| Event | Date |
|---|---|
| Open Date | 24-03-2026 , Tuesday |
| Close Date | 27-03-2026 , Friday |
| Tentative Allotment | 30-03-2026 , Monday |
| Tentative Listing Date | 02-04-2026 , Thursday |
| Retail Appl. Cut Off Time | 27-03-2026 , Friday 05:00 PM |
| Non Retail Appl. Cut Off Time | 27-03-2026 , Friday 04:00 PM |
| Anchor Allotment | 23-03-2026 , Monday |
| Initiation Of Refund | 01-04-2026 , Wednesday |
| Credit Of Share To Demat | 01-04-2026 , Wednesday |
Amir Chand Jagdish Kumar (Exports) Limited is an integrated basmati rice processor and exporter with over four decades of promoter experience in the rice industry. The company operates across procurement, storage, milling, processing, branding, packaging, domestic distribution and exports of basmati rice and FMCG products under its flagship “AEROPLANE” brand portfolio.
The company operates across the complete rice value chain and derives the majority of its revenue from basmati rice products.
In addition to rice products, the company has also expanded into FMCG kitchen staples such as atta, maida, besan, sooji, salt and sugar.
India remains the world’s largest exporter of basmati rice. According to the CARE Report mentioned in the RHP, India exported approximately 6,065,500 MT of basmati rice worth Rs. 50,312 crore during FY2025.
The company benefits from operating in an organized and branded segment of the industry where brand trust, aging quality and export relationships are important competitive advantages.
The company markets products under its flagship “AEROPLANE” brand along with more than 40 sub-brands across different customer categories and pricing segments.
| Segment | FY2025 Revenue Contribution |
|---|---|
| Rice Business | 99.07% |
| FMCG Business | 0.22% |
| Others | 0.71% |
| Region | FY2025 Revenue Contribution |
|---|---|
| Domestic Revenue | 61.73% |
| Export Revenue | 38.27% |
| Geography | FY2025 Revenue Contribution |
|---|---|
| India | 61.73% |
| Middle East | 20.14% |
| Rest of World | 18.13% |
The company operates manufacturing and packaging facilities across Punjab, Haryana and Delhi.
The company has developed procurement relationships across northern India, which is one of the major basmati-producing regions of the country.
Inventory Days FY25:
Total Debt FY25:
Debt-to-Equity Ratio FY25:
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | Rs. 13,158.48 Mn | Rs. 15,495.25 Mn | Rs. 20,016.47 Mn |
| PAT | Rs. 174.96 Mn | Rs. 304.05 Mn | Rs. 608.22 Mn |
| EBITDA Margin | 4.55% | 5.62% | 8.18% |
| PAT Margin | 1.33% | 1.96% | 3.04% |
| ROE | 7.96% | 12.30% | 17.61% |
| ROCE | 8.41% | 10.11% | 14.36% |
The company has recently expanded into FMCG staples including atta, maida, besan, sooji, sugar and salt.
The company competes with established rice brands including:
This IPO is primarily a branded basmati rice export business with integrated operations, improving margins and strong brand recognition.
However, investors should understand that rice businesses are naturally working-capital intensive and highly dependent on procurement cycles, inventory management and export demand.
This content is prepared purely for educational and informational purposes for IPO investors and IPORupee users. All operational details, revenue figures, margins, capacity numbers, debt figures, export contribution, distributor counts and other financial or business information mentioned above are based on disclosures available in the company’s RHP/DRHP and related public documents.
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 50.00 % | 1,03,77,357 | 220.00 Cr |
Retail | 35.00 % | 72,64,151 | 154.00 Cr |
Total HNI | 15.00 % | 31,13,208 | 66.00 Cr |
SHNI | 5.00 % | 10,37,736 | 22.00 Cr |
BHNI | 10.00 % | 20,75,472 | 44.00 Cr |
Amir Chand Jagdish Kumar (Exports) Limited allotted 28,30,380 equity shares to anchor investors at ₹212 per share on 23 Mar 2026 before the IPO opening. The total anchor allocation stood at 60.00 Cr across 3 anchor investors.
The largest anchor investor received 66.66% of the anchor portion. The top five anchor investors together received 28,30,380 shares, representing about 100.00% of the total anchor allocation.
| Rank | Anchor Investor Name | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|
| 1 | Rajasthan Global Securities Private Limited | 18,86,850 | 66.66 % | 40.00 Cr |
| 2 | Chanakya Opportunities Fund I | 4,71,800 | 16.67 % | 10.00 Cr |
| 3 | Lords Multigrowth Fund | 4,71,730 | 16.67 % | 10.00 Cr |
The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 70 (1) | ₹ 14,840 |
Retail MAX | - | 910 (13) | ₹ 1,92,920 |
SHNI MIN | - | 980 (14) | ₹ 2,07,760 |
SHNI MAX | - | 4690 (67) | ₹ 9,94,280 |
BHNI MIN | - | 4760 (68) | ₹ 10,09,120 |
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | - | 440.00 Cr |
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
EMKAY GLOBAL FINANCIAL SERVICES LIMITED | Deepak Yadav / Pooja Sarvankar | +91 22 6612 1212 | acjkel.ipo@emkayglobal.com | www.emkayglobal.com |
KEYNOTE FINANCIAL SERVICES LIMITED | Milan Soni / Virendra Chaurasia | +91 22 6826 6000 | mbd@keynoteindia.net | www.keynoteindia.net |
Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.
