Amba Auto Sales and Services, an automobile and consumer electronics retailer, plans to raise ₹65 crore through Initial Public Offering on NSE Emerge.

The company will offer 48.24 lakh equity shares in the price band of ₹130 and ₹135 a share.

The issue will open for subscription on Monday.

The net proceeds from the IPO will be used to set up new showrooms and renovate existing ones, to meet the working capital requirements and general corporate purposes.

CapitalSquare Advisors has been appointed as book running lead manager while Bigshare Services will be the registrar to the issue.

Pradeep Kumar Lohia, Chairman & Executive Director, Amba Auto Sales and Services said over the years, the company has built a strong dealership platform with good relationships with leading OEMs such as Bajaj Auto and LG Electronics, supported by a well-established network across Bengaluru.

The proceeds from the IPO will be primarily used towards expansion of the showroom network, strengthening service infrastructure and meeting working capital requirements, he said.

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 believes the IPO will position it well to capture growth opportunities in both the automobile and consumer durable segments, he added.

Sunil Kumar Manocha, Founder & Managing Director, CapitalSquare Advisors said the Indian automobile and consumer durables sectors continue to demonstrate strong structural growth, supported by rising disposable incomes, urbanisation and increasing demand for mobility and lifestyle products.

Given the company’s focused strategy on network density, customer-centric approach and integrated revenue streams across vehicle sales, after-sales services, and consumer electronics, the company is well positioned to capitalise on growth opportunities in both the automobile and consumer durables segments, he added.

Published on April 23, 2026