IPO Overview
Founded in 2005, Amba Auto Sales & Services Limited is a certified authorised dealer for Bajaj Auto Limited and LG Electronics India Limited, operating under the brand names “Amba Bajaj” for Bajaj Auto and “Amba LG Best Shop” for LG Electronics. Through its dealership network, Amba Auto covers a large portion of Bajaj Auto’s product portfolio, representing four out of five product segments offered by the manufacturer. Its operations span the entire automotive retail value chain, including vehicle sales, after-sales service, spare parts, lubricants, accessories, and facilitation of vehicle financing and insurance products. In addition to automobile retailing, the company also operates LG Best Shop outlets as an authorised dealer of LG Electronics India, selling air conditioners, televisions, refrigerators, washing machines, and small appliances. With over two decades of operating experience, the company has built a strong regional footprint with 29 showrooms across the automobile and consumer electronics segments in Bengaluru.
The company is launching its SME IPO on the NSE Emerge platform, aiming to raise ₹65.12 crore at the upper price band. The issue size is 48,24,000 equity shares at a face value of ₹10 each, with a price band of ₹130 – ₹135 per share. The IPO opens on 27 April 2026 and closes on 29 April 2026, with listing expected around 5 May 2026.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | NSE Emerge (NSE SME) |
| IPO Open Date | 27 April 2026 |
| IPO Close Date | 29 April 2026 |
| Allotment Date | 30 April 2026 (Expected) |
| Refund Initiation | 2 May 2026 |
| Credit to Demat | 2 May 2026 |
| Listing Date | 5 May 2026 (Tentative) |
| Price Band | ₹130 – ₹135 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹2,70,000 (2 lots = 2,000 shares) |
| Issue Size | ₹65.12 crore |
| Fresh Issue | 48,24,000 shares (₹65.12 crore) |
| Offer For Sale (OFS) | Nil |
Note: The entire IPO is a fresh issue — no offer-for-sale component. All IPO proceeds will go directly to the company.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | Not more than 4,64,000 shares |
| Non-Institutional Investors (NII/HNI) | Not less than 22,86,000 shares |
| Retail Individual Investors (RII) | Not less than 18,32,000 shares |
| Market Maker | Up to 2,42,000 shares |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. The entire issue is a fresh issue, meaning all proceeds will be received directly by the company and used for business purposes.
Objects of the Issue (Fund Utilization)
The company plans to use approximately ₹43.00 crore for capital expenditure towards setting up new showrooms and renovating existing ones, ₹6.32 crore for working capital requirements, and the remaining amount for general corporate purposes — totalling ₹49.32 crore in identified utilization.
- Capital expenditure for new showrooms and renovation of existing ones — ₹43.00 crore
- Working capital requirements — ₹6.32 crore
- General corporate purposes — remaining proceeds
Lead Managers & Registrar
- Book Running Lead Manager: CapitalSquare Advisors Private Limited
- Registrar to the Issue: Bigshare Services Private Limited
Promoters & Management
The promoters of the company are Mr. Pradeep Kumar Lohia, Mr. Rakesh Kumar Lohia, and Mr. Vikash Kumar Lohia.
The business is led by an experienced promoter and management team, including directors such as Raina Singh, Vikash Kumar Lohia, and Neetu Jalan, with long-standing relationships with OEM partners supporting operations.
- Chairman & Executive Director: Mr. Pradeep Kumar Lohia
Company Details
Amba Auto Sales and Services Limited operates as an authorised dealer of Bajaj Auto Limited and LG Electronics India Limited under the brand names “Amba Bajaj” and “Amba LG Best Shop” respectively. The company has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs (including sales of spare parts, lubricants, and accessories), and facilitation of third-party financial and insurance products. In consumer electronics, it offers a diversified range including air conditioners, televisions, washing machines, refrigerators, and small appliances.
Sectors Served:
- Two-Wheeler & Three-Wheeler Automobiles
- Electric Vehicles (Bajaj Chetak)
- Sports Bikes (KTM)
- Consumer Electronics & Home Appliances (LG)
Key Products & Services:
- Motorcycles, Scooters (Chetak EV), Sports Bikes (KTM), Three-Wheelers (Bajaj)
- LG TVs, Air Conditioners, Refrigerators, Washing Machines, Small Appliances
- After-sales service, repairs, spare parts, lubricants, and accessories
- Vehicle financing and insurance facilitation
Network & Infrastructure:
- 29 service and showroom outlets across both auto and electronics segments in Bengaluru
- 18 service centres with 112 service staff as of February 2025; 254 permanent employees as of February 2026
Registered Office: Sy.No. 442/2A, 443/2B, 7, Hongasandra, Bengaluru – 560068, Karnataka
Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY24 | ₹211.33 | ₹2.89 |
| FY25 | ₹242.46 | ₹7.78 |
Key Financial Metrics
- Revenue grew from ₹211.33 crore in FY24 to ₹242.46 crore in FY25 — a growth of ~15% YoY. PAT more than doubled from ₹2.89 crore to ₹7.78 crore — a growth of ~169% YoY.
- Entire IPO is a fresh issue — zero promoter exit, all funds directed to business expansion
- Strong PAT growth indicates improving operational profitability
Company Strengths
- Founder-led company with a highly experienced and professional management team with over two decades of dealership experience
- Authorised dealership covering four out of five Bajaj Auto product segments — strong OEM relationship with India’s leading two-wheeler manufacturer
- Diversified revenue streams across vehicle sales, after-sales services, spare parts, and consumer electronics — reducing dependence on any single product line
- Strong regional footprint with 29 showrooms across automobile and consumer electronics in Bengaluru, built over 20+ years of operations
- Exposure to high-growth segments — Bajaj Chetak electric scooters and KTM sports bikes — positioning the company well in the EV and premium bike segments
- PAT more than doubled in FY25, signaling significant improvement in profitability
Key Risks & Challenges
- High OEM dependence — business is entirely reliant on dealership agreements with Bajaj Auto and LG Electronics. Any change in dealership terms or loss of authorization could severely impact operations.
- Regional concentration — operations are almost entirely confined to Bengaluru and nearby areas, limiting geographic diversification and growth potential.
- Thin net margins typical of the dealership business model — despite strong revenue, PAT margins remain low relative to issue size
- SME IPO liquidity risk — limited secondary market trading volumes on NSE Emerge platform
- Capital-intensive expansion plan — bulk of IPO proceeds (₹43 crore) going towards new showrooms increases execution risk
- Consumer electronics segment faces intense competition from large-format retail chains and e-commerce platforms
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
