Amba Auto Sales and Services IPO

About Amba Auto Sales and Services IPO

The Amba Auto Sales and Services IPO opens on Monday, April 27, 2026 and closes on Wednesday, April 29, 2026. The allotment of shares will take place on Thursday, April 30, 2026. The credit of shares to the demat account will take place on Monday, May 4, 2026. The initiation of refunds will take place on Monday, May 4, 2026. The listing of shares will take place on Tuesday, May 5, 2026.

The offer consists of a fresh issue component. The fresh issue will include 0.48 crore shares of ₹65.12 crores. The total number of shares is 48,24,000 and the aggregate amount is up to ₹65 crores.

Amba Auto Sales and Services IPO’s price band is set at ₹130 to ₹135 per share. The lot size for an application is 1,000. The minimum amount of investment required by a retail investor is ₹2,70,000 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹4,05,000.

Amba Auto Sales and Services operate across multiple segments within the automobile industry, catering to a diverse and expansive customer base. Its product portfolio comprises a wide range of Stock Keeping Units (SKUs), including electric vehicles (EVs), sports bikes, motorcycles, auto rickshaws, and the Qute quadricycle. This diversified offering allows the company to serve varying customer preferences across both individual and commercial vehicle categories. In addition to product sales, the company provides comprehensive after-sales services.

Objectives of Amba Auto Sales and Services IPO

• Funding capital expenditure for setting up new showrooms and renovating existing ones.
  
• To meet the working capital requirements of the company.
  
• General corporate purposes.
  

Industry Outlook

India’s automobile ecosystem is vast and multifaceted, catering to a wide spectrum of mobility needs across the country. From the bustling metro cities where passenger cars dominate the urban landscape to rural and semi-urban regions where two-wheelers and three-wheelers serve as essential means of transport, the industry plays a critical role in enabling access, connectivity, and livelihood. With the continuous rise in urbanization, aspirations for personal mobility, and growth in e-commerce and logistics, the demand for diverse vehicle types has accelerated significantly. This has positioned India not only as a manufacturing powerhouse but also as a consumption-driven auto market. Adding to this momentum is the country’s emphasis on clean and sustainable mobility. India’s automobile industry is not just inward-looking; it is also shaping global markets. The export of affordable, fuel-efficient two- and three-wheelers has placed Indian manufacturers at the forefront of mobility solutions for developing nations. Additionally, India’s growing focus on design innovation, smart connectivity, and safety features has elevated the quality standards of its automotive offerings.

About Amba Auto Sales and Services

Amba Auto Sales and Services operate as an authorised dealer of Bajaj Auto Limited (‘Bajaj Auto’) and LG Electronics India Limited (‘LG Electronics’) under the brand name Amba Bajaj and Amba LG Best Shop (“LG Best Shop”), respectively. They have a presence across the automotive retail value chain, including sales of new vehicles, aftersales service and repairs (including sales of spare parts, lubricants and accessories) and facilitation of the sales of third-party financial and insurance products. Additionally, in consumer electronics, they offer a diversified range of products including air conditioners, televisions, washing machines, refrigerators and small appliances.

In the automobile segment, the company operates as an exclusive authorised dealer of Bajaj Auto Limited and has maintained this dealership since its inception. Over the years, the company has developed a strong and strategic relationship with Bajaj Auto, which has enabled it to expand its dealership portfolio across the following four key product segments: Bajaj Two-Wheeler, KTM, Chetak, and Commercial Three-Wheeler Vehicles.

Strengths of Amba Auto Sales and Services

• Experienced promoters and management team.
  
• Strategically located logistics and warehousing facilities.
  
• Diversification in products and services.
  
• Long-term relationships with their Original Equipment Manufacturer(s) (‘OEMs’).
  
• Training programmes and skilled employees.
  

Risks of Amba Auto Sales and Services

• Any damage to their or their OEMs’ brands or their failure to compete effectively in India.
  
