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Amir Chand Jagdish Kumar (Exports) IPO

Amir Chand Jagdish Kumar (Exports) IPO

Consumer Food
open
₹14,070Min. investment
  1. Pre-apply
    20 Mar
  2. Bid start
    24 Mar
  3. Bid end
    27 Mar
  4. Allotment
    30 Mar
  5. Release of funds
    1 Apr
  6. Demat transfer
    1 Apr
  7. Listing
    2 Apr

Amir Chand Jagdish Kumar (Exports) Limited IPO Details

SectorConsumer Food
Price range₹201 – ₹212
IPO type
Regular
Lot size70 shares
Issue size₹440Cr
Red Herring Prospectus
Read
Market Cap
₹2,195CrLower than sector avg
RevenueApr 20NaN - Mar 20FY
₹2,001.6CrHigher than sector avg
Growth rate3Y CAGR
23.34%

Amir Chand Jagdish Kumar (Exports) Limited IPO Overview

Amir Chand Jagdish Kumar (Exports) Limited IPO date

Amir Chand Jagdish Kumar (Exports) Limited IPO will open for subscription on March 24, 2026, and the closing date for the IPO is March 27, 2026. After this, investors are expected to be updated about the allotment status on March 30, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on April 1, 2026. The shares will be listed on the NSE and the BSE on Thursday, April 2, 2026.

Amir Chand Jagdish Kumar (Exports) Limited IPO price band

The IPO includes an offer for sale. The IPO price band has been set between ₹201 and ₹212 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising an offer for sale of ₹440 crore. Amir Chand Jagdish Kumar (Exports) Limited IPO listing price will be determined on April 2, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Amir Chand Jagdish Kumar (Exports) Limited IPO lot size

Amir Chand Jagdish Kumar (Exports) Limited IPO details have been declared. The minimum lot size for an application is 70 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹440 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹2,001.6Cr
This sector
₹1,087.57Cr
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PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹60.82Cr
This sector
₹78.55Cr
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Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹2,195Cr
This sector
₹7,146.66Cr
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P/E ratio
Lower ratio usually means stock is undervalued
This IPO
28.42
This sector
43.50
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D/E ratio
Lower ratio usually means fewer liabilities
This IPO
2.07
This sector
0.91
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Objectives

Working capital requirements
90.90%
General corporate purposes and issue expenses
9.10%

Strength and Weakness

Strategic location & strong procurement network

The company has its production facilities in Punjab and Haryana and has a packaging facility located in New Delhi, which is in proximity to large basmati paddy markets. With Punjab, Haryana, and Uttar Pradesh accounting for over 97% of India's basmati output, the proximity to its markets permits the company to access raw materials quickly, save on shipping costs, maintain a steady supply chain and create better pricing agreements with its suppliers.

Fully integrated value chain

The company performs the majority of its operations within the internal logistics network; this includes purchasing paddy, processing, packaging, branding, and selling the finished product. By integrating all of these activities into one business model, it can more effectively manage costs and maintain uniform product quality.

Wide & growing distribution network

The company has established a strong distribution system throughout India, with general trade, modern retail, and online channels. The number of distributors increased from 380 in March 2023 to 431 in February 2026. In addition to selling through retail outlets, the company sells directly to institutional clients (hotels, hospitals, caterers, airlines, etc.) and through its own website, providing the company with better reach and control over its sales.

Strong international presence

The company has a significant export business, holds a Three Star Export House designation with the Ministry of Commerce and Industry, and has a large presence in the Middle East and also exports to Australia, South Africa, Europe, and Azerbaijan.

Established brand with 40+ years of legacy

The company’s main brand, “Aeroplane,” has been around for over 40 years and has built strong recognition over time. It has also expanded to include 40-plus sub-brands, including Aeroplane La-Taste, Aeroplane Classic, Ali Baba, World Cup, and Jet, to suit diverse customer segments.

