Amir Chand Jagdish Kumar IPO subscribed 1.33 times so far on Day 2: 10 key things to know

Amir Chand Jagdish Kumar IPO: The initial share sale of basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd has been subscribed 1.33 times so far on the second day of bidding on Wednesday, March 25. It got bids for 2,51,90,200 shares compared to 1,89,05,270 shares on offer, according to NSE data until 3:30 pm.

The quota for non-institutional investors (NIIs) attracted 5.03 times subscription. The portion for qualified institutional buyers (QIBs) got subscribed 58% and that of retail investors 53%.

Amir Chand Jagdish Kumar IPO: 10 key things retail investors should know from RHP

1. Amir Chand Jagdish Kumar IPO subscription period: The initial public offering is live from Tuesday, March 24, to Friday, March 27.
2. IPO offer structure: It is only a fresh issuance of 2.08 crore shares worth ₹440 crore.
3. Objectives: The fresh issue proceeds will be used for working capital requirements and general corporate purposes.
4. Amir Chand Jagdish Kumar IPO price band: The price range has been set at ₹201 to ₹212 per equity share.
5. Amir Chand Jagdish Kumar IPO anchor investors: Before the public issue, the company mobilised ₹60 crore in the anchor round from investors, including Chanakya Opportunities Fund I, Lords Multigrowth Fund and Rajasthan Global Securities Pvt Ltd.
6. Amir Chand Jagdish Kumar (Exports) IPO lot size: An application for a lot consists of 70 shares and multiples thereof.
7. Book-running lead manager and registrar: Keynote Financial Services and Emkay Global Financial Services are the book-running lead managers to the issue, while KFin Technologies Ltd is the registrar.
8. Amir Chand Jagdish Kumar IPO allotment date: The basis of allotment is expected to be finalised on March 30.
9. Listing date: The listing on the NSE and the BSE will occur on April 2.
10. Amir Chand Jagdish Kumar IPO financials: It posted a revenue from operations of ₹2,001.64 crore in the financial year 2024-25, compared to ₹1,549.52 crore a year back. The profit after tax stood at ₹60.82 crore in FY25 vs ₹30.40 crore in the previous fiscal year.

Amir Chand Jagdish Kumar IPO GMP

According to investorgain.com and media reports, Amir Chand Jagdish Kumar's unlisted shares are trading at ₹219, reflecting a grey market premium of 3.30% or ₹7 as compared to the upper price band of ₹212.