Amba Auto IPO

Amba Auto Sales and Services Limitedambaauto.com

ListedSMEConsumer DiscretionaryNSE Emerge

Price band: ₹130 – ₹135
Issue size: ₹65.12 Cr
Lot size: 1000 sh
Bidding: 27 – 29 Apr
Grey market: —

Market data to 30 Oct 2026. Company figures are as filed, sourced 16 Oct 2026. Every figure’s origin is listed under Sources.

IPOVista score

How this issue scores, and why

Every pillar opens to show the raw metric, the curve it was mapped through, the sub-score and its weight. Disagree with the weighting if you like — the arithmetic is all here.

56Balanced

IPOVista score

Balance sheet is the open question

63% of the scoring model was backed by disclosed data for Amba Auto, giving medium confidence. Weights for anything missing were redistributed rather than scored as zero.

How this score is built

PillarScoreWeight

Below the line: market sentiment. Capped at 8 of 100 points so a hot grey market can tilt a score but never carry one.

Read this before the number

Leveraged balance sheet
Debt-to-equity of 3.6× leaves limited headroom if demand softens or rates rise.
SME platform listing
SME issues trade in larger lot sizes with thinner volumes than mainboard listings, which makes exiting a position harder.

The IPOVista Score is a transparent summary of disclosed fundamentals and issue terms. It is research, not investment advice, and it cannot predict listing performance.

The company

What the business actually does

Founded 2005 · Bengaluru, Karnataka · 254 employees

Amba Auto Sales and Services runs vehicle and appliance dealerships in Bengaluru. It is an authorised dealer for Bajaj Auto, trading as Amba Bajaj, selling new two-wheelers (motorcycles, KTM sports bikes and Chetak scooters) and three-wheelers, and it operates the matching workshops, selling spare parts, lubricants and accessories and facilitating third-party finance and insurance on vehicle sales. The prospectus states it is an authorised dealer for 4 of Bajaj Auto's 5 product segments. Separately it is an authorised LG Electronics dealer under the LG Best Shop banner, retailing air conditioners, televisions, washing machines, refrigerators and small appliances. As on 31 December 2025 it traded from 28 showrooms and service centres plus one godown, all on lease, and had roughly 254 employees as on 28 February 2026.

Earnings are a dealer spread on goods bought from two OEMs and resold, not a manufacturing margin, and the prospectus notes neither dealership agreement is exclusive and either OEM may terminate it. The mix is narrow: in the nine months to 31 December 2025 Bajaj three-wheelers alone were 50.71% of revenue from operations and two-wheelers 31.79%, while service and repairs added 7.35% and spare parts and accessories 4.99%; the LG appliance business was only 3.73%. Revenue from operations was Rs 203.74 crore for that period against Rs 242.37 crore in FY25, at EBITDA margins of 10.97% and 7.21%. The structural constraint is funded inventory: borrowings were Rs 57.42 crore against net worth of Rs 26.90 crore at 31 December 2025, and every premise is leased.

The company on paper

Legal name: Amba Auto Sales and Services Limited
IncorporatedThe legal entity is often incorporated years before the brand you know, and may have traded under another name first: 24 Feb 2005
CINCorporate Identity Number — the unambiguous handle for looking this company up at the MCA: U47594KA2005PLC035690
Sector: Consumer Discretionary · Authorised dealership for Bajaj two- and three-wheelers and LG consumer appliances in Bengaluru
Employees: 254
Registered office: Bengaluru, Karnataka
Promoters: Pradeep Kumar Lohia, Rakesh Kumar Lohia, Vikash Kumar Lohia
Promoter holding, pre-issue: 96.7%
Promoter holding, post-issue: 71.2%
Website: ambaauto.com

The numbers

Financial performance

Revenue has compounded at 46.5% a year across the 3 reported financial years.

Revenue and profit

Figures in ₹ crore, as reported in the prospectus. Interim quarters are not annualised.

Revenue
Profit after tax

Margin trend

Profit and operating margin as a percentage of revenue

Net margin
EBITDA margin

Net worth and borrowings

At each period end, in ₹ crore. Gearing below each period is borrowings over net worth, from these same figures.

Net worth
Total borrowings

The price

Valuation

What the issue asks for the business, set against what the business earns.

No valuation ratios are recorded for this issue. The price band and the reported financials above are what this record holds.

The terms

How the issue is structured

100% of the money raised is fresh capital that goes to the company; the rest goes to shareholders selling down.

Fresh issueNew shares — proceeds go to the company: ₹65.12 Cr
Offer for saleExisting shares — proceeds go to the selling shareholders: ₹0
Total issue size: ₹65.12 Cr
Shares offered in the OFS: —
Pre-issue shares outstanding: —
Employee discount: —
Market maker portionSME issues require a market maker to provide two-way quotes: 2,42,000

What the issue does to ownership

Share of paid-up equity before and after the offer. The promoters give up 25.5% of the company.

