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Amir Chand Jagdish Kumar IPO: In a busy week for the primary market, Amir Chand Jagdish Kumar's initial public offering (IPO) will hit Dalal Street on Tuesday, March 24. The offer is already witnessing some trend in the grey market, contrary to the ongoing trend and despite the stock market selloff.

The IPO of Amir Chand Jagdish Kumar, processor and exporter of basmati rice and other FMCG products in India, is among the three public offers opening for bidding tomorrow. At the same time, Central Mine Planning & Design Institute IPO will enter its third and final day of bidding.

Ahead of the offer launch, here are key things about Amir Chand Jagdish Kumar IPO that investors must know:

Amir Chand Jagdish Kumar IPO will open for bidding on Tuesday, March 24 and close for bidding on March 27. The allotment is expected to be finalised on March 30, with the tentative listing date set as April 2.

The price band for Amir Chand Jagdish Kumar IPO is fixed at ₹201 to ₹212 per share, with the company looking to raise ₹440 crore at the upper end of the price band.

The offer is entirely a fresh issue of 2.08 crore shares, with no offer-for-sale (OFS) component, suggesting that all proceeds from the IPO will be received by the company.

The company plans to use the funds raised for funding working capital needs and to meet general corporate purposes.

Amir Chand Jagdish Kumar's net profit nearly doubled to ₹60.8 crore in fiscal 2025 from ₹30.40 crore in the same period a year ago. The revenue growth was also notable as the topline rose to ₹2001.6 crore from ₹1549.5 crore on a year-on-year basis.

The grey market premium (GMP) for Amir Chand Jagdish Kumar IPO has been steady since the last few sessions, according to Investorgain.com. On Monday, Amir Chand Jagdish Kumar IPO GMP is trading at ₹6. This means shares of Amir Chand Jagdish Kumar are trading at ₹218 in the grey market, a premium of nearly 3%.

Shares of Amir Chand Jagdish Kumar are slated to list on both BSE and NSE.

Amir Chand Jagdish Kumar is a processor and exporter of basmati rice and other FMCG products in India. It caters to domestic and export markets, with a significant exposure to the Middle East. It operates two processing facilities, one in Punjab and another in Haryana.

In the RHP, CARE Report said that India's agricultural landscape is characterised by the cultivation of a wide range of crops, catering to both domestic consumption and international trade. Among these crops, rice holds a significant share of 35%, with substantial acreage

dedicated to its cultivation. Additionally, India is a major player in the global rice market as an exporter. Basmati rice, famous for its aroma and long grains, is one of the most prized varieties, with significant exports.

The company has a high debt-equity ratio and incurred indebtedness. An inability to comply with repayment and other covenants could adversely affect our business. Moreover, a significant portion of its income is derived from the export of basmati rice, which may be dependent on the policies passed by the GoI and the governments of the countries where we export, and any unfavourable change in such policies may adversely affect our business.

Lastly, it also faces customer concentration risk. In the six months ended September 30, 2025, the company derived 45.03% of the revenue from operations from the top 10 customers, 28.92% of revenue from op five customers, with the single largest customer contributing to 9.35%.

Emkay Global Financial Services and Keynote Financial Services are the book-running lead managers to Amir Chand Jagdish Kumar IPO, while KFin Technologies is the registrar to the offer.Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.

At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.

Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.

Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.

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