Amir Chand Jagdish Kumar (Exports) IPO Details

Bookbuilding IPO | ₹440 Cr | Listed at BSE, NSE | Tue, Mar 24, 2026 - Fri, Mar 27, 2026 LT

Amir Chand Jagdish Kumar IPO Logo

Amir Chand Jagdish Kumar IPO is a book build issue of ₹440.00 crores. The issue is entirely a fresh issue of 2.08 crore shares of ₹440.00 crore.

Amir Chand Jagdish Kumar IPO bidding started from Mar 24, 2026 and ended on Mar 27, 2026. The allotment for Amir Chand Jagdish Kumar IPO was finalized on Mar 30, 2026. The shares got listed on the NSE and the BSE on Apr 2, 2026.

Amir Chand Jagdish Kumar IPO is set final issue price at ₹212 per share. The lot size for an application is 70 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,840 (70 shares) (based on upper price). The lot size investment for sNII is 14 lots (980 shares), amounting to ₹2,07,760, and for bNII, it is 68 lots (4,760 shares), amounting to ₹10,09,120.

Emkay Global Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to Amir Chand Jagdish Kumar IPO RHP for detailed Information.

IPO Open

Tue, Mar 24, 2026

IPO Close

Fri, Mar 27, 2026

Issue Price

₹212 per share

Market Cap (Pre-IPO)

₹2,195.29 Cr

IPO Details

IPO Date24 to 27 Mar, 2026
Listed onThu, Apr 2, 2026
Face Value10 per share
Price Band₹201 to ₹212
Issue Price₹212 per share
Lot Size70 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE, NSE

Total Issue Size2,07,54,716 shares
(agg. up to ₹440 Cr)
Fresh Issue 2,07,54,716 shares
(agg. up to ₹440 Cr)
Share Holding Pre Issue8,27,96,840 shares
Share Holding Post Issue10,35,51,556 shares
BSE Script Code / NSE Symbol544743 / AMIRCHAND
ISININE05TO01019

IPO Timetable

Issue Reservation

Amir Chand Jagdish Kumar IPO comprises a total issue size of 2,07,54,716 shares. Out of which, 1,03,77,357 (50.00%) are allocated to QIB, 31,13,208 (15.00%) allocated to NII 72,64,151 (35.00%) allocated to RII.

Investor Category Shares Offered % of Total Issue Max Allottees
QIB Shares Offered 1,03,77,35750.00%NA
  − Anchor Investor Shares Offered 28,30,38013.64%NA
  − QIB (Ex. Anchor) Shares Offered 75,46,97736.36%NA
NII (HNI) Shares Offered 31,13,20815.00%NA
  − bNII > ₹10L 20,75,47210.00%2,117
  − sNII < ₹10L 10,37,7365.00%1,058
Retail Shares Offered 72,64,15135.00%1,03,773
Total Shares Offered 2,07,54,716100.00%

IPO Lot Size

Investors can bid for a minimum of 70 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 70 ₹14,840
Retail (Max) 13 910 ₹1,92,920
S-HNI (Min) 14 980 ₹2,07,760
S-HNI (Max) 67 4,690 ₹9,94,280
B-HNI (Min) 68 4,760 ₹10,09,120
IPO Subscription Details

IPO Anchor Investors

Amir Chand Jagdish Kumar IPO raises ₹60.00 crore from anchor investors. Amir Chand Jagdish Kumar IPO Anchor bid date is March 23, 2026.
📝 Anchor Investors Letter (PDF)

Bid DateMon, Mar 23, 2026
Shares Offered28,30,380
Anchor Portion (₹ Cr.)60.00
Anchor lock-in period end date for 50% shares (30 Days)Tue, Apr 28, 2026
Anchor lock-in period end date for remaining shares (90 Days)Sat, Jun 27, 2026

About Amir Chand Jagdish Kumar (Exports) Ltd.

Incorporated in 2003, Amir Chand Jagdish Kumar (Exports) Limited is a processor and exporter of basmati rice and other FMCG products in India. The company operates fully integrated operations across the basmati rice value chain, including procurement, storage, processing, marketing, and sales.

Products are broadly categorized into two segments:

  • Rice, comprising basmati rice and other specialty varieties such as kolam rice, sona masuri, idli rice, and ponni rice.
  • FMCG, encompassing a range of staple food products such as aata, maida, sooji, besan, salt, and sugar. Products are marketed under the flagship registered and trademarked brand “AEROPLANE”, with more than 40 sub-brands, including “Aeroplane La-Taste”, “Aeroplane Classic”, “Ali Baba”, “World Cup”, and “Jet”.

