The Securities and Exchange Board of India (SEBI) has granted its latest IPO approval to Aeroplane Basmati (Amir Chand Jagdish Kumar Exports), marking another significant milestone for India’s vibrant primary market. The company, a well-established name in the rice export industry, has received its official observation letter from SEBI on 08 October 2025, paving the way for its maiden public offering.
This approval highlights continued momentum in SEBI’s weekly clearance list and reflects growing investor appetite for export-oriented and agri-linked businesses.
Aeroplane Basmati: Company Overview
Amir Chand Jagdish Kumar Exports (ACJK Exports) is among India’s oldest and most reputed players in the premium basmati rice export segment. Headquartered in New Delhi, the company has built an extensive global footprint across more than 45 countries, supplying high-quality rice under various brand labels.
Founded several decades ago, ACJK Exports has established a vertically integrated supply chain — from paddy procurement and milling to packaging and distribution. Its focus on superior grain quality, sustainability, and adherence to global food safety norms has earned it long-standing relationships with international clients, including retailers and institutional buyers across the Middle East, Europe, and North America.
The company’s growth mirrors India’s overall dominance in the global rice trade, with basmati rice continuing to be one of the nation’s top agricultural export commodities.
Aeroplane Basmati IPO Details: Fresh Issue to Fuel Expansion and Modernization
Amir Chand Jagdish Kumar Exports filed its Draft Red Herring Prospectus (DRHP) with SEBI on 02 July 2025 through Emkay Global Financial Services, the lead book-running manager for the issue.
The company’s IPO is structured as a Fresh Issue of equity shares — with no Offer for Sale (OFS) component — suggesting that all proceeds from the offering will directly benefit the company rather than existing shareholders. While the exact IPO size has not been publicly disclosed in SEBI’s observation summary, market sources indicate that the issue is expected to be in the range of INR 500–700 crore, subject to final confirmation in the Red Herring Prospectus.
The funds raised through the IPO are likely to be utilized towards:
- Establishing new processing and warehousing facilities in northern India.
- Upgrading existing rice milling units with advanced automation and quality control systems.
- Strengthening the company’s working capital base to support export growth.
- General corporate purposes and debt reduction.
Timeline and Regulatory Milestones
| Event | Date |
|---|---|
| DRHP Filing | 2 July 2025 |
| SEBI Observation Letter (Approval) | 8 October 2025 |
| Lead Manager | Emkay Global Financial Services |
| Type of Issue | IPO (Fresh) |
| Estimated Issue Size | INR 500–700 crore (tentative) |
This clearance was part of SEBI’s weekly observation list dated 08 October 2025, where the regulator issued approvals to multiple companies, including Clean Max Enviro Energy Solutions and Molbio Diagnostics.
Sector Outlook: India’s Agri-Export Story Gathers Steam
The timing of ACJK Exports’ approval is significant. India’s agri-export sector, particularly rice, continues to perform strongly despite global supply chain volatility. The country accounted for nearly 40% of the world’s rice exports in 2024–25, driven by resilient demand for basmati varieties.
Given this macro backdrop, investors are likely to see ACJK Exports as a play on India’s agricultural trade and food processing potential. Analysts believe the company’s strong brand recall, disciplined procurement network, and consistent export margins could make it one of the more stable offerings in the mid-cap IPO segment of FY2025–26.
Looking Ahead
The SEBI approval now clears the path for Amir Chand Jagdish Kumar Exports to proceed with its IPO launch, subject to market conditions. The public issue is expected to debut on Indian bourses — BSE and NSE — within the next few months, after obtaining stock exchange in-principle approvals.
The company’s listing will not only help it unlock shareholder value but also support its next phase of expansion in value-added food products and branded retail exports.
As SEBI continues to clear IPOs across diverse sectors — from renewable energy to consumer goods — the inclusion of ACJK Exports underscores the growing confidence in India’s traditional export industries. Investors will be closely watching this upcoming IPO as another promising entry from India’s thriving agri-export domain.
In summary: Latest SEBI IPO Approval for Aeroplane Basmati adds another marquee name to the 2025 IPO pipeline, representing both heritage and growth potential. With robust fundamentals, a global customer base, and renewed expansion ambitions, the company stands poised to make a notable debut on Dalal Street in the coming quarters.
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