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Amir Chand Jagdish Kumar (Exports) slips on debut

02-Apr-26   10:22 Hrs IST
The stock debuted at Rs 195, marking a discount of 8.02% to the issue price.

So far, the stock has hit a high of Rs 197.95 and a low of Rs 182.75. On the BSE, over 4.38 lakh shares of the company were traded in the counter so far.

Amir Chand Jagdish Kumar (Exports) was subscribed 3.23 times. The issue opened for bidding on 24 March 2026 and it closed on 27 March 2026. The price band of the IPO is fixed between Rs 201 and 212 per share.

The IPO had consisted entirely of a fresh issue of equity shares worth up to Rs 440 crore. The objectives for the fresh issue had included Rs 400 crore for funding working capital requirements and the remaining amount for general corporate purposes.

The promoters were Jagdish Kumar Suri, Rahul Suri, and Ramnika Suri. The promoters and promoter group had held an aggregate of 81,580,500 equity shares, aggregating to 98.53% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding had been expected to be around 78.78%.

Amir Chand Jagdish Kumar (Exports) is a processor and exporter of basmati rice and other FMCG products, with fully integrated operations across the rice value chain, including procurement, processing, and distribution. The company's portfolio is led by basmati rice, complemented by other rice varieties and staple FMCG products such as aata, maida, sooji, besan, salt, and sugar, marketed under its flagship 'Aeroplane' brand and over 40 sub-brands. It has a strong domestic and international presence, exporting to over 38 countries, supported by a wide distribution network of more than 400 distributors in India and overseas. The rice segment contributes the majority of revenue, with a dominant share in overall sales, while the company continues to focus on expanding its distribution reach, strengthening brand presence, and scaling operations.

Ahead of the IPO of Amir Chand Jagdish Kumar (Exports) on 23 March 2026, the company raised Rs 60 crore from anchor investors by allotting 28.30 lakh shares at Rs 212 each to 3 anchor investors.

For the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 48.65 crore and sales of Rs 1,021.25 crore.

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