Rukmani Devi Garg Agro Impex IPO Details

Bookbuilding IPO | ₹24 Cr | Listed at BSE SME | Fri, Sep 26, 2025 - Tue, Sep 30, 2025

Rukmani Devi Garg Agro Impex IPO Logo

Rukmani Devi Garg Agro Impex IPO is a book build issue of ₹23.52 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹23.52 crore.

Rukmani Devi Garg Agro Impex IPO bidding started from Sep 26, 2025 and ended on Sep 30, 2025. The allotment for Rukmani Devi Garg Agro Impex IPO was finalized on Oct 1, 2025. The shares got listed on BSE SME on Oct 6, 2025.

Rukmani Devi Garg Agro Impex IPO price band is set at ₹99 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,37,600 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,56,400.

Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..

Refer to Rukmani Devi Garg Agro Impex IPO RHP for detailed Information.

IPO Open

Fri, Sep 26, 2025

IPO Close

Tue, Sep 30, 2025

Issue Price

₹99 per share

Market Cap (Pre-IPO)

₹87.87 Cr

IPO Details

IPO Date26 to 30 Sep, 2025
Listed onMon, Oct 6, 2025
Face Value10 per share
Price Band₹93 to ₹99
Issue Price₹99 per share
Lot Size1,200 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size23,76,000 shares
(agg. up to ₹24 Cr)
Reserved for Market Maker
1,20,000 shares
(agg. up to ₹1 Cr)
Sunflower Broking Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
22,56,000 shares
(agg. up to ₹22 Cr)
Net Offered to Public22,56,000 shares
(agg. up to ₹22 Cr)
Share Holding Pre Issue65,00,000 shares
Share Holding Post Issue88,76,000 shares
BSE Script Code 544552
ISININE0S5T01017

IPO Timetable

Issue Reservation

Rukmani Devi Garg Agro Impex IPO comprises a total issue size of 23,76,000 shares. The net offer to the public is 22,56,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 11,28,000 (50.00%) are allocated to QIB, 3,38,400 (15.00%) allocated to NII 7,89,600 (35.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 11,28,00050.00%47.47%
NII (HNI) Shares Offered 3,38,40015.00%14.24%
  − bNII > ₹10L 2,25,6009.49%
  − sNII < ₹10L 1,12,8004.75%
Retail Shares Offered 7,89,60035.00%33.23%
Firm Reservations
Market Maker Shares Offered 1,20,0005.05%
Total Shares Offered 23,76,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. 

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

About Rukmani Devi Garg Agro Impex Ltd.

Incorporated in 1998, Rukmani Devi Garg Agro Impex Limited is a company engaged in the agro-processing industry, primarily focusing on the import and export of agricultural products, food processing, and related services.

The company may be involved in the trading, distribution, or manufacturing of a variety of agricultural goods, aiming to serve both domestic and international markets.

The company primarily procures wheat, mustard, coriander, maize, flax seeds, and soybeans from over 500 agents across Rajasthan and Madhya Pradesh, who connect the company with the farming community.

As of March 31, 2025, the company owns 3 warehouses with a capacity of 20,000 MT and leases 2 additional warehouses with an aggregate capacity of 20,000 MT. It has a processing capacity in RIICO across 2,290 sq. mtr with a storage capacity of 3,500 MT.

As on March 31, 2025, its distrbution network has 118 dealers and distributors.

Products:

  • The company sells raw agricultural commodities like wheat, mustard, coriander, maize, flax seeds, and soybean, along with processed products such as mustard oil and soybean oil, to diverse customers across India.
  • Starting as an aggregator, the company now processes raw wheat, removing impurities and sorting it. Processed wheat is sold under the brands "Sharbati," "Happyfamily," and "Taj Mahal" through 118 distributors.

Competitive Strengths:

  • Long-standing relationship with the customers from diverse industry.
  • Large scale procurement and storage capabilities.
  • Strategically located and fully automated processing unit and aggregation center.
  • Consistent focus on quality
  • Strong promoter background and an experienced and entrepreneurial management team with a proven track record and a high degree of employee ownership.

