The initial public offer (IPO) of Jay Ambe Supermarkets received bids for 25,31,200 shares as against 16,92,800 shares on offer, as per BSE data as of 17:00 hours on Wednesday (10 September 2025). The issue was subscribed 1.49 times.
The issue opened for bidding on Wednesday (10 September 2025) and it will close on Friday (12 September 2025). The price of the IPO is fixed between Rs 74 – Rs 78 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 23,64,800 shares. The promoter and promoter group shareholding will dilute to 52.46% post IPO from 71.51% pre-IPO.
About 1,18,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 22,46,400 equity shares. The issue and the net issue will constitute 26.63% and 25.30% respectively of the post issue paid up equity share capital of the company.
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.