Company & Business Profile
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.
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.
Objects of the Issue
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
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.
Fresh Issue: The objects for which the net proceeds of the Fresh Issue will be utilized are as:
a. Prepayment or repayment of all or a portion of certain borrowings availed by the Company; and
b. General corporate purposes
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Apply in IPO now in ASBA mode, to apply call us at 91-7024471019.