Amir Chand Jagdish Kumar (Exports) IPO Announces
Amir Chand Jagdish Kumar (Exports) Limited is set to launch its Initial Public Offering (IPO). This blog post provides key details about the company, its business, and the IPO offering. The IPO is a fresh issue, with the company planning to raise 55 crores.
Company Overview
Amir Chand Jagdish Kumar (Exports) Limited (SFL), established in 1890, is a prominent Indian basmati rice processor and exporter with a daily capacity exceeding 350 MT. The company operates in over 25 countries and serves numerous Indian states. SFL boasts two advanced Buhler German Rice milling plants in Jammu, supported by parboiling facilities, grain storage silos, and 300,000 sq. ft. of warehousing.
SFL’s core products include traditional Basmati rice and non-Basmati rice, marketed under its own brands. The company is also expanding into millet-based products with a focus on organic farming. Financially, SFL has demonstrated consistent growth. Net sales increased from 605 crore in FY22 to 870 crore in FY24 and 787 crore for 9MFY25. Operating profit (EBITDA) grew from 28 crore in FY22 to 56 crore in FY24 and 55 crore for 9MFY25.
SFL’s net profit also saw substantial improvement, rising from 3 crore in FY22 to 17 crore in FY24 and 18 crore for 9MFY25. The company’s strategic initiatives include expanding its global presence and venturing into FMCG products alongside its traditional rice offerings, selling both in domestic and international markets. They operate three manufacturing, processing and packaging facilities in India. As of May 31, 2025 the company exported products to more than 37 countries.
Key Achievements
Amir Chand Jagdish Kumar (Exports) Limited has achieved several milestones, including:
- Extensive experience in processing and exporting basmati rice.
- Established presence in over 25 countries.
- Modern milling and warehousing infrastructure.
- Expansion into millet-based products and organic farming.
Financial Overview
Here s a snapshot of the company’s financials:
Based on the provided document, there is no financial data present to populate the table. The document mainly contains details about the IPO issue, risk factors, and regulatory information. Therefore, I cannot create the table as requested.
Offer for Sale and IPO Structure
As of the Draft Red Herring Prospectus date, the shareholding pattern reveals that Promoters and the Promoter Group hold 81,580,500 equity shares, representing 99.44% of the total equity shares. The public holds 460,528 shares, which is 0.56% of the total.
Specifically, Jagdish Kumar Suri holds 74,101,350 shares (90.32%), and Rahul Suri holds 6,878,850 shares (8.38%). These holdings represent the shareholding pattern ten days and one year prior to filing the Draft Red Herring Prospectus.
Directors’ Shareholding: Jagdish Kumar Suri, the Chairman & Managing Director, holds 74,101,350 shares (90.32%), Rahul Suri, a Whole-Time Director, holds 6,878,850 shares (8.38%), and Ramnika Suri, a Non-Executive Non-Independent Director, holds 300,000 shares (0.37%).
The company intends to utilize the net proceeds from the fresh issue for funding working capital requirements ( 500 crore) and general corporate purposes. Gross proceeds from the issue are estimated at 550 crore, with the possibility of a Pre-IPO placement of up to 50 crore.
- Retail (35%): Shares allocated for retail investors.
- QIB (50%): Shares allocated for Qualified Institutional Buyers.
- NII (15%): Shares allocated for Non-Institutional Investors.
The IPO is proposed to be listed on BSE and NSE.
Lead Managers and Registrar
The lead managers for the IPO are Emkay Global Financial Services Limited, Keynote Financial Services Limited. KFin Technologies Limited is the registrar for the IPO.
Conclusion
Amir Chand Jagdish Kumar (Exports) Limited’s IPO presents an opportunity to invest in a growing company. Stay tuned for updates on the IPO dates and other important details. Consult your financial advisor before making any investment decisions.