Amba Auto SME IPO opens with zero GMP as investors stay cautious ahead of subscription

Grey market stays silent despite the buzz

Amba Auto Sales and Services’ Rs 65 crore SME IPO opened for subscription on Monday, coming with a reported zero grey market premium. The cautious sentiment may reflect investor selectiveness even as the firm posts steady growth, with revenue around Rs 242 crore in FY25. The authorized dealer for Bajaj Auto and LG Electronics plans to use IPO funds for working capital and expansion.