📅 IPO Timeline
- IPO Open Date: 24 March 2026
- IPO Close Date: 27 March 2026
- Allotment Date: 30 March 2026
- Listing Date: 2 April 2026
💰 Price & Investment Details
- Price Band: ₹201 – ₹212 per share
- Lot Size: 70 shares
- Minimum Investment: ₹14,840 (approx.)
- Face Value: ₹10 per share
📊 Issue Size & Structure
- Total Issue Size: ₹440 crore
- Fresh Issue: Entirely fresh issue (no OFS)
- Shares Offered: ~2.08 crore shares
📈 Subscription & GMP (Latest)
- Subscription: ~1.4x (Day 2 approx.)
- NII Demand: Strong (~5x+)
- Retail Demand: Moderate (~50–60%)
- GMP (Grey Market Premium): ~₹7 (≈3% gain)
🏭 About the Company
- Business: Basmati rice processing & export + FMCG products
- Operates across entire rice value chain (procurement → processing → export)
- Products sold under flagship brand “AEROPLANE”
- Exports to 38+ countries
🎯 Use of IPO Funds
- Working capital requirements (~₹400 Cr)
- General corporate purposes
✅ Strengths
- Strong growth in revenue & profits (high CAGR)
- Integrated business model (farm to export)
- Established export presence
⚠️ Risks
- Valuation slightly on higher side vs peers
- Low return ratios (ROCE concern)
- High dependency on rice segment
📊 IPO Review (Market View)
- 👍 Positive: Strong growth + export business
- ⚠️ Negative: Expensive valuation + moderate retail interest
- 📌 Overall View: Moderate – suitable for long-term investors with risk appetite
🧠 Quick Summary (For Your Website)
👉 IPO size ₹440 Cr
👉 Price band ₹201–212
👉 Opens 24 Mar | Closes 27 Mar
👉 Listing 2 April
👉 GMP low (~3%) → limited listing gains expected
