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Amir Chand's Basmati Rice Export IPO Oversubscribed 3.23 Times

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Amir Chand IPO Soars: Basmati Exporter's Share Sale Subscribed 3.23 Times

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News18•27-03-2026, 19:30

Amir Chand IPO Soars: Basmati Exporter's Share Sale Subscribed 3.23 Times

•Basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd's IPO received 3.23 times subscription on its final day.
•The Rs 440-crore initial public offering garnered bids for over 6.10 crore shares against 1.89 crore shares on offer.
•Non-institutional investors subscribed 12.71 times, retail investors 1.36 times, and qualified institutional buyers 1.11 times.
•The company, known for its "Aeroplane" basmati rice brand, aims to fund working capital and general corporate purposes.
•Amir Chand Jagdish Kumar (Exports) Ltd competes with major basmati rice companies like KRBL Ltd and LT Foods.

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