The SME IPO of Amba Auto Sales and Services will open for subscription on April 24 and remain available until April 29. This ₹65 crore issue has a price band set between ₹130-135 per share, with a minimum application size of 2,000 shares, translating to an investment of ₹2.7 lakh at the upper end. Early grey market trends indicate a zero premium, reflecting cautious investor sentiment in the SME segment, where listing gains have become unpredictable. Amba Auto operates as an authorized dealer for Bajaj Auto and LG Electronics, primarily in Bengaluru, with a network of 29 showrooms and 18 service centers. The company reported a revenue of approximately ₹242 crore and a profit of ₹7.78 crore for FY25. Proceeds from the IPO will primarily support working capital and expansion, including the establishment of new showrooms and renovations of existing outlets. With no grey market premium, the IPO is viewed as a stable business offering rather than a speculative investment.