Amber Enterprises raises ₹99.99 crores in QIP

Amber Enterprises India Limited announced the closure and allotment of its Qualified Institutions Placement (QIP) on September 22, 2025. The company allotted 1,257,861 equity shares at an issue price of INR 7,950.00 per share, including a premium of INR 7,940.00, raising approximately INR 99,999.95 lakhs. This transaction increases the paid-up equity share capital from INR 33,89,10,810 to INR 35,14,89,420.

The Fund Raising Committee of the Board of Directors approved the closure of the issue, determined the allocation price, adopted the placement document, and authorized the dispatch of allocation notes.

Key allottees receiving more than 5% of the equity shares included Nomura India Investment Fund Mother Fund (15.00%), HDFC Life Insurance Company Limited (12.50%), and Allianz Global Investors Fund - Allianz India Equity (6.50%). Invesco India Large & Mid Cap Fund and HDFC Mutual Fund - HDFC Manufacturing Fund also received significant allocations.