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Amber Enterprises settles 45% higher on listing day
Source: IRIS | 30 Jan, 2018, 04.05PM
Rating: NAN / 5 stars.
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Amber Enterprises India, which got listed on the bourses today, settled at a premium of 44.97% over its issue price.  At the NSE, stock closed at Rs 1,245.25 a share as against issue price of Rs 859 a share.

Shares witnessed a high of Rs 1,269 and a low of Rs 1,115 after opening at Rs 1,175 that is 36.79% premium over its issue price.

Amber Enterprises India is a manufacturer of air conditioners and its component in India. With the market share of 55.4%, Amber is the market leader in the Room Air Conditioner (RAC) design and manufacturing. Amber manufacture RAC's for 8 out of the 10 top RAC brands in India including Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool. 

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