Amir Chand Jagdish Kumar (Exports)’s Initial Public Offering to open on March 24, 2026
FinTech BizNews Service
Mumbai, March 19, 2026: Amir Chand Jagdish Kumar (Exports) Limited (the “Company”) shall open its Bid / Issue in relation to its initial public offer of Equity Shares on Tuesday, March 24, 2026 and close on Friday, March 27, 2026. The IPO is entirely a fresh issue of Rs4,400 million. 82,796,840 Equity Shares of face value of Rs 10 each are outstanding as on date.
Mr. Rahul Suri, Whole Time Director, Amir Chand Jagdish Kumar (Exports) Limited and Mr. Aryan Suri, Amir Chand Jagdish Kumar (Exports)
The Company proposes to utilise net proceeds from fresh issue of Equity Shares, estimated at Rs4,400 million towards its working capital requirements and general corporate purposes (collectively, the “Object of Issue”).
Emkay Global Financial Services Limited and Keynote Financial Services Limited are the are the book running lead managers to the Issue (“Book Running Lead Managers” or “BRLMs”). KFin Technologies Limited is the Registrar to the Issue.
The Equity Shares are being issued through the red herring prospectus of the Company dated March 12, 2026 (the “RHP”) filed with The Registrar of Companies, National Capital Territory of Delhi-II at Central Delhi (the “RoC”) and are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, collectively the “Stock Exchanges”).
About the Company:
The Company is a processor and exporter of basmati rice and other FMCG products in India. As per Company commissioned CARE Report, they rank 3rd among their peers in terms of revenue, they are among the few Indian branded rice players that have ventured into FMCG staples. The Company believes it is one of the few Indian companies with fully integrated operations with a presence across the basmati rice value chain, with operations that include procurement, storage, processing, marketing and sales. In addition, they have also diversified into FMCG products, offering staples and essential kitchen supplies such as aata, maida, sooji, besan, salt and sugar, they market their products under our flagship registered and trademarked brand “AEROPLANE”, with more than 40 different sub-brands for various products, including, without limitation, “Aeroplane La-Taste”, “Aeroplane Classic”, “Ali baba”, “World Cup” and “Jet”. As on the date of the Red Herring Prospectus, it has registered a total of 100 trademarks, including 70 trademarks in India and 30 trademarks across 26 countries primarily in Europe, Asia and Africa, and 22 copyrights in India. The Company provides customers with a diverse range of brands across multiple price segments catering to various demographics.
The Company’s products can broadly be divided into the following two categories: (i) rice; and (ii) FMCG products. The products in rice segment comprise of basmati rice and other specialty rice, such as kolam rice, sona masuri, idli rice and ponni rice. Basmati rice products are further categorized into “premium”, “medium” “value” and “HORECA” segments, depending on the type and blend of grain, the respective brands under which such products are distributed, the target customers and the price range. Products in FMCG segment comprise of kitchen essential supplies, including wheat flour (atta), refined wheat flour (maida), gram flour (besan), instant phirni, idli rice flour, salt, semolina (sooji) and sugar.
The Company sells rice products both in the domestic as well as the international markets whereas FMCG products are sold in the domestic market only. As at February 28, 2026, Company exported its products to more than 38 countries across four continents. As of February 28, 2026, the Company operated three) manufacturing, processing and packaging facilities in India strategically located in the states of Punjab, Haryana and New Delhi.
The Company’s revenue from operations for the six-months period ended September 30, 2025 was Rs 10,212.46 million and its profit after tax was Rs 486.54 million. Its revenue from operations was Rs 20,016.47 million for the year ended March 31, 2025 vis-à-vis Rs 13,158.48 million for the year ended March 31, 2023. Its profit after tax was Rs 608.22 million for the year ended March 31, 2025 vis-à-vis Rs 174.96 million for the year ended March 31, 2023.
