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Amir Chand Jagadish Kumar Exports Ltd IPO

Status: Upcoming

Overview

IPO date
24 Mar 2026 to 27 Mar 2026
Face value
₹ 1 per share
Price
₹ 201 to ₹212 per share
Issue Size
20,754,716 shares
(aggregating up to ₹ 440 Cr)
Allotment Date
30 Mar 2026
Listing at
NSE
Issue type
Book Building
Sector
FMCG

Objectives of Amir Chand Jagadish Kumar Exports Ltd IPO

Amir Chand Jagadish Kumar Exports Ltd IPO Strategy

About Amir Chand Jagadish Kumar Exports Ltd

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T&C*

Strengths vs Risks of Amir Chand Jagadish Kumar Exports Ltd

Know the pros & cons

Strengths

  • arrowWell established and wide distribution network in India enables us to efficiently penetrate major markets.
  • arrowStrong international presence with exports to over 37 countries.
  • arrowAs per CARE Report, basmati rice enjoys a premium status and it being famous for its aroma and long grains, is one of the most prized varieties.
  • arrowIntegrated operations with well established quality control system and modern equipment.
  • arrowStrategically located processing facilities in close proximity to basmati producing regions.
  • arrowAs per CARE Report, Basmati rice from India has been granted a Geographical Indication (GI) tag, recognizing its unique identity and ensuring protection against counterfeit products in international markets.
  • arrowExperienced management team with Promoters having over four decades of experience in the basmati rice industry in India.
  • arrowOur Company has registered a total of 100 trademarks, including 70 in India and 30 across 26 countries, and 22 copyrights in India.
  • arrowAs per Company commissioned CARE Report, we rank 3rd among our peers in terms of revenue, we are among the few Indian branded rice players that have ventured into FMCG staples.
  • arrowWell established and wide distribution network of over 431 distributors in India and 53 distributors globally enables us to efficiently penetrate major markets.
  • arrowStrong international presence with exports to over 38 countries.
  • arrowAs per Company commissioned CARE Report, basmati rice enjoys a premium status and it being famous for its aroma and long grains, is one of the most prized varieties.
  • arrowIntegrated operations with well established quality control system and modern equipment including equipment imported from Japan, Germany and the United States.
  • arrowStrategically located processing and packaging facilities in Delhi, Haryana and Amritsar are in close proximity to basmati producing regions of northern India including the basmati paddy mandis in the states of Haryana, Punjab and Madhya Pradesh
  • arrowAs per Company commissioned CARE Report, Basmati rice from India has been granted a Geographical Indication (GI) tag, recognizing its unique identity and ensuring protection against counterfeit products in international markets.
  • arrowExperienced management team with Promoters having over four decades of experience in the basmati rice industry in India.
  • arrowOur Company has registered a total of 100 trademarks, including 70 in India and 30 across 26 countries, and 22 copyrights in India.

