Amba Auto Sales and Services, a retailer in the automobile and consumer electronics sectors, intends to raise ₹65 crore through an Initial Public Offering (IPO) on NSE Emerge. The offering will comprise 48.24 lakh equity shares priced between ₹130 and ₹135 each. The subscription period will commence on Monday.
The company plans to utilize the net proceeds from the IPO for establishing new showrooms and renovating existing ones, managing working capital needs, and covering general corporate expenses. CapitalSquare Advisors has been appointed as the book running lead manager, while Bigshare Services will act as the registrar for the issue.
Pradeep Kumar Lohia, Chairman and Executive Director of Amba Auto Sales and Services, emphasized that the company has developed a robust dealership platform with strong ties to leading Original Equipment Manufacturers (OEMs) such as Bajaj Auto and LG Electronics, bolstered by a well-established network in Bengaluru.
Lohia stated that the funds raised will primarily support the expansion of the showroom network and enhance service infrastructure to meet working capital demands. With a focused strategy on network density, customer-centric operations, and integrated revenue streams across vehicle sales, after-sales services, and consumer electronics, the company is poised to seize growth opportunities in both the automobile and consumer durable markets.
Sunil Kumar Manocha, Founder and Managing Director of CapitalSquare Advisors, noted that the Indian automobile and consumer durables sectors are experiencing strong structural growth driven by increasing disposable incomes, urbanization, and a rising demand for mobility and lifestyle products. He reiterated that the company’s deliberate strategy on network density and customer engagement positions it well to leverage opportunities within these segments.
The publication date of the article is April 23, 2026.
