ACJK Exports Fixes ₹201–212 Price Band for ₹440-Cr IPO 

Mumbai, March 24: Basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd (ACJK) has fixed a price band of ₹201–212 per share for its upcoming initial public offering (IPO), which is set to open for subscription today and close on March 27.  

The company’s ₹440 crore public issue comprises a fresh issue of equity shares, according to its public announcement. The proceeds from the issue will primarily be used to meet working capital requirements and for general corporate purposes. 

ACJK is known for its “Aeroplane” brand of basmati rice and operates in the global rice export market, catering to demand across multiple international geographies. The company has established a presence in key export markets, supported by its sourcing and processing capabilities in northern India. 

Haryana-headquartered ACJK Exports, a key supplier of leather apparel, accessories, and footwear to global luxury brands like Coach, Michael Kors, and Tommy Hilfiger, reported a total income of ₹2,004.03 crore for FY25 and profit after tax of ₹60.82 crore.  

The IPO is being conducted through the book-building process, with Emkay Global Financial Services and Keynote Financial Services acting as the book-running lead managers. Kfin Technologies is the registrar to the issue. 

At the upper end of the price band, a single lot of shares is expected to cost around ₹14,800, making the issue accessible to retail investors, who can bid for shares worth up to ₹2 lakh under the retail category, as per regulatory guidelines. 

The offering comes at a time when equity markets have seen heightened volatility, though demand for basmati rice exports has remained relatively stable due to consistent global consumption patterns. The company aims to leverage this demand outlook to strengthen its market position and scale operations. 

The Securities and Exchange Board of India (SEBI) granted its approval to the IPO in October 2025. 

Post subscription, the basis of allotment and listing timelines will be announced in due course, in line with regulatory requirements. 

Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspxid=4515&type=IPO&idtype=1&status=F&IPONo=7656&startdt=24/Mar/2026