Amir Chand Jagdish Kumar IPO Subscribed 3.39 Times on Day 3
Last Updated: 27th March 2026 - 05:31 pm
Amir Chand Jagdish Kumar (Exports) Limited's initial public offering (IPO) closed its three-day subscription window at 3.39 times overall subscription by 4:44 PM on Day 3 (March 27, 2026). The ₹440 crore book-build issue, priced at ₹201 to ₹212 per share, received bids for 6,08,44,490 shares against 1,79,24,337 shares on offer, with total applications reaching 1,21,084.
Subscription Status of Amir Chand Jagdish Kumar IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (March 24) | 0.61 | 4.86 | 0.39 | 1.26 |
| Day 2 (March 25) | 0.82 | 5.52 | 0.59 | 1.55 |
| Day 3 (March 27) | 1.18 | 13.39 | 1.42 | 3.39 |
Here are the subscription details for Amir Chand Jagdish Kumar IPO Day 3, as of 4:44 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 28,30,380 | 28,30,380 | 60.00 |
| QIB (Ex-Anchor) | 1.18 | 75,46,978 | 88,68,090 | 188.00 |
| NII | 13.39 | 31,13,208 | 4,16,81,080 | 883.64 |
| Retail | 1.42 | 72,64,151 | 1,02,95,320 | 218.26 |
| Total | 3.39 | 1,79,24,337 | 6,08,44,490 | 1,289.90 |
Key Highlights – Day 3
- Overall subscription reached 3.39 times, more than doubling from Day 2's 1.55 times, driven by a sharp late surge in NII demand on the closing day.
- Non-institutional investors led strongly at 13.39 times, surging from Day 2's 5.52 times, with bNII at 16.04 times and sNII at 8.09 times, reflecting robust HNI appetite for this basmati rice and FMCG IPO.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 1.18 times, improving from Day 2's 0.82 times.
- Retail investors crossed full subscription at 1.42 times, improving sharply from Day 2's 0.59 times.
- Total applications reached 1,21,084 on Day 3.
Key Highlights – Day 2
- Overall subscription reached 1.55 times, improving from Day 1's 1.26 times, with NII demand continuing to drive the issue above full subscription.
- Non-institutional investors maintained strong momentum at 5.52 times, building from Day 1's 4.86 times, with bNII at 6.63 times and sNII at 3.31 times.
- Qualified institutional buyers (ex-anchor) improved to 0.82 times from Day 1's 0.61 times, though participation remained below full subscription.
Key Highlights - Day 1
- Overall subscription crossed full subscription at 1.26 times on Day 1 (March 24, 2026), reflecting strong initial investor interest in this basmati rice and FMCG IPO.
- Non-institutional investors drove opening-day subscription with strong demand at 4.86 times, with bNII at 5.98 times and sNII at 2.63 times on Day 1.
- Qualified institutional buyers (ex-anchor) recorded 0.61 times, indicating moderate institutional participation on the opening day.
- Retail investors showed subdued participation at 0.39 times on Day 1.
- Total applications stood at 39,135 on Day 1.
About Amir Chand Jagdish Kumar (Exports) Limited
Incorporated in 2003, Amir Chand Jagdish Kumar (Exports) Limited is a processor and exporter of basmati rice and other FMCG products, operating under the flagship brand "AEROPLANE" with more than 40 sub-brands. The company operates two manufacturing and processing facilities in Amritsar and Safidon, and a packaging facility in New Delhi, exporting to more than 38 countries across four continents as of February 28, 2026. It held 100 registered trademarks across India and 26 countries, and employed 225 permanent employees as of February 28, 2026.
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