Amir Chand Jagdish Kumar IPO price band set at ₹201 to ₹212 per share; check lot size and key details

Amir Chand Jagdish Kumar IPO: Basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd has fixed the price band of ₹201 to ₹212 per share for its ₹440 crore initial public offering. The issue is open from March 24 to March 27. The anchor investors' bidding will take place on March 23.

The initial share sale is only a fresh issuance of shares aggregating to ₹440 crore, with no offer for sale (OFS) component. The money raised will be used for working capital needs and corporate general 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," the firm said in its red herring prospectus (RHP).

The company had collected ₹13 crore in a pre-IPO round by issuing 7.55 lakh shares at ₹172 per share.

Amir Chand Jagdish Kumar IPO: Lot size

A lot consists of 70 shares and multiples thereof. The company has kept aside 50% of the net offer for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Amir Chand Jagdish Kumar IPO: Allotment and listing date

• Subscription period: March 24 to March 27
• Allotment finalisation: March 30
• Refund initiation: April 1
• Credit of shares to Demat account: April 1
• Listing on stock exchanges: April 2

Amir Chand Jagdish Kumar (Exports) Ltd, which sells products under the flagship brand 'Aeroplane', processes and exports basmati rice.

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

Additionally, the company sells staples and essential kitchen supplies like atta, sooji, maida, salt, besan and sugar.

The company had posted a 100% increase in its net profit to ₹60.82 crore in the fiscal year 2025 as against ₹30.40 crore a year back.