This IPO is of Amir Chand Jagdish Kumar (Exports) Limited. The issue is scheduled to open on Tuesday, 24 March 2026 and closes on Friday, 27 March 2026.
After the IPO process is completed, the shares are proposed to be listed on both NSE and BSE.
IPO size means the total amount the company plans to raise through the public issue.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the total issue size is Rs 440 crore, consisting of a fresh issue of Rs 440 crore.
Price band is the price range within which investors can bid for shares in a book-built IPO.
For this IPO, the lower price band is Rs 201 per share and the upper price band is Rs 212 per share.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the minimum lot size is 70 shares. At the upper price band of Rs 212 per share, the minimum application amount is Rs 14,840. Applications must be made in multiples of 70 shares.
Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the Fresh Issue size is Rs 440 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.
Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.
The IPO opening date is the first day on which investors can apply for the public issue.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the IPO opens on Tuesday, 24 March 2026.
The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.
Amir Chand Jagdish Kumar (Exports) Limited IPO closes on Friday, 27 March 2026.
The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the tentative allotment date is Monday, 30 March 2026.
The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.
Amir Chand Jagdish Kumar (Exports) Limited IPO is expected to list on Thursday, 02 April 2026.
After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, refund initiation is expected on Wednesday, 01 April 2026, and credit of shares to demat accounts is expected on Wednesday, 01 April 2026.
Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.
IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI). The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.
QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.
In Amir Chand Jagdish Kumar (Exports) Limited IPO, 50% shares are reserved under the QIB category, with 1,03,77,357 shares offered, and an allocation amount of ₹220.00 crore.
The Retail category is reserved for individual investors and HUFs applying for up to Rs 2 lakh within the retail investment limit allowed under IPO rules.
In Amir Chand Jagdish Kumar (Exports) Limited IPO, 35% shares are reserved under the Retail category, with 72,64,151 shares offered, and an allocation amount of ₹154.00 crore.
NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.
In Amir Chand Jagdish Kumar (Exports) Limited IPO, 15% shares are reserved under the NII/HNI category, with 31,13,208 shares offered, and an allocation amount of ₹66.00 crore.
SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.
In Amir Chand Jagdish Kumar (Exports) Limited IPO, 5% shares are reserved under the SHNI sub-category, with 10,37,736 shares offered, and an allocation amount of ₹22.00 crore.
BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.
In Amir Chand Jagdish Kumar (Exports) Limited IPO, 10% shares are reserved under the BHNI sub-category, with 20,75,472 shares offered, and an allocation amount of ₹44.00 crore.
Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the minimum lot size is 70 shares. At the upper price band of Rs 212 per share, the minimum application amount is Rs 14,840. Applications must be made in multiples of 70 shares.
Retail minimum application shows the minimum application size for retail investors.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the Retail minimum application is 70 shares (1 lot) for about Rs 14,840.
Retail maximum application shows the maximum application size generally available under the retail category.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the Retail maximum application is 910 shares (13 lots) for about Rs 1,92,920.
SHNI minimum application shows the minimum application size for the Small HNI category.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the SHNI minimum application is 980 shares (14 lots) for about Rs 2,07,760.
SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the SHNI maximum application is 4,690 shares (67 lots) for about Rs 9,94,280.
BHNI minimum application shows the minimum application size for the Big HNI category.
For Amir Chand Jagdish Kumar (Exports) Limited IPO, the BHNI minimum application is 4,760 shares (68 lots) for about Rs 10,09,120.
Understand important financial figures in simple language using the financial statement data available for the IPO.
Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.
The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.
Investors should read the table to understand the company's financial performance and financial position over different periods.
The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.
Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.
Some companies may provide detailed financial breakup, while others may present broader financial categories.
Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.
A single financial figure should not be used alone to judge the company.
Profit is important, but it does not show the full financial picture.
Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.
Cash flow helps investors understand how money moves in and out of the business.
A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.
No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.
Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.
Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.
It helps investors understand the company in a broader industry context.
Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.
It is useful for context, but it should not be treated as a final investment conclusion.
Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.
Investors should compare only relevant and similar metrics.
Investors should use the peer comparison table as a reference point.
Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.
No. Peer Comparison does not directly decide whether an IPO is good or bad.
It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.
No. Peer Comparison is only one part of IPO analysis.
Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.
Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.
Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.
They help investors understand the company beyond basic financial figures.
KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.
They should be reviewed together with financial statements, peer comparison and IPO pricing.
KPI data may differ depending on the company, industry, financial disclosures and available offer document information.
Not every IPO may provide every KPI, and some metrics may not be applicable to every business.
Investors should read KPI metrics together instead of relying on one ratio.
A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.
No. High or low KPI values need context.
The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.
No. KPI data is useful, but it should not be used alone.
Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.