Fragrance of Basmati, Opportunity to Invest: ‘Aeroplane’ IPO Set to Open

Mumbai : Having established a strong presence in the basmati rice and FMCG sector, Amir Chand Jagdish Kumar (Exports) Limited is now set to take a new flight in the capital markets. The company’s ₹4,400 million (approximately ₹440 crore) Initial Public Offering (IPO) will open on March 24, 2026, and remain available for subscription until March 27, 2026, while anchor investor bidding is scheduled for March 23.

With a price band of ₹201 to ₹212 per equity share, the issue is entirely a fresh issue aimed primarily at meeting working capital requirements and accelerating corporate expansion. Investors can apply for a minimum of 70 shares.

A key strength of the company lies in its fully integrated value chain—from procurement and processing to marketing. Under its “Aeroplane” brand, the company offers not only basmati rice but also everyday essentials such as wheat flour, maida, semolina, gram flour, salt, and sugar. With nearly 100 trademarks and a strong global presence, the company is now gearing up to scale new heights through this IPO-driven expansion strategy.