Till yesterday, the IPO was subscribed 3.61 times. The company had raised Rs 179 crore from anchor investors on Tuesday. The price band has been fixed at Rs 855-859 per share. The IPO includes fresh issue of shares worth up to Rs 475 crore and sale of scrips to the tune of Rs 125 crore by promoters Jasbir Singh and Daljit Singh. The company plans to use the proceeds for repayment and advance payment of certain loans and other general corporate purposes. Edelweiss Financial Services, IDFC Bank, SBI Capital
Markets and BNP Paribas are managing the company's IPO. Gurugram-based Amber Enterprises manufactures air- conditioners. Besides, it makes refrigerator components, water purifiers and washing machines.
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