Mumbai/IBNS, March 24 -- The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports) Limited opened for subscription on Tuesday, media reports said.

The company aims to sell 2,07,54,716 equity shares, targeting to raise around Rs.440 crore through the issue.

According to a report by Business Today, the proceeds from the fresh issue will be utilised to fund working capital requirements and for general corporate purposes.

With manufacturing and processing facilities across Punjab, Haryana, and Delhi, the business is largely export-driven, with a strong presence in international markets, particularly the Middle East.

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