Amir Chand Jagdish Kumar IPO Sees 1.26x Subscription on Day 1, Driven by Strong Institutional Demand

Amir Chand Jagdish Kumar (Exports) IPO Update

Subcription Status: The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports), a processor and exporter of basmati rice and other FMCG products in India, received a solid response from investors, with the issue subscribed 1.26 times by the end of the first day of subscription.

Details:

• Total bids received: 2.25 crore shares
• Total shares on offer: 1.79 crore shares
• Subscription status by category:
  • Non-Institutional Investors (NIIs): 4.86 times subscribed
  • Qualified Institutional Buyers (QIBs): 0.61 times subscribed
  • Retail Portion: 0.39 times subscribed

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IPO Details:

• Issue Period: March 24, 2026 - March 27, 2026
• Price Band: ₹201 - ₹212 per share
• Issue Size: 2.08 crore shares, aggregating to ₹440 crore
• Application Lot Size: 70 shares
• Investment Required per Lot (Upper Price Band): ₹14,840
• Utilisation of Proceeds: Working capital requirements and general corporate purposes
• Allotment Status: Expected to be finalised on March 30, 2026
• Tentative Listing Date: April 2, 2026

Grey Market Premium (GMP): ₹7, indicating a potential listing price of ₹219 per share, about 3.3% above the upper price band.