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.
The price band is set between ₹201 and ₹212 per share, with a minimum investment of ₹14,840 required for retail investors. The lot size for an application is 46 shares.
As of now, the overall subscription status stands at 1.27 times. Qualified Institutional Buyers (QIBs) have subscribed 0.58 times, while Non-Institutional Investors (NIIs) show a strong interest at 4.82 times. Retail Individual Investors (RIIs) are lagging behind, subscribing only 0.46 times.
The Grey Market Premium (GMP) for the IPO is ₹7 over the IPO price, indicating a positive sentiment among investors. The IPO is set to close on March 27, 2026.
Looking ahead, the basis of allotment will be finalized by March 30, 2026, with a tentative listing date on the NSE and BSE scheduled for April 2, 2026. The company plans to utilize ₹400 crore towards funding working capital requirements.
As the subscription period progresses, market watchers are keenly observing the trends and responses from various investor segments. The current subscription rates reflect a mixed response, particularly from retail investors.
Details remain unconfirmed regarding the final allotment numbers, but the interest from NIIs suggests a robust backing for the IPO.
With the closing date approaching, all eyes will be on the final subscription figures and the market’s reaction to the listing in early April.
