Amba Auto Sales & Services Ltd. is launching a book-built SME IPO worth ₹65.12 crore, consisting of a fresh issue of 0.48 crore equity shares.
The public issue will be open for subscription from 27 April 2026 to 29 April 2026, with the basis of allotment expected on 30 April 2026. The shares are proposed to be listed on the National Stock Exchange of India SME platform, with a tentative listing date of 5 May 2026.
The IPO price band has been fixed at ₹130–₹135 per share, and investors must apply for a minimum lot of 1,000 shares. Retail investors need to invest at least ₹2.70 lakh (2,000 shares at the upper price band), while the minimum application for HNI investors is 3 lots (3,000 shares), amounting to ₹4.05 lakh.
The issue is being managed by Capital Square Advisors Pvt Ltd as the book-running lead manager, while Bigshare Services Pvt Ltd is acting as the registrar. The market maker for the IPO is Rikhav Securities Ltd.
Amba Auto Sales & Services IPO Objectives
- The company plans to allocate the net proceeds from the issuance to the following purposes:
- Around ₹6.32 crore will be used as capital expenditure to open new showrooms and renovate existing outlets to strengthen the company’s retail presence.
- The largest portion, about ₹43 crore, will be allocated to meet working capital needs and support day-to-day business operations.
- The remaining funds will be used for broader corporate needs such as improving service infrastructure, marketing initiatives, and administrative expenses.
About Amba Auto Sales & Services Limited
Amba Auto Sales & Services Ltd., incorporated in 2005, operates as an authorised dealer for Bajaj Auto Limited and LG Electronics India Limited, running its outlets under the brand names Amba Bajaj and Amba LG Best Shop.
The company is engaged in the sale and servicing of motorcycles, scooters such as Chetak, KTM sports bikes, and three-wheelers, along with a wide range of consumer electronics including televisions, air conditioners, refrigerators, washing machines, and small appliances. It operates primarily within Bengaluru through a network of 29 showrooms and service centres, offering convenient access to products and after-sales support.
As of February 2025, the company had 112 personnel dedicated to servicing and repairs across 18 service centres, and by February 2026 its workforce had grown to 254 permanent employees. The company’s strengths include an experienced promoter and management team, strategically located logistics and warehousing facilities, a diversified product and service portfolio, long-standing relationships with OEM partners, and a focus on employee training and skill development.
Industry Outlook
- The global automotive retail market is expected to expand significantly through 2034, supported by changing mobility trends and rising vehicle demand.
- Dealerships are transitioning from traditional product-focused selling to experience-driven, customer-centric retail models.
- Growth is being fuelled by rising demand for SUVs, increasing adoption of hybrid vehicles, and expansion of the used-vehicle market.
- Automotive retail software and digital buying tools are expected to grow rapidly, highlighting the shift toward digital purchasing journeys.
- While electric vehicle demand continues, hybrid vehicles are gaining popularity due to affordability and convenience.
- The global consumer electronics retail market is projected to grow steadily over the next few years.
- Brand-owned websites are becoming a major growth channel, reflecting a strong shift toward direct online sales.
- Frequent product launches and rapid technological upgrades are driving repeat purchases and replacement demand.
- India is expected to remain a high-growth market, supported by rising income levels and digital adoption.
How To Apply for the Amba Auto Sales & Services IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Amba Auto Sales & Services IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Amba Auto Sales & Services IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Amba Auto Sales & Services Limited
Registered office:
Amba Auto Sales & Services Ltd. , Address- Sy. No. 442/2A, 443/2B7, Hongasandra, Bangalore Urban, Karnataka, 560068
Phone:+91-9900367421
E-mail:cs@ambabajaj.com
Amba Auto Sales & Services IPO Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| QIB Shares Offered | 4,64,000 | 10.13% | 9.62% |
| NII (HNI) Shares Offered | 22,86,000 | 49.89% | 47.39% |
| └ bNII (> ₹10L) | 15,24,000 | — | 31.59% |
| └ sNII (< ₹10L) | 7,62,000 | — | 15.80% |
| Retail Shares Offered | 18,32,000 | 39.98% | 37.98% |
| Market Maker Shares Offered | 2,42,000 | — | 5.02% |
| Total Shares Offered | 48,24,000 | 100% | 100% |
Amba Auto Sales & Services IPO Lot Size Details
| Application Category | Lots | Shares | Amount |
| Individual Investors (Retail) – Min | 2 | 2,000 | ₹2,70,000 |
| Individual Investors (Retail) – Max | 2 | 2,000 | ₹2,70,000 |
| S-HNI – Min | 3 | 3,000 | ₹4,05,000 |
| S-HNI – Max | 7 | 7,000 | ₹9,45,000 |
| B-HNI – Min | 8 | 8,000 | ₹10,80,000 |
Amba Auto Sales & Services IPO Promoter Holding
The promoters of the company include Mr. Pradeep Kumar Lohia, Mr. Rakesh Kumar Lohia and Mr. Vikash Kumar Lohia.
