Quick Stats
Listing Price
200
(-5.66%)
Subscription
3.23x
Allotment Status
Out
Last Updated
02-04-2026 11:07 AM
Amir Chand Jagdish Kumar IPO – Live GMP, Review & Analysis
Amir Chand Jagdish Kumar IPO GMP Today - ₹5 (2.36%)
Last updated: 02-04-2026 10:00 AM
Grey Market Premium Analysis
As of today, the latest Grey Market Premium (GMP) for Amir Chand Jagdish Kumar IPO is ₹5. Considering the upper price band of ₹212, the estimated listing price is ₹217 (Cap Price + GMP). This indicates a listing gain of 2.4% per share. The GMP trend has been Up over the last 3 days.
GMP Trend Analysis
| Date | GMP Price | Est. Listing Gain | Trend |
|---|---|---|---|
| 02-04-2026 | 5 | ₹350 | Up |
| 01-04-2026 | 3 | ₹210 | Up |
| 31-03-2026 | 1.5 | ₹105 | Down |
| 30-03-2026 | 2 | ₹140 | Down |
| 29-03-2026 | 2.5 | ₹175 | Neutral |
| 28-03-2026 | 2.5 | ₹175 | Down |
| 27-03-2026 | 8 | ₹560 | Neutral |
Amir Chand Jagdish Kumar IPO Date, Price Band & Lot Size
Price Band
201-212
Lot Size
70 shares
Cutoff Investment
14840
Promoter Holding
Open
Mar 24, 2026
Close
Mar 27, 2026
Allotment Date
Mar 30, 2026
Listing Date
Apr 2, 2026
Issue Size
440
Amir Chand Jagdish Kumar IPO Review: Business Model
*This section provides a detailed description of Amir Chand Jagdish Kumar IPO's business operations and market position.
Amir Chand Jagdish Kumar IPO Financial: Revenue, Profit & Margins
Key financial metrics over recent years.
*Values in Cr
Revenue
₹2,002 Cr
Net Profit
₹61 Cr
EBITDA
₹164 Cr
ROE
18%
ROCE
14%
Debt/Equity
2x
PAT Margin
3%
Peer Comparison
Basmati Rice Processing, Export & FMCG — Food & Agri Processing (Mainboard) • FY25
| Company | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA Margin | P/E | Market Cap (₹ Cr) | Comment |
|---|---|---|---|---|---|---|
Amir Chand Jagdish Kumar (Exports) Limited (IPO Company) IPO Company | 2,001.65 | 60.82 | 8.18% | 22.56 | 2,195.29 | Processes and exports basmati rice and FMCG staples under the flagship 'Aeroplane' brand and 40+ sub-brands. Operations are integrated across procurement, processing, and distribution, with exports to 38+ countries. Revenue is primarily derived from basmati rice, with a smaller contribution from kitchen staples such as atta, maida, besan, and sugar. |
LT Foods Limited | 8,770 | 612 | 12.20% | 22.94 | 13,361 | Operates as a global FMCG player in the branded basmati rice and specialty rice segment, with products sold under the 'Daawat' and 'Royal' brands across domestic and international markets. Derives revenues from both India and international geographies, with a significant branded and packaged food business that operates at a different scale and product mix compared to purely export-focused peers. |
KRBL Limited | 5,482 | 600 | 12.06% | 17.00 | 6,938 | One of India's largest exporters of branded basmati rice, operating under the 'India Gate' brand with the largest rice milling facility in Punjab. The business spans domestic and international markets with significant contract farming relationships and aging/maturing rice inventory as part of its production model — a characteristic that differentiates its working capital dynamics from smaller processors. |
Chaman Lal Setia Exports Limited | 1,200 | 50 | 9.50% | 14.30 | 1,458 | A basmati rice processor and exporter operating under the 'Maharani' brand, with a primary focus on export markets in the Middle East and Europe. Operates at a comparable revenue scale to the IPO company, though its business is more narrowly concentrated in the basmati rice segment without a significant parallel FMCG staples portfolio. |
GRM Overseas Limited | 1,850 | 35 | 5.90% | 11.79 | 420 | Engaged in the processing and export of basmati and non-basmati rice under the '10X' brand, with operations focused largely on export-oriented commodity rice volumes. Operates at thinner EBITDA margins compared to branded peers, reflecting a product mix that is more commodity-skewed and less branded — a distinction that influences both margin profile and valuation multiples relative to the broader peer group. |
Analysis & Interpretation
