Amir Chand Jagdish Kumar (Exports) IPO is a book-built issue with a total size of ₹440 crore. The entire issue consists of a fresh issue of equity shares, aiming to raise funds for the company’s business needs. The IPO opens for subscription on March 24, 2026, and will close on March 27, 2026.
The basis of allotment is expected to be finalised on March 30, 2026, and the shares are likely to be listed on NSE BSE on April 2, 2026.
Emkay Global Financial Services Limited is acting as the book running lead manager, while Kfin Technologies Limited has been appointed as the registrar to the issue.
Amir Chand Jagdish Kumar (Exports) IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Part of the proceeds will meet working capital needs.
- Remaining funds will be used for general corporate purposes.
About Amir Chand Jagdish Kumar (Exports) Limited
Amir Chand Jagdish Kumar (Exports) Limited is a processor and exporter of basmati rice and other FMCG products in India. Leveraging the extensive expertise of its promoters, the company benefits from over four decades of experience in the basmati rice industry.
According to a company-commissioned CARE Report, the company ranks third among its peers in terms of revenue. It is among the few Indian branded rice players that have diversified into FMCG staples. The company is also one of the few Indian players with fully integrated operations across the basmati rice value chain, including procurement, storage, processing, marketing, and sales.
In addition to its core rice business, the company has diversified into FMCG products, offering essential kitchen staples such as atta, maida, sooji, besan, salt, and sugar. These products are marketed under its flagship registered trademark brand “AEROPLANE,” along with more than 40 sub-brands, including “Aeroplane La-Taste,” “Aeroplane Classic,” “Ali Baba,” “World Cup,” and “Jet.” As of the date of the Red Herring Prospectus, the company has registered a total of 100 trademarks (including 70 in India and 30 across 26 countries in Europe, Asia, and Africa) and holds 22 copyrights in India. The company offers a diverse brand portfolio across multiple price segments to cater to varied consumer demographics.
The company’s product portfolio is broadly categorized into two segments: (i) rice and (ii) FMCG. The rice segment includes basmati rice and other specialty rice varieties such as kolam rice, sona masuri, idli rice, and ponni rice. A majority of the company’s revenue is derived from its basmati rice products, which are known for their aroma and long grains and are considered a premium variety.
As per the CARE Report, Indian basmati rice has been granted a Geographical Indication (GI) tag, ensuring its unique identity and protection in international markets. India remains the leading exporter of basmati rice globally, with export volumes of 6.06 million metric tonnes valued at approximately ₹50,312 crore (USD 5.94 billion) during FY 2024–25, according to APEDA. Over the past five years, India has exported rice to around 150 countries, with key markets in the Middle East, including Saudi Arabia, Iran, Iraq, and the UAE.
The company categorizes its basmati rice products into premium, medium, value, and HORECA segments based on grain quality, branding, target customers, and pricing.
Building on its market presence, distribution network, quality control capabilities, procurement efficiencies, and brand recognition, the company has expanded into FMCG products. Its FMCG portfolio includes essential kitchen items such as wheat flour (atta), refined wheat flour (maida), gram flour (besan), instant phirni, idli rice flour, salt, semolina (sooji), and sugar.
Industry Outlook
- The overall GDP growth for FY26 is projected at 7.3%, supported by rising rural demand and improved employment conditions.
- In FY25, GDP reached ₹187.97 trillion with 6.5% growth, driven by manufacturing, construction, and financial services sectors.
- Consumer spending increased by 7.6% in FY25, while government expenditure rose by 3.8%, both contributing significantly to economic expansion.
- India recorded 9.2% GDP growth in FY24 (₹176.5 trillion), marking the highest growth in over a decade (excluding the pandemic rebound).
- Over the medium term, GDP is expected to remain in the 6.5%–7.5% growth range, supported by policy reforms such as GST rationalization and increased capital expenditure.
- Key risks to the outlook include global trade disruptions, geopolitical tensions, and climate uncertainties, which could impact growth stability despite strong fundamentals.