| Share Holding Pre-Issue | 96.66% |
| Share Holding Post Issue | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Amba Auto Sales & Services IPO
| KPI | Dec 31, 2025 | Mar 31, 2025 |
| ROE | 57.61% | 69.09% |
| ROCE | 26.82% | 24.31% |
| Debt/Equity | 2.13 | 3.65 |
| RoNW | 57.61% | 69.09% |
| PAT Margin | — | 3.21% |
| EBITDA Margin | — | 7.21% |
| Price to Book Value | 6.78 | — |
Amba Auto Sales & Services IPO Registrar and Lead Managers
Amba Auto Sales & Services IPO Lead Managers
Capital Square Advisors Pvt.Ltd
Registrar for Amba Auto Sales & Services IPO
Bigshare Services Pvt.Ltd.
Contact Number: +91-22-6263 8200
Email Address: ipo@bigshareonline.com
Financial Performance of Amba Auto Sales & Services Limited
| Particulars | Year ending as of Dec 31, 2025 | Year ending as of Mar 31 2025 | Year ending as of Mar 31 2024 | Year ending as of Mar 31 2023 |
| Assets (Cr) | 100.42 | 91.12 | 54.45 | 39.98 |
| Total Income (Cr) | 203.79 | 242.46 | 211.33 | 113.05 |
| Profit After Tax (Cr) | 12.11 | 7.78 | 2.89 | 0.64 |
| EBITDA (Cr) | 22.34 | 17.48 | 8.41 | 4.45 |
| Net Worth (Cr) | 26.90 | 15.14 | 7.37 | 4.48 |
| Reserves & Surplus (Cr) | 13.40 | 14.39 | 6.62 | 3.73 |
| Total Borrowing (Cr) | 57.42 | 55.22 | 37.21 | 27.13 |
Amba Auto Sales & Services Limited Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹/Share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial Statements |
| Amba Auto Sales & Services Ltd. | 5.76 | 5.76 | 11.22 | — | 69.09 | — | Restated |
| Popular Vehicles and Services Limited | -1.47 | -1.47 | 89.72 | — | -1.61 | 1.03 | Standalone |
| Bikewo Green Tech Limited | 0.59 | 0.59 | 29.55 | 30.68 | 2.38 | 0.62 | Standalone |
| Resourceful Automobile Ltd | 5.65 | 5.65 | 63.40 | 6.90 | 12.41 | 0.60 | Standalone |
Strengths and Opportunities of Amba Auto Sales & Services Limited
- The company benefits from long-standing authorised dealership ties with Bajaj Auto Limited and LG Electronics India Limited, supporting stable and recurring business operations.
- Its business model spans vehicle sales (two-wheelers, three-wheelers, EVs), after-sales service and spare parts, along with consumer electronics retail.
- Revenue increased significantly from ₹113 crore in FY23 to ₹242 crore in FY25, reflecting strong business expansion.
- The company reported a strong Return on Equity of around 69%, indicating efficient use of shareholder capital.
- Promoters and management bring industry experience and a track record of maintaining customer relationships and repeat business.
- The company aims to grow its footprint by adding new showrooms and service centres to strengthen its market presence.
Risks and Threats of Amba Auto Sales & Services Limited
- The company had a debt–equity ratio of 3.65 as of March 31, 2025, which is significantly higher than the industry average and may reduce financial flexibility while increasing sensitivity to interest rate changes.
- A large portion of revenue relies on dealership agreements with Bajaj Auto Limited and LG Electronics India Limited. Any disruption in supply or termination of these agreements could adversely impact the business.
- Most operations are focused in Bengaluru, making the company vulnerable to local economic slowdowns, regulatory changes, or regional disruptions.
- The company has experienced negative cash flows in the past, which may pose challenges in funding operations and future expansion plans.
- The auto dealership and consumer electronics segments face strong competition from other dealers and growing online platforms.
- Being listed on the NSE SME platform may result in lower liquidity and higher price volatility compared to mainboard stocks.
- The auditor could not perform physical inventory verification for FY24, indicating potential concerns related to inventory management.
- Past IPOs managed by Capital Square Advisors Pvt. Ltd. have reportedly listed at a discount, which may affect investor sentiment.
