Amir Chand Jagdish Kumar Exports receives SEBI's nod for IPO. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Amir Chand Jagdish Kumar Exports, a leading processor and exporter of basmati rice and FMCG products, has received the green light from the Securities and Exchange Board of India on Tuesday to proceed with its proposed initial public offering.

The Haryana-based company, known for its flagship rice brand Aeroplane, plans to raise Rs 550 crore through the IPO. The issue will be an entirely fresh issue of shares, with no offer-for-sale component.

In addition, the company may explore a pre-IPO placement of up to Rs 50 crore, which would be adjusted against the overall issue size.

Amir Chand Jagdish Kumar Exports generates 99% of its business rev

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