Rice exporter and FMCG firm Amir Chand Jagdish Kumar (Exports) proposes to raise about ₹440 crore through initial public issue (IPO) route, which is entirely a fresh issue of 2.08 crore shares. Price band has been fixed at ₹201 to ₹212 per equity share of face value of ₹10 each.

Amir Chand Jagdish Kumar IPO opens for subscription on March 24 and closes on March 27. The allotment shares are expected to be finalised on Mar 30, while tentative date for listing of shares on the BSE and NSE is April 2.

In an interaction with Fortune India, Rahul Suri, Director and Promoter, shares the company’s listing plans and how it plans to utilise IPO proceeds.

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