Summary of this article
Amir Chand's IPO was booked 1.5 times the issue size on day 3
IPO GMP indicates good gains on listing of stock
Amir Chand Jagdish Kumar (Exports) has entered the primary market with its initial public offering (IPO) worth Rs. 440 crore. The bidding window for the issue opened on March 24 and will end on March 27. So far into the subscription window, investors have booked nearly 1.5 times the issue size. The latest grey market premium (GMP) of the stock indicates gains at listing on the stock exchanges.
Amir Chand IPO: Offer Details
Amir Chand’s book-build issue of Rs. 440 crore is a pure fresh issue of 20.8 million shares. The price band of the issue is at Rs. 201-212 per share with a minimum lot size of 70 shares. Retail individual investors applying for the issue need to invest a minimum of Rs. 14,840.
Emkay Global Financial Services and Keynote Financial Services are the book-running lead managers of the issue, while Kfin Technologies is the registrar. The share allotment of the IPO is expected to be finalised on March 30, and shares of the company are expected to be listed on the NSE and BSE on April 2.
Amir Chand IPO: Subscription Status
Investors have fully booked the issue, subscribing for 27.72 million shares, around 1.5 times the issue size. India's stock exchanges are closed on March 26 for Ram Navami, and the bids places for the IPO through brokerages will be executed only on March 27.
Non-institutional investors (NIIs) have shown strong interest in the issue, booking 5.2 times their quota, or applying for nearly 17.20 million shares so far.
Qualified institutional buyers (QIBs) have so far subscribed to 78 per cent of their quota, booking for 6.22 million shares. Meanwhile, retail individual investors have subscribed to 56 per cent of their share, applying for 4.30 million shares so far.
Amir Chand IPO: GMP Today
According to multiple websites, the latest GMP of the issue is at Rs. 7 above the price band at the issue. Shares of the company are expected to be listed on the exchanges at a 3.3 per cent gain from the issue price, estimated to list at Rs. 219 per share.
Amir Chand Key Financials
During the first half of the financial year 2025-26, the company earned Rs. 102.12 crore as operating revenue and profit after tax of Rs. 4.87 crore. In FY25, the company’s net profit was at Rs. 6.08 crore, up from Rs. 3.04 crore a year before. Revenue from the operation of the company stood at Rs. 200.16 crore, up from Rs. 154.95 crore in FY24.
Amir Chand IPO: Key Objectives
The company plans to use Rs. 500 crore of net proceeds from the issue towards funding the working capital requirements of the company. The rest of the funds will be used towards general corporate purposes.
