Jay Ambe Supermarkets Subscription
Last updated on 10-Sep-2025 16:11:24
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 449600 | 0 | 0 |
| HNIs | 337600 | 1241600 | 3.68 |
| bHNI | 227200 | 1166400 | 5.13 |
| sHNI | 110400 | 75200 | 0.68 |
| Individual | 787200 | 1145600 | 1.46 |
| Total | 1574400 | 2387200 | 1.52 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 47 | 23 | 0.49 |
| HNIs (3-10L) | 24 | 14 | 0.58 |
| Individual | 246 | 358 | 1.46 |
Jay Ambe Supermarkets Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 3200 | 249600 | 246 |
| sHNI | 3 | 4800 | 374400 | 24 |
| bHNI | 9 | 14400 | 1123200 | 47 |
Jay Ambe Supermarkets Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 672000 | 28.42% |
| QIB | 449600 | 19.01% |
| HNI | 337600 | 14.28% |
| INDIVIDUAL | 787200 | 33.29% |
| Market Maker | 118400 | 5.01% |
| Total | 2364800 | 100% |
Jay Ambe Supermarkets About
Jay Ambe Supermarkets IPO Details
| Issue Size | 2,364,800 shares (aggregating up to ₹18.45 Crore) |
| Fresh Issue | 2,364,800 shares (aggregating up to ₹18.45 Crore) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 6,515,154 shares |
| Share Holding Post Issue | 8,879,954 shares |
| Market Maker | 118,400 shares (aggregating up to ₹0.9235 Crore) |
| Market Maker's Portion | Spread X Securities Pvt. Ltd. |
Key Performance Indicators (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 26.07% | 29.10% | 15.18% |
| ROCE | 24.12% | 21.34% | 12.32% |
| RONW | 20.29% | 20.51% | 11.41% |
| EPS (basic) | 4.50 | 2.70 | 0.65 |
| P/E Pre IPO | 18.45 | ||
| P/E Post IPO | 25.15 |
Company Financials In Crores
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 26.78 | 22.02 | 16.79 |
| Income | 47.40 | 33.41 | 32.69 |
| Profit | 2.75 | 1.55 | 0.35 |
| EBITDA | 4.99 | 3.16 | 1.24 |
| Net Worth | 13.57 | 7.55 | 3.09 |
| Reserves | 7.06 | 5.55 | 1.36 |
| Borrowing | 8.71 | 8.56 | 7.47 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Jay Ambe Supermarkets Ltd. | - | - | 10 |
| Osia Hyper Retail Limited | 17 | 24.82 | 1 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Jay Ambe Supermarkets Ltd. | 20.83 | 20.29% | 4.50 |
| Osia Hyper Retail Limited | 23.85 | 4.97% | 1.46 |
Company Overview
Headquarters: Gujarat, India
Incorporated: 2020
Flagship Brand: City Square Mart (since 2018, Kudasan, Gandhinagar
Business Model: Franchise-based retail chain
One-time entry fee + recurring annual licensing fees
Asset-light, scalable expansion with consistent brand experience
Operations & Presence
Stores: Expanded from 1 to 17 outlets across Gujarat (2018–2025
Employees (Mar 31, 2025):
132 total (115 permanent, 17 outsourced)
Product Portfolio
FMCG: Food & non-food items
Groceries: Packed & loose
Household Goods: Durables, luggage, general merchandise
Home Products: Textiles & décor
Fashion & Apparel: Men, women, kids, footwear
Lifestyle & Gifting: Toys, stationery, imitation jewelry
IPO Objectives
₹4.25 Cr – Purchase of Nana Chiloda (Ahmedabad) store
₹4.63 Cr – Fit-outs for 3 new stores
₹4.50 Cr – Working capital requirements
Balance – General corporate purposes
Strength
Proven Franchise Model: A scalable and profitable business system that facilitates capital-efficient growth and wider market penetration.
Diverse Product Range: A one-stop-shop offering that enhances customer footfall, increases average transaction value, and fosters loyalty.
Robust Vendor Relationships: Strong ties with suppliers ensure consistent product availability, competitive pricing, and reliable quality
Weakness
Concentration – The company’s current presence is limited to Gujarat, and expansion into new geographies may expose it to operational and financial risks.
Leases – Dependence on rented/leased properties, many on short-term or irregular agreements, could disrupt operations if agreements are terminated or disputed.
Liquidity – Significant working capital requirements may strain cash flows and adversely affect the company’s financial performance and growth.
Jay Ambe Supermarkets Lead Manager(s)
Jay Ambe Supermarkets Address
A001,
Shubh Vivid, Por Kudasan,
Village- Kudasan, Gandhinagar
Gandhinagar, Gujarat, 382421
Phone: +916358027675
Email: cs@citysquaremart.com
Website: https://citysquaremart.com/
Jay Ambe Supermarkets Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083