Amir Chand Jagdish Kumar Shares Debut at ₹200, Down 5.6% from IPO Price
Amir Chand Jagdish Kumar share price lists at ₹200 on NSE, down 5.6% from IPO price
Mint
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Amir Chand Jagdish Kumar (Exports) Ltd. shares began trading at ₹200 on the National Stock Exchange (NSE) on April 2, 2026, reflecting a 5.6% decline from its IPO price of ₹212. The company's IPO was subscribed 3.23 times, but the listing fell short of market expectations based on grey market premiums.
- 01Shares listed at ₹200 on NSE, down 5.6% from IPO price.
- 02Debuted at ₹185 on BSE, an 8% drop from the issue price.
- 03IPO was subscribed 3.23 times overall.
- 04Company raised ₹440 crore through the IPO.
- 05Amir Chand Jagdish Kumar specializes in basmati rice and FMCG products.
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Amir Chand Jagdish Kumar (Exports) Ltd. made its stock market debut on April 2, 2026, with shares listing at ₹200 on the National Stock Exchange (NSE), which is a 5.6% decrease from its initial public offering (IPO) price of ₹212. On the Bombay Stock Exchange (BSE), the shares opened at ₹185, reflecting an 8% decline from the issue price. The IPO, which was available for bidding from March 24 to March 27, 2026, was subscribed 3.23 times overall, with retail individual investors (RIIs) subscribing 1.36 times and non-institutional investors (NIIs) subscribing 12.71 times. The company raised ₹440 crore through the offering, which consisted entirely of a fresh issue of 2.08 crore equity shares. The proceeds are earmarked for working capital and business expansion. Established in 2003, Amir Chand Jagdish Kumar (Exports) Ltd. is involved in the processing and export of basmati rice and various fast-moving consumer goods (FMCG). The company has a comprehensive presence in the basmati rice value chain and operates under the trademarked brand “AEROPLANE.”
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The muted listing performance may affect investor confidence in Amir Chand Jagdish Kumar (Exports) Ltd., potentially impacting future capital raising efforts and market perception.
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