- Issue price
- ₹99per share
- Issue size
- ₹23.52 Cr23,76,000 shares
- Face value
- ₹10per equity share
- Lot size
- 1,200 sharesMin. ₹1.19 L at the upper price
- OpensFri, 2025
- ClosesTue, 2025
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 23,76,000 shares (₹23.52 Cr)
- Offer for sale
- None
- Total issue
- 23,76,000 shares (₹23.52 Cr)
- Market maker portion
- 1,20,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
Source: ProspectusUpdated
Reservation
Share of the total issue- QIB47.5%
- Retail33.2%
- NII14.2%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 7,89,600 | 35.00% | 35% |
| Non-institutional investors (NII) | 3,38,400 | 15.00% | 15% |
| Qualified institutional buyers (QIB) | 11,28,000 | 50.00% | 50% |
| Market maker | 1,20,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹99 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 1,200 | ₹1.19 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹11.65
- NAV per share
- ₹49.89
- NAV per share (At Cap Price)
- ₹63.03
- P/E (FY 2024-25 at Cap Price)
- 8.50×
- RoNW
- 23.35%
- ROCE
- 15.61%
- Debt to equity
- 1.52
- EBITDA margin
- 3.87%
- PAT margin
- 2.32%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 327.00 | 244.38 | 248.05 |
| Total income | 327.32 | 245.02 | 248.50 |
| EBITDA | 12.64 | 8.17 | 3.08 |
| Profit after tax | 7.57 | 5.02 | 0.47 |
| Net worth | 32.43 | 24.86 | 19.84 |
| Reserves and surplus | 25.93 | 18.36 | 13.34 |
| Total assets | 110.81 | 55.60 | 45.69 |
| Total borrowing | 49.21 | 26.84 | 25.13 |
FY 2024-25 vs FY 2023-24: revenue +33.8%, profit after tax +50.9%.
Source: ProspectusUpdated
About the company
The company trades in agricultural commodities such as wheat, mustard, soyabean, maize and flax seeds, along with related oils and cakes. It also sells processed wheat in consumer packs through a network of dealers and distributors. Its procurement is largely done through commission agents linked to farmers in Rajasthan and Madhya Pradesh.
- Incorporated
- 1998
- Industry
- Agri Commodities Trading
- Sector
- Food and Agriculture
- CIN
- U24246RJ1998PLC014771
- Website
- rdgagro.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Mr. Vishal Garg | Promoter | — | — |
| Mrs. Anju Garg | Promoter | — | — |
| RDG Capital Private Limited | Promoter | — | — |
| Shri Vishal Garg & Sons (HUF) | Promoter group | — | — |
| Indian Warehousing Corporation Limited | Promoter group | — | — |
| Gold Shine Comtrade Private Limited | Promoter group | — | — |
| RDG Proteins Limited | Promoter group | — | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements in Fiscal 2026 | 16.50 |
| General corporate purposes | 3.52 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Rukmani Devi Garg Agro Impex LimitedIssuer | ₹11.65 | 8.50× | 23.35% | ₹49.89 |
| NHC Foods Limited | ₹0.11 | 9.64× | 8.45% | ₹23.43 |
| Neelkanth Limited (Formerly known as RT Exports Limited) | ₹0.02 | 2550.00× | 3.14% | ₹21.99 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with customers across several industries.
- Large-scale procurement and storage capacity, including owned and leased warehouses.
- Processing unit described as strategically located and automated.
- Revenue has grown over the last few years, with branded sales rising sharply.
- Experienced promoter-led management team.
Risks
- Revenue depends heavily on trading in agri commodities procured through agents with no long-term supply contracts.
- Commodity prices are volatile and affected by weather, government regulation and FCI procurement rules.
- Business is seasonal, so quarterly and half-yearly results may not reflect the full year.
- The company has reported negative operating cash flows in several recent years.
- Working capital needs are large, and the company relies heavily on bank borrowings.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹99) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Rukmani Devi Garg Agro Impex IPO open and close?
According to the Prospectus, the issue opens on Friday, 26 September 2025 and closes on Tuesday, 30 September 2025.
What is the Rukmani Devi Garg Agro Impex IPO price band?
The final issue price is ₹99 per share.
What is the lot size of the Rukmani Devi Garg Agro Impex IPO?
One lot is 1,200 shares, which is ₹1.19 L at ₹99 per share.
Where will Rukmani Devi Garg Agro Impex shares list?
On BSE SME.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Rukmani Devi Garg Agro Impex IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹16.5 Cr for funding working capital requirements in Fiscal 2026, ₹3.52 Cr for general corporate purposes.
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