The Amir Chand Jagdish Kumar Exports IPO has entered its second day of subscription on March 25, 2026, with significant interest from investors. This ₹440 crore book-building issue, consisting entirely of a fresh issue of 2.08 crore shares, has set a price band between ₹201 and ₹212 per share.
As of today, the overall subscription status stands at 1.27 times, indicating a healthy demand for the shares. Notably, Qualified Institutional Buyers (QIBs) have subscribed 0.58 times, while Non-Institutional Investors (NIIs) have shown remarkable enthusiasm, subscribing 4.82 times. Retail Individual Investors (RIIs) have subscribed 0.46 times, reflecting a varied interest across different investor categories.
The lot size for an application is 46 shares, requiring a minimum investment of ₹14,840 for retail investors. The IPO is set to close on March 27, 2026, with the basis of allotment expected to be finalized by March 30, 2026. Investors are eagerly awaiting the tentative listing date on the NSE and BSE, scheduled for April 2, 2026.
In the grey market, the IPO is currently trading at a premium of ₹7 over the IPO price, suggesting positive sentiment among traders. The company plans to utilize ₹400 crore of the proceeds towards funding its working capital requirements, which may bolster its operational capabilities moving forward.
As the IPO progresses, the interest from NIIs and the grey market premium could signal a strong market reception. Official statements and further developments are anticipated as the closing date approaches, keeping investors on alert for any updates.
