Amba Auto Sales and Services' ₹65.12 crore IPO opened for subscription on April 27, 2026, with the issue witnessing slow demand on its first day. As of 3:08 pm, the IPO was subscribed 10.8 times, garnering bids for 4,98,000 shares against 45,82,000 shares on offer. The retail portion was subscribed at 8%, while the non-institutional investor segment received 15% subscription. Notably, the qualified institutional buyer (QIB) segment did not see any bids yet, indicating cautious institutional sentiment. The grey market premium (GMP) remains nil, meaning shares are trading at par with the offer price, suggesting limited listing gains expectations.
The company has launched its ₹65.12 crore IPO on NSE Emerge with the issue opening for subscription on April 27, 2026 and closing on April 29, 2026. The company will offer 48.24 lakh equity shares in the price band of ₹130 and ₹135 per share. According to the latest IPO details, the retail portion comprises 35% of the total issue, while QIB investors can apply for 50% and HNI investors for 15%. The allotment will be finalized on April 30, 2026, with shares credited to demat accounts on May 4, 2026 and listing scheduled for May 5, 2026. As per Mint, retail investors need to apply for at least two lots of 1,000 shares each, resulting in a minimum payout of ₹135,000 at the upper end of the price band.
The net proceeds from the IPO will be utilized for setting up new showrooms and renovating existing ones with ₹6.32 crore allocated specifically for this purpose. Additionally, ₹43 crore will be used to meet working capital requirements and for general corporate purposes. The company has demonstrated strong financial growth, reporting revenue of ₹242.46 crores in 2025 against ₹211.33 crores in 2024, representing significant year-over-year expansion. Profitability also improved substantially, with profit of ₹7.78 crores in 2025 compared to ₹2.89 crores in 2024, showing the company's operational efficiency gains. For the nine months ended December 2025, the company reported revenue of ₹203.79 crore and profit of ₹12.11 crore, according to The Economic Times.
Amba Auto Sales and Services operates as a Bangalore-based enterprise founded in 2005, selling vehicles and home appliances under the brands Amba Bajaj and Amba LG Best Shop. The company has established a well-established network of 29 automobile and electronics showrooms and service centers across India, serving leading OEMs including Bajaj Auto and LG Electronics. The company operates two business segments: the automobile segment covering sales and servicing of Bajaj motorcycles, Chetak EVs, KTM bikes, and three-wheelers, and the electronics segment retailing LG consumer durables including TVs, ACs, refrigerators, and washing machines. The company also provides after-sales support through 18 service centres, catering to both automobile servicing and electronics maintenance. As per Mint, the company operates as an authorised dealer of Bajaj Auto and LG Electronics India with a focused strategy on network density, customer-centric operations, and integrated revenue streams across vehicle sales, after-sales services, and consumer electronics.
CapitalSquare Advisors has been appointed as the book running lead manager while Bigshare Services will serve as the registrar to the issue. The company's promoters include Mr. Pradeep Kumar Lohia, Mr. Rakesh Kumar Lohia and Mr. Vikash Kumar Lohia, with the promoter holding standing at 96.66% pre-issue. The IPO structure includes a fresh issue of ₹65.12 crores with no offer for sale component. The minimum retail lot size is 2,000 shares requiring an application amount of ₹2,70,000, making it accessible to institutional and retail investors. As per Mint, the company's Chairman and Executive Director Pradeep Kumar Lohia stated that the IPO will position them well to capture growth opportunities in both automobile and consumer durable segments, with listing expected to enhance corporate image and provide liquidity to existing shareholders.
