Amir Chand Jagdish Kumar (Exports) IPO

About Amir Chand Jagdish Kumar (Exports) IPO

The Amir Chand Jagdish Kumar (Exports) IPO opens on Tuesday, Mar 24, 2026 and closes on Friday, Mar 27, 2026. The allotment of shares will take place on Monday, Mar 30, 2026. The credit of shares to the demat account will take place on Wednesday, April 1, 2026. The initiation of refunds will take place on Wednesday, April 1, 2026. The listing of shares will take place on Thursday, Apr 2, 2026.

The offer consists of a fresh issue component. The fresh issue will be worth ₹440.00 crore. The total number of shares and aggregate amount are yet to be finalised.

Amir Chand Jagdish Kumar (Exports) IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) (based on upper price). The minimum lot size investment for HNI is TBA.

Amir Chand Jagdish Kumar (Exports) is a processor and exporter of basmati rice and other FMCG products in India. Leveraging the extensive expertise of their promoters, the company benefits from over four decades of experience in the basmati rice industry in India. As per company commissioned CARE Report, they ranked 3rd among their peers in terms of revenue. They are among the few Indian branded rice players that have ventured into FMCG staples.

Objectives of Amir Chand Jagdish Kumar (Exports) IPO

• Funding working capital requirements of the company.

• General corporate purposes.

Industry Outlook

Rice is the most common staple food in many Asian countries, including India. India is one of the world's largest producers and consumers of rice. India is a major player in the global rice market as an exporter. Basmati rice, famous for its aroma and long grains, is one of the most prized varieties, with significant exports. Other popular varieties include Sona Masuri, Kolam, Mogra, Swarna, etc. The government imposes quality standards and regulations to maintain the reputation of Indian rice in the global market and implements various policies and schemes to support rice farmers. These include Minimum Support Prices (MSPs), subsidies on fertilisers and seeds, irrigation schemes, crop insurance, and infrastructure development.

India's consumer food business has thrived due to increased urbanisation, enhanced living standards, a growing number of supermarkets and malls, and the booming online food delivery sector. The industry is undergoing significant transformation driven by global events and evolving consumer dynamics.

About Amir Chand Jagdish Kumar (Exports)

Amir Chand Jagdish Kumar (Exports) markets their products under their flagship registered and trademarked brand “AEROPLANE”, with more than 40 different subbrands for various products, including without limitation, “Aeroplane La-Taste”, “Aeroplane Classic”, “Ali baba”, “World Cup” and “Jet”. They provide their customers with a diverse range of brands across multiple price segments catering to various demographics. Their products are broadly categorized into two segments: (i) rice and (ii) FMCG.

The products in their rice segment comprise of basmati rice and other specialty rice, such as kolam rice, sona masuri, idli rice and ponni rice. They sell their rice products both in the domestic as well as the international markets whereas their FMCG products are sold in the domestic market only. Their products are sold through their distributors to the end customers and also directly by them to institutional consumers, retail chains and through their website, other e-commerce sites and quick commerce channels. They have also established a strong sales and distribution network in their international markets and in India, which has enabled them to cater and service the consumer demand.

Strengths of Amir Chand Jagdish Kumar (Exports)

• One of India’s leading producers and exporters of basmati rice.

• Strong procurement capabilities and location advantage.

• Integrated operations with a well-established quality control system and modern equipment.

• Wide distribution network in India enabling us to efficiently penetrate major markets.

• Strong international presence.

• Healthy financial performance.

• Experienced management team.

Risks of Amir Chand Jagdish Kumar (Exports)

• Their packaging units are located in non-conforming industrial areas in Delhi.

• Their operations are dependent on the supply of raw materials.

• They rely on procurement agents to procure sufficient raw materials of the desired quality for their processing requirements.

• A significant portion of their income is derived from their export of basmati rice, which may be dependent on the policies passed by the GoI and the governments of the countries.

• They rely on their top 10 customers for approximately 50% of their revenue from operations.

• Their relationship with their distributors is critical to their business.

• Exchange rate fluctuations may adversely affect their results of operations.

• Uncertainty of supply contracts for their basmati rice from customers.

Notes: 1) Market data for calculation of P/E and EV/EBITDA is as of closing price on March 10, 2026 2) EV/EBITDA is calculated as Enterprise Value (Total Equity + Total Debt + Minority Interest + Preferred Stock – Cash and Cash Equivalents)/EBITDA of FY25. Total Equity is calculated as (Total number of outstanding shares as of 31st March 2025 * Closing price of March 10, 2026) 3) P/E is calculated as Closing Price of March 10, 2026/EPS of FY 2025.

Anchor Investor Bidding Date: TBA

Registrar: KFIN Technologies Limited

Book Running Lead Managers:

EMKAY Global Financial Services Limited

Keynote Financial Services Limited

Amir Chand Jagdish Kumar (Exports) Business Model

The company earns its revenue as a processor and exporter of basmati rice and other FMCG products. They sell their products through distributors to the end customers and also directly to institutional consumers, retail chains and through the company’s website, other e-commerce sites and quick commerce channels.

Amir Chand Jagdish Kumar (Exports) Growth Trajectory

Amir Chand Jagdish Kumar (Exports)’s Total Income for FY25 was ₹2004.028 crores, whereas in FY24 and FY23 it was ₹1551.421 crores and ₹1317.861crores, respectively.

The Profit After Tax for FY25 was ₹60.822 crores, whereas in FY24 and FY23 it was ₹30.405 crores and ₹17.496 crores, respectively.

Their EBITDA for FY25 was ₹163.652 crores, whereas in FY24 and FY23 it was ₹109.664 crores and ₹79.693 crores, respectively .

Amir Chand Jagdish Kumar (Exports) Market Position

As of the date of the Red Herring Prospectus, they have registered a total of 100 trademarks, 212 including 70 trademarks in India and 30 trademarks across 26 countries primarily in Europe, Asia and Africa, and 22 copyrights in India.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹2004.028 crores, ₹60.822 crores, and ₹163.652 crores, respectively.

How to apply for Amir Chand Jagdish Kumar (Exports) IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.

• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.

• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.

• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.