Jay Ambe Supermarkets Limited has announced its plan to go public with an Initial Public Offering on 10th September, 2025 to be listed on the BSE SME platform.
Company is engaged in the business of trading of FMCG Products, Grocery, Home Textile, Home Decor, Clothes or Apparels, Toys, Gift Articles, Footwear and House Hold items, via 17 supermarkets across Gujarat. City Square Mart is a brand owned by company Jay Ambe Supermarkets Limited. The Company carrying business of retail marts via franchisee model as well.
- Issue Opens: September 10, 2025
- Issue Closes: September 12, 2025
- Face Value: Rs 10 each
- Price Band: Rs 74- 78 per share
- Lot Size: 1600 Shares
- Listing: BSE SME
The company started its journey in August 2018 with its first store in Kudasan, Gandhinagar and in 6 years the company expanded to 17 stores across Gujarat. Company has grown rapidly by delivering best-in-class service, a broad wide product range and fair prices; the company not only seeks to improve living standards but also emphasizes the importance of customer satisfaction over mere profit. Company is using ERP systems to maintain and improve operational efficiencies in procurement, sales and inventory management as well as other administrative functions. Company is also making other operational income via Franchisee fees, Listing & Display Charges and Royalty Income.
City Square Mart has a total 17 stores at present, 10 stores are owned and operated by the company while 7 stores are Franchisee Stores situated at Amin Marg (Rajkot), Bhuj, Mavdi (Rajkot), Mehsana, New Chandkheda and Ognaj. Among these 7 stores, the Bhuj and New Chandkheda follows the FOCO (Franchise Owned, Company Operated) model, while the remaining outlets are managed under the FOFO (Franchise Owned, Franchise Operated) model, reflecting the company’s diverse approach to business operations in the region.
Objects of the Issue – Purchase of existing store of the company located at Nana Chiloda, Ahmedabad (“Acquisition of Identified Store”), Purchase of fit-outs for Three (3) new stores, To Meet Working Capital Requirements and General Corporate Purposes.
