Gujarat-based Jay Ambe Supermarkets is debuting in the market today after a successful IPO, oversubscribed 64.13 times. Retail interest was particularly strong. Despite a modest GMP, a listing around Rs 85–86 is anticipated. Founded in 2020, the company operates 17 stores under the “City Square Mart” brand. IPO funds will fuel expansion, including purchasing a store and funding new locations.