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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 Amba Auto Sales IPO 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.
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 IPO 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.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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