India’s IPO market continues to remain active in 2026, with increasing participation from retail and institutional investors. Companies across sectors such as automobiles, consumer electronics, and retail distribution are leveraging public markets to expand their operations and strengthen their financial position.
Against this backdrop, Amba Auto Sales & Services Limited is set to open its IPO on April 27, 2026. Here is a detailed insight into the company, its IPO details, and the industry outlook.
About Amba Auto Sales & Services Ltd.
Incorporated in 2005, Amba Auto Sales & Services Limited operates as an authorised dealer for Bajaj Auto Limited and LG Electronics India Limited under the brand names Amba Bajaj and Amba LG Best Shop.
The company operates in two key segments:
- Automobiles: Sales and servicing of motorcycles, scooters including Chetak, sports bikes like KTM, and three wheelers from Bajaj Auto
- Consumer Electronics: Retail of televisions, air conditioners, refrigerators, washing machines, and other appliances from LG
The company has a strong presence in Bengaluru with a network of 29 showrooms and service centres, offering both product sales and after sales support.
As of February 2026, the company had 254 permanent employees, supporting its growing operations across segments.
Key Strengths
- Established relationships with OEMs such as Bajaj Auto and LG Electronics
- Diversified business across automobiles and consumer electronics
- Strategically located showrooms and service centres
- Experienced management and skilled workforce
Amba Auto Sales & Services IPO Details
Amba Auto Sales & Services IPO is a book building issue aggregating to ₹65.12 crore and consists entirely of a fresh issue.
The company intends to utilise the proceeds towards expansion of showrooms, working capital requirements, and general corporate purposes.
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | April 27, 2026 |
| IPO Close Date | April 29, 2026 |
| Allotment Date (Tentative) | April 30, 2026 |
| Initiation of Refunds | May 4, 2026 |
| Credit of Shares to Demat | May 4, 2026 |
| Listing Date (Tentative) | May 5, 2026 |
Key IPO Details
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹135 per share |
| Lot Size | 1,000 Shares |
| Issue Type | Bookbuilding IPO |
| Total Issue Size | 48,24,000 shares (₹65 Cr) |
| Fresh Issue | ₹65 Cr |
| Listing At | NSE SME |
| Market Cap (Pre IPO) | To be declared |
Issue Reservation
| Category | Shares Offered |
|---|---|
| QIB | 10.13% |
| NII (HNI) | 49.89% |
| Retail (RII) | 39.98% |
| Market Maker | 5.02% |
Lot Size of Amba Auto Sales & Services IPO
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,70,000 |
| 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 Ltd. Financials
The company has demonstrated strong growth in revenue and profitability, especially in recent years.
Key Company Financials (₹ Crore)
| Period Ended | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Assets | 100.42 | 91.12 | 54.45 | 39.98 |
| Total Income | 203.79 | 242.46 | 211.33 | 113.05 |
| Profit After Tax | 12.11 | 7.78 | 2.89 | 0.64 |
| EBITDA | 22.34 | 17.48 | 8.41 | 4.45 |
| Net Worth | 26.90 | 15.14 | 7.37 | 4.48 |
| Reserves and Surplus | 13.40 | 14.39 | 6.62 | 3.73 |
| Total Borrowing | 57.42 | 55.22 | 37.21 | 27.13 |
Key Performance Indicators (KPI)
| KPI | Dec 2025 | Mar 2025 |
|---|---|---|
| ROE | 57.61% | 69.09% |
| ROCE | 26.82% | 24.31% |
| Debt to Equity | 2.13 | 3.65 |
| RoNW | 57.61% | 69.09% |
| PAT Margin | 3.21% | 3.21% |
| EBITDA Margin | 7.21% | 7.21% |
| Price to Book | 6.78 | — |
IPO Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital expenditure for new and existing showrooms | 6.32 |
| Working capital requirements | 43.00 |
| General corporate purposes | Balance |
Amba Auto Sales & Services Ltd.: Industry Outlook
- India’s automobile sector continues to grow with rising demand for two wheelers and electric mobility solutions
- Increasing disposable income and urbanisation are boosting consumer electronics demand
- Expansion of dealership networks is improving product accessibility in urban markets
- After sales services and maintenance segments are contributing significantly to recurring revenues
- Growth in financing options and digital retail channels is supporting sales across segments
Conclusion
Amba Auto Sales & Services Limited operates in a diversified retail distribution business with exposure to both automobiles and consumer electronics. The company has shown strong growth in recent financial performance and benefits from established relationships with leading OEMs.
However, investors should consider risks such as high debt levels, dependency on OEM partnerships, and sustainability of recent earnings growth. The IPO appears aggressively priced, and may be suitable for well-informed investors with a moderate risk appetite and medium term investment horizon.
