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."
Objective of the Issue
"Objects of the Issue:

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

1. The Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares. 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 towards the following objects:
a. Prepayment or repayment of all or a portion of certain borrowings availed by the Company; and
b. General corporate purposes."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -