Rajasthan Global Securities, Lord’s Multigrowth Fund and Chanakya Opportunities Fund I are the anchor investors, according to a circular uploaded on the BSE website.
The company has allocated these funds to Rs. 212 has allotted 28,30,380 equity shares, which is also the upper price band of the IPO. This brings the transaction size to Rs. 60 crores.
Company’s Rs. 440 crore maiden public offering (IPO) will open for subscription on March 24 and close on March 27. The company is valued at Rs. 2,200 crore with a price band of Rs. 201-212 per share has been fixed.
The Haryana-based company’s proposed IPO will be a fresh issue of equity shares, with no offer-for-sale (OFS) component.
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The company, known for its “Airplane” basmati rice brand, plans to use the net proceeds from the issue to fund its working capital requirements and general corporate purposes.
The Securities and Exchange Board of India (SEBI) approved the IPO in October 2025.
In the draft red herring prospectus (DRHP) filed in June 2025, the proposed Rs. 550 crore issue size by reducing the offer size to Rs. 440 crore has been made.
Ahead of the public issue, the company raised a pre-IPO round of Rs. 172 by allotting 7.55 lakh shares at Rs. 13 crore was raised.
Amirchand Jagdish Kumar (Exports) Ltd. is a processor and exporter of basmati rice in India. The company markets its products under the flagship brand “Aeroplane”. It competes with other major basmati rice companies including KRBL Limited, LT Foods and Sarveswar Foods and various other unorganized processors.
Apart from its core basmati rice business, the company has diversified into FMCG products, offering staples and other kitchen essentials.
For the nine-month period ended December 31, 2024, the company recorded Rs. 1,421.3 crore in income from operations and Rs. It reported a profit after tax of 48.77 crores.
Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors, the company said.
The basmati rice exporter will enter the stock market on April 2.
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