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Amba Auto Sales & Services IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Amba Auto Sales and Services Limited is engaged in the automobile dealership and consumer electronics retail business. It operates as an authorized dealer of Bajaj Auto Limited, selling two-wheelers, three-wheelers (petrol, CNG, and EV) and also earns revenue from after-sales services, spare parts, repairs, financing, and insurance facilitation. Additionally, it sells consumer electronics like TVs, refrigerators, and appliances through its retail network.
Amba Auto Sales & Services an Book Built Issue, amounting to ₹
65.12 Crore,consisting entirely an fresh issue of
0.48 crore shares of ₹
65.12 crores. The subscription period for the Amba Auto Sales & Services IPO opens on April 27, 2026, and close on April 29, 2026. The allotment is expected to be finalized on or about 30 April, 2026, Thursday, and the shares will be listed on the BSE with a tentative listing date set on or about Tuesday, May 05, 2026.
The Share Price Band of Amba Auto Sales & Services IPO is set at ₹130 to ₹135 per share per equity share. The Market Capitalisation of the Amba Auto Sales & Services at IPO price of ₹135 per equity share will be ₹
247.37 Cr The lot size of the IPO is
1,000 shares. Retail investors are required to invest a minimum of ₹
270,000, 2 lots (
2,000 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
3,000 shares), amounting to ₹
405,000.
CAPITALSQUARE ADVISORS PRIVATE LIMITED, the book running lead manager of the Amba Auto Sales & Services Ltd. while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue.The Market Maker of the company is Rikhav Securities Ltd..
Amba Auto Sales & Services Limited IPO GMP Today
The Grey Market Premium of Amba Auto Sales & Services IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Amba Auto Sales & Services Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on April 29, 2026, the Amba Auto Sales & ServicesIPO live subscription status shows that the IPO subscribed 1.18 times on its Final Day of subscription period. Check the Amba Auto Sales & Services IPO Live Subscription Status Today at NSE.
Amba Auto Sales & Services Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Amba Auto Sales & Services IPO allotment date is 30 April, 2026, Thursday, Amba Auto Sales & Services IPO Allotment will be out on 30 April, 2026, Thursday, and will be live on Registrar Website from the allotment date.
BIGSHARE SERVICES PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Amba Auto Sales & Services IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Amba Auto Sales & Services Limited IPO
Amba Auto Sales & Services to utilise the Net Proceeds towards the following objects:
1. ₹631.73 Lakhs is required for Funding capital expenditure for setting up new showrooms and renovating existing ones
2. ₹3777.34 Lakhs is required for To meet the working capital requirements of the Company
3. General Corporate Purposes.
Refer to Amba Auto Sales & Services Limited RHP for more details about the Company.
Amba Auto Sales & Services Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| April 22, 2026 | ₹ 135 | ₹ 135 | ₹0(0.0%) | 22 April 2026; 02:04 PM |
Amba Auto Sales & Services IPO Details
| Market Capitalization | ₹247.37 Cr. |
| IPO Date | April 27, 2026 to April 29, 2026 |
| Listing Date | May 05, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹130 to ₹135 per share |
| Issue Price | ₹135 per share |
| Employee Discount | NA |
| Lot Size | 1000 Equity Shares |
| Total Issue Size | 48,24,000 Equity Shares (aggregating to ₹65.12 Cr) |
| Fresh Issue | 48,24,000 Equity Shares (aggregating to ₹65.12 Cr) |
| Offer for Sale | NA |
| Issue Type | |
| Listing At | NSE SME |
| Share holding pre issue | 1,35,00,000 |
| Share holding post issue | 1,83,24,000 |
| Rating | Avoid |
Amba Auto Sales & Services IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Amba Auto Sales & Services IPO Timeline (Tentative Schedule)
| IPO Open Date | Mon, Apr 27, 2026 |
| IPO Close Date | Wed, Apr 29, 2026 |
| Basis of Allotment | Thu, Apr 30, 2026 |
| Initiation of Refunds | Mon, May 4, 2026 |
| Credit of Shares to Demat | Mon, May 4, 2026 |
| Listing Date | Tue, May 5, 2026 |
| Cut-off time for UPI mandate confirmation | Thu, Apr 30, 2026 |
Amba Auto Sales & Services IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 458,200 | Not more than 10% of the Net Issue |
| Non-Institutional Investor Portion | 2,291,000 | Not less than 50% of the Net Offer |
| Retail Shares Offered | 1,832,800 | Not more than 40% of the Net Offer |
| Market Maker Portion | 242,000 | - |
Amba Auto Sales & Services IPO Promoter Holding
| Share Holding Pre Issue | 96.67% |
| Share Holding Post Issue | 71.22% |
Amba Auto Sales & Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹270,000 |
| Retail (Max) | 2 | 2,000 | ₹270,000 |
| S-HNI (Min) | 3 | 3,000 | ₹405,000 |
| S-HNI (Max) | 7 | 7,000 | ₹945,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,080,000 |
Amba Auto Sales & Services IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 458,200 | 8,13,000 | 1.77x | 04 May 2026; 10:17 AM |
| Non Institutional Investors(NIIS) | 2,533,000 | 35,99,000 | 1.42x | 04 May 2026; 10:17 AM |
| Retail Individual Investors (RIIs) | 1,832,800 | 12,86,000 | 0.70x | 04 May 2026; 10:18 AM |
| Total | 4,824,000 | 56,98,000 | 1.18x | 04 May 2026; 10:18 AM |
About Amba Auto Sales & Services Limited
Amba Auto Sales and Services Limited is engaged in the automobile dealership and consumer electronics retail business. It operates as an authorized dealer of Bajaj Auto Limited, selling two-wheelers, three-wheelers (petrol, CNG, and EV) and also earns revenue from after-sales services, spare parts, repairs, financing, and insurance facilitation. Additionally, it sells consumer electronics like TVs, refrigerators, and appliances through its retail network.