Risks

  • arrowThe company's operations are dependent on the supply of raw material. Inadequate or non-availability and fluctuations in the cost of raw material could adversely affect its business, results of operations, cash flows, profitability and financial conditions.
  • arrowDuring the peak arrival season of paddy harvesting,the Company procures significant quantities of basmati paddy which is the company's primary raw material and for the purpose of doing the same, significant amount of working capital is required.The company's business being working capital intensive, insufficient cash flows or inability to borrow funds to meet its working capital requirements may materially and adversely affect the company's business and operations.
  • arrowThe company's packaging units are located in non-conforming industrial areas in Delhi, which may expose the company to regulatory risks, potential relocation, and business disruption.
  • arrowThe company relies on procurement agents to procure sufficient raw materials of the desired quality for its processing requirements. Further, the company does not have long-term contracts with its procurement agents and engage them by way of purchase orders. Any failures on the part of such agents to procure, in a timely manner, the desired quality and quantity of raw materials at commercially favourable terms, may adversely affect its operations.
  • arrowA significant portion of its income is derived from the company's export of basmati rice, which may be dependent on the policies passed by the GoI and the governments of the countries where the company exports and any unfavorable change in such policies may adversely affect its business.
  • arrowThe company is subject to quality requirements from its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's business, results of operations, cash flows and financial condition.
  • arrowIf the company is subject to product liability and other civil claims and costs incurred because of product recalls, it could expose the company to costs and liabilities and adversely affect its reputation, business, revenues and profitability.
  • arrowIn the nine months ended December 31, 2024, the company deriveds more than 40% of its revenue from operations from top 10 customers, more than 20% of its revenue from operations from the company's top three customers, with our single largest customer contributing more than 5% of its revenue from operations in these periods. Loss of any of these customers or a reduction in purchases by any of them could adversely affect the company's business, results of operations, cash flows and financial condition.
  • arrowThe company's relationship with its distributors is critical to the company's business. The company does not enter into long-term arrangements with the company's distributors, and the company cannot assure you that the company will be able to sell the quantities the company has historically supplied, which could have an adverse impact on its sales, business growth and prospects, results of operations and financial condition.
  • arrowAny decrease in the market price of Basmati rice between purchasing raw materials and selling Basmati rice may adversely affect its financial condition.
  • arrowImproper storage, processing and handling of raw materials and basmati rice may cause damage to its inventory leading to adverse effect on the company's business and results of operations.
  • arrowThe company has recently entered into the business of distributing FMCG products which is a relatively new business for the Company. If the company's FMCG products fails to gain market acceptance, the company's overall profitability may be adversely affected.
  • arrowThe company is unable to trace some of its historical records with respect to secretarial forms filed with the Registrar of Companies. Additionally, there are certain discrepancies/errors/non-filing/non-availability which have occurred in some of our corporate records relating to forms filed with the RoC and other provisions of Companies Act, 1956 and Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
  • arrowThere are outstanding legal proceedings against the Company, the company's Promoters, and some of its Directors. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely affect its business, results of operations, cash flows and financial condition.
  • arrowDelay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on its business, results of operations, cash flows and financial condition.
  • arrowThe company may incur higher advertising and marketing expenses to enhance our brand image and its business may be adversely affected if the company is unable to maintain and grow its brand image.
  • arrowThe company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnel, and Senior Management as well as our ability to attract and retain personnel with technical expertise. The company's inability to retain its Promoters, Directors, Key Managerial Personnel and Senior Management or the company's ability to attract and retain other personnel with technical expertise could adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company's business is dependent and will continue to depend on its processing facilities, and the company is subject to certain risks in the company's processing operations. Any slowdown or shutdown in the company's processing operations that could interfere with its operations could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • arrowUncertainty of supply contracts for its basmati rice from customers could adversely affect the company's business and results of operations.
  • arrowThe company's business faces the prospect of increased competition due to increased consolidation in the fragmented basmati rice sector, which may adversely affect its market share and business.
  • arrowThe company has currently obtained on lease its Registered and Corporate Office, the company's packaging facility and some of its storage facilities. If these leases are terminated or not renewed on terms acceptable to the company, it could have a material adverse effect on the company's business, financial condition and results of operations.
  • arrowUnder-utilization of its installed processing capacities and an inability to effectively utilize these capacities could have an adverse effect on its business, future prospects and future financial performance. Further, the company's inability to accurately forecast demand for its products may have an adverse effect on the company's business, results of operations, cash flows and financial condition.
  • arrowIf the company is unable to adapt to change of customer preference, the company's growth will be adversely affected.
  • arrowThe company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
  • arrowThe company is dependents on contract labour and any disruption to the supply of such labour for its processing facilities or the company's inability to control the composition and cost of its contract labour could adversely affect the company's operations.
  • arrowThe company uses third party transportation and logistics service providers for delivery of its products to its customers and distributors as well as raw materials to the company's processing facilities. Any delay in delivery of its products or raw materials or increase in the charges of these entities could adversely affect the company's business, results of operations, cash flows and financial condition. The company also may be exposed to the risk of theft, accidents and/or loss of its products in transit.
  • arrowThe company dependents on third parties for the supply of utilities, such as electricity, water and fuel and any disruption in the supply of such utilities could adversely affect its processing operations.
  • arrowFailures or disruption of its IT systems may adversely affect the company's business, results of operations, cash flows and financial condition.
  • arrowThe company's employees may engage in misconduct, fraud or other improper activities, including non-compliance with regulatory standards and requirements.
  • arrowIf the company is unable to establish and maintain an effective internal controls and compliance system, the company's business and reputation could be adversely affected.
  • arrowThe company has substantial capital expenditure and may require additional financing to meet future capital expenditure requirements, which could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • arrowThe company's inability to collect receivables in time or at all and default in payment from its distributors, B2B customers, modern trade channels and e-commerce platforms could result in the reduction of the company's profits and affect its cash flows.
  • arrowThe company could incur losses under its purchase orders with the company's customers and distributors or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet contract specifications or delivery schedules which may have a material adverse effect on its business, results of operations, cash flows and financial condition.
  • arrowThe company has incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company's contingent liabilities could materially and adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company may not have sufficient insurance coverage to cover its economic losses as well as certain other risks, not covered in the company's insurance policies, which could adversely affect business, results of operations, cash flows and financial condition.
  • arrowExchange rate fluctuations may adversely affect its results of operations as the company's sales outside India and a portion of its expenditures are denominated in foreign currencies.
  • arrowThe company has experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company's ability to operate its business and implement the company's growth plans, thereby affecting its financial condition.
  • arrowAny adverse changes in regulations governing its business, products and the products of the company's customers, may adversely impact its business, prospects and results of operations.
