Jay Ambe Supermarkets IPO Details

Bookbuilding IPO | ₹18 Cr | Listed at BSE SME | Wed, Sep 10, 2025 - Fri, Sep 12, 2025

Jay Ambe Supermarkets IPO Logo

Jay Ambe Supermarkets IPO is a book build issue of ₹18.45 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹18.45 crore.

Jay Ambe Supermarkets IPO bidding started from Sep 10, 2025 and ended on Sep 12, 2025. The allotment for Jay Ambe Supermarkets IPO was finalized on Sep 15, 2025. The shares got listed on BSE SME on Sep 17, 2025.

Jay Ambe Supermarkets IPO price band is set at ₹78 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,49,600 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,74,400.

Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..

Refer to Jay Ambe Supermarkets IPO RHP for detailed Information.

IPO Open

Wed, Sep 10, 2025

IPO Close

Fri, Sep 12, 2025

Issue Price

₹78 per share

Market Cap (Pre-IPO)

₹69.26 Cr

IPO Details

IPO Date10 to 12 Sep, 2025
Listed onWed, Sep 17, 2025
Face Value10 per share
Price Band₹74 to ₹78
Issue Price₹78 per share
Lot Size1,600 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size23,64,800 shares
(agg. up to ₹18 Cr)
Reserved for Market Maker
1,18,400 shares
(agg. up to ₹0.9235 Cr)
Spread X Securities Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
22,46,400 shares
(agg. up to ₹18 Cr)
Net Offered to Public22,46,400 shares
(agg. up to ₹18 Cr)
Share Holding Pre Issue65,15,154 shares
Share Holding Post Issue88,79,954 shares
BSE Script Code 544514
ISININE1DRH01011

IPO Timetable

Issue Reservation

Jay Ambe Supermarkets IPO comprises a total issue size of 23,64,800 shares. The net offer to the public is 22,46,400 shares, after excluding 1,18,400 shares allotted on a firm basis. Of the Net offer 11,21,600 (49.93%) are allocated to QIB, 3,37,600 (15.03%) allocated to NII 7,87,200 (35.04%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 11,21,60049.93%47.43%
  − Anchor Investor Shares Offered 6,72,00028.42%
  − QIB (Ex. Anchor) Shares Offered 4,49,60019.01%
NII (HNI) Shares Offered 3,37,60015.03%14.28%
  − bNII > ₹10L 2,27,2009.61%
  − sNII < ₹10L 1,10,4004.67%
Retail Shares Offered 7,87,20035.04%33.29%
Firm Reservations
Market Maker Shares Offered 1,18,4005.01%
Total Shares Offered 23,64,800100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 3,200 ₹2,49,600
Individual investors (Retail) (Max) 2 3,200 ₹2,49,600
S-HNI (Min) 3 4,800 ₹3,74,400
S-HNI (Max) 8 12,800 ₹9,98,400
B-HNI (Min) 9 14,400 ₹11,23,200
IPO Subscription Details

IPO Anchor Investors

Jay Ambe Supermarkets IPO raises ₹5.24 crore from anchor investors. Jay Ambe Supermarkets IPO Anchor bid date is September 9, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateTue, Sep 9, 2025
Shares Offered6,72,000
Anchor Portion (₹ Cr.)5.24
Anchor lock-in period end date for 50% shares (30 Days)Tue, Oct 14, 2025
Anchor lock-in period end date for remaining shares (90 Days)Sat, Dec 13, 2025

About Jay Ambe Supermarkets Ltd.

Incorporated in 2020, Jay Ambe Supermarkets Limited is engaged in the business of trading of FMCG material, grocery, Home Textile, Home Décor, Cloths, or Apparels, Toys, Gift Articles, Footwear and other house hold items, via supermarkets.

The company operates retail marts through a franchise model, allowing franchisees to sell products under its brand name in exchange for an initial fee and annual licensing fees.

City Square Mart, a brand of Jay Ambe Supermarkets Private Limited, started in August 2018 in Kudasan, Gandhinagar. In six years, it expanded to 17 stores across Gujarat.

Products:

  • FMCG Food and Non-Food items
  • Packed and Loose Groceries
  • Household and General Merchandise
  • Consumer Durables
  • Luggage and Home Textiles
  • Men, Women, and Kids Garments
  • Footwear, Gift Articles, Toys, Stationery
  • Imitation Jewellery, and more

As on March 31, 2025, the company has a dedicated workforce of 132 employees of which 115 employees spread across various locations are permanent employees while 17 employees are outsourced from security agencies.

