Rukmani Devi Garg Agro Impex IPO
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Schedule of Rukmani Devi Garg Agro Impex
| Issue open date | 26 Sep 2025 |
| Issue close date | 30 Sep 2025 |
| UPI mandate deadline | 30 Sep 2025 (5 PM) |
| Allotment finalization | 01 Oct 2025 |
| Refund initiation | 03 Oct 2025 |
| Share credit | 03 Oct 2025 |
| Listing date | 06 Oct 2025 |
| Mandate end date | 15 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 31 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 30 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Rukmani Devi Garg Agro Impex
Incorporated in 1998, Rukmani Devi Garg Agro Impex operates as an agricultural produce aggregator and processor based in Kota, Rajasthan. The company aggregates wheat, mustard, coriander, maize, flax seeds, soybean, and mustard doc from over 500 agents across Rajasthan and Madhya Pradesh. It processes and sells agricultural produce to corporates, flour mills, solvent-extraction plants, and oil mills across India. The company also manufactures branded wheat products under “Sharbati”, “Happyfamily”, and “Taj Mahal” brands through 123+ dealers and distributors across multiple states. Operating two automated wheat processing units with 200 MT/day capacity and 40000 MT warehousing capacity.
Financials of Rukmani Devi Garg Agro Impex
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹23.52 crores |
| Fresh Issue | ₹23.52 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 16.50 (70.18%) |
| General corporate purposes | 7.02 (29.82%) |
Strengths
- Diversified product portfolio including wheat, mustard, coriander, maize, flax seeds, soybean with both bulk trading and branded sales
- Strong warehousing infrastructure with 40000 MT total capacity through owned and leased facilities ensuring adequate storage
- Automated processing capabilities with 200 MT/day wheat processing units and 3500 MT storage in RIICO Industrial Area
- Wide distribution network covering 123+ dealers and distributors across seven states including Rajasthan, UP, Maharashtra, and Punjab
Risks
- Dependence on agricultural sector subject to monsoon variability, weather conditions, and seasonal fluctuations affecting procurement and pricing
- Reliance on network of 500+ agents for procurement creating dependency risk and potential supply chain disruptions
- Regulatory risks related to agricultural policies, MSP changes, and government intervention in commodity markets
- Concentrated operations in Rajasthan and Madhya Pradesh exposing company to regional agricultural and economic risks
Allotment Status for Rukmani Devi Garg Agro Impex
To check your allotment status – click here.
Subscription Figures for Rukmani Devi Garg Agro Impex
As per media reports (Link), the Grey Market Premium (GMP) of Rukmani Devi Garg Agro Impex is reported at ₹14 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 11.28 | 11.10 | 0.98x |
| NII | 3.38 | 39.12 | 11.56x |
| Retail | 7.89 | 1.94 | 0.25x |
| Total | 22.56 | 52.16 | 2,31x |