Mumbai (Maharashtra) [India], April 23: Amba Auto Sales and Services Limited(The CompanyAmba Auto)isengaged in automobile and consumer electronics retail,proposesto open its Initial Public OfferingonMonday,April27, 2026,aiming to raise₹65.12Crore (At Upper Price Band),with sharesto be listed on the NSE Emerge platform.
The issue size is48,24,000equity shares at a face value of₹10 eachwith a price band of ₹130–₹135Per Share.
Equity Share Allocation
- QIB–Not more than 4,64,000Equity Shares
- NII–Not less than 22,86,000 Equity Shares
- Individual Investors–Not less than 18,32,000 Equity Shares
- Market Maker–Up to 2,42,000 Equity Shares
The net proceeds from the IPO will be utilized forfunding capital expenditure for setting up newshowrooms and renovatingexisting ones,to meet the working capital requirementsandgeneralcorporatepurposes.Theissue will open on Monday,April27, 2026,and will close on Wednesday,April29, 2026.
The Book Running Lead Manager to the Issue is CapitalSquareAdvisors Private Limited, The Registrar to the Issue isBigshareServices Private Limited.
Mr. Pradeep Kumar Lohia,Chairman & Executive DirectorofAmba Auto Sales and Services Limited,expressed,“The proposed Initial Public Offering represents an important milestone for the company. Over the years, we have built a strong dealership platform with established relationships with leading OEMs such as Bajaj Auto and LG Electronics, supported by a well-established network across Bengaluru.
The proceeds from the IPO will be primarily utilized towards expanding our showroom network, strengthening our service infrastructure, and meeting working capital requirements, which will enable us to scale operations efficiently and enhance customer reach.
With a focused strategy on network density, customer-centric operations, and integrated revenue streams across vehicle sales, after-sales services, and consumer electronics, we believe the IPO will position us well to capture growth opportunities in both the automobile and consumer durable segments.”
Dr. Sunil Kumar Manocha,Founder &ManagingDirectorofCapitalSquareAdvisors Private Limited,said,“The Indian automobile and consumer durables sectors continue to demonstrate strong structural growth, supported by rising disposable incomes, urbanization, and increasing demand for mobility and lifestyle products.
Against this backdrop, the proposed Initial Public Offering of the Company represents an important milestone in its growth journey. The Company has established a strong dealership platform with long-standing relationships with leading OEMs such as Bajaj Auto and LG Electronics, supported by a well-established network across Bengaluru.
The proceeds from the IPO are proposed to be utilized towards expanding the showroom network, strengthening service infrastructure, and meeting working capital requirements, which are expected to support the scale-up of operations and enhance customer reach.
Given its focused strategy on network density, customer-centric approach, and integrated revenue streams across vehicle sales, after-sales services, and consumer electronics, the Company is well positioned to capitalize on growth opportunities in both the automobile and consumer durables segments.”
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