  • arrowNon-compliance with and changes in, safety, health, environmental laws and other applicable regulations in India, may adversely affect the company's business, results of operations, cash flows and financial condition.
  • arrowAny inability to protect the company's intellectual property or any claims that the company infringe on the intellectual property rights of others could have a material adverse effect on the company. Any deterioration in the reputation and market perception of its brands, or if the company's sales and marketing efforts are ineffective, it could adversely affect its sales, profitability and the implementation of the company's growth strategy.
  • arrowThe company requires various licenses and approvals for undertaking its businesses and the failures to obtain or retain such licenses or approvals in a timely manner, or at all, may adversely affect the company's business, results of operations, cash flows and financial condition.
  • arrowThe company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the Shareholders.
  • arrowThe company's Subsidiary, Promoters, certain members of its Promoter Group and certain Directors of the Company are in business similar to the company's and may enter into ventures that may lead to real or potential conflicts of interest with its business. Further, the company's Promoters and certain Directors have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits. Any real or potential conflicts of interest that may arise in this regard may materially adversely impact its business, financial condition, results of operations and cash flows.
  • arrowAfter the completion of the Issue, the company's Promoters will continue to collectively hold substantial shareholding in the Company exercising influence over the company.
  • arrowAs a publicly listed company, the company will be subject to additional compliance requirements and increased scrutiny. All of its directors do not have any prior experience of directorship of listed entities, which may affect the ability to meet these additional compliance requirements.
  • arrowThe company or the company's customers or counterparties may engage in transactions in or with countries or persons that may have in the past been or may currently be subject to U.S. and other sanctions.
  • arrowAny variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
  • arrowThe company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.
  • arrowThe company's inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on the company's business.
  • arrowIf the company does not continue to invest in new technologies and equipment, the company's machines and equipment may become obsolete and its production costs may increase relative to the company's competitors, which may have an adverse impact on its business, results of operations, cash flows and financial condition.
  • arrowAny downgrade of its credit ratings could adversely affect the company's business. Additionally, a downgrade in ratings of India and other jurisdictions the company operates in may affect the trading price of the Equity Shares.
  • arrowThere can be no assurance that the Company will be in a position to pay dividends in the future. The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
  • arrowThe company's Subsidiary may not pay cash dividends on shares that the company holds in them. Consequently, the company's Company may not receive any return on investments in its Subsidiary.
  • arrowInformation relating to the installed capacity and storage capacity of its facilities included in this Draft Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
  • arrowCertain sections of this Draft Red Herring Prospectus contain information from the CARE Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
  • arrowThe company has in this Draft Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the rice industry and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
  • arrowThe company has issued Equity Shares at a price that may be lower than the Issue Price in the last 12 months.
  • arrowThe company has made bonus issuances of securities in the past, and the company cannot guarantee that the company will be able to make such issuances in the future.
  • arrowThe company has in the past issued Equity Shares for consideration other than cash, and the company cannot guarantee the consideration received by its was commensurate with the value of the Equity Shares issued.
  • arrowThe company's packaging units are located in non-conforming industrial areas in Delhi, which may expose the company to regulatory risks, potential relocation, and business disruption.
  • arrowThe company's operations are dependent on the supply of raw material. Inadequate or non-availability and fluctuations in the cost of raw material could adversely affect its business, results of operations, cash flows, profitability and financial conditions.
  • arrowDuring the peak arrival season of paddy harvesting, the Company procures significant quantities of basmati paddy which is its primary raw material and for the purpose of doing the same, significant amount of working capital is required. The company's business being working capital intensive, insufficient cash flows or inability to borrow funds to meet its working capital requirements may materially and adversely affect the company's business and operations.
  • arrowThe company relies on procurement agents to procure sufficient raw materials of the desired quality for its processing requirements. Further, the company does not have long-term contracts with its procurement agents and engage them by way of purchase orders. Any failures on the part of such agents to procure, in a timely manner, the desired quality and quantity of raw materials at commercially favourable terms, may adversely affect its operations.
  • arrowThe company has a high debt equity ratio and have incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business, results of operations, cash flows and financial condition.
  • arrowA significant portion of the company's income is derived from its export of basmati rice, which may be dependent on the policies passed by the GoI and the governments of the countries where the company exports and any unfavorable change in such policies may adversely affect its business.
  • arrowThe company is subject to quality requirements from its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's business, results of operations, cash flows and financial condition.
  • arrowIf the company is subject to product liability and other civil claims and costs incurred because of product recalls, it could expose the company to costs and liabilities and adversely affect its reputation, business, revenues and profitability.
  • arrowIn the six months ended September 30, 2025, The company deriveds 45.03% of its revenue from operations from the company's top 10 customers, 28.92% of its revenue from operations from its top five customers, with our single largest customer contributing to 9.35% of the company's revenue from operations in this periods. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company's relationship with our distributors is critical to its business. The company does not enter into long-term arrangements with its distributors, and the company cannot's assure you that the company will be able to sell the quantities the company has historically supplied, which could have an adverse impact on the company's sales, business growth and prospects, results of operations and financial condition.
  • arrowAny decrease in the market price of Basmati rice between purchasing raw materials and selling Basmati rice may adversely affect its financial condition.
  • arrowImproper storage, processing and handling of raw materials and basmati rice may cause damage to the company's inventory leading to adverse effect on the company's business and results of operations.
  • arrowThe company has recently entered into the business of distributing FMCG products which is a relatively new business for the Company. If its FMCG products fails to gain market acceptance, the company's overall profitability may be adversely affected.
  • arrowThe company has experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company's ability to operate its business and implement the company's growth plans, thereby affecting its financial condition.
  • arrowThe company's contingent liabilities could materially and adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company is unable to trace some of its historical records with respect to secretarial forms filed with the Registrar of Companies. Additionally, there are certain discrepancies/errors/non-filing/non-availability which have occurred in some of the company's corporate records relating to forms filed with the RoC and other provisions of Companies Act, 1956 and Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
  • arrowThere are outstanding legal proceedings against the Company, the company's Promoters, and some of its Directors. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect the company's business, results of operations, cash flows and financial condition.
  • arrowDelay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on the company's business, results of operations, cash flows and financial condition.
  • arrowThe company depends on the strength of its brand and reputation of the Company and Promoters. Further, the company may incur higher advertising and marketing expenses to enhance its brand image and the company's business may be adversely affected if the company is unable to maintain and grow its brand image.
  • arrowExchange rate fluctuations may adversely affect its results of operations as the company's sales outside India and a portion of the company's expenditures are denominated in foreign currencies.
