About Amir Chand Jagdish Kumar (Exports) IPO
The Amir Chand Jagdish Kumar (Exports) IPO is a book-built issue offering an entirely fresh issue of equity shares worth up to ₹440 crore. The company filed its DRHP with SEBI on June 27, 2025.
The price band for this issue is set at ₹201 to ₹212 per share and the lot size for an application is 70. The minimum amount required by an individual investor (retail investor) should not be more than ₹2,00,000 (tentative). The IPO will open for subscription from March 24–27, 2026, on the BSE and NSE platforms, with a tentative listing date fixed as April 2, 2026.
The book-running lead managers for this issue are Emkay Global Financial Services Ltd. and Keynote Financial Services Ltd., while KFin Technologies Ltd. will serve as the registrar to the offer.
Amir Chand Jagdish Kumar (Exports) IPO Date & Timeline
The Amir Chand Jagdish Kumar (Exports) IPO is officially set to open for subscription on Mar 24, 2026 and will close on Mar 27, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on June 27, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, the finalization of the basis of allotment is expected on Mar 30, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on Apr 1, 2026. Finally, the Amir Chand Jagdish Kumar (Exports) Ltd. shares are tentatively scheduled to list on the stock exchanges on Apr 2, 2026.
Amir Chand Jagdish Kumar (Exports) IPO Timeline
| IPO Open Date | Tue, Mar 24, 2026 |
| IPO Close Date | Fri, Mar 27, 2026 |
| Tentative Allotment | Mon, Mar 30, 2026 |
| Initiation of Refunds | Wed, Apr 1, 2026 |
| Credit of Shares to Demat | Wed, Apr 1, 2026 |
| Tentative Listing Date | Thu, Apr 2, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Amir Chand Jagdish Kumar (Exports) IPO Details
| Detail | Description |
|---|---|
| IPO Date | 24 to 27 Mar, 2026 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 201 to ₹ 212 |
| Lot Size | 70 |
| IPO Type | Fresh Capital |
| Total Issue Size | 2,07,54,716 shares (agg. up to ₹ 440 Cr) |
| Fresh Issue(Ex Market Maker) | 2,07,54,716 shares (agg. up to ₹ 440 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,27,96,840 shares |
| Share Holding Post Issue | 10,35,51,556 shares |
Amir Chand Jagdish Kumar (Exports) IPO GMP (Grey Market Premium)
Grey Market Premium (GMP) refers to the price at which IPO shares are traded unofficially before they are listed on stock exchanges.
Currently, the Amir Chand Jagdish Kumar (Exports) IPO GMP is trading at ₹3.5, reflecting the sentiment of unofficial investors ahead of the listing. This premium suggests a potential listing price of ₹215.5, which is 1.65% above the issue price. However, GMP is highly volatile and should not be the sole factor considered when making investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹212 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹3, and a lot size of 70 shares.
Amir Chand Jagdish Kumar (Exports) GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | ₹212.00 | ₹3.5 | - |
Company Background
Amir Chand Jagdish Kumar (Exports) Ltd. was incorporated as a public limited company on August 29, 2003, in Delhi. The company’s corporate office is located in District Jind, Haryana. In 2005, the company entered into a takeover agreement to acquire the assets and liabilities of the proprietorship firm M/s. Amir Chand Jagdish Kumar, which was managed by promoter Jagdish Kumar Suri.
Over time, the company evolved from a merchant exporter to a fully integrated basmati rice processor, focusing on premium basmati rice varieties.
Operations & Product Range
The company’s core operations include processing, marketing, and exporting basmati rice. It operates across the entire value chain from procurement of paddy to aging, processing, and packaging of finished rice products.
While basmati rice remains the primary product, the company has also diversified into FMCG categories such as pulses, cooking oils, and spices. Its customers include retail consumers, institutional buyers, and export markets across Europe and Asia.
Facilities & Capacity
The company operates fully integrated processing and packaging facilities designed to meet international food export standards. These facilities support the production of basmati rice and related FMCG products while maintaining strict quality control and compliance with export regulations.