About Amir Chand Jagdish Kumar (Exports) Limited

Incorporated in 2003, Amar Chand Jagdish Kumar (Imports) is a processor and exporter of basmati rice and other FMCG products. All products of the company are marketed under the main brand Aeroplane and over 40 sub-brands, including Aeroplane La-Taste, Ali Baba and World Cup. The company has developed a solid amount of intellectual property, including 100 registered trademarks (70 registered in India and 30 registered in 26 countries) and 22 registered copyrights in India, which helps to strengthen its position in both domestic and international markets.
The company has three manufacturing units located in Amritsar, Safidon & New Delhi, which produce 277,908 MT (50.46% utilization) against the installed capacity of 550,800 MT per annum. The utilisation is increased to 50.46% in FY25 from 32.44% in FY23. All manufacturing plants are located in India and equipped with imported equipment. The company is also ISO 22000:2018 and HACCP certified.
It has 325 procurement agents, who accounted for approximately 96.76% of total purchases during FY25. The top 10 agents accounted for 50.90% of the company's total procurement. Since procurement is seasonal, the company has a storage capacity of 140,000 MT for paddy and 130,000 MT for rice for efficient inventory management.
The distribution network of the company is expanding, and it has increased its number of distributors from 380 as of March 2023 to 431 as of February 2026 in India, and international sales through 53 distributors. The domestic market is primarily made up of offline sales channels that make up 99% of revenue; however, the company is gradually developing online/e-commerce & quick commerce sales platforms. It also sells products to institutional customers such as hotels/hospitals/caterers.
Rice, especially the basmati variety, constitutes approximately 98% of total annual revenues. Basmati rice is segmented into premium, medium and value along with institutional (HORECA) sales. Sona masuri and kolam are also other speciality rice varieties that are marketed in the company's product portfolio. The company's FMCG product line includes basic staples such as wheat flour (atta), all-purpose flour (maida), gram flour (besan), semolina (sooji), salt, and sugar. However, this segment only comprises a very small portion of total revenues.
A key shift to the current business strategy is towards domestic markets. Contribution of revenue from domestic markets has grown from 30.67% in FY23 to 61.73% in FY25 and further to 67.57% in H1FY26, based on nearly 74.9% CAGR growth of domestic sales from FY23 to FY25. As a result of this change, the contribution of exports to total revenue has decreased from 69.33% to 32.43% during the same period; however, the company currently exports its products to more than 38 countries, with the Middle East being the most significant export market.
The Indian rice market has a solid infrastructure, with India being the world's largest exporter (14.4 MMT for MY23-24). It plays an important role in global production, alongside China. Rice comprises ~41.2% of India's total food grain output and is cultivated on 478 lakh acres with rising yields (+17% to 2,882 kg/hectare) contributing to continued supply recognition. The basmati segment represents about 75% of total global demand for basmati and, therefore, provides premium prices and strong export demand with CY24 exports of 5.9 MMT and forecast to increase at a CAGR of 8% from CY30. Overall, CY24 rice exports increased 21% YoY to 19.9 MMT and are estimated to rise at approximately 6% annually over the next 5 years, driven by increased demand from the Middle East, Africa and Asia.
Monsoon dependence creates risks related to government intervention and business practices in India, the increase in premiumization, the continued movement toward the branded/packaged rice concept and the fact that there is still a low degree of organisation in the industry (30-40% for basmati) will provide long-term visibility for growth in rice exports. The company is looking to increase its distributor base from 431 to 700+ by FY28. It wants to expand into the lower-tier-level markets (300) by penetrating/expanding into Tier 3 and Tier 4 cities and investing in brand growth through media campaigns/celebrity endorsements, while also implementing/expanding its FMCG portfolio with items like edibles, pulses, and ready-to-eat products, which usually yield a greater margin than traditional food products.
The company's ability to efficiently scale volumes using India's leading export of rice globally and the availability of a significant supply of raw materials across India (478 lakh hectares of rice production) support the opportunity to accelerate the growth of our export business. With the estimated growth in India's global trade of rice at ~6% CAGR and basmati rice at ~8% CAGR, the company's exports can see continued opportunities going forward in key export markets, i.e. the Middle East. Now, Amir Chand Jagdish Kumar (Exports) Limited is launching its initial public offering (IPO), which consists of a fresh issue of ₹440 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the Amir Chand Jagdish Kumar (Exports) IPO?

You can pre-apply for the Amir Chand Jagdish Kumar (Exports) IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Amir Chand Jagdish Kumar (Exports) IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the Amir Chand Jagdish Kumar (Exports) IPO?

If you are interested in this investment opportunity but unsure how to apply for the Amir Chand Jagdish Kumar (Exports) IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Amir Chand Jagdish Kumar (Exports) IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Amir Chand Jagdish Kumar (Exports) IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check the Amir Chand Jagdish Kumar (Exports) IPO allotment status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Amir Chand Jagdish Kumar (Exports) IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Amir Chand Jagdish Kumar (Exports) IPO allotment status will be mentioned.

Frequently asked questions

How to invest in the Amir Chand Jagdish Kumar (Exports) IPO ?

Investors can apply for the Amir Chand Jagdish Kumar (Exports) IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Amir Chand Jagdish Kumar (Exports) IPO ?

The issue size of the Amir Chand Jagdish Kumar (Exports) IPO is 440 Cr.

What is 'pre-apply' for Amir Chand Jagdish Kumar (Exports) IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Amir Chand Jagdish Kumar (Exports) IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 24 Mar 2026, 10:00 AM