Amir chand jagdish kumar ipo gmp: Amir Chand Jagdish Kumar Exports IPO GMP Update
The Amir Chand Jagdish Kumar Exports IPO has made headlines as it enters its second day of subscription on March 25, 2026. This ₹440 crore book-building issue, consisting entirely of a fresh issue of 2.08 crore shares, is attracting considerable interest from investors.
The price band for the IPO is set between ₹201 and ₹212 per share, with a lot size of 46 shares. This means that the minimum investment required for retail investors stands at ₹14,840.
As of today, the overall subscription status has reached 1.27 times, indicating a strong demand for the shares. Qualified Institutional Buyers (QIBs) have subscribed 0.58 times, while Non-Institutional Investors (NIIs) have shown remarkable enthusiasm, subscribing 4.82 times. However, Retail Individual Investors (RIIs) have subscribed only 0.46 times.
In addition to the subscription figures, the Grey Market Premium (GMP) for the IPO is currently ₹7 over the IPO price, reflecting positive sentiment among investors. The issue is set to close on March 27, 2026, with the basis of allotment expected to be finalized by March 30, 2026.
Looking ahead, the tentative listing date for the shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is April 2, 2026. The company plans to utilize ₹400 crore towards funding working capital requirements, which is crucial for its operational growth.
As the IPO progresses, the community is keenly watching the developments, hoping for a successful listing that could benefit both the company and its investors. The excitement surrounding this IPO reflects the growing interest in the market and the potential for future growth.
Details remain unconfirmed regarding the final subscription figures as the closing date approaches, but the current trends suggest a promising outlook for Amir Chand Jagdish Kumar Exports.