Brands & Market Presence
Amir Chand Jagdish Kumar (Exports) Ltd. markets its basmati rice products under the brand name “Aeroplane.” With more than two decades of experience in the export market, the company has established a strong international presence and has received multiple awards for export performance.
Revenue Streams & Business Model
The company primarily generates revenue from processing and exporting basmati rice. In FY24, it reported revenue of approximately ₹1,551 crore and a profit after tax (PAT) of ₹30.4 crore.
Its business model focuses on procuring high-quality paddy, processing it according to international standards, and exporting it to global markets. Additional revenue is generated through its expanding FMCG product segment.
Management & Shareholding
The company is promoted by founding family members who have been associated with the business since its inception in 2003. The promoters collectively hold a majority stake prior to the IPO, though their shareholding will be diluted following the issue of fresh equity shares.
Board & Key Management
The Board of Directors includes both executive and independent members to ensure strong corporate governance. The Managing Director and Whole-Time Director oversee daily operations and strategic initiatives, while the CFO and Company Secretary manage financial compliance and regulatory matters.
Amir Chand Jagdish Kumar (Exports) IPO Financial Information
Latest Revenue
1,024.30
₹ Crore
Profit After Tax
48.65
₹ Crore
Net Worth
440.89
₹ Crore
Total Borrowing
739.74
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 1,526.42 | 1,024.30 | 48.65 | 440.89 | — | 739.74 | |||
| 31 Mar 2025 | 1,549.03 | 2,004.03 | 2,004.03 | 379.18 | — | 784.06 | |||
| 31 Mar 2024 | 1,283.53 | 1,551.42 | 30.41 | 311.48 | — | 777.62 | |||
| 31 Mar 2023 | 1,089.06 | 1,317.86 | 17.50 | 280.844 | — | 667.53 | |||
| Amount in ₹ Crore | |||||||||
Amir Chand Jagdish Kumar (Exports) Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.87% |
| ROCE | 9.16% |
| Debt/Equity | 1.68 |
| RoNW | 11.87% |
| PAT Margin | 4.76% |
| EBITDA Margin | 10.36% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.35 | 9.40 |
| P/E (x) | 28.86 | 22.56 |
Amir Chand Jagdish Kumar (Exports) IPO Objectives
The company intends to use the IPO proceeds for the following purposes:
- • Funding working capital requirements
- • Repayment of debt (in part or in full) to improve the debt-to-equity ratio
- • General corporate purposes
Amir Chand Jagdish Kumar (Exports) IPO Review
The company operates in the competitive basmati rice export market. Its integrated processing structure allows better quality control, which is crucial for maintaining export licenses in Europe and Asia. Financial performance indicates a large-scale operation with revenue exceeding ₹1,500 crore, although profit margins remain typical for commodity-based businesses.
The IPO aims to raise funds primarily for working capital requirements, which are essential for sourcing paddy. Additionally, part of the proceeds will be used to reduce debt and strengthen the balance sheet, enabling expansion into new markets and FMCG product categories.
Key strengths include the company’s established “Aeroplane” brand and long-standing relationships in international markets. However, risks include fluctuations in paddy prices and changes in international trade regulations affecting exports.
Conclusion
The Amir Chand Jagdish Kumar (Exports) IPO presents an opportunity to invest in a well-established basmati rice exporter with a recognized brand and extensive export network. With growing revenues and plans to expand its FMCG portfolio, the company aims to strengthen its capital base and support long-term growth.
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Competitive Strengths
Ranks among the top 5 producers and exporters of basmati rice in India.
Fully integrated operations covering processing, packaging and export.
Established the brand Aeroplane Basmati Rice in the international and domestic markets.
Over 22 years of experience in the food processing and export industry.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 70 | 14840 |
| Individual investors (Retail) (Max) | 13 | 910 | 192920 |
| S-HNI (Min) | 14 | 980 | 207760 |
| S-HNI (Max) | 67 | 4690 | 994280 |
| B-HNI (Min) | 68 | 4760 | 1009120 |