Shares will be issued to buyers at a price of ₹7,950 apiece, which is a 4.2% discount to Monday’s closing price for Amber.
A combination of domestic and foreign funds have been issued more than 5% shares of the total as part of the QIP.
| Fund | % Of QIP Size |
| Nomura India Investment Fund | 15 |
| Invesco MF (Various Schemes) | 15 |
| HDFC Life Insurance | 12.5 |
| Allianz Global Investors Fund | 6.5 |
| HDFC Mutual Fund | 5 |
None of the funds who have been issued shares as part of the QIP exercise feature in the list of public shareholders with more than 1% stake in the company at the end of the June quarter.After the issuance of shares, the paid-up equity share capital of the company will increase from ₹33.89 crore comprising of 3.38 crore shares of ₹10 each, to ₹35.14 crore, comprising of 3.51 crore share of ₹10 each.
Amber Enterprises initially had plans to raise ₹1,200 crore through the QIP issue.
Promoters of Amber Enterprises had a 39.65% stake in the company at the end of the June quarter.
Shares of Amber Enterprises ended little changed on Monday ₹8,300. The stock trades close to its record high levels, having gained 13% in the last one month, thereby also turning positive on a year-to-date basis.
