Amir Chand Jagdish Kumar share price: Shares of basmati rice exporter Amir Chand Jagdish Kumar (Exports) Limited were listed at ₹200 apiece on the National Stock Exchange (NSE) on Thursday, April 2.
This reflects a discount of 5.66% against the IPO issue price of ₹212 per share.
On the BSE, the stock started trading at ₹195, down 8.02% from the issue price.
Amir Chand Jagdish Kumar share price: How much investors made per lot
A lot consisted of 70 shares. Investors who received Amir Chand Jagdish Kumar IPO allotment saw their investment value drop to ₹14,000 per lot.
The ₹440 crore initial public offering was only a fresh issuance of 2.08 crore shares, with no offer for sale (OFS) component. The money raised will be utilised for funding working capital requirements and corporate general purposes.
The initial public offering was subscribed 3.23 times, with bids for 6,10,40,560 shares as against 1,89,05,270 shares on offer, according to the NSE data.
| Category | Reserved | No of Shares Bid For | No of Times |
|---|---|---|---|
| Qualified Institutional Buyers | 79,59,995 | 88,68,090 | 1.11 |
| Non-Institutional Investors | 32,83,583 | 4,17,20,280 | 12.71 |
| Retail Investors | 76,61,692 | 1,04,52,190 | 1.36 |
| Total | 1,89,05,270 | 6,10,40,560 | 3.23 |
Amir Chand Jagdish Kumar (Exports) Ltd processes and exports of basmati rice and other fast-moving consumer goods, or FMCG, products in India. It runs fully integrated operations across the basmati rice value chain, including procurement, processing, storage, marketing and sales.
Before the IPO, the firm allocated shares worth ₹60 crore to anchor investors, including Chanakya Opportunities Fund I, Rajasthan Global Securities Pvt Ltd and Lords Multigrowth Fund.