Jay Ambe Supermarkets Ltd - IPO

Jay Ambe Supermarkets Ltd IPO Details

Initial public issue of 23,64,800 equity shares of face value of Rs. 10/- each of Jay Ambe Supermarkets Limited (Jasl) or the company or the issuer) for cash at a price of Rs. 78.00 per equity share including a share premium of Rs. 68.00/- per equity share (the issue price) aggregating to Rs. 18.45 crores (the issue), of which 1,18,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 78.00/- per equity share including a share premium of Rs. 68.00/- per equity share aggregating to Rs.0.92 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of 22,46,400 equity shares of face value of Rs. 10/- each at a price of Rs. 78.00/- per equity share including a share premium of Rs. 68.00/- per equity share aggregating to Rs. 17.52 crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.63% and 25.30%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is ? 10/- each.

Objective of 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. General corporate purposes.

Jay Ambe Supermarkets Ltd Contact Details

Jay Ambe Supermarkets Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@citysquaremart.com

Website - www.citysquaremart.com