Amir Chand Jagdish Kumar IPO: Apply or avoid? Here's what Anil Singhvi thinks

Amir Chand Jagdish Kumar IPO: The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports) Limited entered into the second day of its public bidding on Wednesday, March 25, 2026, with the issue subscribed 1.23 times so far of the net offer as of 10:30 am, according to the provisional exchange data. The issue witnessed robust demand from investors and got fully subscribed on the first day of bidding.

Amar Chand Jagdish Kumar IPO subscription status

As of 10:30 am, the IPO had received bids for 2.32 crore shares against the net offer, resulting in a 1.23 times the overall subscription.

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• Qualified Institutional Buyers (QIBs) have booked 0.58 times, with 45.98 lakh shares bid out of the 79.59 lakh shares reserved.
• The Non-Institutional Investors (NIIs) category saw robust demand and was subscribed 4.63 times, with 1.52 crore shares bid against the 32.83 lakh reserved.
• Retail Individual Investors (RIIs) have booked 0.39 times the allotted shares so far, with 29.53 lakh shares bid out of the 76.61 lakh shares.

Market guru Anil Singhvi's take on Amir Chand Jagdish Kumar IPO

Earlier on Wednesday, market expert Anil Singhvi, Managing Editor at Zee Business, shared his insights on the Amir Chand Jagdish Kumar (Exports) Ltd’s business profile and highlighted key positives and negatives.

Key positives:

• The company owns established rice brand Aeroplane
• 40 years experienced promoters
• Third biggest producer and exporter in revenue terms
• Strong growth track record

Key negatives:

• High debt equity ratio, high finance cost
• Compared to peers, the low PAT margin at 3 per cent
• Expensive valuations, other listed stocks trading at lower valuations
• Company diversifying into high-competition FMCG products
• The top 10 clients account for 64 per cent of the revenue

Amir Chand Jagdish Kumar IPO: Apply or avoid?

According to Anil Singhvi, the company is coming out with its IPO in a tough market environment, with nothing particularly great or unique in its business model. He also noted that there are already other listed stocks available that are larger in size and offer cheaper valuations.

Considering the current market conditions, Singhvi advised that low-risk investors can consider buying the stock post listing, while high-risk investors may apply now apply now, with strict stoploss on listing below the IPO price of Rs 212.

Amir Chand Jagdish Kumar IPO issue details

The Rs 440 crore IPO comprises an entirely fresh issue consisting of 2.08 crore equity shares. At the upper end of the price band, the company commands a market valuation of approximately Rs 2,195.29 crore.

Amir Chand Jagdish Kumar IPO price band and lot size

The price band for the IPO has been fixed at Rs 201 to Rs 212 per share. Investors can bid for shares in a lot size of 70 shares. At the upper price band of Rs 212 per share, the minimum investment required for retail investors is Rs 14,840.

Amir Chand Jagdish Kumar IPO key dates

Subscription date: From March 24, the public issue will remain open for bidding until March 27, 2026.

Allotment date: The allotment of shares is expected to be finalised on March 30, 2026.

Listing date: The Amir Chand Jagdish Kumar IPO shares are scheduled to list on the BSE and NSE with a tentative listing date of April 2, 2026.

Amir Chand Jagdish Kumar IPO investor category reservation details

The IPO has reserved nearly:

• 50 per cent of the net offer for Qualified Institutional Buyers (QIBs)
• 15 per cent for Non-Institutional Investors (NIIs)
• 35 per cent for Retail Investors

Amir Chand Jagdish Kumar IPO Lead Manager and Registrar

The book-running lead manager for the issue is Emkay Global Financial Services Ltd, while Kfin Technologies Ltd has been appointed as the registrar.

Amir Chand Jagdish Kumar Company Overview

Established in 2003, Amir Chand Jagdish Kumar (Exports) Limited is a company that specialises in the processing and exporting of basmati rice, along with a range of FMCG products in India.

The company’s portfolio can be classified into two segments:

Rice segment: The segment includes basmati rice, along with other well-known varieties like kolam, sona masuri, idli rice, and ponni rice.

FMCG segment: The segment comprises a range of essential food items like atta, maida, sooji, besan, salt, and sugar.

The company offers a range of products under the flagship brand “AEROPLANE,” along with a range of over 40 sub-brands like Aeroplane La-Taste, Aeroplane Classic, Ali Baba, World Cup, and Jet under the flagship brand “AEROPLANE.”