Amir Chand Jagdish Kumar IPO Day 3: Subscribed 1.63x, GMP trends - Should you apply?

Amir Chand Jagdish Kumar Exports' Rs 440 crore IPO concludes today. The offering is seeing robust demand, particularly from Non-Institutional Investors. The grey market suggests a listing price around Rs 220. The company plans to use the funds for working capital. This IPO aims to strengthen its position in the basmati rice and FMCG sectors.