23
Apr
Mumbai (Maharashtra) [India], April 23: Amba Auto Sales and Services Limited (The Company Amba Auto) is engaged in automobile and consumer electronics retail, proposes to open its Initial Public Offering on Monday, April 27, 2026, aiming to raise ₹65.12 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform. The issue size is 48,24,000 equity shares at a face value of ₹10 each with a price band of ₹ 130 – ₹ 135 Per Share. Equity Share Allocation QIB – Not more than 4,64,000 Equity Shares NII– Not less than 22,86,000 Equity Shares Individual Investors – Not less than 18,32,000 Equity Shares Market Maker – Up to 2,42,000 Equity Shares The net proceeds from the IPO will be utilized for funding capital expenditure for setting up new showrooms and…
