Amir Chand Jagdish Kumar (Exports) Limited has announced the launch of its ₹4,400 million Initial Public Offering (IPO), which will open for subscription on March 24, 2026, and close on March 27, 2026. The price band has been fixed at ₹201 to ₹212 per equity share, with a face value of ₹10 each. Investors can bid for a minimum of 70 shares and in multiples thereafter, while anchor investor bidding is scheduled for March 23.
The IPO is entirely a fresh issue, with proceeds primarily aimed at meeting working capital requirements and supporting general corporate purposes. The issue is being managed by Emkay Global Financial Services Limited and Keynote Financial Services Limited, with KFin Technologies Limited acting as the registrar. The company plans to list its shares on both BSE and NSE.
Amir Chand Jagdish Kumar (Exports) Limited is a prominent processor and exporter of basmati rice and a growing player in the FMCG segment. Operating under its flagship “Aeroplane” brand, the company offers a wide range of rice varieties along with essential kitchen staples such as atta, maida, besan, and sugar. It has a strong international footprint, exporting to over 38 countries across four continents.
Financially, the company has shown robust growth, with revenue rising to ₹20,016.47 million in FY25 from ₹13,158.48 million in FY23. Profit after tax also increased significantly to ₹608.22 million. The IPO will follow a book-building process, allocating shares across institutional, non-institutional, and retail investors.
