Jay Ambe Supermarkets IPO: Check GMP, price band and other details

Jay Ambe Supermarkets will open its Rs 18.45-crore IPO for subscription. The SME issue, priced in the band of Rs 74–78 per share, is a 100% fresh equity offering of 23.65 lakh shares. The IPO will close on September 12, with listing scheduled on the BSE SME platform on September 17.

Funds raised will be deployed towards purchasing an existing store in Ahmedabad, fitting out three new stores, meeting working capital needs, and for general corporate purposes.

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Jay Ambe Supermarkets IPO GMP

The issue is attracting decent interest in the unlisted market, with the GMP quoted around 14%. This implies a listing pop in the range of Rs 10–11 over the upper band price, suggesting moderate near-term appetite.

Jay Ambe Supermarkets: Company Overview

Incorporated in 2020, Jay Ambe Supermarkets operates in the fast-moving consumer goods (FMCG) and retail space. The company trades in groceries, home textiles, footwear, garments, consumer durables, toys, gift articles, and other household items through its supermarket chain.

Its flagship brand, City Square Mart, began in Gandhinagar in 2018 and has since expanded to 17 stores across Gujarat. The company runs on a franchise model, charging an upfront fee and licensing charges from franchisees who operate under its brand name.

As of March 2025, Jay Ambe employed 132 staff members, of which 115 are permanent. Its wide assortment of SKUs across categories makes it a one-stop solution for daily essentials and lifestyle goods.

The company’s strengths include strong vendor relationships, a wide product range, and an experienced management team. It also maintains a customer-friendly refund policy and has demonstrated profitability from an early stage.

Risks stem from geographic concentration — the business is confined to Gujarat — and reliance on a single brand and franchise structure. Seasonal demand fluctuations in FMCG and apparel could also impact performance.

Financials

The company has reported consistent growth. Revenue rose 42% to Rs 47.4 crore in FY25, while net profit jumped 78% to Rs 2.75 crore.

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