Amba Auto Sales & Services IPO
smelistedAbout the company
Incorporated in February 2005, Amba Auto Sales and Services operates as an authorised dealership for two key brands, namely Bajaj Auto Ltd and LG Electronics India Ltd, with over two decades of operation experience in Bengaluru, Karnataka. The firm has a broad-based presence throughout the value chain of automobile retailing and facilitating third-party financial and insurance products. It is currently operating as the authorised dealer of 4 out of 5 product categories manufactured by Bajaj Auto. In the consumer electronics industry, the firm offers a broad range of LG products. The firm currently has 25 sales showrooms and outlets located in Bengaluru. Moreover, the firm also has 18 after-sales service outlets. During FY25, the firm sold 12,035 units of new vehicles, which included 5,207 units of two-wheelers and 6,828 units of commercial vehicles. During FY25, the firm offered services to 70,065 units of vehicles, where 40,942 were two-wheelers and 29,123 were commercial vehicles. Revenue from sales of new vehicles accounted for 86.34% and 82.80% of the total revenue during FY25 and 9MFY26, respectively. The firm caters to a wide range of customers, with automobile segment customers increasing from 6,275 in FY23 to 12,035 in FY25, mainly driven by the 3-wheeler segment, while the number of LG segment customers has risen to 1,987 in 9MFY26 from 1,042 in FY25, with revenue from recurring revenue rising to 6.97%. However, the suppliers' market is highly concentrated, with the leading supplier, Bajaj Auto, having a share of 91.36%, whereas the combined share of the top five and top ten suppliers is 97.49% and 98.90%, respectively.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 Apr | ₹0 | ₹135 | 0 |
| 24 Apr | ₹0 | ₹135 | 0 |
| 23 Apr | ₹0 | ₹135 | 0 |
| 22 Apr | ₹0 | ₹135 | 0 |
Strengths
- Strong partnerships with Bajaj Auto Limited and LG Electronics India Limited ensure steady demand and brand credibility
- Diversified revenue streams including vehicle sales, servicing, spare parts, accessories, insurance, and financing support
- High return ratios with improving profitability and efficient capital utilization
- Entire IPO is a fresh issue, indicating funds will be used for business growth and expansion
- Exposure to growing demand in automobile and consumer durable sectors in India
Risks
- History of weak or inconsistent cash flows may impact operational stability
- Highly competitive and low-margin dealership industry with limited entry barriers
- Business operations concentrated in specific regions, limiting diversification
- Weak grey market sentiment with flat GMP indicating muted listing expectations
- Heavy dependence on key OEM partners like Bajaj Auto and LG Electronics for revenue
- Elevated debt levels increase financial risk and reduce flexibility during downturns
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed27 Apr 2026Bidding starts for all investor categories
IPO Closes
Completed29 Apr 2026Last day to place your bid
Basis of Allotment
Completed30 Apr 2026Share allotment finalised
Refund Initiation
Completed04 May 2026Refunds credited for non-allottees
Credit to Demat
Completed04 May 2026Allotted shares credited to demat account
Listing on Exchange
Completed05 May 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹135,000 | 1 | ₹135,000 | 1 lot only |
| HNI | 2 | 2000 | ₹270,000 | 2 | ₹270,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,452,830 | 32.5 | 0 | 0.00x | 100% |
| NII | 15% | 735,849 | 9.75 | 0 | 0.00x | 100% |
| Retail | 35% | 1,716,981 | 22.75 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