  • arrowHigh working capital requirements during peak season results in elevated borrowings, and any acceleration of repayment obligations or a withdrawal or reduction of sanctioned limits by lenders could materially impact its liquidity position, results of operations, and adversely affect the company's financial condition.
  • arrowThe company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnel, and Senior Management as well as the company's ability to attract and retain personnel with technical expertise. The company's inability to retain our Promoters, Directors, Key Managerial Personnel and Senior Management or the company's ability to attract and retain other personnel with technical expertise could adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company's business is dependent and will continue to depend on its processing facilities, and the company is subject to certain risks in the company's processing operations. Any slowdown or shutdown in its processing operations that could interfere with the company's operations could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • arrowUncertainty of supply contracts for its basmati rice from customers could adversely affect the company's business and results of operations.
  • arrowThe company's business faces the prospect of increased competition due to increased consolidation in the fragmented basmati rice sector, which may adversely affect its market share and business.
  • arrowThe company has currently obtained on lease its Registered and Corporate Office, the company's packaging facility and some of its storage facilities. If these leases are terminated or not renewed on terms acceptable to the company, it could have a material adverse effect on the company's business, financial condition and results of operations.
  • arrowUnder-utilization of the company's installed processing capacities and an inability to effectively utilize these capacities could have an adverse effect on its business, future prospects and future financial performance. Further, the company's inability to accurately forecast demand for its products may have an adverse effect on the company's business, results of operations, cash flows and financial condition.
  • arrowIf the company is unable to adapt to change of customer preference, the company's growth will be adversely affected.
  • arrowThe company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
  • arrowThe company is dependent on contract labour and any disruption to the supply of such labour for its processing facilities or the company's inability to control the composition and cost of its contract labour could adversely affect the company's operations.
  • arrowThe company uses third party transportation and logistics service providers for delivery of the company's products to its customers and distributors as well as raw materials to the company's processing facilities. Any delay in delivery of its products or raw materials or increase in the charges of these entities could adversely affect the company's business, results of operations, cash flows and financial condition. The company also may be exposed to the risk of theft, accidents and/or loss of its products in transit.
  • arrowThe company is dependent on third parties for the supply of utilities, such as electricity, water and fuel and any disruption in the supply of such utilities could adversely affect its processing operations.
  • arrowFailures or disruption of the company's IT systems may adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company's employees may engage in misconduct, fraud or other improper activities, including non-compliance with regulatory standards and requirements.
  • arrowIf the company is unable to establish and maintain an effective internal controls and compliance system, the company's business and reputation could be adversely affected.
  • arrowThe company has substantial capital expenditure and may requires additional financing to meet future capital expenditure requirements, which could have an adverse effect on the company's business, results of operations, cash flows and financial condition.
  • arrowThe company's inability to collect receivables in time or at all and default in payment from its distributors, B2B customers, modern trade channels and e-commerce platforms could result in the reduction of the company's profits and affect its cash flows.
  • arrowThe company coulds incur losses under the company's purchase orders with its customers and distributors or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet contract specifications or delivery schedules which may have a material adverse effect on the company's business, results of operations, cash flows and financial condition.
  • arrowThe company may not have sufficient insurance coverage to cover the company's economic losses as well as certain other risks, not covered in the company's insurance policies, which could adversely affect business, results of operations, cash flows and financial condition.
  • arrowNegative publicity involving endorsing celebrities may adversely impact its brand image and business operations.
  • arrowAny adverse changes in regulations governing its business, products and the products of the company's customers, may adversely impact its business, prospects and results of operations.
  • arrowNon-compliance with and changes in, safety, health, environmental laws and other applicable regulations in India, may adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe availability of counterfeit products and any inability to protect its intellectual property or any claims that the company infringes on the intellectual property rights of others could have a material adverse effect on the company. Any deterioration in the reputation and market perception of the company's brands, or if its sales and marketing efforts are ineffective, it could adversely affect the company's sales, profitability and the implementation of its growth strategy.
  • arrowThe company requires various licenses and approvals for undertaking its businesses and the failures to obtain or retain such licenses or approvals in a timely manner, or at all, may adversely affect the company's business, results of operations, cash flows and financial condition.
  • arrowThe company has in the past entered into related party transactions and may continue to does so in the future, which may potentially involve conflicts of interest with the Shareholders.
  • arrowThe company's Subsidiary, Promoters, certain members of its Promoter Group and certain Directors of the Company are in business similar to the company's and may enter into ventures that may lead to real or potential conflicts of interest with its business. Further, the company's Promoters and certain Directors have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits. Any real or potential conflicts of interest that may arise in this regard may materially adversely impact its business, financial condition, results of operations and cash flows.
  • arrowExposure to credit risk may disrupt the buying cycle and adversely impact its operations and cash flows.
  • arrowAfter the completion of the Issue, the company's Promoters will continue to collectively hold substantial shareholding in the Company exercising influence over the company.
  • arrowAs a publicly listed company, the company will be subject to additional compliance requirements and increased scrutiny. All of the company's directors does not have any prior experience of directorship of listed entities, which may affect the ability to meet these additional compliance requirements.
  • arrowThe company is or the company's customers or counterparties may engage in transactions in or with countries or persons that may have in the past been or may currently be subject to U.S. and other sanctions.
  • arrowAny variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
  • arrowThe company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and the company's management will have broad discretion over the use of the Net Proceeds.
  • arrowThe company's inability to successfully implement some or all the company's business strategies in a timely manner or at all could have an adverse effect on its business.
  • arrowIf the company does not continue to invest in new technologies and equipment, the company's machines and equipment may become obsolete and the company's production costs may increase relative to the company's competitors, which may have an adverse impact on the company's business, results of operations, cash flows and financial condition.
  • arrowAny downgrade of the company's credit ratings could adversely affect its business. Additionally, a downgrade in ratings of India and other jurisdictions the company operates in may affect the trading price of the Equity Shares.
  • arrowThere can be no assurance that the Company will be in a position to pay dividends in the future. The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
  • arrowThe company's Subsidiary may not pay cash dividends on shares that the company holds in them. Consequently, the Company may not receive any return on investments in the company's Subsidiary.
  • arrowInformation relating to the installed capacity and storage capacity of the company's facilities included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
  • arrowCertain sections of this Red Herring Prospectus contain information from the CARE Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
  • arrowThe company has in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the rice industry and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
  • arrowThe company has issued Equity Shares at a price that may be lower than the Issue Price in the last 12 months.
  • arrowThe company has made bonus issuances of securities in the past, and the company cannot's guarantee that the company will be able to make such issuances in the future.
  • arrowThe company has in the past issued Equity Shares for consideration other than cash, and the company cannot's guarantee the consideration received by the company was commensurate with the value of the Equity Shares issued.

