Amir Chand IPO
Amir Chand Jagdish Kumar (Exports) IPO is a Mainboard book-built issue of ₹440 crore, comprising a fresh issue of 2.08 crore equity shares. The IPO is priced in the range of ₹201 to ₹212 per share and is proposed to be listed on the NSE and BSE.
Amir Chand IPO Details
Amir Chand Jagdish Kumar IPO bidding started from Mar 24, 2026 and ended on Mar 27, 2026. The allotment for Amir Chand Jagdish Kumar IPO was finalized on Mar 30, 2026. The shares got listed on the NSE and the BSE on Apr 2, 2026.
Amir Chand IPO Timeline (Tentative)
The Amir Chand Jagdish Kumar IPO timeline covers the key dates from the opening and closing of the IPO to allotment, refund or ASBA unblocking, credit of shares to Demat accounts, and listing on the stock exchanges. The IPO opened on March 24, 2026, and closed on March 27, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tue, Mar 24, 2026 |
| IPO Close Date | Fri, Mar 27, 2026 |
| Basis of Allotment | Mon, Mar 30, 2026 |
| Initiation of Refunds | Wed, Apr 1, 2026 |
| Credit of Shares to Demat | Wed, Apr 1, 2026 |
| Listing Date | Thu, Apr 2, 2026 |
| IPO Opens | March 24, 2026 |
| IPO Closes | March 27, 2026 |
| Basis of Allotment | March 30, 2026 |
| Refunds | April 1, 2026 |
| Credit of Shares | April 1, 2026 |
| Listing | April 2, 2026 |
Amir Chand IPO Lot Size
Investors can bid for a minimum of 70 shares and in multiples thereof.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 70 | 14,840 |
| Retail (Max) | 13 | 910 | 1,92,920 |
| S-HNI (Min) | 14 | 980 | 2,07,760 |
| S-HNI (Max) | 67 | 4,690 | 9,94,280 |
| B-HNI (Min) | 68 | 4,760 | 10,09,120 |
Amir Chand IPO Reservation
Amir Chand Jagdish Kumar IPO comprises a total issue size of 2,07,54,716 shares. Out of which, 1,03,77,357 (50.00%) are allocated to QIB, 31,13,208 (15.00%) allocated to NII 72,64,151 (35.00%) allocated to RII.
Amir Chand IPO Subscription
The Amir Chand Jagdish Kumar IPO subscription status indicates the demand received from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). The IPO received strong demand from NIIs and closed with an overall subscription of 3.23 times according to the final subscription figures reported by Economic Times and Moneycontrol.
| Category | Subscription (times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.11x |
| Non-Institutional Investors (NII) | 12.71x |
| Retail Individual Investors (RII) | 1.36x |
| Total | 3.23x |
About Amir Chand
Incorporated in 2003, Amir Chand Jagdish Kumar (Exports) Limited is a processor and exporter of basmati rice and other FMCG products in India. The company operates fully integrated operations across the basmati rice value chain, including procurement, storage, processing, marketing, and sales.
Products are broadly categorized into two segments:
- Rice, comprising basmati rice and other specialty varieties such as kolam rice, sona masuri, idli rice, and ponni rice.
- FMCG, encompassing a range of staple food products such as aata, maida, sooji, besan, salt, and sugar. Products are marketed under the flagship registered and trademarked brand “AEROPLANE”, with more than 40 sub-brands, including “Aeroplane La-Taste”, “Aeroplane Classic”, “Ali Baba”, “World Cup”, and “Jet”.
As of March 12, 2026, Amir Chand Jagdish Kumar (Exports) Limited has registered a total of 100 trademarks, comprising 70 trademarks in India and 30 trademarks across 26 countries primarily in Europe, Asia, and Africa, along with 22 copyrights in India.
Rice products are sold both domestically and internationally, while FMCG products are distributed in the domestic market. Revenue from domestic operations has grown at a CAGR of approximately 24.93% from Fiscal 2022 to Fiscal 2024.
As of February 28, 2026, the company exported products to more than 38 countries across four continents and operated two manufacturing and processing facilities in India: Unit I, located in Amritsar (Punjab), and Unit II, located in Safidon (Haryana). Additionally, one packaging facility is operated in New Delhi (Unit-III).
As of February 28, 2026, the company employed 225 permanent employees.
Strengths
- Established position in the basmati rice industry: Amir Chand Jagdish Kumar (Exports) Limited is an established producer and exporter of basmati rice, with the AEROPLANE brand having a long-standing presence in the market.
- Integrated business model: The company operates across the basmati rice value chain, including procurement, processing, storage, packaging, branding, marketing, and distribution.
- Strong procurement network: Its network of procurement agents across major basmati-producing regions in northern India helps it procure quality paddy in a timely manner and at competitive prices.
