Amir Chand Jagdish Kumar (Exports) IPO

Amir Chand Jagdish Kumar (Exports) IPO Details

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 [.] per share and the lot size for an application is [.] The minimum amount required by an individual investor (retail investor) is [.] 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 issue will be managed by book-running lead managers 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 IPO process began with the filing of the DRHP with SEBI on June 27, 2025. The IPO is scheduled to open for subscription from March 24 to March 27, 2026, on the BSE and NSE platforms. These dates are tentative, and the company will announce the final allotment and listing timelines closer to the issue date.

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 ₹[.], reflecting the sentiment of unofficial investors ahead of the listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. However, GMP is highly volatile and should not be the sole factor considered when making investment decisions.

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.