Jay Ambe Supermarkets Raises ₹5.24 Crore from Anchor Investors Ahead of SME IPO Opening Today

Ahmedabad, September 10, 2025 – Jay Ambe Supermarkets Limited IPO raised ₹5.24 crore through anchor investors on September 9, before its ₹18 crore initial public offering (IPO), which opens today.

Anchor Allocation Details

Shine Star Build-Cap Pvt. Ltd. was allotted 2,59,200 shares, which represent 38.57% of the anchor investor share. The investment is worth ₹2.02 crore. An allotment was also made to Nexus Equity Growth Fund (Scheme-1) of 2,59,200 shares, which is 38.57% of the anchor book, with a commitment of ₹2.02 crore.

Craft Emerging Market Fund PCC – Elite Capital Fund subscribed to 1,53,600 shares, amounting to 22.86% of the anchor share part, for ₹1.20 crore. Altogether, 6,72,000 shares were allocated to anchor investors in total, amounting to ₹5.24 crore.

IPO Key Terms

Jay Ambe Supermarkets aims to raise ₹18 crore through the issue of 23,64,800 equity shares. Price band has been set at ₹74 to ₹78 per share. The investors can subscribe in lots of 1,600 shares, amounting to a minimum investment of ₹1,24,800 at the higher price band. The public issue will be open for subscription from September 10 to September 12, 2025. After the offer, the shares are to be listed on the BSE SME platform on September 17, 2025.

Use of Proceeds

• Acquisition of Nana Chiloda store, Ahmedabad
• Three new store fit-outs
• Working capital requirements
• General corporate needs

About Jay Ambe Supermarkets

Established in 2018, Jay Ambe Supermarkets Limited has 17 stores in Gujarat under the brand name City Square Mart. The firm deals in FMCG, grocery, home furnishings, apparel, footwear, toys, and household goods, employing franchise-led models FOCO and FOFO for growth.

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