
Retail / Consumer Goods · BSE
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.
Price Band
₹74 – ₹78
Issue Size
₹18.45 Cr
Lot Size
1600 shares
GMP
+23.1%
Est. Listing
₹96
at current GMP
Subscribed
64.34x
overall
Open
10 Sep 2025
Close
12 Sep 2025
Allotment
15 Sep 2025
Refund
16 Sep 2025
Demat Credit
17 Sep 2025
Listing
17 Sep 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹78
Band: ₹74 – ₹78
Estimated Listing Price
₹96
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,24,800
Estimated Profit / Lot
₹28,800
1600 × ₹18
Grey Market Premium trend
+₹18
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹18 | 23.1% | ₹96 |
| 30 Oct 2026 | +₹18 | 23.1% | ₹96 |
| 29 Oct 2026 | +₹16 | 20.8% | ₹94 |
GMP is unofficial market data. Not a guarantee of listing performance.
Jay Ambe Supermarkets Limited is bringing an initial public offering (IPO) in the Retail / Consumer Goods sector with an aggregate issue size of ₹18.45 Crores. The shares are offered at a price band of ₹74 to ₹78 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,24,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Ltd (MUFG). Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-09-17, while un-allotted funds or UPI block mandates will be released on 2025-09-16.
The latest grey market premium for Jay Ambe Supermarkets Limited IPO is ₹18, which indicates an expected listing price of ₹96.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.