Rukmani Devi Garg Agro Impex Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,128,000 (47%) | — | ₹1,117 Cr |
| NII (HNI) | — | 338,400 (14%) | — | ₹335 Cr |
| Retail | — | 789,600 (33%) | — | ₹782 Cr |
| Market Maker | — | 120,000 (5%) | — | ₹12 Cr |
| Σ Total | — | 2,376,000 (100%) | — | ₹23,522 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹118,800 |
| Retail (Max) | 13 | 15,600 | ₹1,544,400 |
| S-HNI (Min) | 14 | 16,800 | ₹1,663,200 |
| B-HNI (Min) | 67 | 80,400 | ₹7,959,600 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 327 | 245 | 249 |
| EBITDA | 13 | 8 | 3 |
| Profit After Tax | 8 | 5 | 0 |
| Net Worth | 32 | 25 | 20 |
| Total Assets | 111 | 56 | 46 |
| Reserves & Surplus | 26 | 18 | 13 |
| Total Borrowing | 49 | 27 | 25 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements – 16.5
- General Corporate Purposes –
Company Overview
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.