Jasbir Singh, Chairman & CEO, Amber Enterprises is confident of maintaining margins at 9% levels
It was a strong debut for Amber Enterprises. The stocks listed at a premium and was up 35 percent from its issue price of Rs 859.
In an interview to CNBC-TV18, Jasbir Singh, Chairman & CEO, Amber Enterprises talks about the stellar listing and the outlook going forward.
He said post the fund raising the company will be almost debt free after repaying the debt with exception of small working capital limits.
He is confident of sustaining margins at around 9 percent. He also confident of outperforming industry growth of 11 percent. In the first half industry grew by around 12-12.5 percent and company grew by 27 percent, said Singh.The appliance maker had sought to raise Rs 600 crore through the issue, which opened on January 17 with a price band of Rs 855-859 apiece.