Amir Chand Jagadish Kumar Exports Ltd Peer Comparison

Understand the company’s industry standing

LT Foods Limited
Face Value
1
Standalone / Consolidated
Consolidated
Total Income Rs. Cr.
8681.47
EPS-Basis
17.43
EPS-Diluted
17.43
NAV Per Share
21.38
P/E-Basic EPS
21.67
P/E-Diluted EPS
---
RONW(%)
16.81
Latest NAV Period
---
Latest NAV
---
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Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

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The IPO opens on 24 Mar 2026 & closes on 27 Mar 2026.

Amir Chand Jagadish Kumar Exports Limited was incorporated as a public limited company, pursuant to a certificate of incorporation issued on August 29, 2003 by the Registrar of Companies, N.C.T of Delhi and Haryana. Company is a processor and exporter of basmati rice and other FMCG products in India, with extensive sales & distribution network of products. It operate two processing facilities, one in Amritsar-Punjab and the other in Safidon-Haryana. In addition, it works a packaging facility in New Delhi, India. The products in rice division comprise of basmati rice and other specialty rice, such as kolam rice, sona masuri, idli rice and ponni rice. Basmati rice, famous for its aroma and long grains, is a premium variety and one of the most prized varieties of rice. Further, Company also diversified into FMCG products, offering staples and essential kitchen supplies such as aata, maida, sooji, besan, salt and sugar. Products in FMCG segment comprise of kitchen essential supplies, including wheat flour (atta), refined wheat flour (maida), gram flour (besan), instant phirni, idli rice flour, salt, semolina (sooji) and sugar. The Company commenced its business on May 13, 2004. Prior to commencement of business, Company had acquired the erstwhile M/s. Amir Chand Jagdish Kumar', proprietorship Firm of the Promoter, Jagdish Kumar Suri via Takeover Agreement dated January 14, 2005, through the acquisition of Unit II and Unit III business in 2005. In 2010, the Company acquired the Unit I Turbine Plant. The installed capacity of Unit I from 384 MT/day to 576 MT/day in 2013. The Company received approval from Export Inspection Council of India for processing of basmati rice for Unit II in 2017. ACJK Foods Private Limited was incorporated as a wholly owned subsidiary in 2019-20. The Company started production & packaging of new products such as atta, besan, sugar, salt, sooji, and maida in 2023. The Company is planning to raise capital through IPO aggregating Rs 550 Crore equity shares of face value of Rs 10 each through fresh issue.

Amir Chand Jagadish Kumar Exports Ltd IPO will close on 27 Mar 2026.

  • Well established and wide distribution network in India enables us to efficiently penetrate major markets.
  • Strong international presence with exports to over 37 countries.
  • As per CARE Report, basmati rice enjoys a premium status and it being famous for its aroma and long grains, is one of the most prized varieties.
  • Integrated operations with well established quality control system and modern equipment.
  • Strategically located processing facilities in close proximity to basmati producing regions.
  • As per CARE Report, Basmati rice from India has been granted a Geographical Indication (GI) tag, recognizing its unique identity and ensuring protection against counterfeit products in international markets.
  • Experienced management team with Promoters having over four decades of experience in the basmati rice industry in India.
  • Our Company has registered a total of 100 trademarks, including 70 in India and 30 across 26 countries, and 22 copyrights in India.
  • As per Company commissioned CARE Report, we rank 3rd among our peers in terms of revenue, we are among the few Indian branded rice players that have ventured into FMCG staples.
  • Well established and wide distribution network of over 431 distributors in India and 53 distributors globally enables us to efficiently penetrate major markets.
  • Strong international presence with exports to over 38 countries.
  • As per Company commissioned CARE Report, basmati rice enjoys a premium status and it being famous for its aroma and long grains, is one of the most prized varieties.
  • Integrated operations with well established quality control system and modern equipment including equipment imported from Japan, Germany and the United States.
  • Strategically located processing and packaging facilities in Delhi, Haryana and Amritsar are in close proximity to basmati producing regions of northern India including the basmati paddy mandis in the states of Haryana, Punjab and Madhya Pradesh
  • As per Company commissioned CARE Report, Basmati rice from India has been granted a Geographical Indication (GI) tag, recognizing its unique identity and ensuring protection against counterfeit products in international markets.
  • Experienced management team with Promoters having over four decades of experience in the basmati rice industry in India.
  • Our Company has registered a total of 100 trademarks, including 70 in India and 30 across 26 countries, and 22 copyrights in India.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Jagdish Kumar Suri 74101350 89.5 74101350 71.56
2 Rahul Suri 6878850 8.31 6878850 6.64
3 Ramnika Suri 300000 0.36 300000 0.29
4 Siya Malhotra 150000 0.18 150000 0.14
5 Jasmine Suri 150000 0.18 150000 0.14
6 Nishi Saigal 300 --- 300 ---

