Latest News
-
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps -
Gold Prices India: 24K/100 Grams Yellow Metal Falls By Rs 3800, 24K/10 Grams Down By Rs 380 -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak
Amber Enterprises Lists At 37% Premium Over Issue Price
The Rs. 600 crore IPO issue aims at paring most of the company's debt and also for some of the general corporate purposes.
The IPO of Amber Enterprises after receiving good response made its debut on the stock exchanges at a premium of 37% to the issue price of Rs. 859. The stock listed at Rs. 1175 on the NSE. On the BSE, the stock listed at Rs. 1180 with gains to the tunes of 37.37% over the issue price.
Strong fundamentals and holding a leadership position as an OEM supplier to the AC industry, the issue was subscribed fully on first bidding day. The oversubscription to the issue of AC equipment manufacturer touched 165 times with total bids for as many as 81.47 crore equity shares as against the issue of 49.27 lakh equity shares.
The Rs. 600 crore IPO issue aims at paring most of the company's debt and also for some of the general corporate purposes.
At 10:47 am the stock of the company was trading higher by 38% at Rs. 1187 on the BSE.
Goodreturns.in
