Amir Chand Jagdish Kumar (Exports) IPO is a bookbuilt issue of Rs 440.00 crore. This issue is entirely a fresh issue of 2.08 crore shares with no offer for sale.
The IPO opens for subscription on March 24, 2026, and closes on March 27, 2026. The allotment is expected to be finalized on Monday, March 30, 2025. The price band for the IPO is set at ₹201 to ₹212 per share, and the minimum lot size for an application is 70 shares.
Company Summary
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.
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.
Product Segments
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”.
Company Strengths
- Well-known processor and exporter of basmati rice with sales across domestic and international markets.
- Strong brand portfolio led by the flagship “Aeroplane” brand, along with multiple sub-brands.
- Wide distribution network with 400+ distributors in India and 50+ overseas distributors.
- Diversified product portfolio with a wide variety of basmati rices and FMCG staples like atta, maida, and besan.
- Integrated processing infrastructure with significantly installed rice processing capacity.
Company Financials
| Period Ended | 30 Sept 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 | 1,024.3 | 2,004.03 | 1,551.42 | 1,317.86 |
| Profit After Tax | 48.65 | 60.82 | 30.41 | 17.5 |
| EBITDA | 105.76 | 163.65 | 109.66 | 79.69 |
| Net Worth | 440.89 | 379.18 | 311.48 | 280.84 |
| Total Borrowing | 739.74 | 784.06 | 777.62 | 667.53 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- Funding working capital requirements of the Company
- General Corporate Purposes
Promoters of the company
Jagdish Kumar Suri, Rahul Suri and Ramnika Suri are the company promoters.
IPO Details
| IPO Date | March 24, 2026 to March 27, 2026 |
| Listing Date | April 02, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹201 to ₹212 per share |
| Lot size | 70 shares |
| Total Issue size | 2,07,54,716 shares (aggregating upto ₹440.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 8,27,96,840 shares |
| Share Holding Post Issue | 10,35,51,556 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 70 | ₹14,840.00 |
| Retail (Max) | 13 | 910 | ₹1,92,920.00 |
| S-HNI (Min) | 14 | 980 | ₹2,07,760.00 |
| S-HNI (Max) | 67 | 4,690 | ₹9,94,280.00 |
| B-HNI (Min) | 68 | 4,760 | ₹10,09,120.00 |
Allotment Schedule
| Basis of Allotment | Mon, 30 Mar, 2026 |
| Initiation of Refunds | Wed, 1 Apr, 2026 |
| Credit of Shares to Demat | Wed, 1 Apr, 2026 |
| Tentative Listing Date | Thu, 2 Apr, 2026 |
IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50% of the Offer |
Retail Shares Offered | Not less than 35% of the Offer |
NII Shares Offered | Not less than 15% of the Offer |
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