New Delhi, 24 March (H.S.):

The initial public offering of Amir Chand Jagdish Kumar Exports Ltd a prominent basmati rice exporter known for its Airplane brandname kicked off today drawing 37 percent subscription through 13084 applications by noon on Tuesday.

Investors can bid until March 27 with allotment slated for March 30 shares crediting to demat accounts on April 1 and listing on BSE and NSE expected April 2. Priced at a band of 201 to 212 rupees per share the lot size stands at 70 shares requiring a minimum outlay of 14840 rupees for retail investors who can go up to 13 lots or 910 shares for 192920 rupees.

Of the total fresh issue of 20754716 equity shares with 10 rupee face value up to 50 percent is reserved for qualified institutional buyers 35 percent for retail and 15 percent for non-institutional investors. MK Global Financial Services Ltd serves as the book running lead manager while KFin Technologies Ltd acts as registrar.

The companys financials show robust growth per its SEBI filing. Net profit climbed from 17.50 crore rupees in FY23 to 30.41 crore in FY24 and 60.82 crore in FY25 with first half of current year AprilSeptember 2025 at 48.65 crore. Revenue followed suit rising from 1317.86 crore to 1551.42 crore then 2004.03 crore alongside H1 FY26 at 1024.30 crore though debt edged up to 739.74 crore by September 2025 networth hit 440.89 crore and EBITDA reached 105.76 crore in the same period.

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Hindusthan Samachar / Jun Sarkar