IPO Overview / Intro
Amir Chand Jagdish Kumar (Exports) Ltd. is launching a book-building IPO comprising a fresh issue aggregating to approximately Rs. 440.00 crore. The IPO opens for subscription on Tuesday, March 24, 2026 and closes on Friday, March 27, 2026. The allotment is expected to be finalised on Monday, March 30, 2026, and the shares are proposed to be listed on BSE and NSE with a tentative listing date of Thursday, April 2, 2026.
| Particular |
Details |
| IPO Size |
Fresh Issue up to Rs. 440.00 crore |
| Business |
Processing and export of basmati rice and FMCG staple products |
| Network |
Export presence across 38+ countries and domestic FMCG distribution |
| Key Risk |
Commodity-linked rice prices and working capital intensive operations |
| Chanakya View |
Established basmati rice exporter with strong brand presence; valuation comfort will be key |
| Particular |
Details |
| IPO Date |
24–27 March 2026 |
| Price Band |
To be declared |
| Lot Size |
To be declared |
| Issue Size |
Fresh Issue Rs. 440.00 crore |
| Listing Date |
2 April 2026 |
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👉 Latest Amir Chand Jagdish Kumar IPO GMP, subscription status, financials, valuation and Chanakya review explained below.
Amir Chand Jagdish Kumar IPO GMP – Latest Update
| GMP |
Estimated Listing Price |
Expected Gains |
| 0 |
To be updated |
0 |
Grey Market Premium (GMP) indicates the estimated listing sentiment based on unofficial market demand and may change frequently.
Amir Chand Jagdish Kumar IPO Subscription Status – Live Update
| Category |
Subscription |
| QIB |
To be updated |
| NII |
To be updated |
| Retail (RII) |
To be updated |
| Total |
To be updated |
🕗 Last Update: 14 March 2026 at 6.30 AM
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IPO Details at a Glance
| Particulars |
Details |
| IPO Opening Date |
Tuesday, 24 Mar 2026 |
| IPO Closing Date |
Friday, 27 Mar 2026 |
| Listing Date (Tentative) |
Thursday, 2 Apr 2026 |
| Face Value |
Rs. 10 per share |
| Price Band |
To be declared |
| Lot Size |
To be declared |
| Issue Type |
Book Building IPO |
| Sale Type |
Fresh capital only |
| Total Issue Size |
Shares aggregating up to Rs. 440.00 crore |
| Fresh Issue |
Shares aggregating up to Rs. 440.00 crore |
| Offer for Sale |
— |
| Listing At |
BSE, NSE |
| Share Holding Pre Issue |
8,27,96,840 shares |
| Share Holding Post Issue |
To be declared |
IPO Timetable
| Event |
Date |
| IPO Opens |
Tue, Mar 24, 2026 |
| IPO Closes |
Fri, Mar 27, 2026 |
| Allotment |
Mon, Mar 30, 2026 |
| Refunds |
Wed, Apr 1, 2026 |
| Credit of Shares |
Wed, Apr 1, 2026 |
| Listing |
Thu, Apr 2, 2026 |
Reservation
| Category |
Shares Offered |
| QIB |
Not more than 50% of the Net Offer |
| NII |
Not less than 15% of the Net Offer |
| Retail |
Not less than 35% of the Net Offer |
Lot Size
| Application |
Lots |
Shares |
Amount |
| Retail (Min) |
To be declared |
To be declared |
To be declared |
| Retail (Max) |
To be declared |
To be declared |
To be declared |
| S-HNI |
To be declared |
To be declared |
To be declared |
| B-HNI |
To be declared |
To be declared |
To be declared |
Company Details
Amir Chand Jagdish Kumar (Exports) Limited, incorporated in 2003, is a processor and exporter of basmati rice and other FMCG products in India. The company operates integrated operations across the basmati rice value chain including procurement, storage, processing, marketing and sales.
Its products are broadly categorized into two segments. The rice segment includes basmati rice and specialty varieties such as kolam rice, sona masuri rice, idli rice and ponni rice. The FMCG segment includes staple food products such as aata, maida, sooji, besan, salt and sugar.
