Amir Chand's Shares Plunge 8% on Weak Market Debut Amidst West Asia Tensions
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News18•02-04-2026, 10:45
Amir Chand's Shares Plunge 8% on Weak Market Debut Amidst West Asia Tensions
•Basmati rice exporter Amir Chand Jagdish Kumar (Exports) shares debuted with an 8% discount at Rs 195 on BSE.
•Stock extended losses, plunging over 10% on BSE and 12% on NSE, trading at Rs 189.55 and Rs 186.76 respectively.
•The IPO, worth Rs 440 crore, was subscribed 3.23 times, with a price range of Rs 201-212 per share.
•Debut occurred on a day when equity markets crashed, with Sensex down 1,469.54 points and Nifty down 476.65 points, due to escalating West Asia tensions.
•Company plans to use IPO proceeds for working capital and general corporate purposes; known for "Aeroplane" basmati rice brand.
