Jay Ambe Supermarkets Limited
Bookbuilding IPO · BSE
- Price band
- ₹74 - ₹78
- Lot size
- 1,600 shares
- Issue amount
- ₹18.45 cr
- Total subscription
- 64.34×
- Opens
- 10 Sept 2025
- Closes
- 12 Sept 2025
- Allotment
- 15 Sept 2025
- Listing
- 17 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 23,64,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,18,400
- Fresh issue
- ₹18.45 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Ltd (MUFG)
- Listing exchange
- BSE
- Maximum investment
- ₹1,24,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 65,15,154
- Shares after issue
- 88,79,954
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,49,600 |
| sHNI | 3 | 4,800 | ₹3,74,400 |
| bHNI | 9 | 14,400 | ₹11,23,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 12 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 14 |
| NIB | 0 | 3,596 |
| RETAIL | 246 | 17,626 |
| HNIs(10L +) | 47 | 1,867 |
| HNIs (2-10L) | 24 | 1,729 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.51 | 58.89 |
| FIIs | 0 | 7.18 |
| Others | 0 | 51.72 |
| RETAIL | 6.14 | 439.94 |
| HNIs 2+ | 0.89 | 69.54 |
| HNIs 10+ | 1.75 | 221.71 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.5 | 2.7 | 0.65 |
| ROE | 26.07 | 29.1 | 15.18 |
| ROCE | 24.12 | 21.34 | 12.32 |
| RONW | 20.29 | 20.51 | 11.41 |
| PRE IPO(PE) | 18.45 | 0 | 0 |
| POST IPO(PE) | 25.15 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Osia Hyper Retail Limited | 17 | 24.82 | 1 | 23.85 | 4.97 | 1.46 |
| Jay Ambe Supermarkets Ltd | NA | NA | 10 | 20.83 | 20.29 | 4.50 |
Company information
Company profile
Jay Ambe Supermarkets Limited, headquartered in Gujarat, India, is a fast-growing retail chain operator founded in 2020. Within a short span, the company has emerged as a strong player in the regional retail market by offering a wide range of products under one roof. Its growth is primarily driven by a franchise-based model that enables rapid expansion while maintaining brand consistency. The company’s flagship division, City Square Mart, which has been operational since 2018, forms the backbone of its retail presence with a well-established network of stores across Gujarat. Operating on a franchise model, the company grants franchisees the right to use its brand name and business systems, while generating revenue through a one-time entry fee and recurring annual licensing fees. This asset-light approach reduces capital expenditure for expansion and ensures a uniform shopping experience across outlets. The product portfolio of Jay Ambe Supermarkets spans multiple categories, including fast-moving consumer goods, groceries in both packed and loose varieties, household merchandise, consumer durables, luggage, home textiles, décor, fashion and apparel for all age groups, footwear, as well as lifestyle and gifting items such as toys, stationery, and imitation jewelry. From a single store in 2018, the company has grown to 17 stores across Gujarat in six years, supported by a workforce of 132 employees as of March 31, 2025, of which 115 are permanent and 17 are outsourced, primarily for security services. The upcoming IPO of Jay Ambe Supermarkets Limited aims to raise funds for specific objectives. These include the purchase of an existing company-owned store at Nana Chiloda, Ahmedabad for ₹4.25 crores, acquisition of fit-outs for three new stores amounting to ₹4.63 crores, allocation of ₹4.50 crores towards working capital requirements, and a portion set aside for general corporate purposes to provide flexibility for future needs.
Strengths
- Scalable Franchise Model – A well-established and profitable business framework enabling capital-efficient expansion and deeper market reach.
- Comprehensive Product Portfolio – Wide-ranging offerings that attract higher customer footfall, boost transaction value, and strengthen brand loyalty.
- Strong Supplier Partnerships – Long-standing vendor relationships ensuring steady product availability, competitive pricing, and assured quality.
Risk factors
- Geographic Concentration Risk – Current operations are restricted to Gujarat, and entering new regions may bring operational challenges and financial uncertainties.
- Lease Dependency Risk – Heavy reliance on rented/leased properties with short-term or irregular agreements increases the risk of operational disruption if contracts are not renewed or disputed.
- Liquidity & Working Capital Risk – High working capital requirements may strain cash flows, potentially impacting financial stability and growth prospects.
Promoters
Jignesh Amratbhai Patel
Harshal Daxeshkumar Patel
Bhikhabhai Shivdas Patel
Rutwijkumar Maganbhai Patel
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Ltd (MUFG)
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A001, Shubh Vivid, Por Kudasan, Village- Kudasan, Gandhinagar Gandhinagar, Gujarat, 382421
+916358027675
[email protected]Company website ↗Understanding CITYSQUARE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.