Amber Enterprises India Limited has finalized allocation of 20,80,459 Equity Shares in aggregate, to Anchor Investors at Anchor Investor allocation price of Rs. 859 per Equity Share (upper end of the Price Band) aggregating to Rs. 178.71 crore to 15 anchor investors.
The Anchor Investors Include: Abu Dhabi Investment Authority – Behave (9.46% of the total Anchor Portion); Blackrock India Equities Mauritius Limited (6.47%); Goldman Sachs India Limited (6.47%); Kuwait Investment Authority Fund 225 (6.47%); ICICI Prudential Business Cycle Fund Series 2 (4.48%); ICICI Prudential Value Fund – Series 10 (1.99%); HDFC Small Cap Fund(6.47%); SBI Magnum Multicap Fund (6.47%); Reliance Capital Trustee Co Ltd A/C Reliance Small Cap Fund (6.47%); Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Balanced Advantage Fund (3.23%); Birla Sunlife Trustee Company A/C India Excel (Offshore) Fund (3.23%); DSP Blackrock Micro Cap Fund (6.47%); Kotak Classic Equity (0.70%); Kotak Monthly Income Plan (0.31%); Kotak Midcap (5.46%); Axis Dynamic Equity Fund (6.47%); L And T Mutual Fund Trustee Ltd-L And T India Large Cap Fund (3.27%); L&T Mutual Fund Trustee Limited-L&T Business Cycles Fund (3.20%); ICICI Prudential Life Insurance Company Limited (6.47%); and HDFC Standard Life Insurance Company Limited(6.47%). 9 Mutual Funds have applied through a total of 14 schemes.
The Company proposes to open on Wednesday, January 17, 2018, an initial public offering of equity shares of face value of Rs. 10 each aggregating up to ₹ 6,000 million, comprising a Fresh Issue of Equity Shares aggregating up to INR 4,750 million and an Offer for Sale of Equity Shares aggregating up to ₹ 1,250 million, comprising an Offer for Sale of Equity Shares by Jasbir Singh aggregating up to INR 625 million and by Daljit Singh aggregating up to ₹ 625 million (Jasbir Singh and Daljit Singh collectively, the “Promoter Selling Shareholders”).
The Bid/Offer Period closes on Friday, January 19, 2018. The Anchor Investor Bid/Offer Period, shall be one Working Day prior to the Bid/Offer Opening Date, being, Tuesday, January 16, 2018.
The Price Band for the Offer is fixed from INR 855 to INR 859 per Equity Share.
Bids can be made for a minimum lot of 17 Equity Shares and in multiples of 17 Equity Shares thereafter.
The Book Running Lead Managers to the Offer are Edelweiss Financial Services Limited, IDFC Bank Limited, SBI Capital Markets Limited and BNP Paribas.