Amir Chand Jagdish Kumar IPO Day 1: GMP, Subscription Status, Review, and Key Details.

Amir Chand Jagdish Kumar Ltd IPO Update

IPO Details

• IPO Price Band: ₹201 to ₹212 per share
• Issue Size: ₹440 crore
• Listing: Proposed for listing on BSE and NSE
• Listing Date: 2 April 2026 (tentative)
• Registrar: KFin Technologies
• Lead Managers: Emkay Global Financial Services and Keynote Financial Services

IPO Subscription Status

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• Subscription Status: 0.63 times subscribed by 1:27 PM on the first day of bidding
• Retail Portion: 0.19 times subscribed
• NII Segment: 2.57 times subscribed

Grey Market Premium

• Grey Market Premium (GMP): ₹7

IPO Allotment and Listing

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• IPO Allotment Date: 28 March 2026 (subject to change due to Saturday)
• Alternative Allotment Date: 30 March 2026 (Monday)

Financial Analysis

• Revenue Growth: 23.3%/43.3%/86.5% CAGR for FY23-25
• Annualised PE: 36.1x/22.6x on post-issue capital (at upper price band of ₹212)
• Return on Capital Employed (ROCE): 9.16% (relatively low for a capital-light rice processing business)
• Pre-IPO P/E: 28.86x (premium to all listed peers)

Recommendation

• Subscribe to the issue at the cut-off price for a long-term investment horizon (SBI Capital Securities)
• Investors may consider applying to this IPO, but with caution due to relatively low ROCE and premium valuation (Swastika Investmart)