On day 1, the IPO was subscribed 1.19 times against the total offering of 1.89 million shares. The non-institutional investors (NII) segment showed keen interest, subscribing 4.61 times their allotted quota of 32.83 lakh shares. Meanwhile, the Retail Individual Investors (RII) category had a subscription of 37%.
The IPO is entirely a fresh issue of 2.08 crore shares aggregating to Rs 440 crore. The IPO opened for a three-day subscription period and will close on March 27, 2026. The company is likely to be listed on both NSE and BSE, with a provisional listing scheduled for April 2, 2026.
Amir Chand Jagdish Kumar IPO GMP
The latest gray market premium (GMP) for Amir Chand Jagdish Kumar Exports IPO is around Rs 6-7, suggesting a potential listing price of around Rs 219 and an estimated gain of nearly 3%. However, GMPs are only indicative and may fluctuate as the IPO progresses.
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Amir Chand Jagdish Kumar IPO Subscription Status
As per BSE data, the IPO was subscribed 1.19 times on day 1. The retail individual investors (RII) segment recorded subscription of 37% of its 76.61 lakh shares allotted.
Non-institutional investors (NII) demonstrated strong demand, with their quota oversubscribed 4.61 times against 32.83 lakh shares. Meanwhile, qualified institutional buyers (QIBs) subscribed for 58% of the 79.59 lakh shares on offer.
About Amir Chand Jagdish Kumar’s IPO
The company has set a price band of Rs 201 to Rs 212 per share, and retail investors need to apply for a minimum of one lot comprising 70 shares, worth Rs 14,840.
The IPO consists entirely of a fresh issue aggregating up to Rs 440 crore.
On Monday, the company raised Rs 60 crore from three anchor investors.
The issue allocation includes 50% reserved for qualified institutional buyers (QIB), up to 35% for retail investors and 15% for non-institutional investors (NII).
Amir Chand Jagdish Kumar IPO Net Proceeds
The company will use Rs 400 crore to fund working capital needs.
About Amir Chand Jagdish Kumar
Amir Chand Jagdish Kumar Exports (ACJKEL) is a processor and exporter of basmati rice and other consumer goods products in India. ACJKEL is one of the few Indian players with fully integrated operations across the entire basmati rice value chain, including procurement, storage, processing, marketing and sales. The company has registered a total of 100 trademarks, including 70 trademarks in India and 30 trademarks in 26 countries, mainly in Europe, Asia and Africa, and 22 copyrights in India.
Company finances
The company’s revenue from operations in H1FY26 stood at Rs 1,021 crore, while its profit after tax (PAT) stood at Rs 49 crore. For FY25, revenue stood at Rs 2,002 crore as against Rs 1,550 crore in FY24 and Rs 1,316 crore in FY23. PAT stood at Rs 61 crore in FY25, as against Rs 30 crore in FY24 and Rs 17 crore in FY23.
Lead Managers of Amir Chand Jagdish Kumar’s IPO
The Book Running Lead Managers (BRLM) are Emkay Global Financial Services and Keynote Financial Services, while the registrar of the issue is KFin Technologies.
Should you bid?
SBI Securities advises investors to ‘subscribe’ to the issue for the long term, valuing the company at an annualized PE for FY25/1HFY26 of 36.1x/22.6x on post-issue equity in the upper price band.
“ACJKEL operates a fully integrated business model to process and export basmati rice, from procurement, aging, milling, grading and packaging. The company’s products are broadly classified into two segments, rice (99% of revenue) and consumer goods. The rice business is generally working capital-intensive as companies require significant funds for the procurement of rice, which is seasonal, while inventory days are higher due to the mandatory aging process of rice. basmati. ACJKEL will use the proceeds from the IPO to fund its working capital requirements, which will help the company grow,” the brokerage said.
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