  • The company's operations are dependent on the supply of raw material. Inadequate or non-availability and fluctuations in the cost of raw material could adversely affect its business, results of operations, cash flows, profitability and financial conditions.
  • During the peak arrival season of paddy harvesting,the Company procures significant quantities of basmati paddy which is the company's primary raw material and for the purpose of doing the same, significant amount of working capital is required.The company's business being working capital intensive, insufficient cash flows or inability to borrow funds to meet its working capital requirements may materially and adversely affect the company's business and operations.
  • The company's packaging units are located in non-conforming industrial areas in Delhi, which may expose the company to regulatory risks, potential relocation, and business disruption.
  • The company relies on procurement agents to procure sufficient raw materials of the desired quality for its processing requirements. Further, the company does not have long-term contracts with its procurement agents and engage them by way of purchase orders. Any failures on the part of such agents to procure, in a timely manner, the desired quality and quantity of raw materials at commercially favourable terms, may adversely affect its operations.
  • A significant portion of its income is derived from the company's export of basmati rice, which may be dependent on the policies passed by the GoI and the governments of the countries where the company exports and any unfavorable change in such policies may adversely affect its business.
  • The company is subject to quality requirements from its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's business, results of operations, cash flows and financial condition.
  • If the company is subject to product liability and other civil claims and costs incurred because of product recalls, it could expose the company to costs and liabilities and adversely affect its reputation, business, revenues and profitability.
  • In the nine months ended December 31, 2024, the company deriveds more than 40% of its revenue from operations from top 10 customers, more than 20% of its revenue from operations from the company's top three customers, with our single largest customer contributing more than 5% of its revenue from operations in these periods. Loss of any of these customers or a reduction in purchases by any of them could adversely affect the company's business, results of operations, cash flows and financial condition.
  • The company's relationship with its distributors is critical to the company's business. The company does not enter into long-term arrangements with the company's distributors, and the company cannot assure you that the company will be able to sell the quantities the company has historically supplied, which could have an adverse impact on its sales, business growth and prospects, results of operations and financial condition.
  • Any decrease in the market price of Basmati rice between purchasing raw materials and selling Basmati rice may adversely affect its financial condition.
  • Improper storage, processing and handling of raw materials and basmati rice may cause damage to its inventory leading to adverse effect on the company's business and results of operations.
  • The company has recently entered into the business of distributing FMCG products which is a relatively new business for the Company. If the company's FMCG products fails to gain market acceptance, the company's overall profitability may be adversely affected.
  • The company is unable to trace some of its historical records with respect to secretarial forms filed with the Registrar of Companies. Additionally, there are certain discrepancies/errors/non-filing/non-availability which have occurred in some of our corporate records relating to forms filed with the RoC and other provisions of Companies Act, 1956 and Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
  • There are outstanding legal proceedings against the Company, the company's Promoters, and some of its Directors. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely affect its business, results of operations, cash flows and financial condition.
  • Delay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on its business, results of operations, cash flows and financial condition.
  • The company may incur higher advertising and marketing expenses to enhance our brand image and its business may be adversely affected if the company is unable to maintain and grow its brand image.
  • The company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnel, and Senior Management as well as our ability to attract and retain personnel with technical expertise. The company's inability to retain its Promoters, Directors, Key Managerial Personnel and Senior Management or the company's ability to attract and retain other personnel with technical expertise could adversely affect its business, results of operations, cash flows and financial condition.
  • The company's business is dependent and will continue to depend on its processing facilities, and the company is subject to certain risks in the company's processing operations. Any slowdown or shutdown in the company's processing operations that could interfere with its operations could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • Uncertainty of supply contracts for its basmati rice from customers could adversely affect the company's business and results of operations.
  • The company's business faces the prospect of increased competition due to increased consolidation in the fragmented basmati rice sector, which may adversely affect its market share and business.
  • The company has currently obtained on lease its Registered and Corporate Office, the company's packaging facility and some of its storage facilities. If these leases are terminated or not renewed on terms acceptable to the company, it could have a material adverse effect on the company's business, financial condition and results of operations.
  • Under-utilization of its installed processing capacities and an inability to effectively utilize these capacities could have an adverse effect on its business, future prospects and future financial performance. Further, the company's inability to accurately forecast demand for its products may have an adverse effect on the company's business, results of operations, cash flows and financial condition.
  • If the company is unable to adapt to change of customer preference, the company's growth will be adversely affected.
  • The company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
  • The company is dependents on contract labour and any disruption to the supply of such labour for its processing facilities or the company's inability to control the composition and cost of its contract labour could adversely affect the company's operations.
  • The company uses third party transportation and logistics service providers for delivery of its products to its customers and distributors as well as raw materials to the company's processing facilities. Any delay in delivery of its products or raw materials or increase in the charges of these entities could adversely affect the company's business, results of operations, cash flows and financial condition. The company also may be exposed to the risk of theft, accidents and/or loss of its products in transit.
  • The company dependents on third parties for the supply of utilities, such as electricity, water and fuel and any disruption in the supply of such utilities could adversely affect its processing operations.
  • Failures or disruption of its IT systems may adversely affect the company's business, results of operations, cash flows and financial condition.
  • The company's employees may engage in misconduct, fraud or other improper activities, including non-compliance with regulatory standards and requirements.
  • If the company is unable to establish and maintain an effective internal controls and compliance system, the company's business and reputation could be adversely affected.
  • The company has substantial capital expenditure and may require additional financing to meet future capital expenditure requirements, which could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • The company's inability to collect receivables in time or at all and default in payment from its distributors, B2B customers, modern trade channels and e-commerce platforms could result in the reduction of the company's profits and affect its cash flows.
  • The company could incur losses under its purchase orders with the company's customers and distributors or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet contract specifications or delivery schedules which may have a material adverse effect on its business, results of operations, cash flows and financial condition.
  • The company has incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business, results of operations, cash flows and financial condition.
  • The company's contingent liabilities could materially and adversely affect its business, results of operations, cash flows and financial condition.
  • The company may not have sufficient insurance coverage to cover its economic losses as well as certain other risks, not covered in the company's insurance policies, which could adversely affect business, results of operations, cash flows and financial condition.
  • Exchange rate fluctuations may adversely affect its results of operations as the company's sales outside India and a portion of its expenditures are denominated in foreign currencies.
  • The company has experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company's ability to operate its business and implement the company's growth plans, thereby affecting its financial condition.
  • Any adverse changes in regulations governing its business, products and the products of the company's customers, may adversely impact its business, prospects and results of operations.
  • Non-compliance with and changes in, safety, health, environmental laws and other applicable regulations in India, may adversely affect the company's business, results of operations, cash flows and financial condition.
