Amir Chand Jagdish Kumar IPO Set to Launch on Tuesday: Key Highlights from the Red Herring Prospectus

Amir Chand Jagdish Kumar IPO: Key Details and Analysis

IPO Details

• Issue Size: ₹440 crore
• Face Value: ₹10 per equity share
• Price Band: ₹201 to ₹212 per equity share
• Issue Period: March 24 to March 27
• Listing Date: April 2

Grey Market Premium

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• The latest grey market premium (GMP) for Amir Chand Jagdish Kumar shares suggests a flattish listing.
• The shares were available at a premium of ₹6 in grey markets on Friday, indicating a potential 3% listing gain.

Key Highlights from RHP

1. Issue Size and Utilisation: The book build issue is a fresh issue of about 2.08 crore shares, aimed at raising ₹440 crore. The net proceeds will be utilised to fund working capital requirements and general corporate purposes.
2. Book-Running Lead Managers and Registrar: Emkay Global Financial Services and Keynote Financial Services are the book-running lead managers, while KFin Technologies is the registrar of the Amir Chand Jagdish Kumar IPO.
3. Company Overview: Amir Chand Jagdish Kumar is a processor and exporter of basmati rice and other FMCG products, including aata, maida, sooji, besan, salt, and sugar, in India. The company markets its products under its flagship registered and trademarked brand "AEROPLANE".
4. Financial Performance: The company's profit has seen sustained growth over the last few years, with a profit of ₹174.96 million in FY23, ₹304.05 million in FY24, and ₹608.22 million in FY25.
5. Promoters and Management: The promoters of the company are Jagdish Kumar Suri, Rahul Suri, and Ramnika Suri, who cumulatively held 81,280,200 shares of face value ₹10 each, representing 98.17% of the pre-issue issued, subscribed, and paid-up share capital of the company.
6. Risk Factors: The company's capital-intensive business is a key risk, as high working capital requirements during peak season result in elevated borrowings.