Explore how Amir Chand Jagdish Kumar (Exports) Ltd.’s IPO performed on its first day of subscription, including investor participation, price band details, key dates, and how to apply via ASBA or UPI.
The Amir Chand Jagdish Kumar (Exports) Ltd. IPO opened for subscription on March 24, 2026, marking the company’s entry into the mainboard segment of the Indian stock market. The company operates in the exports segment, with a focus on trading and distribution of goods in international markets.
The IPO is a book-built issue with a price band of ₹201 to ₹212 per share, aiming to raise approximately ₹440 crore. On its opening day, the issue saw initial traction primarily from non-institutional investors.
The IPO began with moderate participation across investor categories on Day 1, with early interest visible in the non-institutional segment.
On the first day of bidding, the Amir Chand Jagdish Kumar (Exports) Ltd. IPO was subscribed 0.20× overall, indicating a gradual start to the issue.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
N.A. |
Retail Individual Investors (RII) |
0.08× |
Non-Institutional Investors (NII) |
0.99× |
Others |
N.A. |
Total |
0.20× |
The Day 1 trend shows that non-institutional investors led the subscription, nearing full subscription in their category, while retail participation remained modest and institutional bids were yet to pick up.
On the second day of bidding, the Amir Chand Jagdish Kumar (Exports) Ltd. IPO saw strong traction across investor categories, with the overall subscription rising to 1.28×.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.79× |
Retail Individual Investors (RII) |
0.58× |
Non-Institutional Investors (NII) |
5.45× |
Total |
1.52× |
The sharp surge in non-institutional investor demand led the IPO to cross full subscription on Day 2, indicating strong market interest.
On the third and final day of bidding, the Amir Chand Jagdish Kumar (Exports) Ltd. IPO achieved an overall subscription of 2.56×. The Non-Institutional Investors (NII) segment led the demand with a massive surge, while retail participation also successfully crossed the fully subscribed mark.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.95× |
Retail Individual Investors (RII) |
1.03× |
Non-Institutional Investors (NII) |
10.00× |
Total |
2.56× |
The robust NII response reflects solid confidence in the FMCG exporter's offering, allowing the issue to close with a healthy oversubscription.
The IPO is priced in the range of ₹201 to ₹212 per share, with a face value of ₹10 per share.
The minimum application size is 1 lot of 70 shares, allowing participation from retail investors at a relatively accessible level.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
70 |
₹14,840 |
At the upper price band, the minimum investment required is approximately ₹14,840, making it relatively affordable compared to many SME and mainboard IPOs.
For detailed insights about the company, issue particulars, and the latest updates, visit the Amir Chand Jagdish Kumar (Exports) IPO on Bajaj Markets.
Below is the key timeline for the IPO:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
March 24, 2026 |
Issue opens for subscription |
IPO Close Date |
March 27, 2026 |
Final day to submit bids |
Basis of Allotment |
March 30, 2026 |
Allotment finalisation expected |
Refunds Initiation |
April 1, 2026 |
Refunds begin |
Credit of Shares to Demat |
April 1, 2026 |
Shares credited to Demat accounts |
Listing Date |
April 2, 2026 |
Expected listing on stock exchanges |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only
Investors can apply using either ASBA through net banking or UPI via broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Amir Chand Jagdish Kumar (Exports) Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Amir Chand Jagdish Kumar (Exports) Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
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The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner