Amba Auto Sales share price made flat debut in the Indian stock market on Tuesday, 5 May. The stock listed at ₹134.50 on NSE SME, as compared to the IPO price of ₹135.
The listing of came in line with the market expectations. The GMP of Amba Auto Sales IPO ahead of listing was +0, as per websites tracking grey market.
Amba Auto Sales IPO details
The ₹65.1 crore IPO, which was open for subscription from April 27 to April 29, was priced at ₹135 per share. The issue was subscribed 1.19 times overall, largely supported by institutional and non-institutional investors, while retail interest remained relatively weak.
The qualified institutional buyers’ segment was subscribed 1.75 times, and the non-institutional investors’ portion saw a 1.47 times subscription. In contrast, retail investors subscribed only 0.70 times, reflecting cautious sentiment among smaller participants despite the company’s improving financials.
The IPO comprised entirely a fresh issue of 48.24 lakh shares, enabling the Bengaluru-based firm to raise ₹65.12 crore.
The company intends to utilise the proceeds mainly to meet working capital needs, expand its showroom network, and refurbish existing outlets. Of the total funds raised, about ₹43 crore has been allocated for working capital, while ₹6.3 crore is set aside for capital expenditure related to expansion.
Capital Square Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd.
Established in 2005, Amba Auto operates as an authorised dealer for Bajaj Auto Ltd. and LG Electronics India Pvt. Ltd. under the “Amba Bajaj” and “Amba LG Best Shop” brands. Its portfolio includes automobiles and consumer electronics, offering motorcycles, scooters (including Chetak electric models), KTM bikes, three-wheelers, as well as televisions, refrigerators, washing machines, and other household appliances.
At present, the company runs 29 showrooms and service centres across Bengaluru and has developed an integrated retail and after-sales network in the city. As of February 2026, Amba Auto had 254 permanent employees, highlighting a notable scale-up in its operations.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.