Company Financials (Restated Consolidated)

Rukmani Devi Garg Agro Impex Ltd.'s revenue increased by 34% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets110.8155.6045.69
Total Income327.32245.02248.50
Profit After Tax7.575.020.47
EBITDA12.648.173.08
NET Worth32.4324.8619.84
Reserves and Surplus25.9318.3613.34
Total Borrowing49.2126.8425.13
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding the working capital requirements 16.50
2 General Corporate Purposes 3.52

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)11.658.53
P/E (x)8.511.61
Promoter Holding100%73.22%
Market Cap87.87 Cr.
Mr. Vishal Garg, Mrs. Anju Garg, and RDG Capital Private Limited are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
RDGAIL is carrying on the business of agriculture produce aggregator and marketing it through 123 distributors spread across many states. While its top line marked inconsistency, its bottom line outperformed the industry benchmarks. The company has created a niche market for its quality agri products. Based on its recent financial data, the issue appears fully priced. Small equity base post-IPO indicates longer gestation for migration. Well-informed investors may park funds for medium to long term.
Read detail review...

Rukmani Devi Garg Agro Impex IPO Recommendations

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Rukmani Devi Garg Agro Impex IPO Subscription Status (Bidding Detail)

The Rukmani Devi Garg Agro Impex IPO is subscribed 29.59 times on September 30, 2025 5:04:51 PM (Day 3). The public issue subscribed 39.73 times in the individual investors category, 8.24 times in the QIB category, and 77.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times) Shares Offered Shares bid for Total Application
QIB (Ex Anchor)8.2411,28,00092,91,6000
NII* 77.123,38,4002,60,96,4000
    bNII (bids above ₹10L)93.022,25,6002,09,85,600
    sNII (bids below ₹10L)45.311,12,80051,10,800
Individual Investor39.737,89,6003,13,72,8000
Total29.5922,56,0006,67,60,80016,135

Total Application : 16,135

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Book Running Lead Manager Fees 0.45
2 Fees payable to Registrars to the Issue, Legal and Other Advisory Services, Advertising and marketing Expenses, distribution, Printing and Distribution of issue stationery, Brokerage, Selling Commission for SCSB, Register Brokers, Sponsor Bank and upload fees 2.25
3 Fees Payable to Regulators including Stock Exchanges 0.20
4 Others (Fees payable for Market making, Underwriting fees, peer review auditor, secretarial work, out-of-pocket expenses and other expenses.) 0.60

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price99.00
Open79.20
Low75.24
High79.20
Last Trade77.13

Check IPO Performance…

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Rukmani Devi Garg Agro Impex Ltd. Address
Plot No. 7,
Bhamashah Mandi Anantpura,
Kota, Rajasthan, 324005
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IPO FAQs

Rukmani Devi Garg Agro Impex IPO is a SME IPO of 23,76,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200.

The IPO opens on Fri, Sep 26, 2025, and closes on Tue, Sep 30, 2025.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Rukmani Devi Garg Agro Impex IPO using UPI as a payment gateway. Zerodha customers can apply in Rukmani Devi Garg Agro Impex IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Rukmani Devi Garg Agro Impex IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Rukmani Devi Garg Agro Impex IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Rukmani Devi Garg Agro Impex IPO opens on Fri, Sep 26, 2025 and closes on Tue, Sep 30, 2025.

Rukmani Devi Garg Agro Impex IPO lot size is 1200, and the minimum amount required for application is ₹2,37,600, with 2 lots being the minimum application size.

You can apply in Rukmani Devi Garg Agro Impex IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Rukmani Devi Garg Agro Impex IPO will be done on Wednesday, October 1, 2025, and the allotted shares will be credited to your demat account by Fri, Oct 3, 2025. Check the Rukmani Devi Garg Agro Impex IPO allotment status.

The Rukmani Devi Garg Agro Impex IPO listing date is on Mon, Oct 6, 2025.

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