Summary of this article
IPO subscribed 2.82 times overall as of 2:42 PM on the final day of bidding
Allotment is likely to be finalised on March 30, 2026
GMP stood at Rs 6.50 per share, indicating positive listing prospect
Processor and exporter of basmati rice Amir Chand Jagdish Kumar (Exports) Limited's initial public offering (IPO) has managed to sail through on the third and the final day of subscription, March 27, 2026. The public issue had opened for bidding on March 24.
Meanwhile, the grey market premium (GMP) of the company's shares in the unofficial market suggests a positive listing prospect.
Investors can bid for its shares until 5:00 PM today. However, it is worth noting that some brokers and banks stop accepting applications on the last day between 2:00 PM and 4:30 PM to ensure they have time to process and upload bids before the 5:00 PM exchange deadline.
Incorporated in 1985, Amir Chand Jagdish Kumar processes and exports basmati rice and other FMCG products under its trademarked brand 'Aeroplane'.
Amir Chand Jagdish Kumar IPO Details: Issue Size, Price Band
Amir Chand Jagdish Kumar aims to raise Rs 440 crore through an entirely fresh issue of 20.75 million equity shares.
The price band has been fixed at Rs 201–212 per share and investors can bid in a lot size of 70 equity shares. At the upper price band, retail investors will need to commit a minimum of Rs 14,840 to apply for one lot.
Emkay Global Financial Services and Keynote Financial Services are the bankers managing the issue, while Kfin Technologies is acting as the registrar.
Amir Chand Jagdish Kumar IPO Allotment, Listing Date
The allotment for the Amir Chand Jagdish Kumar IPO is likely to be finalised on March 30, 2026.
Post the allotment process, successful bidders will get shares credited to their demat accounts on April 1, and unsuccessful bidders will get refund on the same day.
Amir Chand Jagdish Kumar IPO Subscription Status: Day 3
The Amir Chand Jagdish Kumar IPO has been overall subscribed by 2.82 times the total offer size, as of 2:42 PM on final day.
Qualified Institutional Buyers (QIBs) booked the issue 1.04 times their reservation, while retail investors placed bids 1.13 times their quota. On the other hand, Non-Institutional Investors (NIIs) subscribed the issue 11.19 times.
Amir Chand Jagdish Kumar IPO GMP Today
Amir Chand Jagdish Kumar IPO's GMP stood at Rs 6.50 per share over the issue price.
Given the current GMP, and the upper end of the price band, Rs 212, the estimated listing price of its shares is Rs 218.50, which translates into a potential listing gain of 3.07 per cent.
