The Amir Chand Jagdish Kumar Exports IPO has entered its second day of subscription on March 25, 2026, and is generating considerable interest among investors. This ₹440 crore book-building issue, consisting entirely of a fresh issue of 2.08 crore shares, has set its price band between ₹201 and ₹212 per share.
As of today, the overall subscription status stands at 1.27 times, indicating a strong demand for the shares. Notably, Non-Institutional Investors (NIIs) have shown remarkable enthusiasm, subscribing 4.82 times, while Qualified Institutional Buyers (QIBs) have subscribed 0.58 times. Retail Individual Investors (RIIs), however, have subscribed only 0.46 times, suggesting a more cautious approach among this group.
The lot size for an application is set at 46 shares, requiring a minimum investment of ₹14,840 for retail investors. The IPO is scheduled to close on March 27, 2026, with the basis of allotment expected to be finalized by March 30, 2026. Investors are keenly awaiting the tentative listing date on the NSE and BSE, which is projected for April 2, 2026.
In the grey market, the IPO is currently trading at a premium of ₹7 over the IPO price, reflecting positive sentiment among traders. This premium is often seen as an indicator of the expected performance of the shares once they hit the market.
Amir Chand Jagdish Kumar Exports plans to utilize ₹400 crore from the IPO proceeds to fund its working capital requirements, a move that could bolster its operational capabilities and growth prospects.
As the subscription period continues, market analysts and investors are closely monitoring the developments surrounding this IPO. The interest from NIIs and the grey market premium suggest a favorable outlook, although the overall subscription figures for retail investors indicate a need for further engagement with this segment.
With the closing date approaching, the excitement surrounding the Amir Chand Jagdish Kumar Exports IPO is palpable, and many are hopeful for a successful listing in the coming weeks.
