Basmati rice exporter Amir Chand mobilises Rs 60 crore from anchor investors Basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd raised Rs 60 crore from anchor investors ahead of its initial public offering (IPO) launch. The funds involved include Rajasthan Global Securities, Lords Multigrowth Fund, and Chanakya Opportunities Fund I, as disclosed in a circular uploaded on the BSE website. The company allotted 28,30,380 equity shares to these investors at Rs 212 per share, matching the IPO’s upper price band. This transaction totals Rs 60 crore. The company’s Rs 440 crore IPO, which opens for subscription on March 24 and closes on March 27, has a price band of Rs 201-212 per share. This valuation places the company at Rs 2,200 crore. The IPO consists solely of a fresh issue of equity shares, with no offer-for-sale component. The firm, based in Haryana, plans to use the proceeds for working capital and general corporate purposes. The Securities and Exchange Board of India (SEBI) approved the IPO in October 2025. The offer size was reduced from the original Rs 550 crore proposed in the Draft Red Herring Prospectus (DRHP) filed in June 2025. Prior to the public issue, the company raised Rs 13 crore in a pre-IPO round by issuing 7.55 lakh shares at Rs 172 per share. Amir Chand Jagdish Kumar (Exports) Ltd is a processor and exporter of basmati rice, marketing its products under the "Aeroplane" brand. It competes with major players like KRBL Ltd, LT Foods, and Sarveshwar Foods, as well as smaller unorganized processors. The company has expanded into FMCG products, offering staples and kitchen essentials. For the nine-month period ending December 31, 2024, the company reported revenue from operations of Rs 1,421.3 crore and a profit after tax of Rs 48.#sebi #amir_chand_jagdish_kumar_exports #rajasthan_global_securities #lords_multigrowth_fund #chanakya_opportunities_fund_i
