Basmati Rice Exporter Amir Chand Sets Price Band at Rs 201-212 for Rs 440-Crore Initial Public Offering
Initial Public Offering (IPO)
Amir Chand Jagdish Kumar (Exports) Ltd has set a price band of Rs 201-212 per share for its upcoming IPO, valuing the company at Rs 2,200 crore.
Offer Details
- Issue size: Rs 440 crore
- Issue period: March 24 - March 27
- Bidding date: March 23
- Utilisation of proceeds: Funding working capital requirements and general corporate purposes
Company Background
Amir Chand Jagdish Kumar (Exports) Ltd, a Haryana-based company, is a processor and exporter of basmati rice in India, marketing its products under the flagship brand "Aeroplane". The company competes with large basmati rice companies, including KRBL Ltd, LT Foods, and Sarveshwar Foods.
Financial Performance
For the nine-month period ended December 31, 2024, the company reported:
- Revenue from operations: Rs 1,421.3 crore
- Profit after tax: Rs 48.77 crore
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IPO Allocation
- Qualified institutional buyers: 50% of issue size
- Retail investors: 35% of issue size
- Non-institutional investors: 15% of issue size
Listing Date
The company is expected to make its stock market debut on April 2.
Investor Takeaway
Investors should be aware of the upcoming IPO of Amir Chand Jagdish Kumar (Exports) Ltd and its potential impact on the FMCG sector.
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