New Delhi, September 17 (Udaipur Kiran): Shares of Jay Ambe Supermarkets made a modest debut on the stock market today but quickly surged to hit the upper circuit limit on the BSE SME platform.
The company had issued its shares at ₹78 per share in the IPO. On listing, the stock opened at ₹79, reflecting a 1.28% premium. Soon after, strong buying interest pushed the stock to ₹82.95, the upper circuit level, delivering a 6.35% gain to IPO investors on the first day of trading.
IPO Details
Jay Ambe Supermarkets’ ₹18.45 crore IPO was open for subscription between September 10 and 12 and saw robust demand, being subscribed 64.13 times overall.
Subscription breakdown:
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Qualified Institutional Buyers (QIBs): 16.79 times
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Non-Institutional Investors (NIIs): 110.24 times
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Retail Investors: 71.39 times
Under the IPO, the company issued 23,64,800 fresh equity shares of face value ₹10 each. Funds raised will be utilized for fit-out purchases for three new stores, meeting working capital requirements, and general corporate purposes.
Financial Performance
According to the prospectus, Jay Ambe Supermarkets has demonstrated consistent financial growth:
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FY 2022-23: Net profit of ₹35 lakh
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FY 2023-24: Net profit rose to ₹1.55 crore
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FY 2024-25: Net profit further increased to ₹2.75 crore
Revenue has grown at a CAGR of over 20%, reaching ₹47.40 crore in FY 2024-25. However, the company’s debt has also increased, rising from ₹7.47 crore at the end of FY 2022-23 to ₹8.56 crore in FY 2023-24, and further to ₹8.71 crore in FY 2024-25.
Jay Ambe Supermarkets operates in the FMCG retail space through its supermarkets, offering groceries, home textiles, home décor, clothing, toys, and household products.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
