PNN
Mumbai (Maharashtra) [India], April 23: Amba Auto Sales and Services Limited (The Company Amba Auto) is engaged in automobile and consumer electronics retail, proposes to open its Initial Public Offering on Monday, April 27, 2026, aiming to raise ₹65.12 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.
The issue size is 48,24,000 equity shares at a face value of ₹10 each with a price band of ₹ 130 - ₹ 135 Per Share.
Equity Share Allocation
- QIB - Not more than 4,64,000 Equity 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 for funding capital expenditure for setting up new showrooms and renovating existing ones, to meet the working capital requirements and general corporate purposes. The issue will open on Monday, April 27, 2026, and will close on Wednesday, April 29, 2026.
The Book Running Lead Manager to the Issue is CapitalSquare Advisors Private Limited, The Registrar to the Issue is Bigshare Services Private Limited.
Mr. Pradeep Kumar Lohia, Chairman & Executive Director of Amba 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 & Managing Director of CapitalSquare Advisors 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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