Amba Auto Sales & Services IPO

Incorporated in February 2005, Amba Auto Sales and Services operates as an authorised dealership for two key brands, namely Bajaj Auto Ltd and LG Electronics India Ltd, with over two decades of operation experience in Bengaluru, Karnataka. The firm has a broad-based presence throughout the value chain of automobile retailing and facilitating third-party financial and insurance products. It is currently operating as the authorised dealer of 4 out of 5 product categories manufactured by Bajaj Auto. In the consumer electronics industry, the firm offers a broad range of LG products.

The firm currently has 25 sales showrooms and outlets located in Bengaluru. Moreover, the firm also has 18 after-sales service outlets. During FY25, the firm sold 12,035 units of new vehicles, which included 5,207 units of two-wheelers and 6,828 units of commercial vehicles. During FY25, the firm offered services to 70,065 units of vehicles, where 40,942 were two-wheelers and 29,123 were commercial vehicles. Revenue from sales of new vehicles accounted for 86.34% and 82.80% of the total revenue during FY25 and 9MFY26, respectively.

The firm caters to a wide range of customers, with automobile segment customers increasing from 6,275 in FY23 to 12,035 in FY25, mainly driven by the 3-wheeler segment, while the number of LG segment customers has risen to 1,987 in 9MFY26 from 1,042 in FY25, with revenue from recurring revenue rising to 6.97%. However, the suppliers' market is highly concentrated, with the leading supplier, Bajaj Auto, having a share of 91.36%, whereas the combined share of the top five and top ten suppliers is 97.49% and 98.90%, respectively.