Amir Chand Jagdish Kumar Exports IPO
LISTEDMAINBOARDListing Performance
▼ 15.00%
Issue Price
₹212
Listing Price
₹180
Listed On
02 Apr 2026
- Price Band
- ₹201 – ₹212
- Lot Size
- TBA
- Lot Value
- TBA
- Open Date
- 24 Mar24 Mar 2026
- Close Date
- 27 Mar27 Mar 2026
Amir Chand Jagdish Kumar Exports — Stock Performance
About Amir Chand Jagdish Kumar Exports
Processes and exports basmati rice and FMCG products including wheat flour, gram flour, and other food items.
Use of IPO Proceeds
Promoters
Jagdish Kumar Suri
Chairman and Managing Director · age 76
Pre-issue: 89.5%
Rahul Suri
Whole Time Director · age 50
Pre-issue: 8.31%
Ramnika Suri
Non-Executive Non-Independent Director · age 75
Pre-issue: 0.36%
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: NSE, BSE
Strengths (6)
- •Ranks 3rd among peers in revenue as leading basmati rice producer and exporter
- •Well-established distribution network with 484+ domestic distributors and presence in 38+ countries
- •Strong brand portfolio including Aeroplane with 40+ sub-brands and 100 registered trademarks
- •Strategically located processing facilities near basmati producing regions in northern India
- •Experienced management with promoters having 30-40+ years combined industry expertise
- •Integrated operations with ISO 22000 and HACCP accreditation food safety systems
Risk Factors (6)
- •Packaging units in non-conforming Delhi industrial areas expose company to regulatory risks and potential relocation.
- •Raw material supply inadequacy and cost fluctuations could adversely affect business operations and profitability.
- •Working capital intensive business requires significant funding during peak paddy harvesting season.
- •First public issue with no formal market history; issue price not indicative of post-listing market price.
- •Significant differences between Ind-AS and other accounting principles may impact financial statement interpretation.
- •Material civil litigation and regulatory proceedings pending against company and promoters.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Subscription Status
Subscription data will appear once bidding begins.
Allotment Statistics
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
24 Mar 2026 · Tue
Issue Closes
27 Mar 2026 · Fri
Bidding Cut-off (UPI Mandate)
27 Mar 2026 · 5:00 PM IST
Allotment
30 Mar 2026 · Mon
Listing
02 Apr 2026 · Thu
Issue Opens
24 Mar 2026 · Tue
Issue Closes
27 Mar 2026 · Fri
Bidding Cut-off (UPI Mandate)
27 Mar 2026 · 5:00 PM IST
Allotment
30 Mar 2026 · Mon
Listing
02 Apr 2026 · Thu
IPO Details
| Registrar | KFin Technologies Ltd. |
| Exchange | NSE, BSE |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹440.00 Cr |
| Fresh Issue | ₹440.00 Cr |
| OFS Size | — |
| Lead Managers | EMKAY GLOBAL FINANCIAL SERVICES LIMITED, KEYNOTE FINANCIAL SERVICES LIMITED |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 2,001.65 | 60.82 | 7.46 | — | 17.61% |
| FY24 | 1,549.52 | 30.41 | — | — | — |
| FY23 | 1,315.85 | 17.5 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 1,317.86 | 1,551.42 | 2,004.03 |
| EBITDA | 79.69 | 109.66 | 163.65 |
| Net Worth | 280.84 | 311.48 | 379.18 |
| Total Borrowings | 667.53 | 777.62 | 784.06 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
28.4x
Price ÷ EPS
EPS (FY25)
₹7
Earnings per share
RoNW
17.61%
Return on net worth
ROCE
14.36%
as reported in filing
EBITDA margin
8.2%
EBITDA ÷ revenue
Price/NAV
4.58x
Price ÷ NAV (as reported)
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹8.28 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: Amir Chand Jagdish Kumar Exports offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Amir Chand Jagdish Kumar Exports's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Amir Chand Jagdish Kumar Exports's filing.
