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Rukmani Devi Garg Agro Impex IPO

₹1,11,600/1200 shares

Minimum Investment

IPO Details

Open Date

26 Sep 25

Close Date

30 Sep 25

Minimum Investment

1,11,600

Lot Size

1200

Price Range

93 to ₹99

Listing Exchange

BSE

Issue Size

23.52 Cr

Listing Date

06 Oct 25

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Rukmani Devi Garg Agro Impex IPO Timeline

Bidding Start

26 Sep 25

Bidding Ends

30 Sep 25

Allotment Finalisation

01 Oct 25

Refund Initiation

03 Oct 25

Demat Transfer

03 Oct 25

Listing

06 Oct 25

About Rukmani Devi Garg Agro Impex Limited

Incorporated in 1998, Rukmani Devi Garg Agro Impex Limited operates in the agro-processing sector, focusing on the import, export, and processing of agricultural products. The company procures wheat, mustard, coriander, maize, flax seeds, and soybeans from over 500 agents across Rajasthan and Madhya Pradesh.

It owns 3 warehouses (20,000 MT capacity) and leases 2 more (20,000 MT). Its processing facility spans 2,290 sq. mtr with 3,500 MT storage capacity. Distribution covers 118 dealers across India. Processed products are sold under brands like “Sharbati,” “Happyfamily,” and “Taj Mahal.”

Rukmani Devi Garg Agro Impex IPO Overview

The Rukmani Devi Garg Agro Impex IPO is a book building issue worth ₹23.52 crores, consisting entirely of a fresh issue of 0.24 crore shares. The IPO opens for subscription on 26 September 2025 and closes on 30 September 2025, with allotment expected to be finalised on 1 October 2025. The shares are set to list on BSE SME, with a tentative listing date of 6 October 2025. The price band for the IPO is fixed between ₹93 and ₹99 per share, and the lot size for an application is 1,200 shares. For retail investors, the minimum investment amounts to ₹2,37,600 for 2,400 shares at the upper price, while the minimum lot size investment for HNIs is three lots, totaling 3,600 shares or ₹3,56,400. Fedex Securities Pvt. Ltd. is appointed as the book running lead manager, Bigshare Services Pvt. Ltd. as the registrar, and Aftertrade Broking Pvt. Ltd. as the market maker for the issue.

Rukmani Devi Garg Agro Impex IPO Details

Particulars Details
IPO Date 26 September 2025 to 30 September 2025
Listing Date 6 October 2025 (Tentative)
Face Value ₹10 per share
Issue Price Band ₹93 to ₹99 per share
Lot Size 1,200 Shares
Total Issue Size 23,76,000 shares (₹23.52 Cr)
Fresh Issue 23,76,000 shares (₹23.52 Cr)
Offer for Sale NA
Issue Type Bookbuilding IPO
Listing At BSE SME
Share Holding Pre Issue 65,00,000 shares
Share Holding Post Issue 88,76,000 shares
Market Maker Portion 1,20,000 shares

Rukmani Devi Garg Agro Impex IPO Reservation

Investor Category Shares Offered
QIB Not more than 50% of the Net Issue
Retail Not less than 35% of the Net Issue
NII (HNI) Not less than 15% of the Net Issue

Rukmani Devi Garg Agro Impex IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,400 ₹2,37,600
Retail (Max) 2 2,400 ₹2,37,600
HNI (Min) 3 3,600 ₹3,56,400
HNI (Max) 8 9,600 ₹9,50,400
B-HNI (Min) 9 10,800 ₹10,69,200

Rukmani Devi Garg Agro Impex IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 100%
Post-Issue 73.22%

Rukmani Devi Garg Agro Impex IPO Valuation Overview

KPI Value
EPS 7.72
P/E Ratio 11.61 (Post IPO)
Return on Net Worth (RoNW) 20.18%
Net Asset Value (NAV) ₹38.24
Return on Equity (ROE) 23.35%
Return on Capital Employed (ROCE) 15.61%
EBITDA Margin 3.87%
PAT Margin 2.32%
Debt to Equity Ratio 1.52

Objectives of the Proceeds

  • Funding working capital requirements: ₹16.5 Cr
  • General corporate purposes, including expansion and operational expenses

Key Financials (₹ Crore)

Particulars 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 110.81 55.60 45.69
Revenue 327.32 245.02 248.50
Profit After Tax 7.57 5.02 0.47
Reserves and Surplus 25.93 18.36 13.34
Total Borrowings 49.21 26.84 25.13

SWOT Analysis of Rukmani Devi Garg Agro Impex IPO

Strength and Opportunities

  • Experienced promoter and management team
  • Strong procurement and distribution network
  • Large, automated processing and storage facilities
  • Established brand presence in processed products
  • Long-standing client relationships

Risks and Threats

  • Limited international market exposure
  • Moderate debt to equity ratio 1.52
  • Agro commodity price volatility risk
  • Dependency on seasonal crop availability
  • Competition from larger agro processors

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About Rukmani Devi Garg Agro Impex

Rukmani Devi Garg Agro Impex IPO Strengths 

  • Promoters and management team have extensive experience and entrepreneurial expertise.
  • Well-established presence in domestic agro markets with consistent client relationships.
  • Large-scale procurement and storage facilities for efficient operations.
  • Strong distribution network covering 118 dealers across India.
  • Focus on quality and processing under reputed brands like “Sharbati” and “Happyfamily.”

Peer Comparison (as on 31 March 2025)

Company Name EPS (Basic) EPS (Diluted) NAV (₹ per share) P/E (x) RoNW (%) P/BV Ratio
Rukmani Devi Garg Agro Impex Limited 7.72 7.72 38.24 11.61 20.18 1.98
Nhc Foods Ltd. 0.11 0.11 23.43 2.37 8.45 0.04
Neelkanth Limited 0.02 0.02 21.99 34.11 3.14 2.33

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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