Amir Chand Jagdish Kumar (Exports) Limited, a company known for producing and exporting basmati rice in India, made a disappointing debut on the bourses on Thursday, 2 April 2026.

A weak debut was a little bit surprising (grey market indicated 2 percent premium), as the company’s INR 440 crore IPO received a 3.23 times subscription (according to the NSE data) during March 24-27.

The shares of Amir Chand Jagdish Kumar were listed at INR 200 apiece on the National Stock Exchange, a discount of nearly 6 percent compared to the IPO price band of INR 201 – INR 212.

On the BSE, the company’s shares were listed at INR 195 per share, representing a discount of 8 percent.

The Stock made an intra-day high of INR 200 and a low of INR 180 before closing at ₹180 (down 15%) on the NSE at the market’s close.

In terms of volumes, AMIRCHAND traded with 17,587,998 shares on the NSE.

Finblab.com view (at the time of IPO)

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20 March 2026

Amir Chand Jagdish Kumar (Exports) Limited, a processor and exporter of basmati rice and FMCG products in India, is planning to raise ₹440 crores through an initial public offering.

[Fresh Issue ₹440 Cr + OFS NIL]

Amir Chand Jagdish Kumar share Price is ₹201 to ₹212 per share.

Amir Chand Jagdish Kumar (Exports): History

The Company was incorporated in the style and name of Amir Chand Jagdish Kumar (Exports) Limited as a public limited company under the Companies Act, 1956, on August 29, 2003.

The Registrar of Companies (RoC), NCT of Delhi and Haryana, granted a certificate for the commencement of business on May 13, 2004.

Amir Chand Jagdish Kumar (Exports): Business

Amir Chand Jagdish Kumar (Exports) Ltd is a well-known producer and exporter of basmati rice in India.

According to the CARE report, Amir Chand Jagdish Kumar is one of the few Indian companies with fully integrated operations, spanning the entire basmati rice value chain, encompassing procurement, processing, storage, marketing, and sales.

The Company’s business (products) are broadly classified into two segments:

1. RICE: Basmati rice, Idli rice, Kolam rice, Ponni rice, and Sona masuri.
2. FMCG: Gram flour (besan), Instant phirni, Refined wheat flour (maida), Semolina (sooji), Wheat flour (atta), Salt, Sugar, and other kitchen essential supplies.

The Company sells its products under the flagship trademarked brand AEROPLANE.

Other sub-brands for various products of the company include –

• Aeroplane La-Taste,
• Aeroplane Classic,
• Ali Baba,
• World Cup, and
• Jet.

Trademarks & Copyrights

As of January 31, 2026, Amir Chand Jagdish Kumar has registered a total of 100 trademarks (comprising 70 trademarks in India and 30 trademarks in Africa, Europe, and Asia), along with 22 copyrights in India.

Export Market

The major export destinations of the company are the Middle East nations, including Iraq, Iran, Saudi Arabia, and the UAE.

Manufacturing Facilities

As of December 31, 2025, the company operates with three (3) manufacturing, processing, and packaging facilities across India, located in the states of Haryana, New Delhi, and Punjab.

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Strategies Ahead

• Promotion of brands and marketing initiatives,
• Geographical expansion of products in the Indian market,
• Expanding the company’s reach into various FMCG products,
• Improving operational efficiency with better utilization of units.

Company Promoters

1. Jagdish Kumar Suri,
2. Rahul Suri,
3. Ramnika Suri.

Refer to Amir chand jagdish kumar exports limited drhp for further details.

IPO Details

IPO date: 24 – 27 March 2026

Minimum Amount: ₹14,840

Minimum Bid: 70 Shares

Face Value: ₹10

Listing On: NSE, BSE

Object of the IPO

1) Funding the working capital requirements of the Company,

2) General Corporate Purposes.

Financial

Book Running Lead Managers

Emkay Global Financial Services

Keynote Financial Services

CONCLUSION

Considering the nature of the business, financial performance, and the above-listed  factors in mind, FinBlab recommends ‘NEUTRAL‘ ratings (for the time-being) on Amir Chand Jagdish Kumar IPO.

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