- Wide product and brand portfolio: The company sells basmati and other rice varieties along with FMCG staples through the AEROPLANE brand and multiple sub-brands.
- Pan-India distribution network: Its extensive sales and distribution network provides access to major domestic markets.
- International presence: The company exports its products to more than 38 countries, giving it exposure to international markets.
- Improving profitability: Revenue increased from ₹1,316 crore in FY2023 to ₹2,002 crore in FY2025, while PAT increased from ₹17 crore to ₹61 crore during the same period.
Risks to Consider
- Regulatory risk: The company's packaging facilities in Delhi are located in non-conforming industrial areas, which could expose the company to regulatory action, relocation requirements, and business disruption.
- Raw material risk: The business depends heavily on the availability and cost of basmati paddy. Shortages, procurement difficulties, or price fluctuations could adversely affect operations and margins.
- High working-capital requirement: Significant quantities of basmati paddy are procured during the peak harvesting season, requiring substantial working capital. Any shortage of funds could affect procurement and business operations.
- Customer concentration: In the six months ended September 2025, the top 10 customers contributed 45.03% of revenue from operations, while the top five contributed 28.92%, creating customer concentration risk.
- Commodity price and margin risk: Fluctuations in rice and paddy prices can affect procurement costs and profitability, particularly in a relatively competitive and price-sensitive industry.
- Export-related risks: International sales expose the company to foreign-market conditions, regulatory changes, currency movements, and other geopolitical or trade-related risks.
- Competitive industry: The company operates in a competitive basmati rice and FMCG market, where pricing pressure and competition can affect market share and profitability.
Amir Chand Financials (₹ Cr)
The financial information of Amir Chand Jagdish Kumar (Exports) Limited provides an overview of the company's revenue, profitability, assets, liabilities, and net worth. The company's financial performance showed growth in revenue and profit over the reported periods.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| 6M FY2026* | 1,138.52 | 39.55 | 1,091.45 | 313.64 |
| FY2025 | 2,001.65 | 60.82 | 1,023.67 | 273.92 |
| FY2024 | 1,549.52 | 30.77 | 914.87 | 213.07 |
| FY2023 | 1,315.94 | 17.42 | 761.39 | 182.30 |
KPIs & Valuation
The KPIs and valuation metrics help investors assess Amir Chand Jagdish Kumar's profitability, earnings, return ratios, and valuation. These indicators can be compared with the company's historical performance and industry peers to understand its financial position and IPO valuation.
Objects of the Issue
The company proposed to use the net proceeds from the fresh issue primarily for strengthening its working capital position and supporting its business requirements. The detailed utilisation of IPO proceeds is disclosed in the company's offer documents.
- The net proceeds from the fresh issue are proposed to be utilised for:
- Funding working capital requirements
- General corporate purposes
- Meeting issue-related expenses
Promoters, Lead Managers & Registrar
Amir Chand Jagdish Kumar (Exports) Limited is promoted by the company's promoter group, which has experience in the rice processing and export business. The IPO is managed by the appointed Book Running Lead Managers, while the registrar is responsible for processing applications, allotment, refunds, and share credit.
Promoters
Lead Managers (BRLM)
Amir Chand IPO Review
Amir Chand Jagdish Kumar (Exports) Limited operates in the basmati rice processing and export industry and has an established presence under the AEROPLANE brand. The company has an integrated business model covering procurement, processing, packaging, branding, and distribution.
The company has demonstrated strong growth in revenue and profitability over the reported financial years. Revenue increased from ₹1,315.94 crore in FY2023 to ₹2,001.65 crore in FY2025, while PAT increased from ₹17.42 crore to ₹60.82 crore during the same period.
The IPO valuation should be assessed alongside the company's growth, working-capital requirements, commodity-price exposure, customer concentration, regulatory risks, and competitive environment.
How to Apply
Investors can apply for the Amir Chand Jagdish Kumar IPO through the ASBA facility offered by eligible banks or through the UPI mechanism using a registered stockbroker. The application process is completed online, and the required amount is blocked in the investor's bank account until the allotment process.
Steps to Apply Online
- Log in to your stockbroker's website or mobile trading app.
- Open the IPO or Current IPOs section.
- Select Amir Chand Jagdish Kumar IPO.
- Enter the number of lots you want to apply for.
- Enter your bid price or select the Cut-off Price if eligible.
- Enter your registered UPI ID.
- Review the application details and submit the IPO application.
- Approve the UPI mandate request received from your bank.
- The application amount will remain blocked in your bank account until allotment.
- If shares are allotted, they will be credited to your Demat account. For unsuccessful applications, the blocked amount will be released.
Last updated Aug 10, 2026.