Amir Chand Ipo
Amir Chand IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Emkay Global Financial Services Ltd.
Keynote Financial Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | March 24, 2026 |
| IPO Close Date | March 27, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹201 to ₹212 Per Share |
| Issue Size | Approx ₹440 Crores |
| Fresh Issue | Approx ₹440 Crores |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 70 | ₹14,840 |
| Retail Maximum | 13 | 910 | ₹1,92,920 |
| S-HNI Minimum | 14 | 980 | ₹2,07,760 |
| S-HNI Maximum | 67 | 4,690 | ₹9,94,280 |
| B-HNI Minimum | 68 | 4,760 | ₹10,09,120 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 28,30,380 Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
| Anchor Bidding Date | March 23, 2026 |
| Anchor Investors List | |
| Shares Offered | 28,30,380 Shares |
| Anchor Size | 60.00 Cr. |
| lock-in period end date 50% shares (30 Days) | April 29, 2026 |
| lock-in period end date 50% shares (90 Days) | June 28, 2026 |
| IPO Open Date: | March 24, 2026 |
| IPO Close Date: | March 27, 2026 |
| Basis of Allotment: | March 30, 2026 |
| Refunds: | April 1, 2026 |
| Credit to Demat Account: | April 1, 2026 |
| IPO Listing Date: | April 2, 2026 |
| IPO Bidding Cut-off Time: | March 27, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 8,27,96,840 | 99.44% |
| Promoter Holding Post Issue | 10,35,51,556 | 78.78% |
| Purpose | Crores |
| Funding working capital requirements of the Company | ₹- |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹1,317.86 | ₹1,294.62 | ₹17.50 | ₹1,089.06 |
| 2024 | ₹1,551.42 | ₹1,512.10 | ₹30.41 | ₹1,283.53 |
| 2025 | ₹2,004.03 | ₹1,923.80 | ₹60.82 | ₹1,549.03 |
| Sep 2025 | ₹1,024.30 | ₹961.27 | ₹48.65 | ₹1,526.42 |
| KPI | Values |
| ROE: | 17.61% |
| ROCE: | 14.36% |
| EBITDA Margin: | 8.18% |
| PAT Margin: | 3.04% |
| Debt to equity ratio: | 2.07 |
| Earning Per Share (EPS): | ₹7.46 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 17.61% |
| Net Asset Value (NAV): | ₹46.29 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| LT Foods Limited | 17.43 | 21.67 | 16.81% | 21.38 | 8,681.47 Cr. |
| KRBL Limited | 20.80 | 15.04 | 9.43% | 27.20 | 5,593.81 Cr. |
| Chaman Lal Setia Exports Limited | 20.68 | 12.18 | 14.22% | 19.46 | 1,495.26 Cr. |
| GRM Overseas Limited | 10.21 | 15.34 | 16.09% | 15.18 | 1,348.19 Cr. |
| Sarveshwar Foods Limited | 0.28 | 11.79 | 9.68% | 0.93 | 1,136.23 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |