Amber Enterprises India Ltd has said that it will launch a Rs 600 crore initial public offering (IPO) on 17 January.

Amber has priced its shares in a range of Rs 855-859 per share. The offering closes on 19 January.

The initial share sale of Amber comprises a fresh issue of shares of Rs475 crore and an offer for sale of shares by promoters of the company Jasbir Singh and Daljit Singh.

Proceeds from the fresh issue of shares will be used by the company for repayment of debt.

Investment banks Edelweiss Financial Services Ltd, IDFC Bank Ltd, SBI Capital Markets Ltd and BNP Paribas are managing the share sale.

Amber serves customers such as Daikin Industries Ltd, Hitachi Ltd, LG Electronics Inc., Panasonic Corp., Voltas Ltd and Whirlpool Corp. – Live Mint