Jay Ambe Supermarkets IPO

₹1,18,400/1600 shares

Minimum Investment

IPO Details

Open Date

09 Sep 25

Close Date

11 Sep 25

Minimum Investment

₹1,18,400

Lot Size

1600

Price Range

₹74 to ₹78

Listing Exchange

BSE

Issue Size

₹18.45 Cr

Listing Date

16 Sep 25

Open Free Demat Account

Jay Ambe Supermarkets IPO Timeline

Bidding Start

09 Sep 25

Bidding Ends

11 Sep 25

Allotment Finalisation

12 Sep 25

Refund Initiation

15 Sep 25

Demat Transfer

15 Sep 25

Listing

16 Sep 25

Jay Ambe Supermarkets Limited

Incorporated in 2020, Jay Ambe Supermarkets Limited is a retail company engaged in trading FMCG products, groceries, home textiles, home décor, apparel, toys, footwear, gift items, and other household goods through its supermarkets. The company operates on a franchise model, enabling franchisees to sell products under its brand for an initial fee and annual licensing charges. Its brand, City Square Mart, launched in August 2018 in Kudasan, Gandhinagar, and has expanded to 17 stores across Gujarat in six years, offering a wide range of products including groceries, consumer durables, garments, stationery, luggage, and imitation jewellery.

Jay Ambe Supermarkets Ltd IPO Overview

The Jay Ambe Supermarkets IPO is a book-built issue with a total size of ₹18.45 crore, entirely comprising a fresh issue of 0.24 crore shares. The IPO opens for subscription on 9 September 2025 and closes on 11 September 2025, with allotment expected to be finalised on 12 September 2025. The issue is slated to list on BSE SME, with a tentative listing date of 16 September 2025.

The IPO price band has been fixed between ₹74 and ₹78 per share. Each application requires a minimum lot of 1,600 shares. For retail investors, the minimum investment amounts to ₹2,49,600 for 3,200 shares at the upper price band. High-net-worth individuals (HNIs) must apply for a minimum of three lots, equivalent to 4,800 shares, totaling ₹3,74,400.

Beeline Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. serves as the registrar. Spread X Securities Pvt. Ltd. has been appointed as the market maker for the IPO.

Jay Ambe Supermarkets Limited IPO Details

Particulars	Details
IPO Date	9 September 2025 to 11 September 2025
Listing Date	16 September 2025
Face Value	₹10 per share
Issue Price Band	₹74 to ₹78 per share
Lot Size	1,600 Shares
Total Issue Size	23,64,800 shares (aggregating up to ₹18.45 Cr)
Fresh Issue	23,64,800 shares (aggregating up to ₹18.45 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	65,15,154 shares
Share Holding Post Issue	88,79,954 shares
Market Maker Portion	1,18,400 shares

Jay Ambe Supermarkets IPO Reservation

Investor Category	Shares Offered
Market Maker	1,18,400 (5.01%)
QIB	11,21,600
NII (HNI)	3,37,600 (14.28%)
Retail	7,87,200 (33.29%)
Total	23,64,800 (100.00%)

Jay Ambe Supermarkets IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	3,200	₹2,49,600
Retail (Max)	2	3,200	₹2,49,600
S-HNI (Min)	3	4,800	₹3,74,400
S-HNI (Max)	8	12,800	₹9,98,400
B-HNI (Min)	9	14,400	₹11,23,200

Jay Ambe Supermarkets IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	71.51%
Post-Issue	52.46%

Jay Ambe Supermarkets IPO Valuation Overview

KPI	Value
EPS (Pre IPO)	4.23
EPS (Post IPO)	3.10
Price/Earnings (P/E) Ratio	25.15
Return on Equity (ROE)	26.07%
Return on Net Worth (RoNW)	20.29%
Return on Capital Employed (ROCE)	24.12%
EBITDA Margin	10.53%
PAT Margin	5.82%
Debt to Equity Ratio	0.64

Objectives of the Proceeds

Purchase existing store at Nana Chiloda, Ahmedabad: ₹4.25 Cr

Purchase fit-outs for three new stores: ₹4.63 Cr

Meet working capital requirements: ₹4.50 Cr

General corporate purposes for operational expansion

Key Financials (₹ Crores)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	26.78	22.02	16.79
Revenue	47.40	33.41	32.69
Profit After Tax	2.75	1.55	0.35
Reserves and Surplus	7.06	5.55	1.36
Total Borrowings	8.71	8.56	7.47

SWOT Analysis of Jay Ambe Supermarkets IPO

Strength and Opportunities

Strong vendor relationships enabling consistent product availability.
Wide product range catering to FMCG, apparel, and household needs.
Experienced management team with successful retail expansion track record.
Customer-friendly refund and service policies enhance brand loyalty.
Growing FMCG and retail market offers potential revenue and profit growth.
Track record of profitability and consistent financial performance over years.

Risks and Threats

High dependence on franchisees may affect uniform quality across stores.
Intense competition from larger retail chains and e-commerce platforms.
Limited geographic presence, mainly focused in Gujarat region.
Business expansion dependent on capital availability and operational efficiency.
Vulnerability to supply chain disruptions may affect timely deliveries.
Economic downturns and inflation can impact consumer spending patterns.

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About Jay Ambe Supermarkets Limited

Ambe Supermarkets IPO Strengths

Strong vendor relationships enabling consistent product availability.

Wide product range catering to FMCG, apparel, and household needs.

Experienced management team with successful retail expansion track record.

Customer-friendly refund and service policies enhance brand loyalty.

Track record of profitability and consistent financial performance over years.

Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Jay Ambe Supermarkets Ltd.	4.50	4.50	20.83	20.51	20.51	3.90
Peer Group
Osia Hyper Retail Limited	1.46	1.46	23.85	17.00	4.97	1.04

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App