Source: Amir Chand Jagdish Kumar Exports offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB50.00%
- NII / HNI15.00%
- Retail35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Amir Chand Jagdish Kumar Exports offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Jagdish Kumar Suri₹1.20 Cr p.a.
Chairman and Managing Director
Promoter and founder; extensive business experience in exports
- Rahul Suri
Whole Time Director
Son of Jagdish Kumar Suri; involved in company operations
- Ramnika Suri
Non-Executive Non-Independent Director
Spouse of Jagdish Kumar Suri; mother of Rahul Suri
- Gauri Shankar
Independent Director
Bachelor of Commerce, Bachelor of Science from University of Delhi; Part I of Associate Examination, Indian Institute of Bankers
Retired banker with 39 years in banking and finance sector; served as CEO and MD of Punjab National Bank
- Yogendra Kumar Singhal
Independent Director
- Rajni
Independent Director
Bachelor of Commerce from University of Delhi; Company Secretary and member of Institute of Company Secretaries of India
12 years in secretarial compliances; consultant for company law and RBI matters; company secretary in multiple companies
Key Managerial Personnel (5)
- Jagdish Kumar Suri₹0.71 Cr p.a.
Chairman and Managing Director
Promoter and founder
- Rahul Suri₹0.36 Cr p.a.
Whole Time Director
- Anuj Verma₹0.05 Cr p.a.
Chief Financial Officer
- Sadhna Khurana
Company Secretary and Compliance Officer
- Mohan Lal Saini₹0.01 Cr p.a.
Production Head, Unit III
Matriculation from Board of Secondary Education, Rajasthan (2003)
6 years in company; joined April 1, 2019; promoted August 30, 2022
Source: Amir Chand Jagdish Kumar Exports offer document (DRHP/RHP).
Industry & Market
India is the world's leading rice exporter, supplying over 150 countries
Per Care Analytics and Advisory Private Limited, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Amir Chand Jagdish Kumar (Exports) Limited | — | 7.46 | 17.61 | 46.29 |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Criminal | Company | 2 | — |
| Civil | Company | 3 | 13.794 |
The Company has 1 criminal proceeding, 22 indirect tax proceedings, 3 material civil litigations (₹115.56 million aggregate), and 1 criminal proceeding against it (₹521.69 million). Promoters Jagdish Kumar Suri and Rahul Suri are party to a pending criminal proceeding.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Ltd.→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Amir Chand Jagdish Kumar Exports IPO opening?
The Amir Chand Jagdish Kumar Exports IPO opens on 24 Mar 2026 and closes on 27 Mar 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Amir Chand Jagdish Kumar Exports IPO?
The price band for the Amir Chand Jagdish Kumar Exports IPO is ₹201 to ₹212. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Amir Chand Jagdish Kumar Exports IPO?
The lot size and minimum investment for the Amir Chand Jagdish Kumar Exports IPO have not been announced yet. They are set when the price band is announced.
What is the GMP of Amir Chand Jagdish Kumar Exports IPO today?
The latest Grey Market Premium for Amir Chand Jagdish Kumar Exports is ₹-32 (-15.09%). GMP is unofficial data and is not a guarantee of listing price.
When will the Amir Chand Jagdish Kumar Exports IPO list on NSE and BSE?
The Amir Chand Jagdish Kumar Exports IPO is expected to list on 02 Apr 2026 on NSE, BSE. Actual listing day trading begins at the start of the normal market session.
How can I check the Amir Chand Jagdish Kumar Exports IPO allotment status?
The registrar for this IPO is KFin Technologies Ltd.. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Amir Chand Jagdish Kumar Exports IPO a mainboard or SME issue?
Amir Chand Jagdish Kumar Exports is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Amir Chand Jagdish Kumar Exports IPO?
You can apply for the Amir Chand Jagdish Kumar Exports IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Amir Chand Jagdish Kumar Exports IPO?
The GMP-implied price (unofficial, not a forecast) is ₹180: the upper price band of ₹212 plus the latest grey market premium of ₹-32, as of 02 Apr 2026, 05:30 AM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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