AMIR CHAND JAGDISH KUMAR (EXPORTS) LIMITED FILES DRHP WITH SEBI FOR UP TO Rs 550 CRORE IPO

Amirchand Jagdish Kumar (Exports) Limited (flagship registered and trademarked brand “AEROPLANE”), a processor and exporter of basmati rice and other FMCG products in India. Leveraging the extensive expertise of our Promoters, our Company benefits from over four decades of experience in the basmati rice industry in India has filed its Draft Red Herring Prospectus (“DRHP”) with the market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds through the offer of equity shares (face value ₹10 each) through initial public offerings aggregating up to ₹ 5500 million (₹550 Crore).

The offer comprises of fresh issue of equity shares aggregating up to ₹ 5500 million (₹550 Crore). (The “Fresh Issue”)

As per the CARE Report, the company is ranked 3rd among its peers in terms of revenue. They are among the few Indian branded rice players that have ventured into FMCG staples. The company believes they are one of the few Indian companies with fully integrated operations with a presence across the basmati rice value chain, with operations that include procurement, storage, processing, marketing, and sales. In addition, they have also diversified into FMCG products, offering staples and essential kitchen supplies such as aata, maida, sooji, besan, salt and sugar, The company market its products under its flagship registered and trademarked brand “AEROPLANE”, with more than 40 different sub-brands for various products, including without limitation, “Aeroplane La-Taste”, “Aeroplane Classic”, “Ali baba”, “World Cup” and “Jet”. As of the date of this Draft Red Herring Prospectus, the company has registered a total of 100 trademarks, including 70 trademarks in India and 30 trademarks across 26 countries, primarily in Europe, Asia, and Africa, and 22 copyrights in India.

The Company proposes to utilize the Net Proceeds towards funding – (i) Funding working capital requirements of the Company, estimated amount to be ₹ 5,000 million [₹ 500 crores], and the balance amount towards general corporate purposes. (The “Object of Issue”).

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). (The “Listing Details”)

Emkay Global Financial Services Limited and KFin Technologies Limited are the Book Running Lead Managers to the issue. (The “BRLMs”)