Jay Ambe Supermarkets IPO Subscription Status

Jay Ambe Supermarkets IPO was subscribed 1.61 times on its first day of bidding, as of 5:00 PM on 10 September 2025.

• Qualified Institutional Buyers (QIB): 0.00x
• Non-Institutional Investors (NII): 3.68x
• Retail Individual Investors (RII): 1.63x

The company received bids for 25,28,000 shares against the total issue size of 15,74,400 shares on Day 1, reflecting strong early interest from non-institutional and retail investors.
(Note: The earlier reported 0.08x figure for Day 1 likely referred to the very start of trading hours before closing.)

Company Overview

Jay Ambe Supermarkets Limited is a rapidly growing retail chain engaged in trading a wide variety of consumer goods, including:

• FMCG Products: Both food and non-food items, packed and loose groceries
• Consumer Durables & Home Needs: Luggage, home textiles, and decor
• Apparel & Accessories: Men’s, women’s, and kids’ garments, footwear, imitation jewellery
• Lifestyle & Everyday Items: Gift articles, toys, stationery, and more

The company operates its stores under the “City Square Mart” brand, launched in August 2018 in Kudasan, Gandhinagar (Gujarat).
In just six years, it has expanded to 17 outlets across Gujarat, showcasing impressive growth in a competitive retail environment.

Franchise Model

Beyond operating its own stores, Jay Ambe Supermarkets also follows a franchise model, allowing entrepreneurs to open stores under the company’s brand name.

• Franchisees pay a one-time setup fee and an annual franchise fee, providing the company with a steady stream of income.
• This approach enables rapid geographical expansion with lower capital expenditure while maintaining brand consistency.

Financial Performance

The company has delivered strong financial growth:

• Revenue: ₹47.40 crores in FY 2025 vs. ₹33.41 crores in FY 2024 (approx. 42% YoY growth)
• Net Profit: ₹2.75 crores in FY 2025 vs. ₹1.55 crores in FY 2024 (approx. 77% YoY growth)

This robust performance reflects rising customer footfall, efficient operations, and higher-margin franchise income.

Grey Market Premium (GMP)

As of Wednesday, 10 September 2025, the grey market premium (GMP) stood at ₹13 per share, indicating the IPO was trading at ₹91, a ₹13 premium over the issue price of ₹78.
This positive GMP suggests healthy investor sentiment and expectations of a favorable listing.