Amir Chand Jagdish Kumar IPO Listing: Amir Chand Jagdish Kumar share price made a muted debut in the Indian stock market today, April 2, as it got listed at ₹200 apiece on NSE, a discount 5.66% over its initial public offering (IPO) price of ₹212. Meanwhile, on BSE, it debuted at ₹185, down 8% from the issue price.
The listing underperformed Street expectations, as seen from the grey market premium (GMP). Amir Chand Jagdish Kumar IPO GMP stood at ₹3.5 per share, which indicated a likely listing price of ₹215.5 — a premium of just 1.65% to the offer price.
Amir Chand Jagdish Kumar IPO Subscription Status
Amir Chand Jagdish Kumar IPO was subscribed 3.23 times in total, NSE data showed.
The Retail Individual Investors (RIIs) segment was booked 1.36 times, while the Non Institutional Investors (NII) category was subscribed 12.71 times. The Qualified Institutional Buyers (QIBs) category received 1.11 times the subscription.
Amir Chand Jagdish Kumar IPO Details
The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports) Ltd. was available for bidding from March 24, 2026, to March 27, 2026, while the basis of allotment for the issue was finalised on March 30, 2026.
The public issue was launched through the book-building route, with the company fixing the price band at ₹201 to ₹212 per share. At the upper end of the band, the company mobilised ₹440 crore through the offering.
The IPO consisted entirely of a fresh issue of 2.08 crore equity shares, with no offer-for-sale (OFS) component included in the issue structure.
The company said the proceeds from the fresh issue would be used primarily to fund its working capital requirements, which are expected to support future business expansion and operational growth.
The company reserved not more than 50% of the net issue for qualified institutional buyers (QIBs). Meanwhile, not less than 15% of the issue was allocated to non-institutional investors (NIIs), while not less than 35% was earmarked for retail investors.
Ahead of the IPO opening for public subscription, the company also raised ₹60 crore from anchor investors on March 23, 2026.
Emkay Global Financial Services Ltd. acted as the book running lead manager, while Kfin Technologies Ltd. was appointed as the registrar to the issue.
About Amir Chand Jagdish Kumar
Established in 2003, Amir Chand Jagdish Kumar (Exports) Ltd. is engaged in the processing and export of basmati rice and also deals in a wider range of fast-moving consumer goods (FMCG) products in India.
The company has a fully integrated presence across the basmati rice value chain, with operations spanning procurement, storage, processing, branding, marketing, and sales.
Its business is broadly divided into two main product categories.
The first segment is rice, which includes basmati rice as well as other specialty rice varieties such as kolam rice, sona masuri, idli rice, and ponni rice.
The second segment is FMCG, under which the company sells essential household staples such as aata, maida, sooji, besan, salt, and sugar.
These products are sold under the company’s flagship registered and trademarked brand “AEROPLANE”, which is supported by a large portfolio of sub-brands. Some of the key names under this umbrella include “Aeroplane La-Taste,” “Aeroplane Classic,” “Ali Baba,” “World Cup,” and “Jet.”
The company has built a broad intellectual property portfolio over the years. As of March 12, 2026, Amir Chand Jagdish Kumar (Exports) Ltd. had a total of 100 registered trademarks, including 70 trademarks in India and 30 trademarks across 26 countries, largely spread across Europe, Asia, and Africa.
