Amir Chand Jagdish Kumar (Exports) IPO
Amir Chand Jagdish Kumar (Exports) Limited (AMIRCHAND) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 April 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +1.0% (likely range -13% to +12%), day's high +2.6%, chance of a gain 51%. Actual: -5.7% at the open, -5.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 79,59,995 | 88,68,090 | 1.11x | |
| NII (HNI) total | 32,83,583 | 4,17,20,280 | 12.7x | |
| Big NII (above ₹10 lakh) | 21,89,056 | 3,32,88,850 | 15.2x | |
| Small NII (₹2-10 lakh) | 10,94,527 | 84,31,430 | 7.70x | |
| Retail | 76,61,692 | 1,04,52,190 | 1.36x | |
| Total | 1,89,05,270 | 6,10,40,560 | 3.23x |
Bids on NSE and BSE together, as published by NSE, as of 27 Mar 2026, 07:00 PM. Shares offered exclude the anchor portion. 13% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Amir Chand Jagdish Kumar (Exports)'s, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Manoj Vaibhav Gems N JewellersSep 2023 | 1.06x | 5.18x | 1.66x | 2.25x | ₹279 Cr | 0.0% | +3.3% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| AGS Transact TechnologiesJan 2022 | 2.68x | 25.6x | 3.08x | 7.79x | ₹717 Cr | 0.0% | +3.9% |
| Ganesh Consumer ProductsSep 2025 | 4.18x | 4.34x | 1.15x | 2.67x | ₹405 Cr | -8.1% | -4.1% |
| Om Freight ForwardersOct 2025 | 3.97x | 7.39x | 2.75x | 3.87x | ₹134 Cr | -39.6% | -36.6% |
| GlottisOct 2025 | 1.87x | 2.97x | 1.42x | 2.05x | ₹314 Cr | -34.9% | -27.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Emkay Global Financial Services | 10 | +16.7% | 60% |
| Keynote Financial Services | 5 | +4.8% | 40% |
Offer documents (NSE)
Frequently asked
What is the Amir Chand Jagdish Kumar (Exports) IPO price band and lot size? ₹201–212 per share, with a lot of 70 shares, so the smallest retail bid is ₹14,840.
How many times has it been subscribed? 3.23x overall: QIB 1.11x, NII 12.7x, retail 1.36x.
How did it list? It opened at ₹200, -5.7% against the issue price of ₹212, and closed its first day -15.1%.
