Amber Enterprises India Limited Ipo

About 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.

Company financial

(Rs in millions)

Company Promoters

1.       JASBIR SINGH

2.       Daljit SINGH

Registrar to the issue

1.       Karvy computershare private limited

Lead Managers

1.       Edelweiss Financial Services Limited

2.       IDFC Bank Limited

3.       SBI Capital Markets Limited

4.       BNP Paribas

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.

Risk factors

1.   This being the first public issue of our Company, there has been no formal market for the Equity Shares.

2.      Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment.