The Amir Chand Jagdish Kumar Exports IPO has entered its second day of subscription as of March 25, 2026, with a total issue size of ₹440 crore. This book-building issue consists entirely of a fresh issue of 2.08 crore shares, priced between ₹201 and ₹212 per share.
As of now, the overall subscription status stands at 1.27 times, indicating a strong interest from investors. Qualified Institutional Buyers (QIBs) have subscribed 0.58 times, while Non-Institutional Investors (NIIs) have shown remarkable enthusiasm with a subscription rate of 4.82 times. However, Retail Individual Investors (RIIs) have subscribed only 0.46 times.
The lot size for an application is set at 46 shares, requiring a minimum investment of ₹14,840 for retail investors. The basis of allotment will be finalized by March 30, 2026, with the IPO closing on March 27, 2026.
In the grey market, the IPO is currently trading at a premium of ₹7 over the IPO price, reflecting positive sentiment among traders. The tentative listing date on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is scheduled for April 2, 2026.
The company plans to utilize ₹400 crore of the proceeds towards funding working capital requirements, which is crucial for its operational growth.
As the IPO progresses, market analysts are closely monitoring the subscription trends and the overall response from different investor segments. The strong demand from NIIs suggests a bullish outlook for the company in the upcoming trading sessions.
Details remain unconfirmed regarding the final subscription numbers as the closing date approaches, but the current figures indicate a healthy interest in the offering.
