IPO Alert: Aeroplane Basmati Maker Gets SEBI Nod to Raise Funds

Amir Chand Jagdish Kumar Exports Ltd, the renowned basmati rice processor and FMCG player, has received the green light from the Securities and Exchange Board of India (SEBI) to proceed with its ₹550 crore initial public offering (IPO). 

The Haryana-based company, best known for its flagship brand Aeroplane, marks a new chapter in its growth journey as it aims to scale operations and strengthen its market position.

SEBI Approval and IPO Structure

The company filed its draft red herring prospectus with SEBI on June 27, 2025, and subsequently received the regulator’s observation letter on October 8, 2025. This approval allows the company to launch its IPO within the next 12 months. The public issue will consist entirely of a fresh issue of equity shares worth ₹550 crore, with a potential ₹50 crore pre-IPO round planned as part of the same.

According to the company, approximately ₹500 crore of the raised capital will be allocated toward working capital requirements, while the remaining portion will go toward general corporate purposes, ensuring greater financial flexibility to support future growth.

Business Footprint and Brand Portfolio

Established as one of India’s trusted basmati rice exporters, Amir Chand Jagdish Kumar Exports has built a diversified brand portfolio featuring over 40 sub-brands, including Aeroplane La-Taste, Aeroplane Classic, Ali Baba, World Cup, and Jet. The company’s rice products contribute around 99% of its total revenue, underscoring its dominance in this niche segment.

The business operates through three state-of-the-art manufacturing, processing, and packaging units spread across Punjab, Haryana, and New Delhi, which collectively cater to domestic and global markets. Its Aeroplane brand, in particular, has become synonymous with premium basmati rice, widely recognised in both Indian households and export markets.

Industry Landscape and Leadership Support

Amir Chand Jagdish Kumar Exports competes with leading listed players such as LT Foods, KRBL, Chaman Lal Setia Exports, GRM Overseas, and Sarveshwar Foods, all of whom play a vital role in India’s rice export ecosystem. To ensure a successful listing, the company has appointed Emkay Global Financial Services and Keynote Financial Services as the book-running lead managers for its IPO.

With India continuing to hold a dominant share in the global basmati rice trade, the company’s IPO is expected to attract strong investor interest, reflecting both the resilience of India’s agro-export industry and the company’s expanding FMCG footprint.

Read More: Midwest Raises ₹135 Crore from Anchor Investors Ahead of IPO Launch on October 15!

Conclusion

With SEBI’s nod secured, Amir Chand Jagdish Kumar Exports is poised to strengthen its growth trajectory and enhance operational capabilities. The upcoming IPO not only signals investor confidence in India’s agricultural exports but also reinforces the company’s long-term commitment to quality, innovation, and global competitiveness.

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