Rice exporter Amir Chand Jagdish Kumar (Exports) unveils ₹440 crore IPO

Rice exporter and FMCG firm Amir Chand Jagdish Kumar (Exports) Ltd, has announced to open its Initial Public Issue (IPO) on March 24, 2026 to raise about Rs 440 crore through fresh issue of shares.

Price band has been fixed at ₹201 to ₹212 per equity share of face value of ₹10 each. 

The company proposes to utilise net proceeds from fresh issue of equity shares towards its working capital requirements and general corporate purposes. 

Bids can be made for a minimum of 70 equity shares of face value of ₹10 each and in multiples of 70 equity shares of face value of ₹10 each thereafter.

The IPO will close on Friday, March 27, 2026. The Anchor Investor bidding is scheduled on March 23, 2026.

The company runs three mills in India, and currently operates at 50% of the capacity.

The company is a processor and exporter of basmati rice and other FMCG products in India and has the manufacturing facilties. 

It has presence across the basmati rice value chain, with operations that include procurement, storage, processing, marketing and sales.

In addition, it also diversified into FMCG products, offering staples and essential kitchen supplies such as aata, maida, sooji, besan, salt and sugar and market their products under our flagship registered and trademarked brand “AEROPLANE”, with more than 40 different sub-brands for various products.

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, ir 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 ₹ 1,021 crore and its profit after tax was ₹48.7 crore.