In the grey market, the IPO is commanding a premium of around 4%, or roughly Rs 8 above the issue price of Rs 212, suggesting a likely listing price near Rs 220.
This IPO is entirely a fresh issue of 2.08 crore shares, aiming to raise Rs 440 crore. The company is set to list on both the NSE and BSE, with a tentative listing date of April 2, 2026.
Amir Chand Jagdish Kumar IPO subscription status
According to BSE data, the IPO was subscribed 1.63 times as of 10:35 am on Day 3. The Retail Individual Investors (RIIs) segment was subscribed 66% against its allocated 76.61 lakh shares.
Non-Institutional Investors (NIIs) showed strong interest, with their portion oversubscribed 5.95 times compared to the 32.83 lakh shares reserved for them.
Meanwhile, Qualified Institutional Buyers (QIBs) had subscribed 78% of their allotted 79.59 lakh shares.
Amir Chand Jagdish Kumar IPO GMP
In the grey market, the IPO is trading at a premium of around 4%, or about Rs 8 above the issue price of Rs 212, indicating a potential listing price near Rs 220. However, the GMP is only indicative and may fluctuate as the IPO progresses.
About Amir Chand Jagdish Kumar IPO
The company has set a price band of Rs 201–Rs 212 per share. Retail investors must apply for at least one lot of 70 equity shares, requiring an investment of Rs 14,840.
The IPO is entirely a fresh issue, aiming to raise up to Rs 440 crore.
On Monday, the company secured Rs 60 crore from three anchor investors.
In terms of allocation, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), up to 35% for retail investors, and 15% for Non-Institutional Investors (NIIs).
Amir Chand Jagdish Kumar IPO net proceeds
The company will utilise Rs 400 crore towards funding working capital requirements.
About Amir Chand Jagdish Kumar
Amir Chand Jagdish Kumar Exports (ACJKEL) is an Indian processor and exporter of basmati rice along with other FMCG products. The company operates a fully integrated business model, covering the entire basmati rice value chain—from procurement and storage to processing, marketing, and sales. ACJKEL has registered 100 trademarks, including 70 in India and 30 across 26 countries, mainly in Europe, Asia, and Africa, along with 22 copyrights in India.
Company financials
In H1FY26, the company reported revenue from operations of Rs 1,021 crore and a profit after tax (PAT) of Rs 49 crore. For FY25, revenue stood at Rs 2,002 crore, compared to Rs 1,550 crore in FY24 and Rs 1,316 crore in FY23. PAT came in at Rs 61 crore in FY25, up from Rs 30 crore in FY24 and Rs 17 crore in FY23.
Lead managers for the IPO
The Book Running Lead Managers (BRLMs) for the issue are Emkay Global Financial Services and Keynote Financial Services, while KFin Technologies is acting as the registrar.
Should you bid?
SBI Securities recommends investors to ‘Subscribe’ the issue for long term, valuing the company at FY25/1HFY26 annualised PE of 36.1X/22.6X on post issue capital at the upper price band.
“ACJKEL operates a fully integrated business model for processing and exporting basmati rice right from procurement, aging, milling, grading and packaging. The company’s products are broadly categorized under two segments – rice (99% of revenues) and FMCG. Rice business is generally working capital intensive as companies require significant funds for paddy procurement which is seasonal while their inventory days are higher as they need to undergo mandatory aging process for basmati rice. ACJKEL will utilize IPO proceeds towards funding of its working capital requirements which will aid company’s growth,” the brokerage said.
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