<h1>Gujarat supermarket chain gets BSE SME approval for Rs 23.6 crore IPO to expand stores</h1> A supermarket company incorporated in 2020 received in-principle listing approval from BSE SME platform for an IPO of up to 2,364,800 equity shares at Rs 10 face value. The Gujarat-based retailer operates 15 stores across the state under the franchise model, trading in FMCG, groceries, garments, and household items. IPO proceeds will fund store acquisition in Ahmedabad, fit-outs for three new stores, working capital, and general corporate purposes. The company reported revenue of Rs 333.87 crores and profit of Rs 15.49 crores for the year ended March 2024.