Jay Ambe Supermarkets Limited, the operator of the well-known CITY SQUARE MART, is coming up with its Initial Public Offering (IPO). The IPO will open for subscription on September 9, 2025, and will close on September 11, 2025. The company has planned a Book Built Issue worth ₹18.45 crore, consisting entirely of a fresh issue of 23.64 lakh shares.

Company Overview

CITY SQUARE MART has positioned itself as a comprehensive shopping destination that redefines convenience, affordability, and choice. With a vast product range spanning FMCG, groceries, consumer durables, home textiles, garments, footwear, toys, travel goods, handicrafts, stationery, and home décor, the company aims to deliver everything under one roof. Their mission is to make shopping not just affordable but also enjoyable and holistic.

IPO Price Band, Lot Size, and Investment Requirement

The price band for the Jay Ambe Supermarkets IPO has been fixed between ₹74 and ₹78 per equity share. At the upper price of ₹78, the company’s market capitalisation will be around ₹69.26 crore.

The lot size of the IPO is 1,600 shares, and retail investors are required to subscribe for a minimum of two lots (3,200 shares). This requires a minimum investment of ₹2,49,600, placing the IPO in the SME category with a relatively higher entry ticket compared to mainboard IPOs.

IPO Management and Market Maker

The IPO is being managed by Beeline Capital Advisors Private Limited, serving as the Book Running Lead Manager (BRLM). The registrar for the issue is MUFG Intime India Private Limited (formerly known as Link Intime India Pvt Ltd). Spread X Securities Pvt Ltd will act as the sole Market Maker for the IPO, ensuring liquidity post-listing.

IPO Allotment and Listing Timeline

The allotment of shares is expected to be finalised on September 12, 2025 (Friday). The tentative listing date is set for September 16, 2025 (Tuesday) on the BSE SME platform. Investors can check their allotment status on the registrar’s website by providing their application number, PAN, or DP Client ID.

Grey Market Premium (GMP)

As of September 5, 2025, the Grey Market Premium (GMP) of the Jay Ambe Supermarkets IPO stands at ₹0. This indicates there is no premium being offered in the unofficial market. It is important to note that GMP is an unregulated indicator and does not reflect the official valuation or demand. The real discovery of the share price will take place only after the listing on the stock exchange.

Objectives of the IPO

The company plans to utilise the net proceeds of the IPO towards:

1. ₹425 lakh for the purchase of an existing store located at Nana Chiloda, Ahmedabad.

2. ₹463.32 lakh for the purchase of fit-outs for three new stores.

3. ₹450 lakh to meet working capital requirements.

4. The remaining funds will go towards general corporate purposes.

These objectives clearly reflect the company’s vision of expansion and strengthening its retail footprint, particularly in the fast-growing supermarket sector.

Day-Wise GMP Trend

On September 5, 2025, the expected listing price remained equal to the IPO price of ₹78 per share, with no GMP movement recorded. This trend reflects the cautious sentiment of investors, but subscription demand will provide clearer signals once the IPO opens.

Step-by-Step Guide to Check IPO Allotment Status

Investors can check their Jay Ambe Supermarkets IPO allotment status by following these steps:

1. Visit the IPO allotment page on the registrar’s website.

2. Select Jay Ambe Supermarkets Limited IPO from the dropdown.

3. Enter your application number, PAN, or DP Client ID.

4. Click submit to view your allotment details.

Conclusion

The Jay Ambe Supermarkets IPO offers investors an opportunity to participate in the growth of a company with a strong retail presence under the CITY SQUARE MART brand. With its clear expansion plans, including acquisition of an existing store and setting up new outlets, the IPO proceeds are being directed towards business growth and operational strengthening.

While the GMP currently shows no activity, the company’s strong retail model, diversified product portfolio, and future expansion strategy make it worth watching for investors interested in the SME IPO segment.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.