Amber Enterprises (India) has debuted at Rs 1180 on the BSE, up by 321 points or 37.37% from its issue price of Rs 859.
The scrip is currently trading at Rs 1204.15, up by 345.15 points or 40.18% from its issue price. It has touched a high and low of Rs 1206.80 and Rs 1114.10 respectively. So far 8,14,000 shares were traded on the counter.
The offering, which was open for subscription between January 17 and January 19, was subscribed 165 times. The issue price was fixed at Rs 859 per share i.e. at upper end of price band of Rs 855 - 859 apiece.
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.
