Amber Enterprises IPO opens on January 17, 2018

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Amber Enterprises India Limited 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 mn and an Offer for Sale of Equity Shares aggregating up to INR 1,250 mn, comprising an Offer for Sale of Equity Shares by Jasbir Singh aggregating up to INR 625 million and by Daljit Singh aggregating up to INR 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 Equity Shares are being offered through the Red Herring Prospectus dated January 8, 2018 (the “RHP”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). For the purposes of the Offer, the Designated Stock Exchange shall be BSE.

The Book Running Lead Managers (“BRLMs”) to the Offer are Edelweiss Financial Services Limited, IDFC Bank Limited, SBI Capital Markets Limited and BNP Paribas.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.