  • Any inability to protect the company's intellectual property or any claims that the company infringe on the intellectual property rights of others could have a material adverse effect on the company. Any deterioration in the reputation and market perception of its brands, or if the company's sales and marketing efforts are ineffective, it could adversely affect its sales, profitability and the implementation of the company's growth strategy.
  • The company requires various licenses and approvals for undertaking its businesses and the failures to obtain or retain such licenses or approvals in a timely manner, or at all, may adversely affect the company's business, results of operations, cash flows and financial condition.
  • The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the Shareholders.
  • The company's Subsidiary, Promoters, certain members of its Promoter Group and certain Directors of the Company are in business similar to the company's and may enter into ventures that may lead to real or potential conflicts of interest with its business. Further, the company's Promoters and certain Directors have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits. Any real or potential conflicts of interest that may arise in this regard may materially adversely impact its business, financial condition, results of operations and cash flows.
  • After the completion of the Issue, the company's Promoters will continue to collectively hold substantial shareholding in the Company exercising influence over the company.
  • As a publicly listed company, the company will be subject to additional compliance requirements and increased scrutiny. All of its directors do not have any prior experience of directorship of listed entities, which may affect the ability to meet these additional compliance requirements.
  • The company or the company's customers or counterparties may engage in transactions in or with countries or persons that may have in the past been or may currently be subject to U.S. and other sanctions.
  • Any variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
  • The company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.
  • The company's inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on the company's business.
  • If the company does not continue to invest in new technologies and equipment, the company's machines and equipment may become obsolete and its production costs may increase relative to the company's competitors, which may have an adverse impact on its business, results of operations, cash flows and financial condition.
  • Any downgrade of its credit ratings could adversely affect the company's business. Additionally, a downgrade in ratings of India and other jurisdictions the company operates in may affect the trading price of the Equity Shares.
  • There can be no assurance that the Company will be in a position to pay dividends in the future. The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
  • The company's Subsidiary may not pay cash dividends on shares that the company holds in them. Consequently, the company's Company may not receive any return on investments in its Subsidiary.
  • Information relating to the installed capacity and storage capacity of its facilities included in this Draft Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
  • Certain sections of this Draft Red Herring Prospectus contain information from the CARE Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
  • The company has in this Draft Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the rice industry and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
  • The company has issued Equity Shares at a price that may be lower than the Issue Price in the last 12 months.
  • The company has made bonus issuances of securities in the past, and the company cannot guarantee that the company will be able to make such issuances in the future.
  • The company has in the past issued Equity Shares for consideration other than cash, and the company cannot guarantee the consideration received by its was commensurate with the value of the Equity Shares issued.
  • The company's packaging units are located in non-conforming industrial areas in Delhi, which may expose the company to regulatory risks, potential relocation, and business disruption.
  • The company's operations are dependent on the supply of raw material. Inadequate or non-availability and fluctuations in the cost of raw material could adversely affect its business, results of operations, cash flows, profitability and financial conditions.
  • During the peak arrival season of paddy harvesting, the Company procures significant quantities of basmati paddy which is its primary raw material and for the purpose of doing the same, significant amount of working capital is required. The company's business being working capital intensive, insufficient cash flows or inability to borrow funds to meet its working capital requirements may materially and adversely affect the company's business and operations.
  • The company relies on procurement agents to procure sufficient raw materials of the desired quality for its processing requirements. Further, the company does not have long-term contracts with its procurement agents and engage them by way of purchase orders. Any failures on the part of such agents to procure, in a timely manner, the desired quality and quantity of raw materials at commercially favourable terms, may adversely affect its operations.
  • The company has a high debt equity ratio and have incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business, results of operations, cash flows and financial condition.
  • A significant portion of the company's income is derived from its export of basmati rice, which may be dependent on the policies passed by the GoI and the governments of the countries where the company exports and any unfavorable change in such policies may adversely affect its business.
  • The company is subject to quality requirements from its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's business, results of operations, cash flows and financial condition.
  • If the company is subject to product liability and other civil claims and costs incurred because of product recalls, it could expose the company to costs and liabilities and adversely affect its reputation, business, revenues and profitability.
  • In the six months ended September 30, 2025, The company deriveds 45.03% of its revenue from operations from the company's top 10 customers, 28.92% of its revenue from operations from its top five customers, with our single largest customer contributing to 9.35% of the company's revenue from operations in this periods. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations, cash flows and financial condition.
  • The company's relationship with our distributors is critical to its business. The company does not enter into long-term arrangements with its distributors, and the company cannot's assure you that the company will be able to sell the quantities the company has historically supplied, which could have an adverse impact on the company's sales, business growth and prospects, results of operations and financial condition.
  • Any decrease in the market price of Basmati rice between purchasing raw materials and selling Basmati rice may adversely affect its financial condition.
  • Improper storage, processing and handling of raw materials and basmati rice may cause damage to the company's inventory leading to adverse effect on the company's business and results of operations.
  • The company has recently entered into the business of distributing FMCG products which is a relatively new business for the Company. If its FMCG products fails to gain market acceptance, the company's overall profitability may be adversely affected.
  • The company has experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company's ability to operate its business and implement the company's growth plans, thereby affecting its financial condition.
  • The company's contingent liabilities could materially and adversely affect its business, results of operations, cash flows and financial condition.
  • The company is unable to trace some of its historical records with respect to secretarial forms filed with the Registrar of Companies. Additionally, there are certain discrepancies/errors/non-filing/non-availability which have occurred in some of the company's corporate records relating to forms filed with the RoC and other provisions of Companies Act, 1956 and Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
  • There are outstanding legal proceedings against the Company, the company's Promoters, and some of its Directors. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect the company's business, results of operations, cash flows and financial condition.
  • Delay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on the company's business, results of operations, cash flows and financial condition.
  • The company depends on the strength of its brand and reputation of the Company and Promoters. Further, the company may incur higher advertising and marketing expenses to enhance its brand image and the company's business may be adversely affected if the company is unable to maintain and grow its brand image.
  • Exchange rate fluctuations may adversely affect its results of operations as the company's sales outside India and a portion of the company's expenditures are denominated in foreign currencies.
  • High working capital requirements during peak season results in elevated borrowings, and any acceleration of repayment obligations or a withdrawal or reduction of sanctioned limits by lenders could materially impact its liquidity position, results of operations, and adversely affect the company's financial condition.
  • The company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnel, and Senior Management as well as the company's ability to attract and retain personnel with technical expertise. The company's inability to retain our Promoters, Directors, Key Managerial Personnel and Senior Management or the company's ability to attract and retain other personnel with technical expertise could adversely affect its business, results of operations, cash flows and financial condition.
