The initial public offer (IPO) of Jay Ambe Supermarkets received bids for 10,12,92,800 shares as against 16,92,800 shares on offer. The issue was subscribed 59.84 times.
The issue opened for bidding on 10 September 2025 and it closed on 12 September 2025. The price of the IPO was fixed between Rs 74 – Rs 78 per share. The equity shares will list on BSE’s SME platform.
Qualified Institutional Buyers (QIBs) bid for 75,50,400 shares, Non-Institutional Investors (NIIs) for 3,73,39,200 shares, while Retail Individual Investors (RIIs) placed bids for 5,64,03,200 shares.
The IPO comprised fresh issue of 23,64,800 shares. The promoter and promoter group shareholding diluted to 52.46% post IPO from 71.51% pre-IPO.
The company intends to utilize the net proceeds to purchasing existing store located at Nana Chiloda, Ahmedabad, purchase fit-outs for three new stores, to meet working capital requirements and general corporate purpose.
Jay Ambe Supermarkets 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 also operates its business through retail marts via franchise model. City Square Mart is a brand owned by the company. As on 31st March 2025, the company had 115 employees.
Ahead of the IPO, Jay Ambe Enterprises on Tuesday, 9 September 2025, raised Rs 5.24 crore from anchor investors. The board allotted 6.72 lakh shares at Rs 78 each to 3 anchor investors.
The company recorded revenue from operations of Rs 47.35 crore and net profit of Rs 2.75 crore for the period ended 31 March 2025.