Amir Chand Jagdish Kumar IPO: Apply or Avoid? Here's What Anil Singhvi Thinks The IPO of Amir Chand Jagdish Kumar (Exports) Ltd has attracted bids for 2.32 crore shares, surpassing the net offer by 1.23 times as of 10:30 am. Qualified Institutional Buyers (QIBs) have subscribed to 0.58 times the allocated shares, with 45.98 lakh shares bid out of 79.59 lakh reserved. Retail Individual Investors (RIIs) have booked 0.39 times the allotted shares, with 29.53 lakh shares bid out of 76.61 lakh. Market expert Anil Singhvi, Managing Editor at Zee Business, analyzed the company’s business profile, highlighting both strengths and weaknesses. The firm owns the established rice brand Aeroplane and has 40 years of experience among its promoters. It ranks as the third-largest producer and exporter in revenue terms, with a strong historical growth track record. However, the company faces challenges such as a high debt-to-equity ratio, elevated finance costs, and a low PAT margin of 3% compared to peers. Its valuations are also considered expensive, with other listed stocks trading at lower prices. Additionally, the company is diversifying into high-competition FMCG products, and its top 10 clients account for 64% of total revenue. Singhvi advised investors to approach the IPO cautiously, noting the challenging market environment and the lack of a unique business model. He suggested that low-risk investors might consider buying the stock post-listing, while high-risk investors could apply now with strict stop-loss strategies to protect against potential losses if the stock trades below the IPO price of Rs 212. The Rs 440 crore IPO consists entirely of a fresh issue of 2.08 crore equity shares. At the upper price band of Rs 212 per share, the company’s market valuation is estimated at Rs 2,195.29 crore.#emkay_global #anil_singhvi #zee_business #kfin_technologies #amir_chand_jagdish_kumar
Amir Chand Jagdish Kumar IPO Day 2: GMP, subscription at 1.19x; Should you apply? The Amir Chand Jagdish Kumar Exports IPO opened for subscription on March 25, 2026, with a grey market premium (GMP) hovering around Rs 6-7. This suggests a potential listing price of approximately Rs 219, which could yield an estimated gain of nearly 3% for investors. However, it is important to note that GMP is a speculative indicator and may fluctuate as the IPO progresses. As of Day 2, the IPO has attracted subscription at 1.19 times the issue size. The company has fixed a price band of Rs 201 to Rs 212 per share, with retail investors required to apply for a minimum of one lot comprising 70 equity shares, totaling Rs 14,840. The IPO consists entirely of a fresh issue aggregating up to Rs 440 crore. On the first day of subscription, the company raised Rs 60 crore from three anchor investors. The issue allocation is structured with 50% reserved for Qualified Institutional Buyers (QIBs), up to 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). The IPO is set to close on March 27, 2026, and the company is expected to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on April 2, 2026. Financially, the company reported revenue from operations of Rs 1,021 crore in the first half of fiscal year 2026 (H1FY26), with a profit after tax (PAT) of Rs 49 crore. For fiscal year 2025 (FY25), revenue reached Rs 2,002 crore, reflecting growth from Rs 1,550 crore in FY24 and Rs 1,316 crore in FY23. PAT for FY25 stood at Rs 61 crore, up from Rs 30 crore in FY24 and Rs 17 crore in FY23. The company plans to utilize Rs 400 crore of the net proceeds to fund working capital requirements.#national_stock_exchange #amir_chand_jagdish_kumar_exports #emkay_global_financial_services #keynote_financial_services #kfin_technologies