  • The company's business is dependent and will continue to depend on its processing facilities, and the company is subject to certain risks in the company's processing operations. Any slowdown or shutdown in its processing operations that could interfere with the company's operations could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • Uncertainty of supply contracts for its basmati rice from customers could adversely affect the company's business and results of operations.
  • The company's business faces the prospect of increased competition due to increased consolidation in the fragmented basmati rice sector, which may adversely affect its market share and business.
  • The company has currently obtained on lease its Registered and Corporate Office, the company's packaging facility and some of its storage facilities. If these leases are terminated or not renewed on terms acceptable to the company, it could have a material adverse effect on the company's business, financial condition and results of operations.
  • Under-utilization of the company's installed processing capacities and an inability to effectively utilize these capacities could have an adverse effect on its business, future prospects and future financial performance. Further, the company's inability to accurately forecast demand for its products may have an adverse effect on the company's business, results of operations, cash flows and financial condition.
  • If the company is unable to adapt to change of customer preference, the company's growth will be adversely affected.
  • The company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
  • The company is dependent on contract labour and any disruption to the supply of such labour for its processing facilities or the company's inability to control the composition and cost of its contract labour could adversely affect the company's operations.
  • The company uses third party transportation and logistics service providers for delivery of the company's products to its customers and distributors as well as raw materials to the company's processing facilities. Any delay in delivery of its products or raw materials or increase in the charges of these entities could adversely affect the company's business, results of operations, cash flows and financial condition. The company also may be exposed to the risk of theft, accidents and/or loss of its products in transit.
  • The company is dependent on third parties for the supply of utilities, such as electricity, water and fuel and any disruption in the supply of such utilities could adversely affect its processing operations.
  • Failures or disruption of the company's IT systems may adversely affect its business, results of operations, cash flows and financial condition.
  • The company's employees may engage in misconduct, fraud or other improper activities, including non-compliance with regulatory standards and requirements.
  • If the company is unable to establish and maintain an effective internal controls and compliance system, the company's business and reputation could be adversely affected.
  • The company has substantial capital expenditure and may requires additional financing to meet future capital expenditure requirements, which could have an adverse effect on the company's business, results of operations, cash flows and financial condition.
  • The company's inability to collect receivables in time or at all and default in payment from its distributors, B2B customers, modern trade channels and e-commerce platforms could result in the reduction of the company's profits and affect its cash flows.
  • The company coulds incur losses under the company's purchase orders with its customers and distributors or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet contract specifications or delivery schedules which may have a material adverse effect on the company's business, results of operations, cash flows and financial condition.
  • The company may not have sufficient insurance coverage to cover the company's economic losses as well as certain other risks, not covered in the company's insurance policies, which could adversely affect business, results of operations, cash flows and financial condition.
  • Negative publicity involving endorsing celebrities may adversely impact its brand image and business operations.
  • Any adverse changes in regulations governing its business, products and the products of the company's customers, may adversely impact its business, prospects and results of operations.
  • Non-compliance with and changes in, safety, health, environmental laws and other applicable regulations in India, may adversely affect its business, results of operations, cash flows and financial condition.
  • The availability of counterfeit products and any inability to protect its intellectual property or any claims that the company infringes on the intellectual property rights of others could have a material adverse effect on the company. Any deterioration in the reputation and market perception of the company's brands, or if its sales and marketing efforts are ineffective, it could adversely affect the company's sales, profitability and the implementation of its growth strategy.
  • The company requires various licenses and approvals for undertaking its businesses and the failures to obtain or retain such licenses or approvals in a timely manner, or at all, may adversely affect the company's business, results of operations, cash flows and financial condition.
  • The company has in the past entered into related party transactions and may continue to does so in the future, which may potentially involve conflicts of interest with the Shareholders.
  • The company's Subsidiary, Promoters, certain members of its Promoter Group and certain Directors of the Company are in business similar to the company's and may enter into ventures that may lead to real or potential conflicts of interest with its business. Further, the company's Promoters and certain Directors have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits. Any real or potential conflicts of interest that may arise in this regard may materially adversely impact its business, financial condition, results of operations and cash flows.
  • Exposure to credit risk may disrupt the buying cycle and adversely impact its operations and cash flows.
  • After the completion of the Issue, the company's Promoters will continue to collectively hold substantial shareholding in the Company exercising influence over the company.
  • As a publicly listed company, the company will be subject to additional compliance requirements and increased scrutiny. All of the company's directors does not have any prior experience of directorship of listed entities, which may affect the ability to meet these additional compliance requirements.
  • The company is or the company's customers or counterparties may engage in transactions in or with countries or persons that may have in the past been or may currently be subject to U.S. and other sanctions.
  • Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
  • The company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and the company's management will have broad discretion over the use of the Net Proceeds.
  • The company's inability to successfully implement some or all the company's business strategies in a timely manner or at all could have an adverse effect on its business.
  • If the company does not continue to invest in new technologies and equipment, the company's machines and equipment may become obsolete and the company's production costs may increase relative to the company's competitors, which may have an adverse impact on the company's business, results of operations, cash flows and financial condition.
  • Any downgrade of the company's credit ratings could adversely affect its business. Additionally, a downgrade in ratings of India and other jurisdictions the company operates in may affect the trading price of the Equity Shares.
  • There can be no assurance that the Company will be in a position to pay dividends in the future. The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
  • The company's Subsidiary may not pay cash dividends on shares that the company holds in them. Consequently, the Company may not receive any return on investments in the company's Subsidiary.
  • Information relating to the installed capacity and storage capacity of the company's facilities included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
  • Certain sections of this Red Herring Prospectus contain information from the CARE Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
  • The company has in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the rice industry and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
  • The company has issued Equity Shares at a price that may be lower than the Issue Price in the last 12 months.
  • The company has made bonus issuances of securities in the past, and the company cannot's guarantee that the company will be able to make such issuances in the future.
  • The company has in the past issued Equity Shares for consideration other than cash, and the company cannot's guarantee the consideration received by the company was commensurate with the value of the Equity Shares issued.

The Issue type of Amir Chand Jagadish Kumar Exports Ltd is Book Building.

The minimum application for shares of Amir Chand Jagadish Kumar Exports Ltd is 70.

The total shares issue of Amir Chand Jagadish Kumar Exports Ltd is 20754716.

Initial public offer of up to 20754716 equity shares of face value Rs. 10 each ("Equity Shares") of Amir Chand Jagdish Kumar (Exports) Limited ("Company" or "Issuer") for cash at a price of Rs. 212 per equity share (including a share premium of Rs. 202 per Equity Share) (the "Issue Price"), aggregating up to Rs. 440 Crores (the "Issue"). The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company. The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 50.00 crores prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue will be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken). Price Band: Rs. 201 to Rs. 212 per equity share of face value of Rs. 10 each. The floor price is 20.10 times of the face value of the equity shares and the cap price is 21.20 times of the face value of the equity shares. Bids can be made for a minimum of 70 equity shares of face value of Rs. 10 each and in multiples of 70 equity shares of face value of Rs. 10 each thereafter.