Zeus Charts list 12-24 ANC as 0.216", 12–28 ANF as 0.216" diameter
Since 7/32 is 0.218", If yo use a 12-40 UNS die, you are likely to produce what you want.
Being 0.002" underisze will probably be the truncation applied to Unified threads, so you should have no problem.
Tracy Tools list 7/32 x 36 UNS and say "Many more sizes not listed" so they can probably supply what you want.
I suspect that 7/32 is being quoted as the nearest fractional size to the size 12 Unified threads, so I would turn the blank to 0.216" before using the Dies, since that is the specified OD.
Howard