Basmati rice exporter Amir Chand's ₹440
15 Mar 2026
Amidst the growing demand for basmati rice, Amir Chand Jagdish Kumar (Exports) Ltd, a prominent Haryana-based company, is gearing up to launch its highly anticipated initial public offering (IPO) on March 24. The public issue will close on March 27, with anchor investor bidding scheduled to take place on March 23, as per the red herring prospectus (RHP).
The company plans to utilize the net proceeds from the issue to fund its working capital requirements and for general corporate purposes.
Amir Chand Jagdish Kumar (Exports) Ltd is a renowned processor and exporter of basmati rice in India, marketing its products under the flagship brand "Aeroplane". The company competes with other large basmati rice companies, including KRBL Ltd, LT Foods, and Sarveshwar Foods, as well as various 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.
The company's shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The Securities and Exchange Board of India (Sebi) granted its approval to the IPO in October 2025. Initially, the offer size was proposed at ₹550 crore in the Draft Red Herring Prospectus (DRHP) filed in June 2025, which has been reduced to ₹440 crore.
Ahead of the public issue, the company raised ₹13 crore in a pre-IPO round by allotting 7.55 lakh shares at ₹172 per share.
