Amba Auto Sales and Services Ltd - IPO

Amba Auto Sales and Services Ltd IPO Details

Initial public issue of up to 48,24,000 equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 130 - 135 per equity share (including a share premium of Rs. 120 - 125 per equity share) (Issue Price) aggregating up to Rs. 62.71 - 65.12 Crores (Issue / Issue). This issue includes a reservation of up to 2,42,000 equity shares aggregating up to Rs. 3.15 - 3.27 Crores for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute 26.33% and 25.01%, respectively, of the post-issue paid-up equity share capital of the company, respectively.Price Band: Rs. 130 to Rs. 135 per equity share of face value of Rs. 10 each.The floor price is 13 times the face value of the equity shares and the cap price is 13.5 times the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.

Objective of issue

Funding capital expenditure for setting up new showrooms and renovating existing ones. The working capital requirements of the Company. General corporate purposes.

Amba Auto Sales and Services Ltd Contact Details

Amba Auto Sales and Services Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@ambabajaj.com

Website - www.ambaauto.com