Aeroplane Basmati Rice's Rs 440 Crore Initial Public Offering Set to Launch on March 24, Listing Scheduled for April 2
Amir Chand Jagdish Kumar (Exports) to Launch Rs 440-Crore IPO
On March 24, Amir Chand Jagdish Kumar (Exports), a processor and exporter of basmati rice under the brand Aeroplane, will initiate its maiden public issue for subscription. The three-day offer will close on March 27.
The Rs 440-crore IPO comprises an entirely fresh issue with no offer-for-sale component. Initially, the company had planned an offer size of Rs 550 crore, as per the Draft Red Herring Prospectus filed in June 2025. The SEBI approved the IPO in October 2025.
Prior to the IPO, the company raised Rs 13 crore in a pre-IPO round, selling 7.55 lakh shares at a price of Rs 172 per share, valuing the company at Rs 1,877 crore.
The one-day IPO anchor book will be opened on March 23. The company plans to finalise IPO share allotment by March 30 and make its market debut on April 2.
Amir Chand Jagdish Kumar (Exports) intends to utilise Rs 400 crore (plus Rs 13 crore of pre-IPO round) of proceeds from the offer for working capital requirements, and the remaining amount for general corporate purposes.
The Haryana-based company has diversified its operations into FMCG products, offering staples and essential kitchen supplies. It has registered a total of 100 trademarks, including 70 trademarks in India and 30 trademarks across 26 countries.
The company recorded a profit of Rs 48.6 crore on revenue of Rs 1,021.2 crore for the six-month period ended September 2025. The profit in the year ended March 2025 doubled to Rs 60.8 crore, from Rs 30.4 crore in the previous year, while revenue increased by 29.2 percent to Rs 2,001.6 crore from Rs 1,549.5 crore.
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
Merchant bankers for the Amir Chand Jagdish Kumar (Exports) IPO are Emkay Global Financial Services and Keynote Financial Services.
Investor Takeaway
Investors should note the reduced offer size and the utilization of proceeds for working capital requirements.
More in IPO
SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire
SMR Jewels IPO Successfully Lists with Institutional Support
Zepto Nears $1 Billion Quarterly Net Order Value Milestone Before IPO
