The Amba Auto Sales and Services Limited IPO is set to open in the primary market with a book built issue worth ₹65.12 crore, offering investors an opportunity to participate in the automobile dealership and consumer retail segment. The company operates as an authorised dealer of Bajaj Auto and also has a presence in consumer electronics retail.

The IPO will open for subscription on April 27, 2026, and close on April 29, 2026, with listing planned on the BSE.

IPO structure and issue details

The IPO is entirely a fresh issue, indicating that funds raised will be used for business expansion.

• Total Issue Size: ₹65.12 crore
• Fresh Issue: 0.48 crore shares
• Offer for Sale: Nil

This structure suggests a focus on growth and operational strengthening.

Important dates for investors

• IPO Opening Date: April 27, 2026
• IPO Closing Date: April 29, 2026
• Allotment Date: Expected around April 30, 2026
• Listing Date: Expected around May 05, 2026
• Exchange: BSE

These dates are crucial for investors planning participation and tracking allotment status.

Price band and valuation

The price band is set between ₹130 to ₹135 per share.

At the upper band:

• Market Capitalisation: Approximately ₹247.37 crore

This places the company in the small cap IPO segment.

Lot size and investment requirements

The IPO requires a relatively high investment:

• Lot size: 1,000 shares
• Minimum retail investment: ₹2,70,000 (2 lots or 2,000 shares)
• HNI minimum investment: ₹4,05,000 (3 lots or 3,000 shares)

This makes the IPO more suitable for investors with higher capital and risk appetite.

IPO management details

• Book Running Lead Manager: Capitalsquare Advisors Private Limited
• Registrar: Bigshare Services Private Limited
• Market Maker: Rikhav Securities Ltd.

These entities manage the IPO process and ensure liquidity post listing.

Business overview of Amba Auto Sales and Services Limited

Amba Auto Sales and Services Limited operates in two key segments:

1. Automobile dealership

• Authorised dealer of Bajaj Auto Limited
• Sells two wheelers and three wheelers including petrol, CNG and EV models
• Provides after sales services

2. Consumer electronics retail

• Sells products such as televisions, refrigerators and home appliances
• Operates through a retail network

Revenue model

The company earns revenue from:

• Vehicle sales
• After sales services and repairs
• Spare parts and maintenance
• Financing and insurance facilitation
• Consumer electronics sales

This diversified model provides multiple income streams.

Industry outlook

Automobile sector

• Growth in two wheeler demand
• Rising adoption of EVs
• Expansion in rural and semi urban markets

Consumer electronics sector

• Increasing disposable income
• Growing demand for appliances
• Rapid urbanisation

These trends support the company’s growth potential.

Grey Market Premium analysis

The Grey Market Premium GMP is currently around ₹0, indicating:

• Neutral investor sentiment
• No strong expectations of listing gains
• Limited speculative activity

GMP disclaimer

• GMP is unofficial and unregulated
• It depends on informal market demand supply
• Investors should rely on fundamentals instead of GMP

Strengths of the company

• Authorised dealership of a reputed brand
• Diversified business across auto and electronics
• Strong after sales service network
• Presence in growing consumer driven sectors

Risks and challenges

Investors should consider:

• Dependence on automobile demand cycles
• Competition in dealership and retail segments
• Inventory management risks
• High capital requirement business

These factors can affect profitability.

Investment considerations

Before applying, investors should evaluate:

• Valuation at ₹130 to ₹135 price band
• Company’s financial performance
• Industry growth prospects
• Personal risk tolerance

High minimum investment requires careful planning.

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