Aeroplane Basmati Rice's Rs 440-crore IPO to open on March 24, listing scheduled on April 2
Aeroplane Basmati Rice's Rs 440-crore IPO to open on March 24, listing scheduled on April 2
Amir Chand Jagdish Kumar (Exports), the processor and exporter of basmati rice under the brand Aeroplane, will open its Rs 440-crore maiden public issue for subscription on March 24. The three days offer will close on March 27.
The IPO comprises of entirely fresh issue with no offer-for-sale component.
The offer size has been reduced from Rs 550 crore planned by the company as per the Draft Red Herring Prospectus filed in June 2025. The SEBI has given its approval to the IPO in October 2025.
Of the IPO size, the company has already raised Rs 13 crore in pre-IPO round of 7.55 lakh shares at a price of Rs 172 per share. It is valued at Rs 1,877 crore.
The one-day IPO anchor book will be opened on March 23. The company will finalise IPO share allotment by March 30, and make its market debut on April 2.
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