Aeroplane Basmati Rice Maker Secures SEBI Nod for Rs 550 Crore IPO
Amir Chand Jagdish Kumar Exports, the company behind the Aeroplane rice brand, has received SEBI approval for its IPO. The company plans to raise Rs 550 crore through a 100% fresh issue. The IPO includes a potential pre-IPO placement of up to Rs 50 crore. The company, with over 40 sub-brands, operates three facilities in northern India. For the nine months ended December 31, it reported revenue of Rs 1,421.30 crore and profit after tax of Rs 48.77 crore. Emkay Global Financial Services and Keynote Financial Services are the lead managers, with KFin Technologies as the registrar.
*this image is generated using AI for illustrative purposes only.
Haryana-based Amir Chand Jagdish Kumar Exports, the company behind the popular Aeroplane rice brand, has received the green light from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The company plans to raise Rs 550 crore through this offering, which will consist entirely of fresh shares.
IPO Details
- Offering Size: Rs 550 crore
- Offer Type: 100% fresh issue
- Pre-IPO Placement: Potential placement of up to Rs 50 crore
Company Overview
Amir Chand Jagdish Kumar Exports is a prominent processor and exporter of rice products, with the Aeroplane brand being its flagship offering. The company's business model is heavily focused on rice products, which account for 99% of its revenue. It operates under more than 40 sub-brands and has a strong presence in the rice market.
Operational Footprint
The company maintains three facilities strategically located across northern India:
- Punjab
- Haryana
- New Delhi
Financial Performance
For the nine months ended December 31, the company reported:
| Metric | Amount (in Rs crore) |
|---|---|
| Revenue | 1,421.30 |
| Profit After Tax | 48.77 |
IPO Particulars
- Lead Managers:
- Emkay Global Financial Services
- Keynote Financial Services
- Registrar: KFin Technologies
This IPO presents an opportunity for investors to participate in the growth of a well-established player in the rice processing and export industry. The company's strong brand presence, diversified product portfolio with over 40 sub-brands, and strategic manufacturing locations position it well in the market.
The decision to go for a 100% fresh issue indicates that the company is looking to raise capital for expansion or other strategic initiatives, rather than providing an exit to existing shareholders. This could be viewed positively by potential investors as it suggests a focus on future growth.
The potential pre-IPO placement of up to Rs 50 crore is another interesting aspect to watch. If executed, it could provide the company with additional capital ahead of the public offering and potentially indicate strong interest from institutional investors.
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