Jay Ambe Supermarkets IPO is a book-built issue, comprising a fresh issue of 23,64,800 equity shares aggregating up to ₹18.45 crore. The bidding window was open from September 10, 2025, to September 12, 2025, with the allotment expected on September 15, 2025. The IPO price band was ₹74-₹78 per share, with a lot size of 1,600 shares. Retail investors had a minimum investment of ₹2,49,600 (2 lots, 3,200 shares) and HNIs had a minimum investment of ₹3,74,400 (3 lots, 4,800 shares).
The issue received bids for 10,09,64,800 shares against 15,74,400 shares available, resulting in an overall subscription of 64.13 times. The Non-Institutional Investors (NIIs) led the response with 110.24 times subscription, followed by retail investors at 71.39 times and Qualified Institutional Buyers (QIBs, ex-anchor) at 16.79 times.
Jay Ambe Supermarkets’ ₹18.45 crore IPO, priced at ₹74-₹78 per share, was subscribed 64.13 times overall. It is a fresh issue of 23,64,800 shares, with bidding conducted from September 10 to September 12, 2025. Retail investors subscribed 71.39 times, NIIs 110.24 times, and QIBs 16.79 times. Listing is expected on BSE SME on September 17, 2025.
The table below breaks down the Jay Ambe Supermarkets share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,18,400 (5.01%) |
| QIB Shares Offered | 11,21,600 (47.43%) |
| − Anchor Investor Shares Offered | 6,72,000 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 4,49,600 (19.01%) |
| NII (HNI) Shares Offered | 3,37,600 (14.28%) |
| − bNII > ₹10L | 2,27,200 (9.61%) |
| − sNII < ₹10L | 1,10,400 (4.67%) |
| Retail Shares Offered | 7,87,200 (33.29%) |
| Total Shares Offered | 23,64,800 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 16.79 |
| Non-Institutional Investors | 110.24 |
| Retail Individual Investors | 71.39 |
| Total | 64.13 |
Note: The subscription details are as of September 12, 2025
Jay Ambe Supermarkets Limited was incorporated in 2020 and operates in the retail sector, trading FMCG products, groceries, home textiles, apparel, toys, gift articles, footwear, and other household items through its supermarket format. The company operates under the franchise model, allowing franchisees to sell products under its brand in exchange for an initial fee and annual licensing charges.
The company’s flagship brand, City Square Mart, was launched in August 2018 in Kudasan, Gandhinagar. Over six years, it has expanded to 17 stores across Gujarat. Jay Ambe Supermarkets offers a wide product range, including FMCG food and non-food items, packed and loose groceries, household merchandise, consumer durables, luggage, home textiles, garments for men, women, and children, footwear, toys, stationery, imitation jewellery, and more.
As of March 31, 2025, the company had a workforce of 132 employees, with 115 permanent staff across various locations and 17 outsourced from security agencies. Its competitive strengths include strong vendor relationships, a wide product range, an experienced management team, a customer-friendly refund policy, and a consistent track record of profitability.
Financially, the company reported revenue of ₹47.40 crore and a profit after tax of ₹2.75 crore for FY 2025, reflecting a 42% growth in revenue and a 78% increase in PAT compared to FY 2024. The IPO proceeds are intended for acquiring existing stores, opening new stores, meeting working capital requirements, and general corporate purposes.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 12, 2025, 9:27 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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