Rukmani Devi Garg Agro Impex was incorporated on April 17, 1998. The company operates as an agricultural produce aggregator, sourcing crops like wheat, mustard, coriander, maize, flax seeds, and soybean from small farmers. It grades the produce and sells in bulk to corporates, flour mills, oil mills, exporters, and processors across India
| Bidding Dates |
|---|
| 26 Sep 2025 - 30 Sep 2025 |
| Subscription |
|---|
| 28.18x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,23,200 | 2 | 2 | 1200 | 2.4 M | ₹93 - ₹99 | 73.23 % | ₹221.0 M - ₹235.2 M | RHP DOC |
Rukmani Devi Garg Agro Impex IPO SUBSCRIPTION STATUS
30 Sep '25Rukmani Devi Garg Agro Impex IPO overall subscription rate was 28.18 times the total available shares
Rukmani Devi Garg Agro Impex IPO retail subscription rate was 37.8 times in the retail segment
Rukmani Devi Garg Agro Impex IPO non-institutional investor subscription rate was 73.57 times in the non-institutional investor category
Rukmani Devi Garg Agro Impex IPO Qualified Institutional Bidder subscription rate was 7.82 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2025 (Day 3) | 37.8x | 73.57x | 7.82x |
29 Sep 2025 (Day 2) | 4.23x | 15.59x | 1.02x |
26 Sep 2025 (Day 1) | 0.23x | 10.98x | 0.93x |
Rukmani Devi Garg Agro Impex FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 327.0 | 7.6 | -19.6 | -20.1 | 3.9% |
| FY24 | 244.4 | 5.0 | -6.9 | -5.4 | 3.3% |
| FY23 | 248.1 | 0.5 | -1.9 | -1.8 | 1.2% |
Rukmani Devi Garg Agro Impex IPO SUBSCRIPTION STATUS DETAILS
Rukmani Devi Garg Agro Impex had 2.4 M shares on offer
Rukmani Devi Garg Agro Impex IPO offer price was in the range ₹93 - ₹99
Rukmani Devi Garg Agro Impex IPO minimum Investment was ₹223200
Rukmani Devi Garg Agro Impex IPO issue size was ₹ 221.0 M - ₹ 235.2 M
Rukmani Devi Garg Agro Impex had a minimum lot size of 1200 Shares per application
Rukmani Devi Garg Agro Impex NUMBER OF SHARES ON OFFER
Rukmani Devi Garg Agro Impex IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2025 |
| Issue close Date | 30 Sep 2025 |
| Allotment Date | 01 Oct 2025 |
| Refund Date | 03 Oct 2025 |
| Demat Account Credit Date | 03 Oct 2025 |
| Listing Date | 06 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Rukmani Devi Garg Agro Impex Allotment Status | Exchange/ Registrar |
Rukmani Devi Garg Agro Impex IPO subscription opened on 26 Sep 2025, and closed on 30 Sep 2025
IPO allotment for Rukmani Devi Garg Agro Impex was finalized on Wednesday, 01 Oct 2025
IPO listing for Rukmani Devi Garg Agro Impex was on BSE on Monday, 06 Oct 2025
Rukmani Devi Garg Agro Impex IPO LISTING GAINS
| Issue Price (adjusted) | 99.0 |
| Listing Open Price | 79.2 |
| Listing Close Price | 77.1 |
| Listing Gain% | -20.0% |
| Current Gain% | 21.3% |
Rukmani Devi Garg Agro Impex Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rukmani Devi Garg Agro Impex Ltd. | 120.1 | 106.6 | 12 | 0.7 | 0.2 | 14.2 | 11.2 | 460.7 | 40.8 | 8.9 | 17.3 | 10 | 17.3 |
| Varun Beverages Ltd. | 443.7 | 150080 | 44.3 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 795.8 | 14162.6 | 24.9 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 872.2 | 11882.7 | 19.6 | 1.3 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1628 | 10276.3 | 47.8 | 0.2 | 7.5 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 112.8 | 2055.9 | 59.7 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
Rukmani Devi Garg Agro Impex INFORMATION ON IPO ISSUE
About Rukmani Devi Garg Agro Impex
Rukmani Devi Garg Agro Impex was incorporated on April 17, 1998. The company operates as an agricultural produce aggregator, sourcing crops like wheat, mustard, coriander, maize, flax seeds, and soybean from small farmers. It grades the produce and sells in bulk to corporates, flour mills, oil mills, exporters, and processors across India
Object of the Issue
- Funding our working capital requirements
- General corporate purposes
Rukmani Devi Garg Agro Impex - PROMOTERS
| Name |
|---|
| Vishal Garg |
| Anju Garg |
| RDG Capital Private Limited |
Rukmani Devi Garg Agro Impex - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vishal Garg | Chairman & Managing Director |
| Chairman & Managing Director | Whole-time Director |
| Naresh Dutta Sharma | Non - Executive Independent Director |
| Lalit Modi | Non - Executive Independent Director |
| Priyanka Alwani | Non-Executive Independent Director |
Rukmani Devi Garg Agro Impex Book Running Lead Manager
Fedex Securities Private Limited
mb@fedsec.in
Rukmani Devi Garg Agro Impex Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Rukmani Devi Garg Agro Impex Strengths
Procurement & storage capabilities
The company has an extensive procurement network across Rajasthan and Madhya Pradesh, directly and through over 500 agents as of March 31, 2025. This model ensures a steady supply of quality produce at competitive prices, better negotiation terms, bulk discounts, and cost stability, with peak procurement reaching about 20,000 MT in FY25
Consistent focus on quality
The company prioritises quality as the foundation for consumer trust and brand loyalty, ensuring strict control across sourcing, processing, packaging, and distribution. With certifications like ISO 45001, HACCP, ISO 9001, and ISO 22000, it maintains strong supplier relations to secure quality raw materials at competitive rates
Automated processing unit
The company operates two processing units in Kota, Rajasthan, near the Bhamashah Mandi—one of India’s largest agri markets—along with two wheat aggregation centres. With a 200 MT/day capacity and advanced automation, the units benefit from proximity to key agri belts, ensuring efficient sourcing, cost savings, quality control, and product traceability.
Rukmani Devi Garg Agro Impex Risks
Seasonal volatility
The company’s business is exposed to seasonal volatility and is highly sensitive to weather conditions such as droughts or natural disasters. Adverse weather can impact crop choices, commodity prices, and sales, thereby affecting its operations and financial performance
Mishandling risks
The company faces risks of contamination, spoilage, or improper storage of products, which could damage its reputation and financial performance. Factors like moisture, temperature, pests, or diseases may harm stored crops, though no such incidents have occurred in the past
Geographical concentration
The company’s operations are concentrated in Rajasthan and are partly dependent on raw material procurement from Rajasthan and Madhya Pradesh. Any adverse regional, social, economic, or environmental developments in these areas could significantly impact its business, revenue, and financial performance
IPO FAQs
The promoters of the company are Vishal Garg, Anju Garg and RDG Capital Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 93.0 - 99.0.
The IPO application opens on Sep 26, 2025 and closes on Sep 30, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 223,200.0, the maximum value for this IPO is Rs 237,600.0.
This IPO will be allotted on Oct 01, 2025.
The refund will be credited to your account on Oct 03, 2025.
The allotted shares will be credited to your demat on Oct 03, 2025.
Rukmani Devi Garg Agro Impex Ltd.’s shares listed on the stock exchanges on Oct 06, 2025.