Amir Chand Jagdish Kumar IPO opens March 24: Check issue details, objectives and key dates

Amir Chand Jagdish Kumar IPO: The initial public offering of basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd is set to debut on the primary market on March 24. The company has not announced the price band yet.

The issue will conclude on March 27, while the bidding for anchor investors will occur on March 23.

The initial share sale is only a fresh issuance of ₹440 crore, with no offer for sale (OFS) component.

The funds generated are intended for working capital requirements and general corporate purposes.

"In addition, our company expects to receive the benefits of listing of the equity shares on the stock exchanges, including enhancing our company's visibility, brand name amongst our existing and potential customers and creation of a public market for our equity shares in India," according to the red herring prospectus (RHP).

Prior to the IPO, the company raised ₹13 crore in a pre-IPO round by allotting 7.55 lakh equity shares at ₹172 per share.

Amir Chand Jagdish Kumar IPO: Allotment and listing date

• Finalisation of allotment: March 30
• Initiation of refunds: April 1
• Credit of shares to Demat account: April 1
• Listing on the NSE and the BSE: April 2

Amir Chand Jagdish Kumar (Exports) Ltd is involved in processing and exporting basmati rice in India. Its products are sold under the flagship brand 'Aeroplane'.

Its competitors include KRBL Ltd, Sarveshwar Foods, LT Foods and various other unorganised processors.

In addition, the company also sells FMCG products, offering staples and essential kitchen supplies like maida, atta, sooji, salt, besan and sugar.

Amir Chand Jagdish Kumar had reported a 100% increase in its profit after tax to ₹60.82 crore in the financial year 2024-25 compared to ₹30.4 crore in the year-ago period.

For the six-month period ended December 2025, the company recorded revenue from operations of ₹1,021.24 crore and a profit after tax of ₹48.65 crore.

The company's shares will be listed on the BSE and NSE.