• Any decline in demand for the products offered by the company, their parts, accessories or related hardware by individuals or entities.
  
• Increasing competition across automotive and electronic appliance dealerships, driven by online and offline marketing strategies.
  
• Failure to successfully implement their growth strategy, including the opening of new store locations and service centres and penetrating deeper into existing geographic locations.
  
• Inability or failure to maintain optimum inventory levels or any significant inventory losses due to theft, fire, flood, earthquake, damage, or obsolescence.
  

Notes: *As the period ending on December 31, 2025 is not comparable to the Financial Year ended March 31, 2025, growth from revenue from operations is not ascertainable. **Not Annualized

1. Revenue from Operations’ means the Revenue from Operations as appearing in the Restated Financial Statements.

2. 'Growth in Revenue from Operations’ is calculated by subtracting the previous period's revenue from the current period's revenue and then divide by the previous period's revenue.

3. 'EBITDA' is calculated as Profit before tax + Depreciation + Interest Expenses-Other Income.

4. 'EBITDA Margin’ is calculated as EBITDA divided by Revenue from Operations.

5. 'PAT’ is calculated as Profit before tax – Tax Expenses.

6. ‘PAT Margin’ is calculated as PAT for the year divided by Revenue from Operations.

7. 'EBIT' is calculated as Profit before tax + Interest Expenses.

8. ‘EBIT Margin’ is calculated as EBIT for the year divided by Revenue from Operations.

9. ‘Return on Average Equity’ is the ratio of Profit after Tax and Average Shareholder Equity.

10. ‘Return on Capital Employed’ is calculated as EBIT divided by average capital employed, which is defined as Average of Shareholders’ Equity plus Total Debt.

11. ‘Net worth’ means the aggregate value of the Paid-up Share Capital and Reserves and Surplus.

12. Net Cash Flow from Operating Activities’ means the Net Cash Flow from Operating Activities as appearing in the Restated Financial Statements.

Anchor Investor Bidding Date: Friday, April 25, 2026

Registrar: Bigshare Services Private Limited Book Running Lead Manager: Capital Square Advisors Private Limited

Business Model

The company earns its revenue through the following: Operating as an authorised dealer of Bajaj Auto Limited (‘Bajaj Auto’) and LG Electronics India Limited (‘LG Electronics’) under the brand name Amba Bajaj and Amba LG Best Shop (“LG Best Shop”), respectively. They have a presence across the automotive retail value chain, including sales of new vehicles, aftersales service and repairs (including sales of spare parts, lubricants and accessories) and facilitation of the sales of third-party financial and insurance products.

Amba Auto Sales and Services Growth Trajectory

(Restated Data)

Amba Auto Sales and Services’ Total Income for FY25 was ₹242.461 crores, whereas in FY24 and FY23 it was ₹211.335 crores and ₹113.051 crores, respectively.

The Profit After Tax for FY25 was ₹7.776 crores, whereas in FY24 and FY23 it was ₹2.887 crores and ₹0.638 crores, respectively.

Their EBITDA for FY25 was ₹17.479 crores, whereas in FY24 and FY23 it was ₹8.408 crores and ₹4.450 crores, respectively.

Amba Auto Sales and Services Market Position

Amba Auto Sales and Services have built a strong market presence in Bengaluru, Karnataka with more than two decades of experience having commenced their business operations as a proprietary concern by setting up their first dealership for two wheelers sales and service. Over the years they have expanded their operations and have acquired dealerships for Three-Wheeler, KTM (Sports Motorcycles) & Chetak as well from Bajaj Auto. Currently, the company is an authorised dealer of 4 out of 5 product segments of Bajaj Auto Limited, which includes Motorcycles, KTM, Chetak and Three-Wheeler.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹242.461 crores, ₹7.776 crores, and ₹17.479 crores, respectively.

How to apply for Amba Auto Sales and Services IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.