Amir Chand Jagdish Kumar (Exports)' IPO saw solid investor participation on its final day, with subscription reaching 3.23 times on March 27. Bids were placed for 6,10,40,560 shares against 1,89,05,270 shares offered. The NII category recorded strong traction at 12.71 times, retail demand stood at 1.36 times, and QIBs subscribed 1.11 times.
Share allotment is expected to be finalised on March 30. The company will transfer shares to the demat accounts of successful bidders on April 1 and refunds for non-allottees will be done on the same day. The shares of Amir Chand Jagdish Kumar (Exports) are scheduled to list on the BSE and NSE on April 2.
The Amir Chand Jagdish Kumar (Exports) IPO was a book build issue of Rs 440 crore. It comprises a fresh issue of 2.08 crore shares. The price band for the IPO was fixed at Rs 201 to Rs 212 per share.
Amir Chand Jagdish Kumar (Exports) processes and exports basmati rice, notably under its flagship brand "Aeroplane". Other brands include La-Taste, Alibaba, and World Cup.
The company will use proceeds from the IPO to fund working capital requirements and for general corporate purposes.
Investors who participated in the IPO can check the allotment status on the websites of BSE, NSE and the issue registrar, KFin Technologies.
Steps To Check Amir Chand Jagdish Kumar IPO Allotment Status On BSE
Visit the BSE IPO allotment page here.
Choose the issue type as “Equity”.
Select “Amir Chand Jagdish Kumar Ltd.” from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the Captcha for verification.
Click on the “Search” button to check your allotment status.
Steps To Check Amir Chand Jagdish Kumar IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select “Equity & SME IPO bid details”.
Pick the company symbol "AMIRCHAND" from the dropdown list.
Enter your PAN and Application Number.
Click “Submit” to check your share allotment status.
Steps to Check Amir Chand Jagdish Kumar IPO Allotment Status On KFin Technologies
Visit the KFinTech IPO allotment page here.
From the dropdown menu, choose “Amir Chand Jagdish Kumar Ltd.” as the IPO name.
Select one of the available identification options – PAN number, Application number or DP ID/client ID.
Enter the details based on the option you selected.
Click on the “Submit” button.
Your IPO allotment status will be displayed on the screen.
Amir Chand Jagdish Kumar IPO GMP Today
According to InvestorGain, the GMP for the Amir Chand Jagdish Kumar (Exports) IPO stood at Rs 3 on March 30. It indicates a listing price of Rs 215 apiece at a premium of 1.42% on the upper limit of the price band.
Also Read: Claude AI Maker Anthropic Considers IPO As Soon As October
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
