Aeroplane Brand Owner Amir Chand Jagdish Kumar Files ₹4,400 Million IPO at ₹201–₹212 Band
From Rice to FMCG: Amir Chand Jagdish Kumar Bets Big on Markets with ₹4,400 Million IPO
Export-Driven Growth Story: Amir Chand Jagdish Kumar Opens ₹4,400 Million IPO This Week
“We Built an Integrated Value Chain,” Says Director Rahul Suri Ahead of ₹4,400 Million IPO
Basmati Player Amir Chand Jagdish Kumar Exports Set to Hit Markets with ₹4,400 Million IPO
Bilkul Bazaar
Ahmedabad | 21 March 2026
In a market where branded staples are steadily gaining investor attention, Ahmedabad played host to the announcement of yet another FMCG-linked public issue. Amir Chand Jagdish Kumar (Exports) Limited, a prominent basmati rice processor and exporter, is stepping into the capital markets with a ₹4,400 million IPO, aiming to ride India’s growing appetite for packaged food brands and global agri-exports.
The IPO comprises a fresh issue aggregating to ₹4,400 million and is priced in the band of ₹201 to ₹212 per equity share. The issue will open on March 24, 2026, and close on March 27, 2026, with anchor investor bidding scheduled for March 23, 2026. Investors can bid for a minimum of 70 equity shares and in multiples thereafter. The company is proposed to be listed on the BSE and NSE. KFin Technologies has been appointed as the registrar to the issue, while Emkay Global Financial Services and Keynote Financial Services are acting as the book running lead managers.
IPO Snapshot
- Issue Size: ₹4,400 million (fresh issue)
- Price Band: ₹201 – ₹212 per share
- IPO Opens: March 24, 2026
- IPO Closes: March 27, 2026
- Anchor Bidding: March 23, 2026
- Lot Size: 70 shares (and multiples thereafter)
- Listing: BSE & NSE
- Registrar: KFin Technologies
- BRLMs: Emkay Global Financial Services, Keynote Financial Services
Key Highlights
- Fully integrated basmati rice player with presence across procurement to export
- Export footprint across 38+ countries
- Diversified FMCG portfolio including atta, maida, besan, and staples
- Flagship brand “Aeroplane” with 100+ trademarks globally
- Strong financial growth with revenue rising to ₹20,016.47 million (FY25)
The company stands out as a fully integrated basmati rice player with operations spanning procurement, storage, processing, marketing, and exports. It has built a strong international footprint, exporting to more than 38 countries across four continents. Alongside its core rice business, the company has diversified into FMCG staples including atta, maida, besan, sooji, salt, and sugar. Its flagship brand “Aeroplane,” supported by over 100 trademarks globally, caters to a wide range of consumer segments. The company has also demonstrated strong financial growth, with revenue rising to ₹20,016.47 million in FY25.
In a move that reflects growing investor interest in agri-linked FMCG businesses, the announcement event in Ahmedabad brought together company leadership and market intermediaries, offering insights into the firm’s strategy and outlook.
Addressing the media, Director Rahul Suri said, “Our journey has been about building a fully integrated value chain in basmati rice while simultaneously expanding into FMCG staples. This dual strategy has helped us diversify revenue streams and strengthen our brand presence.”
The proceeds from the issue will primarily be utilized towards working capital requirements and general corporate purposes. Rajesh Swarup, Corporate Finance and Investor Relations, highlighted the importance of capital infusion to support the company’s next phase of growth amid rising demand in both domestic and international markets.
Market participants associated with the issue also expressed confidence. Vinay Nair of Emkay Global Financial Services noted that the company’s strong export presence and brand-driven strategy position it well within the evolving FMCG and agri-export landscape. Rakesh Choudhari, Managing Director of Keynote Financial Services, added that companies combining traditional agri strengths with branded offerings are increasingly resonating with investors.
Amir Chand Jagdish Kumar (Exports) Limited operates three manufacturing and processing facilities located in Punjab, Haryana, and New Delhi. The company continues to strengthen its presence across both domestic and export markets, leveraging its integrated operations and diversified product portfolio.
Financially, the company has shown robust performance, with revenue increasing from ₹13,158.48 million in FY23 to ₹20,016.47 million in FY25. Profit after tax also rose significantly from ₹174.96 million to ₹608.22 million during the same period, reflecting improved scale and operational efficiencies.
With a combination of export strength, brand expansion, and diversification into FMCG staples, the upcoming IPO is expected to attract strong investor interest as it taps into India’s evolving food and agri-business opportunity.
Disclaimer: This report is for educational purposes only and not investment advice. Please consult a financial advisor before investing in any IPO.
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