Amir Chand Jagdish Kumar Exports Gets SEBI Nod for ₹550 Crore IPO

Amir Chand Jagdish Kumar Exports, a processor and exporter of basmati rice and other FMCG products, has received approval from the Securities and Exchange Board of India to proceed with its initial public offering.

The company filed draft papers with the capital markets regulator on June 27 this year, and SEBI issued its observation letter on October 8. This letter allows the company to launch its IPO within the next one year.

IPO Structure and Fund Utilisation

The company plans to raise ₹550 crore through a fresh issue of shares. It may also consider raising up to ₹50 crore in a pre-IPO round, which will form part of the fresh issue.

Of the total proceeds, ₹500 crore will be used mainly for working capital requirements, while the remaining amount will be allocated for general corporate purposes. This utilisation strategy is expected to strengthen liquidity and support business expansion.

Business Overview and Brand Portfolio

Amir Chand Jagdish Kumar Exports markets rice products under its flagship brand Aeroplane, a well-known name in the basmati rice segment. The company also markets products under more than 40 sub-brands, including Aeroplane La-Taste, Aeroplane Classic, Ali Baba, World Cup, and Jet.

The company earns about 99% of its revenue from rice products. It operates through three integrated manufacturing, processing, and packaging facilities located in Punjab, Haryana, and New Delhi, catering to both domestic and international markets.

Industry Position and Competition

Amir Chand Jagdish Kumar Exports operates in the competitive rice and FMCG sector alongside established listed players such as LT Foods, KRBL, Chaman Lal Setia Exports, GRM Overseas, and Sarveshwar Foods.

The company’s strong brand recognition, diversified portfolio, and extensive distribution network position it well to capture growing demand for premium rice and packaged food products. Its export footprint further enhances its competitiveness in global markets.

Merchant Bankers and Regulatory Timeline

The IPO is being managed by Emkay Global Financial Services and Keynote Financial Services. With SEBI’s observation letter issued on October 8, the company is now authorised to launch its IPO within one year from that date.

The next steps will include finalising offer details, including the price band, lot size, and IPO opening and closing dates, before approaching the market.

Read More: Prasol Chemicals files IPO papers with SEBI to raise ₹500 crore

Conclusion

Amir Chand Jagdish Kumar Exports’ IPO approval marks a major milestone in its expansion journey. The fresh capital infusion will support operational growth, enhance working capital, and strengthen its market presence.

With a robust brand legacy, wide product range, and strong market position, the company is expected to attract investor attention. The upcoming IPO will be closely monitored by analysts and investors across the FMCG and agro-processing sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.