Competitive Strengths:

  • Strong Vendor Relationships
  • Wide Range of Products
  • Experienced Management Team
  • Customer friendly Refund Policy
  • Track record of profitability and consistent financial performance

Company Financials (Restated)

Jay Ambe Supermarkets Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 78% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets26.7822.0216.79
Total Income47.4033.4132.69
Profit After Tax2.751.550.35
EBITDA4.993.161.24
NET Worth13.577.553.09
Reserves and Surplus7.065.551.36
Total Borrowing8.718.567.47
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Purchase of existing store of the company located at Nana Chiloda, Ahmedabad 4.25
2 Purchase of fit-outs for Three (3) new stores 4.63
3 To Meet Working Capital Requirements 4.50
4 General Corporate Purposes 2.75

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)4.233.10
P/E (x)18.4525.15
Promoter Holding71.51%52.46%
Market Cap69.26 Cr.
Jignesh Amratbhai Patel, Harshal Daxeshkumar Patel, Bhikhabhai Shivdas Patel, and Rutwijkumar Maganbhai Patel are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
JASL is running a chain of retail stores under the branch name of “City Square Mart”. It is widely a Gujarat centric player currently having 17 stores. It mulls three new stores from the IPO funding. The company marked growth in its top and bottom lines for the reported periods. Based on its recent financial data, the issue appears aggressively priced. Small paid-up equity post-IPO indicates longer gestation period for migration. Well-informed/cash surplus investors may park moderate funds for long term.
Read detail review...

Jay Ambe Supermarkets IPO Recommendations

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Jay Ambe Supermarkets IPO Subscription Status (Bidding Detail)

The Jay Ambe Supermarkets IPO is subscribed 64.13 times on September 12, 2025 5:04:48 PM (Day 3). The public issue subscribed 71.39 times in the individual investors category, 16.79 times in the QIB category, and 110.24 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times) Shares Offered Shares bid for Total Application
QIB (Ex Anchor)16.794,49,60075,50,4000
NII*110.243,37,6003,72,16,0000
    bNII (bids above ₹10L)124.582,27,2002,83,05,600
    sNII (bids below ₹10L)80.711,10,40089,10,400
Individual Investors71.397,87,2005,61,98,4000
Total64.1315,74,40010,09,64,80021,336

Total Application : 21,336

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees and commissions payable to the BRLM (including underwriting commission, brokerage and selling commission) 1.72
2 Fees payable to the Registrar to the Issue 0.02
3 Fees payable to legal counsel 0.07
4 Fees Payable to Regulators including Stock Exchanges and other Intermediaries 0.07
5 Printing and distribution of stationery 0.02
6 Advertising and marketing expenses 0.12
7 Fees payable to Peer Review Auditor, Independent Chartered Engineer, practicing Company Secretary, Cost vetting agency, or any other Professional and fees payable for Financial Due diligence and Secretarial Work 0.20
8 Fees Payable to Market Maker (for Three Years) 0.04
9 Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Issue, Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs 0.01
10 Miscellaneous expenses 0.06

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price78.00
Open79.00
Low79.00
High82.95
Last Trade82.95

Check IPO Performance…

IPO Registrar

MUFG Intime India Pvt.Ltd.

Contact Details

Jay Ambe Supermarkets Ltd. Address
A001,
Shubh Vivid, Por Kudasan,
Village- Kudasan, Gandhinagar
Gandhinagar, Gujarat, 382421
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IPO FAQs

Jay Ambe Supermarkets IPO is a SME IPO of 23,64,800 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.

The IPO opens on Wed, Sep 10, 2025, and closes on Fri, Sep 12, 2025.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Jay Ambe Supermarkets IPO using UPI as a payment gateway. Zerodha customers can apply in Jay Ambe Supermarkets IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Jay Ambe Supermarkets IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Jay Ambe Supermarkets IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Jay Ambe Supermarkets IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025.

Jay Ambe Supermarkets IPO lot size is 1600, and the minimum amount required for application is ₹2,49,600, with 2 lots being the minimum application size.

You can apply in Jay Ambe Supermarkets IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Jay Ambe Supermarkets IPO will be done on Monday, September 15, 2025, and the allotted shares will be credited to your demat account by Tue, Sep 16, 2025. Check the Jay Ambe Supermarkets IPO allotment status.

The Jay Ambe Supermarkets IPO listing date is on Wed, Sep 17, 2025.

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