Mumbai, January 10, 2018 (GPN) : Amber Enterprises India Limited (the “Company”) proposes to open on Wednesday, January 17, 2018, an initial public offering of equity shares of face value of Rs. 10 each (“Equity Shares”) aggregating up to ₹ 6,000 million, comprising a Fresh Issue of Equity Shares aggregating up to ₹ 4,750 million (“Fresh Issue”) 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 ₹ 625 million and by Daljit Singh aggregating up to ₹ 625 million (Jasbir Singh and Daljit Singh collectively, the “Promoter Selling Shareholders”), (the “Offer for Sale” and together with the fresh issue, the “Offer”).
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 ₹ 855 to ₹ 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.In terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, and in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”), this Offer is being made through the Book Building Process,wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that the Company and the Promoter Selling Shareholders in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations subject to valid Bids being received at or above the Offer Price. Further, up to 50,000 Equity Shares shall be offered for allocation and Allotment on a proportionate basis to the Eligible Employees Bidding in the Employee Reservation Portion, conditional upon valid Bids being received from them at or above the Offer Price. All potential Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”). Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA Process.ENDS
The RHP is available on the websites of SEBI, BSE, NSE at www.sebi.gov.in,www.bseindia.com, www.nseindia.com, respectively and is available on the websites of the BRLMs at www.edelweissfin.com, www.idfcbank.com,www.sbicaps.com and www.bnpparibas.co.in respectively.