Amber enterprises lists on bourses today

NEW DELHI: Amber Enterprises, a solution provider for the air conditioning industry will get listed on the bourses on Monday, as it makes debut on both the NSE and BSE indices.

The initial public offering (IPO) of the company was carried out between January 15- January 17, during which the scrip got oversubscribed 165 times. The reserved category of qualified institutional buyers has oversubscribed 174.98 times, non institutional investors 519.26 times and retail 11.56 times, according to NSE data.

The issue price of the share has been kept at the higher end of the price band at Rs 859.

Edelweiss Financial Services, IDFC Bank, SBI Capital Markets and BNP Paribas managed the company’s IPO.

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