Products are marketed under the flagship brand “AEROPLANE” along with more than 40 sub-brands including “Aeroplane La-Taste”, “Aeroplane Classic”, “Ali Baba”, “World Cup” and “Jet”. The company has built a strong brand presence in both domestic and export markets.
As of March 12, 2026, the company had registered a total of 100 trademarks, including 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 in both domestic and international markets, while FMCG products are primarily distributed in the domestic market. Revenue from domestic operations has grown at a CAGR of approximately 24.93% between Fiscal 2022 and Fiscal 2024.
As of February 28, 2026, the company exported its products to more than 38 countries across four continents and operated two manufacturing and processing facilities in India located in Amritsar (Punjab) and Safidon (Haryana). Additionally, it operates a packaging facility in New Delhi.
As of February 28, 2026, the company had 225 permanent employees.
Competitive Strengths
• Integrated basmati rice value chain from procurement to export
• Strong brand presence under the Aeroplane brand portfolio
• Wide export network across multiple continents
• Diversified FMCG product offerings in staple food categories
• Experienced promoter group with long industry presence
Financials
| Particulars |
30 Sep 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
| Assets |
1,526.42 |
1,549.03 |
1,283.53 |
1,089.06 |
| Total Income |
1,024.30 |
2,004.03 |
1,551.42 |
1,317.86 |
| EBITDA |
105.76 |
163.65 |
109.66 |
79.69 |
| Profit After Tax |
48.65 |
60.82 |
30.41 |
17.50 |
| Net Worth |
440.89 |
379.18 |
311.48 |
280.84 |
| Total Borrowings |
739.74 |
784.06 |
777.62 |
667.53 |
| Issue Objects |
Estimated Amount (Rs. Cr.) |
| Funding working capital requirements of the Company |
500.00 |
| General corporate purposes |
— |
Amount in Rs. crore
Valuation
| KPI |
Sep 30, 2025 |
Mar 31, 2025 |
| ROE |
11.87% |
17.61% |
| ROCE |
9.16% |
14.36% |
| Debt / Equity |
1.68 |
2.07 |
| RoNW |
11.87% |
17.61% |
| PAT Margin |
4.76% |
3.04% |
| EBITDA Margin |
10.36% |
8.18% |
| Particular |
Pre IPO |
Post IPO |
| EPS (Rs.) |
7.35 |
To be declared |
| Promoter Holding |
99.44% |
To be declared |
| Market Cap |
To be declared |
To be declared |
Chanakya View
Amir Chand Jagdish Kumar (Exports) operates in the basmati rice processing and export industry, which benefits from strong global demand for premium rice varieties and increasing brand-led FMCG distribution in domestic markets.
The company has built a strong brand portfolio under the “Aeroplane” label and operates integrated facilities covering procurement, processing and export of rice products. Its presence across more than 38 export markets and its diversified FMCG staple product portfolio provide additional growth avenues.
Financial performance has shown steady improvement in revenue and profitability over the past few years, supported by growing domestic demand and export expansion. However, investors should monitor commodity price volatility, working capital requirements and export market competition typical of the rice industry.
Overall, the IPO offers exposure to an established basmati rice exporter with a recognized brand portfolio and global market reach. Final investment decision should depend on valuation comfort once the price band is announced.
Chanakya View: Neutral to Positive. Investors may track valuation and subscription momentum before taking a call.
Company Address
| Particular |
Details |
| Address |
2735, Shop No. 9, Mohan Lal Palace |
| Area |
Naya Bazar |
| City |
New Delhi |
| State |
New Delhi |
| Pincode |
110006 |
| Phone |
+91 8595912447 |
| Email |
info@aeroplanerice.com |
IPO Lead Manager(s)
| Lead Manager |
| Emkay Global Financial Services Ltd. |
| Keynote Financial Services Ltd. |
IPO Registrar
| Registrar |
Contact |
| Kfin Technologies Ltd. |
04067162222 / 04079611000 |
