Rukmani Devi Garg Agro IPO Subscribed 3.03x on Day 2, NIIs Lead Investor Interest

Kota, September 29, 2025: Rukmani Devi Garg Agro Impex Ltd’s Initial Public Offering (IPO) sustained strong investor interest on the second day of bidding. As of 12:34 PM, the IPO was subscribed 3.03 times, driven largely by heavy participation from Non-Institutional Investors (NIIs).

Launched on 26 September 2025, the ₹23 crore IPO carries a price band of ₹93-₹99 per share. The subscription window will remain open until 30 September 2025, with the shares scheduled to list on the BSE SME platform on 6 October 2025.

Rukmani Devi Garg Agro Impex Ltd. was established in 1998. It is a Kota-based agro produce aggregator as well as agro-processor having significant presence in wheat, mustard, maize, soyabean, and flax seeds. The company operates automatic wheat processing plants with a capacity of 200 MT per day and maintains a warehousing capacity of 40,000 MT. Its branded offerings, including Sharbati, Happy Family, and Taj Mahal, are distributed through an expanding network across multiple Indian states

Rukmani Devi Garg Agro IPO Day 2 Subscription Status (as of 12:40 PM)

Rukmani Devi Garg Agro Impex’s initial public offering (IPO) saw strong investor demand, with subscriptions reaching 3.03 times until 12:34 PM on Day 2, September 29, 2025.

The individual investors category subscribed 1.83 times, indicating decent demand from retail investors. Qualified Institutional Buyers (QIBs), other than anchors, demonstrated prudent participation through a subscription of 0.98 times.

This NII’s segment was subscribed 12.67 times. Of this, bids sized higher than ₹10 lakh (bNIIs) stood at 18.39 times, and smaller investors (sNIIs) accounted for a moderate subscription of 1.23 times. The market maker part was subscribed fully, i.e., at 1 time.

The IPO received bids for a total of 68.44 lakh shares, significantly higher than the offered 22.56 lakh shares, resulting in a cumulative bid value of ₹67.76 crore. The initial subscription profile indicates strong demand from large investors, while retail participation remains positive, reflecting broad interest and confidence in the offering.

Outlook

Rukmani Devi Garg Agro IPO has already crossed full subscription within two days, registering strong participation from NIIs and enhanced traction among retail investors. With just a couple of days left, market observers will be watching to see whether institutional bids gain momentum to push the issue further into the oversubscription zone.

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