₹1,24,800 / 1600 shares
Jay Ambe Supermarkets IPO Details
RHP/DRHPIssue Date
10 Sep - 12 Sep'25
Investment/lot
₹1,24,800
Price Range
₹74 - ₹78
Lot Size
1600
IPO Size
₹18.45 Cr
IPO Listing Details
Listing On
17 Sep'25
Issue Price
₹78
Listed Price
--
Retail Gain/Listing Gain
--
Schedule of Jay Ambe Supermarkets
Start date
10/09/2025
End date
12/09/2025
Allotment of bids
15/09/2025
Refund Initiation
Listing on exchange
17/09/2025
Jay Ambe Supermarkets IPO Subscription Status
(Last updated on 12 Sep 2025 04:45 PM)
| Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 10-Sep-2025 | 1.07x | 0x | 1.64x | 3.68x |
Day 2 11-Sep-2025 | 6.82x | 1.01x | 9.98x | 9.62x |
Day 3 12-Sep-2025 | 59.07x | 16.79x | 70.03x | 81.83x |
Subscription Rate
| Category | Subscription Rate |
|---|---|
Non-Institutional (HNI) | 81.87x |
Qualified Institutions | 16.79x |
Retail | 71.16x |
Total Subscription | 59.61x |
Jay Ambe Supermarkets IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
HNI (Min) | 2 | 3200 | ₹2,49,600 |
Issue Highlights
Initial public issue of up to 23,64,800 equity shares of face value of Rs. 10/- each of Jay Ambe Supermarkets Limited (JASL) or the Company or the Issuer) for cash at a price of Rs. [] per equity share including a share premium of Rs. []/- per equity share (the Issue Price) aggregating to Rs. [] crores (the Issue), of which [] equity shares of face value of Rs. 10/- each for cash at a price of Rs. []/- per equity share including a share premium of Rs. []/- per equity share aggregating to Rs. [] crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portionö). The issue less the market maker reservation portion i.e. net issue of [] equity shares of face value of Rs. 10/- each at a price of Rs. []/- per equity share including a share premium of Rs. []/- per equity share aggregating to Rs. [] crores is herein after referred to as the ônet issueö. The issue and the net issue will constitute [] and [*], respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The price band and the minimum bid lot will be decided by the company. l
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
Jay Ambe Supermarkets IPO Valuation
Jay Ambe Supermarkets IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | 2 | 3200 | 2,49,600 |
Individual Investors (Retail) (Max) | 2 | 3200 | 2,49,600 |
S-HNI (Min) | 3 | 4800 | 3,74,400 |
S-HNI (Max) | 8 | 12800 | 9,98,400 |
B-HNI (Min) | 9 | 14400 | 11,23,200 |
Jay Ambe Supermarkets IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue |
Non-institutional Applicants | Not less than 15% of the net issue |
Individual Investors | Not less than 35% of the net issue |
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
All Financial Information about Jay Ambe Supermarkets IPO
Comparison with peers
| Company Name | Revenue from Operations (in ₹crores) | EPS in ₹ | NAV Per Share (in ₹) | Return on Net Worth (in %) |
|---|---|---|---|---|
Jay Ambe Supermarkets Ltd | 47.3528 | 4.50 | 20.83 | 20.29 |
Osia Hyper Retail Ltd | 1144.4745 | 1.46 | 23.85 | 4.97 |
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.
Jay Ambe Supermarkets IPO Profit and Loss
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Revenue (in ₹ crores) | 47.400 | 33.4129 | 32.6915 |
Profit Before Tax (in ₹ crores) | 3.8158 | 2.1265 | 0.4530 |
Profit After Tax (in ₹ crores) | 2.7537 | 1.5489 | 0.3530 |
EBITDA (in ₹ crores) | 4.9860 | 3.1608 | 1.2433 |
EPS in ₹ | 4.50 | 2.70 | 0.65 |
Jay Ambe Supermarkets IPO Balance Sheet
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit Before Tax (in ₹crores) | 3.8158 | 2.1265 | 0.4530 |
Net Cash Flow from Operating Activities (in ₹crores) | (3.0479) | (1.6708) | (3.11) |
Net Cash Flow from Investing Activities (in ₹crores) | (1.0166) | (0.1805) | (1.3075) |
Net Cash Flow from Financing Activities (in ₹crores) | 2.6511 | 3.2363 | 3.8651 |
Closing Balance of Cash & Cash Equivalents (in ₹crores) | 0.3713 | 1.7847 | 0.3997 |
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.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Jay Ambe Supermarkets IPO FAQs
When is Jay Ambe Supermarkets IPO allotment?
Jay Ambe Supermarkets IPO will be allotted on 2025-09-15.
When is Jay Ambe Supermarkets IPO listing date?
Jay Ambe Supermarkets will list on 2025-09-17.
What is the issue size of Jay Ambe Supermarkets IPO?
18.45 is the issue size of Jay Ambe Supermarkets IPO.
What is the minimum lot size required for Jay Ambe Supermarkets IPO?
The minimum lot size is 1600 shares and the investment required is ₹124800.
What is the price band of the Jay Ambe Supermarkets IPO?
The price band of Jay Ambe Supermarkets IPO is ₹74 to ₹78.
Where can I read more about Jay Ambe Supermarkets business?
You can read more about Jay Ambe Supermarkets and its IPO from the company’s red herring prospectus (RHP) here.
What is the Jay Ambe Supermarkets Ltd IPO?
The Jay Ambe Supermarkets Ltd IPO comprises a fresh issue of up to 23,64,800 equity shares aggregating up to ₹18.45 crores. There’s no offer for sale in this IPO.
When is the Jay Ambe Supermarkets Ltd IPO coming?
The IPO opens for bidding on 9th September 2025.
Who is the Chairman of Jay Ambe Supermarkets Ltd?
Jignesh Amratbhai Patel is the Chairman and MD of Jay Ambe Supermarkets Ltd.
What is the lot size of shares of Jay Ambe Supermarkets Ltd IPO?
The lot size of shares in the Jay Ambe Supermarkets Ltd IPO is 1600.
From where can I get more information about the IPO of Jay Ambe Supermarkets Ltd?
To get more information about the IPO of Jay Ambe Supermarkets Ltd, click on the company’s red herring prospectus here.
