Rukmani Devi Garg Agro Impex Limited
Bookbuilding IPO · BSE
- Price band
- ₹93 - ₹99
- Lot size
- 1,200 shares
- Issue amount
- ₹23.52 cr
- Total subscription
- 29.68×
- Opens
- 26 Sept 2025
- Closes
- 30 Sept 2025
- Allotment
- 1 Oct 2025
- Listing
- 6 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 23,76,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,11,600
- Fresh issue
- ₹23.52 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,18,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 65,00,000
- Shares after issue
- 88,76,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,37,600 |
| sHNI | 3 | 3,600 | ₹3,56,400 |
| bHNI | 9 | 10,800 | ₹10,69,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 30 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 13 |
| NIB | 0 | 2,951 |
| RETAIL | 329 | 13,099 |
| HNIs(10L +) | 63 | 1,584 |
| HNIs (2-10L) | 31 | 1,367 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 11.17 | 91.99 |
| FIIs | 0 | 11.1 |
| Others | 0 | 79.88 |
| RETAIL | 7.82 | 311.23 |
| HNIs 2+ | 1.12 | 50.63 |
| HNIs 10+ | 2.23 | 208.95 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0 | 0 | 0 |
| ROE | 23.35 | 20.18 | 2.39 |
| ROCE | 15.61 | 16.6 | 7.11 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 8.5 | 0 | 0 |
| POST IPO(PE) | 11.61 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Rukmani Devi Garg Agro Impex Limited | NA | NA | 10.00 | 38.24 | 20.18 | 7.72 |
| Nhc Foods Limited | 10.79 | 1.11 | 10.00 | 23.43 | 8.45 | 0.11 |
| Neelkanth Limited (Formerly known as RT Exports Limited) | 2472.00 | 49.44 | 10.00 | 21.99 | 3.14 | 0.02 |
Company information
Company profile
Rukmani Devi Garg Agro Impex Limited, established in 1998, operates within the agro-processing industry with a focus on the import and export of agricultural products, food processing, and related services. The company is involved in trading, distribution, and potentially the manufacturing of various agricultural goods, catering to both domestic and international markets. It primarily sources wheat, mustard, coriander, maize, flax seeds, and soybeans through a network of over 500 agents based in Rajasthan and Madhya Pradesh, who act as intermediaries with the farming community. As of March 31, 2025, the company owns three warehouses with a combined storage capacity of 20,000 metric tons and leases two additional warehouses with the same aggregate capacity. Its processing facility, located in RIICO, spans 2,290 square meters and offers a storage capacity of 3,500 metric tons. The company also maintains a distribution network of 118 dealers and distributors. Rukmani Devi Garg Agro Impex Limited offers both raw and processed agricultural products. Its raw commodities include wheat, mustard, coriander, maize, flax seeds, and soybeans, while its processed offerings feature products like mustard oil and soybean oil. Initially starting as an aggregator, the company has since expanded into processing, where it cleans and sorts raw wheat before marketing it under the brands "Sharbati," "Happyfamily," and "Taj Mahal" through its distribution network.
Strengths
- Large-Scale Procurement Network: A wide base of farmers and agents enables bulk procurement of 20,000 MT, ensuring cost efficiency and economies of scale.
- Strong Quality Assurance: End-to-end quality checks with certifications (ISO 45001, HACCP, ISO 9001, ISO 22000) ensure standardized raw materials and consumer trust.
- Proven Leadership Team: Guided by Promoter & MD Mr. Vishal Garg, supported by an experienced management team driving growth and strategic decisions.
Risk factors
- Reliance on External Suppliers: Revenue depends on agri-commodity procurement from third parties, exposing the business to supply risks.
- Commodity Price Fluctuations: Weather, crop yields, global demand-supply, and government policies cause price volatility that can impact profitability.
- High Revenue Concentration: Around 59–69% of revenue comes from the top 10 customers; losing a key client could significantly affect operations and cash flows.
Promoters
Mr. Vishal Garg
Mrs. Anju Garg
RDG Capital Private Limited
Registrar & documents
Lead manager
Fedex Securities private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 7, Bhamashah Mandi Anantpura, Kota, Rajasthan, 324005
+ 91 7891517187
[email protected]Company website ↗Understanding RDGAIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.