Amir Chand Jagdish Kumar (Exports) Ltd. is set to launch an initial public offering (IPO) to raise over Rs 400 crore from the primary market. The company is a producer and exporter of basmati rice. Ahead of its opening, the grey market premium (GMP) indicated a premium of close to 3% for the issue. Investors who want to bid for shares in the IPO must check the following details before making an investment call.
Amir Chand Jagdish Kumar IPO GMP Today
According to InvestorGain, the GMP for the Amir Chand Jagdish Kumar (Exports) IPO stood at Rs 6 as of 11 a.m. on March 23. It indicates a listing price of Rs 218 apiece at a premium of 2.83% on the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
Amir Chand Jagdish Kumar IPO: Key Details
The Amir Chand Jagdish Kumar (Exports) IPO is a book-built issue of Rs 440 crore. It comprises a fresh issue of 2.08 crore shares.
To participate in the IPO, retail investors need to bid for a single lot size of 70 shares, requiring an investment of Rs 14,840. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,07,760. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 68 lots. It will lead to an investment of Rs 10,09,120.
The price band for the IPO is set between Rs 201 and Rs 212 per share.
The subscription window will be open from March 24 to March 27, with the allotment expected to be finalised on March 30. The company will transfer shares to the demat accounts of successful bidders on April 1 and refunds to non-allottees will be done on the same day.
Shares of Amir Chand Jagdish Kumar (Exports) are scheduled to list on the BSE and NSE on April 2.
Qualified Institutional Buyers (QIBs) will be offered a maximum of 50% of the offer. Retail investors will be allocated a minimum of 35% of the offer. At least 15% will be reserved for Non-Institutional Investors.
Emkay Global Financial Services Ltd. is the book-running lead manager and KFin Technologies Ltd. is the registrar of the issue.
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Use Of Proceeds
The company will use proceeds from the IPO to fund working capital requirements and for general corporate purposes.
About Amir Chand Jagdish Kumar
Amir Chand Jagdish Kumar (Exports) processes and exports basmati rice under its flagship brand, Aeroplane. Other brands include La-Taste, Alibaba, and World Cup.
Financials
The company reported a 100% year-on-year (YoY) jump in net profit to Rs 60.82 crore in FY25 from Rs 30.4 crore in FY24. Revenue from operations rose 29.2% YoY to Rs 2,001.65 crore in FY25 from Rs 1,549.52 crore in FY24.
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Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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