Jay Ambe Supermarkets Limited Files DRHP with BSE SME for Upcoming IPO

New Delhi [India], April 3: Jay Ambe Supermarkets Limited engaged in the business of trading of  FMCG (Fast-Moving Consumer Goods) , Groceries, GMCD (General Merchandise, Consumer Durables), Fruits & Vegetables, Garments & Footwear , Toys, Gift Articles  and other House Hold items,  through their various outlets across Gujarat  has filed its Draft Red Herring Prospectus (DRHP) with the BSE SME platform. The proposed Initial Public Offering (IPO) will consist of up to 23,84,600 equity shares.

The Objective of the IPO:

1) To Purchase of existing…