Jay Ambe Supermarkets IPO

About Jay Ambe Supermarkets IPO

The IPO of Jay Ambe Supermarkets Ltd comprises a fresh issue of up to 23,64,800 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price band is ₹74 to ₹78 per share and the lot size is 1600 shares. The IPO opens on September 10, 2025 and closes on September 12, 2025.

The listing date is on or before September 16, 2025 and the allotment date is on September 15, 2025. The credit of shares to the Demat account will take place on or before September 16, 2025, while the initiation of refund will take place on or before September 16, 2025.

Jay Ambe Supermarkets Ltd is engaged in the business of trading of FMCG material, grocery, home textile, home décor, cloths, or apparels, toys, gift articles, footwear and other household items, via supermarkets.

Objectives of Jay Ambe Supermarkets IPO

The company proposes to utilise the IPO proceeds for:

• Purchasing of existing store of the company located at Nana Chiloda, Ahmedabad
• Purchasing of fit-outs for three new stores
• Meeting working capital requirements
• Meeting general corporate purposes

Industry Outlook

The Indian retail sector is experiencing a significant transformation owing to a range of shifting socio-economic factors, increasing digital and new age technology influence along with a rapidly transforming consumer landscape. Over the years, India has evolved as a thriving consumer-driven economy, making it the 4th largest retail market globally after the US, China, and Japan and has thus become one of the most attractive markets for global retailers to expand their footprints in India.

The organised retail is gaining ground at a brisk pace in India where a balance is emerging across shopping formats that include hypermarkets, supermarkets, and other large retail formats like specialty stores.

Major retail chains are expanding their presence beyond metros and Tier-1 cities to tier-2, tier-3 cities and even in tier-4 cities owing to lower rental rates and operating costs. This is translating into overall increase in the nation's consumer power and benefitting the growth of organised retail in India. As per AT Kearney report, the organised retailing segment was estimated to value at USD 110 Bn in 2022 and is projected to grow to USD 230 Bn by 2030.

Company Information

Jay Ambe Supermarkets Private Limited was founded and promoted by Mr. Jignesh Amratbhai Patel, Mr. Rutwijkumar Maganbhai Patel, Mr. Bhikhabhai Shivdas Patel and Mr. Harshal Daxeshbhai Patel, with the object to carry on the business of trading of FMCG material, grocery, home textile, home décor, cloths, apparels, toys, gift articles, footwear, other household items, via supermarkets and its type and other related activity to fulfil the main object.

The company is committed to promote the supermarket trend with the objective of enhancing the retail shopping experience for all customer segments.

Strengths of Jay Ambe Supermarkets IPO

• Strong vendor relationships
• Wide range of products
• Experienced management team
• Customer friendly refund policy
• Track record of profitability and consistent financial performance

Risks of Jay Ambe Supermarkets IPO

• Geographic concentration in Gujarat
• Disruption in rent and lease agreement can adversely affect business
• Inability to meet working capital requirements may adversely affect result of operations
• Inability to maintain optimum inventory levels may adversely affect cash flow
• Negative cash flow in future may adversely affect financial condition

Anchor Investor Bidding Date

Anchor investors can bid for this IPO on September 8, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: MUFG Intime India Pvt Ltd
• Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd

Business Model

Jay Ambe Supermarkets Ltd is engaged in the business of trading of FMCG material, grocery, home textile, home décor, cloths, or apparels, toys, gift articles, footwear and other household items, via supermarkets. It’s carrying on its business through retail marts via franchise model as well.

Company Growth Trajectory

The revenue from operations of Jay Ambe Supermarkets Ltd grew from ₹32.6896 crores in FY 23 to ₹47.3528 crores in FY 25. Its EBITDA margin has grown from 3.80% in FY 23 to 10.53% in FY 25, while PAT margin has increased from 1.08% in FY 23 to 5.82% in FY 25. Strong vendor relationships coupled with a wide range of products has aided the company’s growth over the years.

Market Position

City Square Mart is a brand owned by the company Jay Ambe Supermarkets Private Ltd. The journey began in August 2018 with the establishment of its first store in Kudasan, Gandhinagar. In just six years, the company expanded to 17 stores across Gujarat, establishing itself as a fast-growing retail chain in the region.

City Square Mart has a strong presence in Gujarat with multiple store outlets situated at various locations across the state. Out of its total 17 stores at present, 10 stores are owned and operated by the company while 7 are Franchise Stores situated at Amin Marg (Rajkot), Bhuj, Mavdi (Rajkot), Mehsana, New Chandkheda and Ognaj.

Among these 7 stores, the Bhuj and New Chandkheda follows the FOCO (Franchise Owned, Company Operated) model, while the remaining outlets are managed under the FOFO (Franchise Owned, Franchise Operated) model, reflecting the company's diverse approach to business operations in the region.

How to Check Allotment Status of Jay Ambe Supermarkets IPO?

1. Visit the Registrar’s Website

• Visit the website of MUFG Intime India Pvt Ltd
• Choose ‘Public Issues’ from Investor Services dropdown
• Choose the name of the company from ‘Select Company’ dropdown
• Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
• Click on Submit to check the status

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
• Select the Issue Name from dropdown
• Put in either your application number or PAN number
• Check the box ‘I’m not a robot’
• Click on ‘Search’ to know allotment status

How to Apply for the Jay Ambe Supermarkets IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.