IPO
Amir Chand Jagdish Kumar IPO opens: Price band, issue size and key details
Mumbai/IBNS: The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports) Limited opened for subscription on Tuesday, media reports said.
The rice exporter has fixed a price band of ₹201–₹212 per share. Investors can bid for a minimum of 70 equity shares and in multiples thereafter.
The company aims to sell 2,07,54,716 equity shares, targeting to raise around ₹440 crore through the issue.
According to a report by Business Today, the proceeds from the fresh issue will be utilised to fund working capital requirements and for general corporate purposes.
Incorporated in 2003, the Delhi-based company is primarily engaged in basmati rice processing, branding, and exports, marketing its products under the flagship “Aeroplane” brand along with over 40 sub-brands.
With manufacturing and processing facilities across Punjab, Haryana, and Delhi, the business is largely export-driven, with a strong presence in international markets, particularly the Middle East.
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