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Amber Enterprises gets SEBI’s nod to float IPO

12 Dec 2017 Evaluate

Appliance maker Amber Enterprises has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to float its initial public offering (IPO). The public offer will comprise a fresh issue of equity shares worth Rs 450 crore and sale of scrips to the tune of Rs 105 crore by promoters.

The company, which filed the draft red herring prospectus with the SEBI in September, got the regulator’s approval on December 05, 2017. The company will use the net proceeds for repayment and advance payment of certain loans and for other general corporate purposes. The lead managers for the issue are Edelweiss Financial Services, IDFC Bank, SBI Capital Markets and BNP Paribas.

Amber Enterprises (India), an original equipment manufacturer, manufactures air conditioners and its components for consumer durables. The company offers window and split air conditioners; and electrical motors, sheet metal components, injection molding solutions, plastic extrusions and vacuum forming products, and heat exchangers for various applications, including refrigerators, washing machines, coolers, auto mobiles, etc.

Amber Enterprises Share Price

7243.50 349.00 (5.06%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Voltas 1315.15
Blue Star 1689.55
Amber Enterprises 7243.50
Bosch Home Comfort 1337.10
EPACK Durable 238.95
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