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Amir Chand Jagdish Kumar IPO Day 3 LIVE: The initial public offering of basmati rice exporter Amir Chand Jagdish Kumar (Exports) saw a subscription rate of 1.47 times by the second day of bidding on Wednesday, March 25. On Monday, March 23, Amir Chand Jagdish Kumar (Exports) Ltd raised ₹60 crore from anchor investors. Amir Chand Jagdish Kumar IPO GMP is ₹8.

The IPO for the company is set to close on March 27. Amir Chand Jagdish Kumar IPO price band has been established between ₹201 and ₹212 per share, giving the company a valuation of ₹2,200 crore.

Based in Haryana, the company's IPO includes a fresh issuance of equity shares, with no offer-for-sale (OFS) portion included.

Recognized for its "Aeroplane" basmati rice brand, the company intends to use the net proceeds from the offering to meet its working capital needs and for general corporate purposes.

(Stay tuned for more updates)

The company’s product portfolio is broadly classified into two segments: (i) rice and (ii) FMCG products, with a minor contribution from other income streams such as by-products and packing materials. The business remains heavily skewed towards rice, which consistently contributes over 98–99% of total revenue across periods.

For the six months ended September 30, 2025, rice accounted for ₹10,121 million (99.4%), while FMCG contributed ₹22 million (0.2%) and others ₹41 million (0.4%). It is primarily engaged in the processing and marketing of branded basmati rice across domestic and international markets.

Tentatively, Amir Chand Jagdish Kumar IPO basis of allotment of shares will be finalised on Monday, March 30, and the company will initiate refunds on Wednesday, April 1 while the shares will be credited to the demat account of allottees on the same day following refund. Amir Chand Jagdish Kumar share price is likely to be listed on BSE and NSE on Thursday, April 2.

Amir Chand Jagdish Kumar IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports), a basmati rice exporter, saw a subscription of 1.47 times by the second day of bidding on Wednesday.

The IPO, valued at ₹440 crore, garnered bids for 2,77,21,680 shares compared to the 1,89,05,270 shares available, according to data from the NSE.

The non-institutional investor segment experienced a subscription rate of 5.24 times. Meanwhile, the Qualified Institutional Buyers (QIBs) category achieved a subscription rate of 78%, and the Retail Individual Investors (RIIs) segment subscribed at a rate of 56%.

Amir Chand Jagdish Kumar IPO GMP is ₹8. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Amir Chand Jagdish Kumar shares is indicated as ₹220 apiece, which is 3.77% higher than the IPO price of ₹212.

Based on the grey market activities over the last 15 sessions, today's IPO GMP shows an upward trend and anticipates a robust listing. The minimum GMP recorded is ₹0.00, while the maximum stands at ₹8, according to expert analysis.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players.

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