The company’s key OEM partners (clients) include Bajaj Auto Limited and LG Electronics India Ltd. It operates multiple showrooms, service centres (18 centres), and storage facilities in Bengaluru, supporting vehicle sales, servicing, and spare parts distribution. These facilities ensure end-to-end customer lifecycle management, including sales, maintenance, and repairs.
The company offers a diversified product portfolio including motorcycles, EV scooters (Chetak), auto-rickshaws, spare parts, and electronics. These products cater to different stages of the customer lifecycle—from purchase to maintenance and replacement. Revenue is driven by both vehicle sales and high-margin after-sales services, ensuring recurring income.
The company has expanded through continuous showroom additions and dealership expansion, including Bajaj, KTM, and LG showrooms. It is also focusing on EV segment expansion and network strengthening, supported by capital expenditure plans and IPO proceeds to scale operations and infrastructure.
Employee & Banker
December 31, 2025, the company had 112, full time employees. banker to the company is Saraswat Co-operative Bank Limited.
Management & Growth Outlook
The company is promoted by Mr. Pradeep Kumar Lohia, Mr. Rakesh Kumar Lohia, and Mr. Vikash Kumar Lohia, who have long-standing experience in dealership operations. Management has built strong relationships with OEMs like Bajaj Auto, which is a key growth driver. banker to the company is Saraswat Co-operative Bank Limited.
Their vision focuses on:
- Expanding dealership network and service centres
- Increasing focus on electric vehicles (EVs) and new product categories
- Strengthening after-sales service (high-margin segment)
For funding expansion and capex, the company plans to:
- Utilize IPO proceeds
- Continue leveraging debt and internal accruals
- Maintain relationships with financial institutions for working capital
The long-term goal is to increase market share in automobile retail and diversify revenue streams through electronics and services.
Industry Overview
The company operates in the automobile dealership and consumer electronics retail industry.
Automobile Industry
- India’s EV two-wheeler market grew 21.2% YoY (FY24–FY25) reaching 11.49 lakh units
- Growth drivers:
- Government incentives (FAME-II)
- Rising fuel prices
- Shift toward EV adoption
Industry Characteristics
- High growth driven by urbanisation and rising income levels
- Increasing demand for EVs, digital retail, and after-sales services
- Strong competition from large dealership chains
Key Players
- Popular Vehicles & Services Ltd
- Kalyani Motors (Bajaj dealer)
Consumer Electronics Industry
- Growing due to lifestyle upgrades and digital adoption
- Organized retail chains expanding in Tier 1 and Tier 2 cities
Outlook
- Automobile sector expected to grow steadily with EV penetration
- Dealership business growth linked to OEM performance and consumer demand
- High growth potential but low margins in sales, higher margins in services
Key Risk Factors
- Dependence on OEMs (Bajaj Auto & LG)
The company heavily depends on a limited number of OEMs for products. Any change in dealership agreements or performance requirements may directly impact revenue and operations. - Low Margin Dealership Business
Automobile dealership operates on thin margins, making profitability highly dependent on volumes and after-sales services. Any slowdown in sales can significantly impact earnings. - High Competition in Industry
The dealership industry faces strong competition from established players with large networks, making customer acquisition and retention challenging. - Capital Intensive Business
The business requires significant investment in showrooms, inventory, service centres, and working capital, increasing financial risk and debt dependency. - Technology & EV Transition Risk
Rapid shift towards electric vehicles and digital platforms requires continuous investment in technology and employee training, increasing operational costs. - Economic Sensitivity
Demand for vehicles and electronics is linked to economic conditions and consumer spending, making the business cyclical in nature. - Operational Risk in Service Network
Maintaining quality service across multiple centres requires skilled manpower and infrastructure; failure may affect brand reputation and repeat business.
Key Strengths, Moat & Opportunities
- Strong OEM Relationship (Bajaj Auto)
The company has a long-standing relationship of over two decades with Bajaj Auto, ensuring product availability, brand trust, and stable business flow. - Diversified Revenue Streams
Revenue comes from vehicle sales, after-sales service, spare parts, financing, insurance, and electronics retail, reducing dependence on a single segment. - High-Margin After-Sales Business
After-sales services like repairs, maintenance, and spare parts generate higher margins and provide recurring revenue. - Wide Product Portfolio
The company offers EVs, motorcycles, three-wheelers, and electronics, catering to a broad customer base and multiple income segments. - Established Network & Presence
With multiple showrooms and 18 service centres, the company has strong local presence and accessibility, improving customer reach and retention. - Growth in EV Segment
Rising demand for electric vehicles (Chetak EV, etc.) presents a strong growth opportunity as India transitions towards sustainable mobility.
