Amir Chand Jagdish Kumar (Exports), the processor and exporter of basmati rice under the brand Aeroplane, will open its Rs 440-crore maiden public issue for subscription on March 24. The three days offer will close on March 27.
The IPO comprises of entirely fresh issue with no offer-for-sale component.
The offer size has been reduced from Rs 550 crore planned by the company as per the Draft Red Herring Prospectus filed in June 2025. The SEBI has given its approval to the IPO in October 2025.
Of the IPO size, the company has already raised Rs 13 crore in pre-IPO round of 7.55 lakh shares at a price of Rs 172 per share. It is valued at Rs 1,877 crore.
The one-day IPO anchor book will be opened on March 23. The company will finalise IPO share allotment by March 30, and make its market debut on April 2.
Amir Chand Jagdish Kumar (Exports) intends to utilise Rs 400 crore (plus Rs 13 crore of pre-IPO round) of proceeds from the offer for working capital requirements, and the remaining amount for general corporate purposes.
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Apart from rice processing and exports under the brand Aeroplane which accounted for over 99 percent of topline, the company has also diversified into FMCG products offering staples and essential kitchen supplies such as aata, maida, sooji, besan, salt and sugar. It has registered a total of 100 trademarks, including 70 trademarks in India and 30 trademarks across 26 countries primarily in Europe, Asia and Africa.
The Haryana–based company has recorded profit of Rs 48.6 crore on revenue of Rs 1,021.2 crore for six months period ended September 2025.
Profit in the year ended March 2025 doubled to Rs 60.8 crore, from Rs 30.4 crore in previous year. Revenue during the same period increased by 29.2 percent to Rs 2,001.6 crore from Rs 1,549.5 crore.
Emkay Global Financial Services, and Keynote Financial Services are acting as the merchant bankers for the Amir Chand Jagdish Kumar (Exports) IPO.
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