Business description – Amber Enterprises is a market leader in the RAC (Room Air Conditioner) OEM/ODM industry in India with a market share of 55.4% in terms of volume in Fiscal 2017. It is a one-stop solutions provider for the major brands in the RAC industry and currently serves eight out of the 10 top RAC brands in India. It has a diversified product portfolio of RACs up to 2 tons, RAC components such as heat exchangers, motors and multi-flow condensers and components for other consumer durables and automobiles such as 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.
Its key customers include leading RAC brands such as Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool. Its customers command around 75% share in the Indian RAC market in Fiscal 2017. It has a dedicated R&D centre located at its Rajpura facility. The R&D centre 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.
Amber Enterprises Product portfolio:
- Room Air Conditioners (RACs) – This includes window air conditioners and indoor units and outdoor units of split air conditioners.
- RAC Components – Critical and reliability functional components of RACs such as heat exchangers, motors and multi-flow condensers.
- 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
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 Financials:
| Summary of financial Information (Restated Consolidated) | ||||||
| Particulars | For the year/period ended (in Rs. million) | |||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 12,865.68 | 11,149.91 | 10,058.49 | 8,610.85 | 7,511.64 | |
| Total Revenue | 16,522.55 | 10,921.15 | 12,364.67 | 9,797.00 | 8,823.37 | |
| Profit After Tax | 278.99 | 241.04 | 287.73 | 222.04 | 196.99 | |
Objects of the Issue:
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
- 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. - 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.
Promoters of Amber Enterprises – Jasbir Singh and Daljit Singh
| Amber Enterprises IPO details | |
| Subscription Dates | 17 – 19 January 2018 |
| Price Band | INR855 – 859 per share |
| Fresh issue | INR475 crore |
| Offer For Sale | INR125 crore |
| Total IPO size | INR600 crore |
| Minimum bid (lot size) | 17 shares |
| Face Value | INR10 per share |
Please contact us today for application at 033 40266300