The peer group in the basmati rice processing and export sector spans companies with materially different scale, brand equity, geographic exposure, and product mix — ranging from large global FMCG players like LT Foods with consolidated revenues of ₹8,770 crore to smaller commodity-oriented exporters like GRM Overseas at ₹1,850 crore. EBITDA margins across this group vary from 5.90% to 12.20%, reflecting differences in branded versus commodity revenue mix, inventory aging models, and geographic sales channels rather than operational efficiency alone. P/E multiples range from 11.79x to 22.94x, with the spread attributable to factors such as brand strength, revenue diversification, scale of international operations, and the proportion of value-added products in the revenue mix. The IPO company's EBITDA margin of 8.18% and P/E of 22.56x positions it in the middle of this peer range on margin but at the higher end on valuation — a comparison that should be read in the context of differing business models, commodity exposures, and revenue scale across each entity in this peer set.
Note: The peer group includes companies with different business models, brand positioning, geographic revenue exposure, and commodity concentration. LT Foods and KRBL operate at a significantly larger scale with a more established international branded presence. Financial metrics are provided for sectoral context only and may not represent direct business equivalence. All market capitalisation figures are as of available data closest to March 2026.
Source: Company annual reports, BSE and NSE exchange filings, and publicly available financial data (FY25). IPO company data sourced from the RHP filed with SEBI.
This peer comparison is for informational purposes only and is based on publicly available financial data. It does not constitute investment advice or a recommendation to buy or sell any security. Investors are advised to read the RHP carefully and consult a SEBI-registered investment advisor before making any financial decisions.
IPO Objectives (Use of Funds)
Working Capital Funding
₹400 Cr(90.91%)To fund incremental working capital requirements for procurement of basmati paddy and business operations.
General Corporate Purposes
Balance(9.09%)Allocation for brand building, strategic initiatives, and meeting various corporate exigencies.
Note: Objectives are as per offer documents. Utilisation may vary.
Source: RHP
For informational purposes only.
Anchor Investor List & Allocation Details
Key institutional investors who subscribed to the IPO prior to opening.
| Investor Name | Category | Shares Allocated | Amount (Cr) |
|---|---|---|---|
| Rajasthan Securities | FPI | 18,86,850 | ₹40.00 Cr |
| Lords Multigrowth Fund | FPI | 4,71,730 | ₹10.00 Cr |
| Chanakya Fund I | AIF | 4,71,800 | ₹10.00 Cr |
SWOT Analysis (Pros & Cons)
Comprehensive analysis of Strengths, Weaknesses, Opportunities, and Threats.
Strengths
- •Over forty years of operational experience in the rice industry.
- •Strong presence of flagship brand Aeroplane in international markets.
- •Strategic location of processing facilities near major paddy belts.
- •Established distribution network reaching more than thirty-eight countries.
Weaknesses
- •Significant dependence on seasonal credit for procurement of paddy.
- •High revenue concentration from exports to the Middle East region.
Opportunities
- •Increasing global demand for premium branded Indian Basmati rice.
- •Strategic expansion of product portfolio into untapped international geographies.
Threats
- •Potential impact of fluctuating raw material prices on profitability.
- •Changes in international trade policies and export-import regulations.
- •Operational risks from units located in non-conforming industrial areas.
IPO Video Analysis (External)
Detailed analysis of Amir Chand Jagdish Kumar IPO Analysis by market experts.
*Video embedded for convenience. Click the play button to load the content from YouTube.
Disclaimer: This video is shared for informational and educational purposes only. The views expressed are those of the respective creator and do not constitute investment advice.