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Amir Chand Jagdish Kumar (Exports) is a processor and exporter of basmati rice in India. The company markets its products under the flagship brand ”Aeroplane”.
By Meghna Sen
Basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd. has fixed the price band for its upcoming ₹440 crore initial public offering (IPO) on Thursday, March 19.
The company has fixed the price band of its IPO between ₹201 to ₹212 per share. The issue will open for subscription on March 24, and close on March 27. The IPO anchor book will be opened for a day on March 23.
The Haryana-based company's public offer will comprise a fresh issue of equity shares entirely worth ₹440 crore, with no offer-for-sale (OFS) component.
The offer size has been reduced from ₹550 crore planned by the company as per the Draft Red Herring Prospectus filed in June 2025. The SEBI has given its approval to the IPO in October last year.
Of the IPO size, the company has already raised ₹13 crore in pre-IPO round of 7.55 lakh shares at a price of ₹172 per share. It is valued at ₹1,877 crore.
Amir Chand Jagdish Kumar (Exports) IPO structure
50% of the issue has been reserved for Qualified Institutional Bidders (QIBs), 15% for non institutional investors, and the remaining 35% of the issue is reserved for retail investors.
Retail investors can bid for one lot of 70 shares, which will entail a minimum investment of ₹14,840. Bids can then be made in multiples of 70 shares thereafter.
At the upper end of the price band, the company is likely to have a post-issue market capitalisation of ₹2,195.29 crore.
Amir Chand Jagdish Kumar (Exports) IPO objective
The company plans to utilise the net proceeds from the issue to fund its working capital requirements and for general corporate purposes.
Amir Chand Jagdish Kumar (Exports) is a processor and exporter of basmati rice in India. The company markets its products under the flagship brand ”Aeroplane”.
It competes with the likes of other large basmati rice companies, including KRBL Ltd, LT Foods and Sarveshwar Foods, and various other unorganised processors.
Apart from its core basmati rice business, the company has diversified into FMCG products, offering staples and other essential kitchen items.
For the nine-month period ended December 31, 2024, the company reported revenue from operations of ₹1,421.3 crore and a profit after tax of ₹48.77 crore.
Emkay Global Financial Services, and Keynote Financial Services are acting as the merchant bankers for the Amir Chand Jagdish Kumar (Exports) IPO.
The company will finalise IPO share allotment by March 30, and its shares are proposed to be listed on the BSE and NSE.
