Amir Chand Jagdish Kumar Exports IPO

About Amir Chand Jagdish Kumar Exports

Amir Chand Jagdish Kumar (Exports) is a processor and exporter of basmati rice and FMCG products based in India. The company operates with fully integrated operations across the basmati rice value chain, including procurement, storage, processing, marketing and sales from three manufacturing facilities in Punjab, Haryana and New Delhi with a combined installed capacity of 550,800 MT.
The company markets products under its flagship “AEROPLANE” brand with over 40 sub-brands across multiple price segments. Products are categorized into rice (basmati and speciality varieties like kolam, sona masuri, idli and ponni rice) and FMCG (wheat flour, refined flour, gram flour, salt, sugar and other kitchen essentials). With over four decades of industry experience, the company serves both domestic and international markets through 425 distributors in India and 50 distributors across 37+ countries in four continents.
The company operates under ISO 22000:2018 food safety management system and HACCP accreditation, procuring basmati paddy through an extensive network of 325 procurement agents across northern India’s agricultural markets.

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Financials of Amir Chand Jagdish Kumar Exports

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Issue size

Funds Raised in the IPO	Amount
Overall	₹550 crores
Fresh Issue	₹550 crores

Utilisation of proceeds

Purpose	INR crores
Working capital requirements	500.00 (90.91%)
General Corporate Purposes	–

Strengths

• Strong legacy brand with wide recall and premium positioning.
• Strong procurement network and strategic location driving cost and supply efficiencies.
• Integrated value chain with strong quality controls.
• Pan-India distribution network driving market reach.
• The company has a strong global footprint with Middle East focus.
• Consistent growth with improving financial metrics.
• Experienced promoters with deep industry expertise.

Risks

• The company heavily depends on basmati paddy; price and supply issues could hurt.
• Seasonal procurement and ageing cycle drive high working capital and financing needs.
• Packaging units in non-conforming zones pose regulatory and relocation risks.
• Dependence on agents without long-term contracts poses raw material procurement risk.
• Heavy reliance on exports makes business sensitive to changing government trade policies.
• Failure to meet quality standards may hurt business.
• Heavy dependence on top customers poses revenue risk.

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