Amir Chand Jagdish Kumar IPO Sets Price Band at ₹201-₹212 per Share

Amir Chand Jagdish Kumar Exports IPO Details

Issue Details

• Price Band: ₹201 to ₹212 per equity share of the face value of ₹10
• Subscription Period: Tuesday, March 24 to Friday, March 27
• Anchor Investor Allocation: Monday, March 23
• Lot Size: 70 equity shares, in multiples of 70 equity shares thereafter

Allocation and Listing

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• QIB Allocation: Not more than 50% of the shares
• NII Allocation: Not less than 15% of the shares
• Retail Investor Allocation: Not less than 35% of the shares
• Basis of Allotment: Tentatively finalized on Monday, March 30
• Refund Initiation: Wednesday, April 1
• Share Crediting: Wednesday, April 1
• Listing Date: Thursday, April 2

Company Details

• Company Name: Amir Chand Jagdish Kumar (Exports)
• Industry: Processor and exporter of basmati rice
• Valuation: ₹1,877 crore
• Post-Issue Market Capitalization (upper end of price band): ₹2,195.29 crore

Offer Size and Utilization

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• Offer Size: ₹440 crore (fresh issue of equity shares, without any offer-for-sale element)
• Pre-IPO Round: ₹13 crore, involving 7.55 lakh shares priced at ₹172 each

Utilization of Net Proceeds

• Working Capital Needs: Covering working capital needs
• General Corporate Objectives: Funding general corporate objectives

Merchant Bankers and Registrar

• Merchant Bankers: Emkay Global Financial Services and Keynote Financial Services
• Registrar: Kfin Technologies Ltd.