Amir Chand Jagdish Kumar (Exports) Ltd, a leading basmati rice exporter, is set to launch its ₹440 crore IPO on Tuesday, March 24, 2026. The issue will remain open until March 27, with a price band fixed at ₹201–₹212 per share. Investors can bid in lots of 70 shares.
The upcoming IPO of Amir Chand Jagdish Kumar (Exports) Ltd has generated significant interest among retail and institutional investors. Known for its “Aeroplane” brand of basmati rice, the company exports to over 38 countries and has diversified into FMCG food products. The IPO aims to strengthen working capital and support corporate growth.
Company Background
Founded in 2003, Amir Chand Jagdish Kumar (Exports) Ltd operates an integrated business model covering procurement, storage, processing, and distribution. With strong global demand for basmati rice, the company has built a reputation for quality and scale, reporting revenues of ₹2,004 crore in FY25 and profits of ₹60.8 crore, doubling from the previous year.
IPO Details
* Issue size: ₹440 crore, entirely fresh issue
* Price band: ₹201–₹212 per share
* Lot size: 70 shares, minimum investment around ₹14,840 at upper band
* Subscription window: March 24–27, 2026
* Allotment date: March 30, 2026
* Listing: April 2, 2026, on BSE and NSE
Use Of Proceeds
The company plans to utilize net proceeds primarily for working capital requirements and general corporate purposes. This is expected to support expansion in export markets and strengthen its FMCG distribution network.
Risks And Considerations
While the company has shown strong financial growth, investors should note risks such as dependency on basmati rice exports, fluctuations in global demand, and competition in FMCG. Market volatility could also impact listing gains.
Key Highlights
* IPO size ₹440 crore, price band ₹201–₹212
* Opens March 24, closes March 27, 2026
* Minimum lot size 70 shares, retail quota 35%
* Revenue ₹2,004 crore in FY25, profit ₹60.8 crore
* Listing on BSE and NSE scheduled for April 2
* Proceeds to fund working capital and corporate growth
Sources: Business Standard, The Hindu, Mint, Chittorgarh, My Investment Ideas, IPO Watch