Amba Auto Sales & Services IPO — SME Segment's Spotlight
Amba Auto Sales & Services launched its ₹65.12 crore book-built SME IPO on April 27, 2026, on the NSE SME platform. HDFC Sky
The issue closes on April 29, with a price band of ₹130 to ₹135 per share and a minimum lot size of 1,000 shares. Retail investors looking to apply for two lots would need to invest approximately ₹1,35,200. Business Standard
The company is an authorised dealer of Bajaj Auto and LG Electronics India, operating under the brand names Amba Bajaj and Amba LG Best Shop, with a presence across the automotive retail value chain including new vehicle sales, after-sales service, spare parts, and accessories. Business Standard
The IPO is entirely a fresh issue with no Offer for Sale component, meaning all proceeds flow directly to the company — a positive indicator for investors. The company plans to deploy ₹43 crore toward working capital requirements and ₹6.42 crore for setting up new showrooms and renovating existing ones. The remaining funds will be used for general corporate purposes. Business Standard