Rukmani Devi Garg Agro Impex Limited is a growing player in the agro-processing industry, engaged in the import, export, trading, and processing of agricultural products. Established with the objective of bridging the gap between farmers and markets, the company has built its business around sourcing, processing, and distributing a variety of agri-commodities to both domestic and international customers.
The company primarily procures crops such as wheat, mustard, coriander, maize, flax seeds, and soybeans through a strong procurement network of over 500 agents spread across Rajasthan and Madhya Pradesh. By maintaining close connections with the farming community, it ensures consistent supply, quality produce, and long-term relationships with growers.
As of March 31, 2025, the company operates with a solid infrastructure base. It owns three warehouses with a total capacity of 20,000 metric tonnes and has leased two additional warehouses adding another 20,000 metric tonnes of storage. Alongside, it has established a modern processing facility in RIICO spread across 2,290 square meters with a storage capacity of 3,500 metric tonnes. This facility allows the company to process raw commodities, ensuring value addition before the products reach the end consumer.
Rukmani Devi Garg Agro Impex has also developed a wide distribution network consisting of 118 dealers and distributors across India. Its product range covers both raw and processed agricultural commodities. While the company trades in wheat, mustard, coriander, maize, flax seeds, and soybeans, it also offers processed products like mustard oil and soybean oil. Furthermore, its wheat processing operations allow it to market branded products under names such as “Sharbati,” “Happyfamily,” and “Taj Mahal.”
From its beginnings as a simple aggregator of crops, the company has transformed into a processor and brand-driven supplier, steadily expanding its reach in domestic and export markets. With robust infrastructure, strong farmer linkages, and a growing product portfolio, Rukmani Devi Garg Agro Impex Limited continues to strengthen its presence in India’s agro value chain.
Rukmani Devi Garg Agro Impex IPO – Details
| IPO Opening Date | 26 September 2025 |
| IPO Closing Date | 30 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 23,76,000 Shares Worth ₹23.52 Crore Fresh Issue: 23,76,000 Shares Worth ₹23.52 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 to ₹99 per share |
| Market Lot | 1,200 Shares |
| Min Order | 1,200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Rukmani Devi Garg Agro Impex IPO – Date Schedule
| IPO Open Date | 26 September 2025 |
| IPO Close Date | 30 September 2025 |
| Basis of Allotment | 01 Ocotber 2025 |
| Initiation of Refund | 03 Ocotber 2025 |
| Credit of Shares to Demat | 03 Ocotber 2025 |
| IPO Listing Date | 06 Ocotber 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2025 |
Rukmani Devi Garg Agro Impex IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,37,600 |
| 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 |
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 Promoters
- Mr. Vishal Garg
- Mrs. Anju Garg
- RDG Capital Private Limited
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹248.50 Cr | ₹247.85 Cr | ₹0.47 Cr | ₹25.13 Cr |
| 31 March 2024 | ₹245.02 Cr | ₹238.27 Cr | ₹5.02 Cr | ₹26.84 Cr |
| 31 March 2025 | ₹327.32 Cr | ₹317.09 Cr | ₹7.57 Cr | ₹49.21 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.35% |
| ROCE | 15.61% |
| Debt/Equity | 1.52 |
| RoNW | 23.35% |
| PAT Margin | 2.32% |
| EBITDA Margin | 3.87% |
| Price to Book Value | 1.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.65 | 8.53 |
| P/E (x) | 8.5 | 11.61 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding the working capital requirements. | ₹16.50 Cr |
| General Corporate Purposes | – |
✅Strengths
- Strong sourcing network of 500+ agents.
- Diversified products including branded wheat, oils, and agri-commodities.
- Robust infrastructure – warehouses & processing facilities.
- Wide distribution network of 118 dealers.
- Quality certifications (ISO, HACCP).
- Sustainability focus through biomass energy subsidiary.
⚠️Risks
- Dependence on monsoon & crop yields.
- Price volatility in agri-commodities.
- High working capital & debt requirements.
- Pending tax disputes.
- Geographic concentration in Rajasthan & MP.
- Intense competition in agri-trading.
Rukmani Devi Garg Agro Impex IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.22% |
Rukmani Devi Garg Agro Impex IPO Prospectus
Company Contact Information
| Rukmani Devi Garg Agro Impex Ltd. Plot No. 7, Bhamashah Mandi Anantpura, Kota, Rajasthan, 324005 Phone: + 91 7891517187 Email: info@rdgagro.com Website: https://www.rdgagro.com/ |
Rukmani Devi Garg Agro Impex IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Rukmani Devi Garg Agro Impex IPO Lead Manager(s)
| 1. Fedex Securities Pvt.Ltd. |
Rukmani Devi Garg Agro Impex IPO FAQ
| What is Rukmani Devi Garg Agro Impex IPO? Rukmani Devi Garg Agro Impex IPO is an SME IPO. The issue is priced at ₹93 – ₹99 per equity share. The IPO is to be listed on BSE SME. |
| When Rukmani Devi Garg Agro Impex IPO will open? The IPO is to open on 26 September 2025 for QIB, NII, and Retail Investors. |
| What is Rukmani Devi Garg Agro Impex IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Rukmani Devi Garg Agro Impex IPO Size? Rukmani Devi Garg Agro Impex IPO size is ₹23.52 Crore. |
| What is Rukmani Devi Garg Agro Impex IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,37,600 amount, while the maximum bid is 2400 Shares with ₹2,37,600. |
| What is the Rukmani Devi Garg Agro Impex IPO Allotment Date? Rukmani Devi Garg Agro Impex IPO allotment date is 01 October 2025. |
| What is the Rukmani Devi Garg Agro Impex IPO Listing Date? Rukmani Devi Garg Agro Impex IPO listing date is 06 October 2025. The IPO is to be listed on the BSE SME. |
