If you are waiting for IPO then this is an important update for you. Actually, the Rs 65.12 crore IPO (initial public offering) of Amba Auto Sales and Services will open for public subscription today i.e. on April 27 on the Emerge platform of NSE. On the other hand, today is the last day for bidding in Edisoft Tech’s IPO. That means today is a very important day for investors.
IPO of Amba Auto Sales and Services
Amba Auto Sales and Services will be closed on 29th April. The company has fixed the price band of Rs 130-135 per equity share. This IPO is a completely fresh issue of 48.24 lakh new equity shares of face value Rs 10 each. The company will use the funds raised from this IPO for capital expenditure for setting up new showrooms and renovation of existing showrooms, meeting working capital needs and for general corporate purposes.
CapitalSquare Advisors Pvt Ltd is the sole book-running lead manager to the issue, while BigShare Services is the registrar. The allotment of shares of the company is likely to take place on 30 April 2026 (Thursday). The company’s shares are likely to be listed on the SME platform of NSE on May 5, 2026.
IPO of Adisoft Technologies Ltd
The IPO of Edisoft Technologies Limited was opened for bidding on 23 April. It has received a total of 3.16 times subscription so far. In this, qualified institutional buyers have subscribed 3.67 times, non-institutional investors 3.14 times and retail individual investors 2.88 times. The price band of the IPO is Rs 163-172 per share. The lot size of this IPO is 800 shares. If you are interested in this IPO then you can bid in it today. The allotment of shares in this IPO is to take place on April 28. It is expected that the listing of the company’s shares can happen on April 30, 2026.
GMP of both IPOs
If we look at the gray market, there is not much activity visible regarding the shares of Amba Auto, whereas the shares of Adisoft Tech are at GMP (Grey Market Premium) of ₹ 15 i.e. 8.72% from the upper price band of the IPO. Experts believe that it would be right to take investment decisions only after assessing the strength of the company’s fundamentals and its financial position and not based on the signals received from the gray market.
SK Sharma is a content writer who writes on news, entertainment, and lifestyle topics. She has over four years of experience and is known for conveying information in simple and clear language.
