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Amir Chand Jagdish Kumar (Exports) IPO Review

Amir Chand Jagdish Kumar (Exports) IPO has been reviewed by 12 analysts, and the overall consensus is May Apply — carrying a score of 58. Out of the 12 analysts who have covered this IPO, 6 recommend subscribing while 6 advise caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹201 - 212 per share, with a minimum application size of 70 shares (minimum investment of approximately ₹14,840 at the upper band). Subscription ran from 24 Mar 2026 to 27 Mar 2026. The issue size is ₹440 crore, entirely a fresh issue. As of now, the grey market premium (GMP) for Amir Chand Jagdish Kumar (Exports) IPO is quoting at ₹3 (1%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
58/ 100
May Apply 6 of 12 recommend subscribing
How analysts voted
Apply 6
Neutral 1
Avoid 5
Not rated 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Amir Chand Jagdish Kumar (Exports) processes and exports premium basmati rice under the flagship Aeroplane brand, with over four decades of legacy. Revenue was ₹2,004.03 crore in FY25 and ₹1,024.30 crore for the half year to September 2025. Views were split: six of the fourteen analysts said subscribe and five said avoid.

Listing gains

The notes value the issue between about 22.6 and 28.4 times earnings at the ₹212 upper band. Those recommending subscribe call that acceptable for a branded staples business; the avoid ratings treat it as too high for a rice processor. That even division pointed to a muted listing rather than a strong one.

Short-term strategy

Cash generation has been uneven, with net cash from operating activities swinging between negative and positive across recent periods. EBITDA was ₹163.65 crore in FY25 and ₹105.76 crore in the September 2025 half year. Rice processing ties up working capital in inventory, which is the main near-term pressure point.

Long-term strategy

The positive notes are explicitly long term, resting on four decades of brand trust in Aeroplane, pricing power from customer loyalty, underutilised capacity that can drive operating leverage, and a strategy of deepening domestic penetration. The bearish view is that branded staples remain competitive and the multiple already assumes success.

How this is written: an AI-assisted summary of the 14 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Amir Chand Jagdish Kumar (Exports) IPO?

The analyst consensus for Amir Chand Jagdish Kumar (Exports) IPO tracked on this page is May Apply, with a score of 58/100. Out of 12 analysts who have reviewed this IPO, 6 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 58 mean for Amir Chand Jagdish Kumar (Exports) IPO?

The score of 58 is an aggregate of all analyst ratings tracked for Amir Chand Jagdish Kumar (Exports) IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Read the individual analyst verdicts above for more context.

What was the actual listing price of Amir Chand Jagdish Kumar (Exports) IPO?

Amir Chand Jagdish Kumar (Exports) IPO listed on April 2, 2026 at ₹200, against the issue price of ₹212 — a loss of -5.66% (₹12 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Amir Chand Jagdish Kumar (Exports) IPO?

Amir Chand Jagdish Kumar (Exports) IPO was priced at ₹201 - 212 per share. The minimum lot size is 70 shares, making the minimum investment approximately ₹14,840 at the upper end of the price band. Subscription ran from 24 Mar 2026 to 27 Mar 2026.

Explore Amir Chand Jagdish Kumar (Exports) IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Amir Chand Jagdish Kumar (Exports) IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
May Apply
Score
58 / 100
Listed at
₹200
Full IPO details