Key Details: Price Band: ₹130 – ₹135 per share Issue Size: ₹65.12 crore Lot Size: 1,000 shares Listing Date: May 5, 2026 (NSE SME) Registrar: Bigshare Services Lead Manager: Capital Square Advisors
Introduction
The last week of April 2026 has been a mixed bag for the Indian IPO market. While no new mainboard issues opened for subscription this week, the SME segment kept things lively with fresh launches, active subscriptions, and key listings. Here is everything IPO investors need to know right now.
1. Amba Auto Sales & Services IPO — SME Segment's Spotlight
Amba Auto Sales & Services launched its ₹65.12 crore book-built SME IPO on April 27, 2026, on the NSE SME platform. HDFC Sky
The issue closes on April 29, with a price band of ₹130 to ₹135 per share and a minimum lot size of 1,000 shares. Retail investors looking to apply for two lots would need to invest approximately ₹1,35,200. Business Standard
The company is an authorised dealer of Bajaj Auto and LG Electronics India, operating under the brand names Amba Bajaj and Amba LG Best Shop, with a presence across the automotive retail value chain including new vehicle sales, after-sales service, spare parts, and accessories. Business Standard
The IPO is entirely a fresh issue with no Offer for Sale component, meaning all proceeds flow directly to the company — a positive indicator for investors. The company plans to deploy ₹43 crore toward working capital requirements and ₹6.42 crore for setting up new showrooms and renovating existing ones. The remaining funds will be used for general corporate purposes. Business Standard
