Amba Auto Sales and Services made its stock market debut on Tuesday, May 5, with shares listing at ₹134.50 on NSE SME, exactly at the IPO price of ₹135. The ₹65.1 crore IPO, which opened for subscription between April 27 and April 29, was entirely a fresh issue of 48.24 lakh shares and will list on the BSE SME platform on May 5. The issue was priced at ₹130 to ₹135 per share with a market lot of 2,000 shares. The minimum retail application requires ₹2,70,000 for 2 lots, while S-HNI investors need ₹4,05,000 for 3 lots and B-HNI investors require ₹10,80,000 for 8 lots.
The IPO saw an overall subscription of 1.19 times, driven mainly by institutional and non-institutional demand, while retail participation remained relatively subdued. As reported by The Economic Times, qualified institutional buyers subscribed 1.75 times their allocated portion, while the non-institutional investor segment was subscribed 1.47 times. In contrast, retail investors subscribed only 0.70 times, indicating cautious participation from smaller investors despite the company's improving financial performance. The issue saw 18.32 lakh shares allocated to retail investors (39.98% of net issue), 2.42 lakh shares to market makers (5.02%), and 45.82 lakh shares to non-institutional investors.
Founded in 2005, Amba Auto operates as an authorized dealer of Bajaj Auto Ltd. and LG Electronics India Pvt. Ltd. under the brands "Amba Bajaj" and "Amba LG Best Shop." According to The Economic Times, its business spans both automobiles and consumer electronics, selling motorcycles, scooters including Chetak electric scooters, KTM sports bikes, three-wheelers, televisions, refrigerators, washing machines and other home appliances. The company currently operates 29 showrooms and service centres across Bengaluru and has built an integrated retail and after-sales ecosystem in the city. The company's dual-business model of automobile dealership plus consumer electronics retailing provides revenue diversification and multiple customer touchpoints. The company also deals in electric vehicle (EV) products as part of its Bajaj Auto dealership operations, positioning it to benefit from India's growing EV adoption trends.
Financially, the company has shown sharp improvement over the past two years. As reported by The Economic Times, for the nine months ended December 2025, Amba Auto reported total income of ₹203.8 crore and net profit of ₹12.1 crore. For FY25, the company had posted revenue of ₹242.5 crore and net profit of ₹7.8 crore, compared with profit of ₹2.9 crore in FY24. The company's financial metrics show total income growing from ₹113.05 crore in FY23 to ₹242.46 crore in FY25, while net worth increased from ₹6.62 crore to ₹15.14 crore over the same period. The company currently employs 254 permanent employees as of February 2026, reflecting significant expansion in operating scale.
The company plans to use the IPO proceeds primarily for working capital, expansion of new showrooms and renovation of existing outlets. According to The Economic Times, of the total proceeds, around ₹43 crore has been earmarked for working capital requirements, while ₹6.3 crore will go toward capital expenditure for expansion. This strategic allocation aims to support the company's continued growth and operational efficiency in its dual-brand retail model. The company's balance sheet shows borrowings of ₹57.42 crore as of December 2025, which is relatively elevated and should be monitored by investors.
