Shares of Amir Chand Jagdish Kumar Exports listed on the stock exchanges on Thursday, April 2, 2026, below the issue price. The stock debuted at Rs 195 on the BSE, representing a discount of Rs 17 or 8.02 percent to the upper price band of Rs 212 per share. On the National Stock Exchange, the shares listed at Rs 200, reflecting a discount of Rs 12 or 5.66 percent to the issue price.
Prior to listing, unlisted shares of the company were trading at Rs 215.5 per share in the informal market, indicating a premium of Rs 3.5 or 1.65 percent over the issue price of Rs 212, according to sources tracking unofficial market activity.
The initial public offering was entirely a fresh issue comprising 2.08 crore equity shares aggregating to Rs 440 crore. The issue was open for public subscription from March 24, 2026 to March 27, 2026.
The price band for the issue was set at Rs 210 to Rs 212 per share, with a minimum application lot size of 70 shares. The IPO was subscribed 3.23 times by the final day of bidding. Non-institutional investors subscribed their portion 12.71 times, while retail investors and qualified institutional buyers subscribed 1.36 times and 1.11 times, respectively.
The listing below the issue price contrasted with pre-listing indications in the informal market, where shares were trading at Rs 215.5, suggesting expectations of listing gains.
The IPO was entirely a fresh issue, and the proceeds are intended to be used primarily to meet the company’s working capital requirements. The remaining funds will be deployed for general corporate purposes, as outlined in the red herring prospectus.
KFin Technologies acted as the registrar to the issue, while MK Global Financial Services and Keynote Financial Services served as the book-running lead managers.
