Jay Ambe Supermarkets IPO opened for subscription on Wednesday, September 10, 2025, and will close on Friday, September 12, 2025. The price band has been set at ₹78 per share with a face value of ₹10.

Jay Ambe Supermarkets IPO Subscription Status

Jay Ambe Supermarkets IPO was subscribed over 7.26x on its second day till 5:00 PM on 11 September 2025.

Breakdown of demand by investor category:

• QIB investors: 1.00x
• Non-Institutional Investors (NII): 9.27x
• Retail Individual Investors (RII): 9.98x

The issue received total bids for 1,14,33,600 shares against an offer size of 15,74,400 shares by the end of Day 2.

• Day 2 subscription: 7.26x
• Day 1 subscription: 1.61x

About Jay Ambe Supermarkets Limited

Jay Ambe Supermarkets Limited, a fast-growing retail company, trades a wide range of consumer goods including groceries, FMCG products, home textiles, décor, apparel, toys, gift items, footwear, and household products through its chain of supermarket stores.

The company also follows a franchise model, allowing third-party entrepreneurs to open stores under the “City Square Mart” brand name. Franchisees pay a one-time setup fee and an annual fee, providing a steady revenue stream for the company.

Key product categories include FMCG food and non-food items, packed and loose groceries, consumer durables, luggage, home textiles, garments for men, women and kids, footwear, gift articles, toys, stationery, and imitation jewellery.

The company launched its flagship brand City Square Mart in August 2018 at Kudasan, Gandhinagar. Over six years, it has expanded to 17 stores across Gujarat, with plans to scale further into neighbouring states in the coming years.

Financial Performance

• Revenue: ₹47.40 crores (FY 2025) vs ₹33.41 crores (FY 2024)
• Net Profit: ₹2.75 crores (FY 2025) vs ₹1.55 crores (FY 2024)
• The company has maintained healthy gross margins and continues to strengthen its supply-chain network to support expansion.

Jay Ambe Supermarkets IPO GMP

As of Thursday, 11 September 2025, the Grey Market Premium (GMP) stood at ₹15, suggesting the IPO was trading at around ₹93 per share in the grey market, which is a ₹15 premium over the issue price of ₹78.