The Amir Chand Jagdish Kumar Exports IPO is making headlines as it enters its second day of subscription on March 25, 2026. This ₹440 crore book-building issue consists entirely of a fresh issue of 2.08 crore shares, with a price band set between ₹201 and ₹212 per share.
As of today, the overall subscription status stands at 1.27 times. Qualified Institutional Buyers (QIBs) have subscribed 0.58 times, while Non-Institutional Investors (NIIs) have shown a strong interest, subscribing 4.82 times. However, Retail Individual Investors (RIIs) have subscribed only 0.46 times, indicating a varied interest among different investor categories.
The lot size for an application is 46 shares, which means the minimum investment required for retail investors is ₹14,840. The IPO is scheduled to close on March 27, 2026, with the basis of allotment expected to be finalised by March 30, 2026.
Investors are also keeping an eye on the Grey Market Premium (GMP), which currently stands at ₹7 over the IPO price. This figure often serves as an indicator of market sentiment regarding the IPO’s performance post-listing.
The tentative listing date for the shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is April 2, 2026. The company plans to utilise ₹400 crore of the proceeds towards funding working capital requirements, which is crucial for its operational efficiency.
As the IPO progresses, the varying subscription rates among different investor categories highlight the market’s mixed sentiment. The strong interest from NIIs contrasts with the lower engagement from RIIs, suggesting that institutional investors may have more confidence in the company’s prospects.
Details remain unconfirmed regarding the final subscription figures as the closing date approaches, but the current trends indicate a cautious optimism among investors.