Promoters
Everyone else

Hover or focus a segment to see who it is. The two bars are the same company, measured before and after the offer.

Percentages are of paid-up equity, and the “after” column assumes the offer is fully subscribed, which is how the offer document states it. This record does not disclose a pre- and post-issue share count, so the part of the company actually changing hands is not split out — everyone who is not a promoter is shown together.

Demand

What the market is bidding

Subscription is hard exchange data. Grey-market premium is not — it is an unofficial quote, shown because readers want it and labelled because it deserves the label.

Subscription by category

Cumulative bid multiples at the end of day 3. Anchor allocations are excluded.

Hover or focus a category to see who bids in it.

Total subscription1.19×

A category subscribed above 1× is oversubscribed; allotment in that category then runs as a lottery or on a proportionate basis.

Grey market premium

Unofficial over-the-counter sentiment

No grey-market quotes have been recorded for this issue.

Outcome

How it actually listed

Issue price: ₹135.00
Listed at: ₹134.50
Listing gain: down 0.4%
Since listing: down 26.4%
Against the issue price: down 26.7%

Work it out

What this means for one application

Three calculations, each stating the assumption it rests on.

What one application costs

Shares are applied for in whole lots at the cut-off price. The full amount is blocked in your bank account under ASBA, not debited, until allotment.

Lots

Shares applied for: 2,000
At cut-off price: ₹135.00
Amount blocked: ₹2,70,000

One lot is 1000 shares at ₹1,35,000. This issue requires a minimum of 2 lots, so the smallest application is ₹2,70,000. That is how the SME board is built rather than a quirk of this issue: the minimum application is set above the ₹2,00,000 that caps a retail bid on the mainboard — two lots rather than one. The smallest bid here still sits in the individual investors’ category, the one the subscription figures call retail, and when that category is oversubscribed the minimum application is allotted by draw of lots — so the odds beside this apply directly.

Odds of getting an allotment

When the retail category is oversubscribed, SEBI requires a lottery for the minimum lot. Every application has the same chance, whatever its size.

~100%

chance of one lot, per application

Retail subscription: 0.70×
Applicants per share available: 0.7× the retail quota

This is an estimate of a lottery, not a prediction. Actual odds depend on the final basis of allotment, how many applications were at the minimum lot, and rejections for technical reasons. Applying from multiple distinct PANs is the only legitimate way to hold more tickets in that lottery.

What it actually did

This issue has listed, so there is a real number instead of a prediction. The grey-market premium is shown beside it for comparison.

₹134.50

listed at, −0.4% against the issue price

Issue price: ₹135.00
Premium said: —
If allotted 1000 shares: −₹500

Listing-day figures are as reported by the exchanges.

Our read

Easy to misread

Grounded only in figures disclosed in the prospectus. This is analysis, not a recommendation.

Easy to miss in the prospectus

The most recent column in the financials is a nine-month stub to 31 December 2025, not a full year, and the prospectus itself states it is not comparable to FY25; revenue of Rs 203.74 crore for nine months should not be read as a decline from Rs 242.37 crore for twelve.

Straight from the filing

Read it yourself

Every figure on this page comes out of these. Go and check them.

Amba Auto — Prospectus dated 2026-04-3030 Apr 2026Filed after pricing, with every placeholder filled in.Opens on ambaauto.com

Served by the issuer, the exchange or the regulator — never a copy hosted here, so what you open is the filing itself.

The paperwork

Who is running the issue

Lead managers: CapitalSquare Advisors Private Limited
RegistrarAllotment status is checked on the registrar's own site: Bigshare Services Private Limited

How these figures were checked

Reconciled to Amba Auto's own prospectus and to exchange disclosures, then cross-checked against 4 other independently published compilations of the same filing. Where a stated ratio disagreed with the line items it should come from, the disagreement was settled against the prospectus itself.

Amba Auto Sales and Services Limited - Prospectus dated 30 April 2026 (company website) · read 16 Oct 2026
NSE UDiFF Common Bhavcopy, 5 May 2026 - ISIN, series ST, NewBrdLotQty and listing-day OHLC for AMBAAUTO · read 16 Oct 2026
NSE Securities Bhavcopy with delivery data, 5 May 2026 · read 16 Oct 2026

The prospectus is the authoritative document. Check anything that matters against it before you act.

At a glance

Board: SME platform
Opens: 27 Apr 2026
Closes: 29 Apr 2026
Allotment: 30 Apr 2026
Lists: 5 May 2026
Revenue (FY25): ₹242 Cr
Profit (FY25): ₹7.78 Cr

Timeline

Every step in this issue's calendar has passed.

Tap a step for what it means. Dates are as disclosed in the prospectus and can move.

On this page

IPOVista publishes research and data compiled from public filings and exchange disclosures. Nothing here is investment advice, a recommendation, or an offer to buy or sell any security. Figures can contain errors and sources can be stale — verify against the prospectus before you act, and speak to a SEBI-registered adviser. Investing in securities carries risk, including loss of capital.