Amba Auto Sales & Services Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 | Dec 31, 2025 |
|---|---|---|---|---|
| Reserve of Surplus | 372.97 | 661.64 | 1,439.24 | 1,339.68 |
| Total Assets | 3,997.62 | 5,445.19 | 9,111.74 | 10,041.86 |
| Total Borrowings | 2,712.99 | 3,721.15 | 5,522.46 | 5,741.79 |
| Fixed Assets | 422.14 | 611.29 | 855.92 | 789.39 |
| Cash | 89.37 | 183.95 | 249.24 | 360.16 |
| Cash flow from operating activities | -23.92 | -283.34 | -692.60 | 619.23 |
| Cash flows from investing activities | -61.36 | -250.45 | -469.56 | -227.35 |
| Cash flow from financing activities | -10.69 | 628.37 | 1,227.42 | -280.97 |
| Net Borrowing | 2,623.62 | 3,537.20 | 5,273.22 | 5,381.63 |
| Revenue | 11,305.14 | 21,133.48 | 24,246.07 | 20,379.46 |
| EBITDA | 445.05 | 840.78 | 1,747.93 | 2,234.39 |
| PAT | 63.83 | 288.67 | 777.60 | 1,210.89 |
| PAT Margin | 0.56% | 1.37% | 5.76 | 5.94% |
| EPS | 0.47 | 2.14 | 3.21% | 8.97 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 5.76 |
| EPS Post IPO (Rs.) | 4.24 |
| Adjusted 12M EPS Post IPO (Rs.) | 8.81 |
| P/E Pre IPO | 23.44 |
| P/E Post IPO | 31.81 |
| Adjusted 12M P/E Post IPO | 15.32 |
| ROE | 69.09% |
| ROCE | 24.31% |
| P/BV | 12.03 |
| Debt/Equity | 3.65 |
| RoNW | 69.09% |
| EBITDA Margin | 7.21% |
| PAT Margin | 3.21% |
Amba Auto Sales & Services Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Amba Auto Sales & Services | 4.24 | 31.81 | 69.09% | 24.31% | 12.03 | 3.65 | 69.09% |
| Popular Vehicles and Services | -1.47 | - | - | - | 1.03 | - | -1.61% |
| Bikewo Green Tech | 0.59 | 30.68 | 2.39 % | 4.04 % | 0.62 | 0.03 | 2.38 % |
| Resourceful Automobile | 5.65 | 6.90 | 12.4 % | 13.4 % | 0.60 | 0.73 | 12.41% |
Amba Auto Sales & Services Limited Contact Details
Amba Auto Sales & Services Limited
Phone: +91-9900367421
Email: cs@ambabajaj.com
Website: http://www.ambaauto.com/
Amba Auto Sales & Services IPO Registrar and Lead Manager(s)
BIGSHARE SERVICES PRIVATE LIMITED
Phone: 022-62638200
Email: ipo@bigshareonline.com
Website:http://www.bigshareonline.com/
CAPITALSQUARE ADVISORS PRIVATE LIMITED
Phone: 022-6684 9999/022-6684 9946
Email: mb@capitalsquare.in
Website: http://www.capitalsquare.in/
Amba Auto Sales & Services IPO Review
Amba Auto Sales and Services Limited is engaged in the automobile dealership and consumer electronics retail business. It operates as an authorized dealer of Bajaj Auto Limited, selling two-wheelers, three-wheelers (petrol, CNG, and EV) and also earns revenue from after-sales services, spare parts, repairs, financing, and insurance facilitation. Additionally, it sells consumer electronics like TVs, refrigerators, and appliances through its retail network.
The Company is led by Promoter, i.e.,(i) Mr. Prabhav Narasimha Rao and (ii)Mrs. Priyashaila Prabhav Rao
The Revenues from operations for the Period ended on Dec 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 20,379.46 Lakh, ₹ 24,246.07 Lakh, ₹ 21,133.48 Lakh, and ₹ 11,305.14 Lakh, The EBITDA for the Period ended on Dec 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 2,234.39 Lakh, ₹ 1,747.93 Lakh, ₹ 840.78 Lakh, and ₹ 445.05 Lakh, The Profit after Tax for the Period ended on Dec 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,210.89 Lakh, ₹ 777.60 Lakh, ₹ 288.67 Lakh, and ₹ 63.83 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 5.76 and post-issue EPS of ₹ 4.24 for FY25. The pre-issue P/E ratio is 23.44x,while the post-issue P/E ratio is 31.81x against the Industry P/E ratio is 19.35x The company's ROE for FY25 is 69.09% and RoNW is 69.09% The Annualised EPS is ₹ 8.81x and P/E is ₹ 15.32x , These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Amba Auto Sales & Services showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Amba Auto Sales & Services Limited, IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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