Published: 2 April 2026 | 6.16 AM
Last Updated: 2 April 2026 | 10.00.AM
IPO Overview
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. The shares are being offered in the price band of Rs. 201-212 and the lot size is 70 shares.
Amir Chand Jagdish Kumar IPO is a mainboard IPO offering exposure to the basmati rice processing, export and FMCG staple products segment in India.
Amir Chand Jagdish Kumar IPO Key Highlights
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IPO Date: 24–27 March 2026
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Listing Date: 2 April 2026
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Issue Size: Rs. 440.00 crore
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Business: Basmati rice processing, exports and FMCG staples
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Face Value: Rs. 10 per share
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GMP: Rs. 5
| 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 | Rs.212 |
| Lot Size | 70 Shares |
| Issue Size | Fresh Issue Rs. 440.00 crore |
| Listing Date | 2 April 2026 |
Amir Chand Jagdish Kumar IPO Investment Summary
Strength: Strong brand-led basmati export franchise + FMCG diversification
Risk: Commodity price volatility + working capital intensive business
Verdict: Track valuation before taking a final call
👉 GMP | Reviews | Subscription | Allotment | Financials | Registrar | FAQ
👉 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 |
|---|---|---|
| Rs. 5 | Rs.217 | 2.36% |
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 | 1.18x |
| NII | 13.40x |
| Retail (RII) | 1.44x |
| Total | 3.41x |
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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 | Rs.201-212 |
| Lot Size | 70 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Fresh capital only |
| Total Issue Size | 20754716 Shares aggregating up to Rs. 440.00 crore |
| Fresh Issue | 20754716 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) | 1 | 70 | Rs.14,840 |
| Retail (Max) | 13 | 910 | RS.1,92,920 |
| S-HNI | 14 | 980 | Rs.2,07,760 |
| B-HNI | 68 | 4760 | RS.10,09,120 |
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.
The company operates across two broad segments: rice products and FMCG staples. Its rice portfolio includes basmati rice and specialty varieties such as kolam rice, sona masuri rice, idli rice and ponni rice. Its FMCG portfolio includes staple food products such as aata, maida, sooji, besan, salt and sugar.
Products are marketed under the flagship “AEROPLANE” brand along with more than 40 sub-brands including Aeroplane La-Taste, Aeroplane Classic, Ali Baba, World Cup and Jet. This brand portfolio gives the company strong visibility in both domestic and export markets.
As of March 12, 2026, the company had 100 registered trademarks, including 70 in India and 30 across 26 countries, along with 22 copyrights in India. As of February 28, 2026, the company exported products to more than 38 countries across four continents.
The company operates two manufacturing and processing facilities in India located in Amritsar, Punjab and Safidon, Haryana, along with a packaging facility in New Delhi. As of February 28, 2026, it 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
Amir Chand Jagdish Kumar has reported a rise in profitability over the last three fiscal years, with PAT increasing from Rs. 17.50 crore in FY23 to Rs. 60.82 crore in FY25. EBITDA also improved from Rs. 79.69 crore in FY23 to Rs. 163.65 crore in FY25, reflecting scale benefits and stronger operating performance.
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 business, which benefits from strong global demand for premium rice varieties and rising brand-led consumption in staple food products.
The company has built an integrated business model covering procurement, storage, processing and exports. Its “Aeroplane” brand portfolio and presence across more than 38 countries provide strong business visibility, while its FMCG staples business adds diversification to the overall revenue mix.
Financial performance has improved over the past few years, with revenue, EBITDA and PAT all showing growth. EBITDA rose from Rs. 79.69 crore in FY23 to Rs. 163.65 crore in FY25, while PAT increased from Rs. 17.50 crore to Rs. 60.82 crore over the same period. However, investors should monitor commodity price volatility, working capital intensity and competitive pressures in export markets.
Overall, the IPO offers exposure to an established basmati rice exporter with a recognized brand franchise and international 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 |
| info@aeroplanerice.com |
IPO Lead Managers
| Lead Manager |
|---|
| Emkay Global Financial Services Ltd. |
| Keynote Financial Services Ltd. |
IPO Registrar
| Registrar | Contact |
|---|---|
| Kfin Technologies Ltd. | 04067162222 / 04079611000 |
| acjkel.ipo@kfintech.com |
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
Amir Chand Jagdish Kumar IPO GMP today is not available yet as the grey market activity has not started.
Amir Chand Jagdish Kumar IPO price band is yet to be announced.
Amir Chand Jagdish Kumar IPO lot size will be announced along with the price band.
Amir Chand Jagdish Kumar IPO is expected to list on BSE and NSE on 2 April 2026.