How To Apply for the Amir Chand Jagdish Kumar (Exports) IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Amir Chand Jagdish Kumar (Exports) IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Amir Chand Jagdish Kumar (Exports) IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Amir Chand Jagdish Kumar (Exports) Limited
Registered office: 2735, Shop No. 9, Mohan Lal Palace, Naya Bazar New Delhi, New Delhi, 110006
Phone: +91 8595912447
E-mail: info@aeroplanerice.com
Amir Chand Jagdish Kumar (Exports) IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Amir Chand Jagdish Kumar (Exports) IPO Promoter Holding
The promoters of the company include Jagdish Kumar Suri, Rahul Suri and Ramnika Suri.
| Share Holding Pre-Issue | 99.44% |
| Share Holding Post Issue | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Amir Chand Jagdish Kumar (Exports) IPO
| KPI | Value |
| ROE | 11.87% |
| ROCE | 9.16% |
| Debt/Equity | 1.68 |
| RoNW | 11.87% |
| PAT Margin | 4.76% |
| EBITDA Margin | 10.36% |
Amir Chand Jagdish Kumar (Exports) IPO Registrar and Lead Managers
Amir Chand Jagdish Kumar (Exports) IPO Lead Managers
- Emkay Global Financial Services Limited
Registrar for Amir Chand Jagdish Kumar (Exports) IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email: acjkel.ipo@kfintech.com
Financial Performance of Amir Chand Jagdish Kumar (Exports) Limited
| Period Ended | 30-Sep-25 | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
| Assets (₹ Crore) | 1,526.42 | 1,549.03 | 1,283.53 |
| Total Income (₹ Crore) | 1,024.30 | 2,004.03 | 1,551.42 |
| Profit After Tax (₹ Crore) | 48.65 | 60.82 | 30.41 |
| EBITDA (₹ Crore) | 105.76 | 163.65 | 109.66 |
| NET Worth (₹ Crore) | 440.89 | 379.18 | 311.48 |
| Total Borrowing (₹ Crore) | 739.74 | 784.06 | 777.62 |
Amir Chand Jagdish Kumar (Exports) Limited Peer Comparison
| Company Name | Revenue FY 2024-25 (₹ lakh) | PAT Margin (%) | RoNW (%) | P/E Ratio |
| Amir Chand Jagdish Kumar (Exports) Limited | 200,164.70 | 3.04 | 17.61 | NA |
| LT Foods Limited | 868,146.60 | 7.05 | 16.81 | 21.67 |
| KRBL Limited | 559,381.00 | 8.51 | 9.43 | 15.04 |
| Chaman Lal Setia Exports Limited | 149,525.60 | 6.88 | 14.22 | 12.18 |
| GRM Overseas Limited | 134,819.30 | 4.54 | 16.09 | 15.34 |
| Sarveshwar Foods Limited | 113,622.90 | 2.37 | 9.68 | 11.79 |
Strengths and Opportunities of Amir Chand Jagdish Kumar (Exports) Limited
- The company is one of India’s leading producers and exporters of basmati rice, with a strong and established market position.
- It benefits from robust procurement capabilities supported by a wide network of agents across key basmati-growing regions in North India.
- Its strategic location advantage enables efficient sourcing of high-quality paddy at competitive prices.
- The company operates fully integrated processes across the value chain, including procurement, processing, and distribution.
- It has a well-established quality control system supported by modern processing infrastructure and equipment.
- A wide distribution network across India allows the company to effectively penetrate and serve major domestic markets.
- The flagship “Aeroplane” brand, with over 40 years of legacy, provides strong brand recognition and customer trust.
- The company is led by an experienced management team, with the promoter having over four decades of industry expertise.
Risks and Threats of Amir Chand Jagdish Kumar (Exports) Limited
- The company’s packaging units are located in non-conforming industrial areas in Delhi, exposing it to regulatory actions, relocation risks, and potential operational disruptions.
- Its business is highly dependent on the availability of raw materials, and any shortage or price volatility in basmati paddy could adversely impact profitability and operations.
- The company operates in a working capital–intensive business, requiring significant funds during peak procurement seasons.
- Any inability to generate sufficient cash flows or secure financing for working capital needs may materially affect business continuity.
- The company relies on third-party procurement agents for sourcing raw materials, creating dependency risks.
- The absence of long-term contracts with procurement agents may lead to inconsistencies in quality, quantity, or pricing of raw materials.
- Any delay or failure by procurement agents to supply adequate raw materials on favorable terms could disrupt production cycles.
- A relatively high debt-equity ratio and existing indebtedness expose the company to financial risks, including challenges in servicing debt and complying with loan covenants.