As of March 12, 2026, Amir Chand Jagdish Kumar (Exports) Limited has registered a total of 100 trademarks, comprising 70 trademarks in India and 30 trademarks across 26 countries primarily in Europe, Asia, and Africa, along with 22 copyrights in India.

Rice products are sold both domestically and internationally, while FMCG products are distributed in the domestic market. Revenue from domestic operations has grown at a CAGR of approximately 24.93% from Fiscal 2022 to Fiscal 2024.

As of February 28, 2026, the company exported products to more than 38 countries across four continents and operated two manufacturing and processing facilities in India: Unit I, located in Amritsar (Punjab), and Unit II, located in Safidon (Haryana). Additionally, one packaging facility is operated in New Delhi (Unit-III).

As of February 28, 2026, the company employed 225 permanent employees.

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,526.421,549.031,283.531,089.06
Total Income1,024.302,004.031,551.421,317.86
Profit After Tax48.6560.8230.4117.50
EBITDA105.76163.65109.6679.69
NET Worth440.89379.18311.48280.84
Total Borrowing739.74784.06777.62667.53
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding working capital requirements of the Company 400.00
2 General Corporate Purposes 11.11
Total 411.11

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE11.87%17.61%
ROCE9.16%14.36%
Debt/Equity1.682.07
RoNW11.87%17.61%
PAT Margin4.76%3.04%
EBITDA Margin10.36%8.18%
Price to Book Value4.58
Pre IPOPost IPO
EPS (₹)7.359.40
P/E (x)28.8622.56
Promoter Holding99.44%78.78%
Market Cap2,195.29 Cr.
Jagdish Kumar Suri, Rahul Suri and Ramnika Suri are the company promoters.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Review

[Dilip Davda]
ACJKEL is one of the leading players in Basmati Rice and has recently added few FMCG products. The company generates around 40% revenue from exports and Rice contributes over 99% of its total revenue. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears aggressively priced. Only well-informed/cash surplus/risk seekers may park moderate funds for long term.
Read detail review...

Amir Chand Jagdish Kumar IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers4002
Members0000

IPO Subscription Status

The Amir Chand Jagdish Kumar IPO is subscribed 3.41 times on March 27, 2026 6:54:40 PM (Day 3). The public issue subscribed 1.44 times in the retail category, 1.18 times in the QIB category, and 13.40 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (x) Shares Offered Shares bid for
QIB (Ex Anchor)1.1875,46,97888,68,090
NII 13.4031,13,2084,17,20,280
    bNII (> ₹10L)16.0420,75,4723,32,88,850
    sNII (< ₹10L)8.1210,37,73684,31,430
Retail1.4472,64,1511,04,52,190
Total3.411,79,24,3376,10,40,560

Total Applications: 1,22,714

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees payable to the to the BRLMs and commissions (including underwriting commission, brokerage and selling commission, as applicable) 19.60
2 Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs 1.11
3 Fees payable to the Registrar to the Issue 0.02
4 Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses 3.33
5 Printing and distribution of Issue stationery 0.34
6 Advertising and marketing expenses 2.79
7 Fees payable to legal counsel 1.33
8 Fees payable to Statutory Auditors, Industry Report provider, independent practicing company secretary and independent chartered engineer 0.28
9 Miscellaneous expenses 0.09
Total 28.89

IPO Registrar

Kfin Technologies Ltd.

Contact Details

Amir Chand Jagdish Kumar (Exports) Ltd. Address
2735, Shop No. 9,
Mohan Lal Palace,
Naya Bazar
New Delhi, New Delhi, 110006
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IPO FAQs

Amir Chand Jagdish Kumar IPO is a main-board IPO of 2,07,54,716 equity shares of the face value of ₹10 aggregating up to ₹440 Crores. The issue is priced at ₹212 per share. The minimum order quantity is 70.

The IPO opens on Tue, Mar 24, 2026, and closes on Fri, Mar 27, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Amir Chand Jagdish Kumar IPO using UPI as a payment gateway. Zerodha customers can apply in Amir Chand Jagdish Kumar IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Amir Chand Jagdish Kumar IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Amir Chand Jagdish Kumar IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Amir Chand Jagdish Kumar IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026.

Amir Chand Jagdish Kumar IPO lot size is 70, and the minimum amount required for application is ₹14,840.

You can apply in Amir Chand Jagdish Kumar IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Amir Chand Jagdish Kumar IPO will be done on Monday, March 30, 2026, and the allotted shares will be credited to your demat account by Wed, Apr 1, 2026. Check the Amir Chand Jagdish Kumar IPO allotment status.

The Amir Chand Jagdish Kumar IPO listing date is on Thu, Apr 2, 2026.

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