Amir Chand IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2022 | 2023 | 2024 | Dec 2024 |
|---|---|---|---|---|
| Revenue | 1,230.29 | 1,317.86 | 1,551.42 | 1,423.28 |
| Expense | 1,207.59 | 1,294.62 | 1,512.10 | 1,359.16 |
| Profit (PAT) | 17.16 | 17.50 | 30.41 | 48.78 |
| Total Assets | 1,131.96 | 1,089.06 | 1,283.53 | 1,575.93 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| LT Foods Limited | 27.87 | 17.09 | 19 |
| KRBL Limited | 14.48 | 25.69 | 12 |
| Chaman Lal Setia Exports Limited | 16.28 | 22.36 | 17 |
| GRM Overseas Limited | 28.87 | 10.12 | 20 |
| Sarveshwar Foods Limited | 43.28 | 5.14 | 7 |
Promoters: Jagdish Kumar Suri, Rahul Suri and Ramnika Suri
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 8,27,96,840 | 99.44% |
| Promoter Holding Post Issue | 10,35,51,556 | 78.78% |
Company Information
Since its foundation in 2003, Amir Chand Jagdish Kumar has been one of the leading processors and exporters of basmati rice and FMCG products in India. From buying, storing, processing, marketing, to selling, the firm is involved in managing the entire process of basmati rice. The firm runs its business with 2 segments, 1. Rice, which includes Basmati rice, kolam rice, sona masuri, idli rice, and ponni rice. 2. FMCG, which consists of packaged food products like aata, maida, sooji, besan, salt, and sugar. As per the draft papers, Amir Chand Jagdish Kumar (Exports) Limited has registered 100 trademarks, 70 in India and 30 in 26 foreign countries across Europe, Asia, and Africa. Its rice products are sold both internationally and domestically, while its FMCG products are sold domestically. As of now, its products are exported to more than 37 countries. Unit I is located in Amritsar (Punjab), and Unit II is located in Safidon.
| Purpose | Amount (Cr) |
|---|---|
| Funding working capital requirements of the Company | - |
| General Corporate Purpose | - |
Resources & Documents
Amir Chand Jagdish Kumar (Exports) Ltd. Address, 2735, Shop No. 9,, Mohan Lal Palace,, Naya Bazar, New Delhi, New Delhi, 110006
Amir Chand has set a price band of Rs 201–Rs 212 per share for an issue size of Rs 440 crore. The stock listed with a 5.66% discount versus its issue price on April 02, 2026.
Since its foundation in 2003, Amir Chand Jagdish Kumar has been one of the leading processors and exporters of basmati rice and FMCG products in India. From buying, storing, processing, marketing, to selling, the firm is involved in managing the entire process of basmati rice.
The issue is promoted by Jagdish Kumar Suri, Rahul Suri and Ramnika Suri with Emkay Global Financial Services Ltd., Keynote Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding working capital requirements of the Company and General Corporate Purpose.
Grey market is quoting a premium of +Rs 5 (+2.4% over issue price), down Rs 2 from the previous session. Final subscription data records overall subscription at 3.23x, retail at 1.36x, QIB at 1.11x, NII at 12.71x.
On fundamentals, the company is posting revenue growth of 17.7%, a profit margin of 2.0%, return on equity of 10.3% in its most recent reported period. Listed peers in this segment include GRM Overseas Limited (P/E 28.87x, market cap Rs 20 crore) and LT Foods Limited (P/E 27.87x, market cap Rs 19 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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