Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Rukmani Devi Garg IPO
Price Band
₹93.0–99.0
Issue Size
₹23.52 Cr
Lot Size
1,200 shares
Min Investment
₹237,600
2 LOTS MIN
GMP
+₹36.0 (36.36%)
Issue Price
₹99.0
Subject to Sauda
₹32800
Paid only if allotted
Rukmani Devi Garg IPO AI Summary
- Rukmani Devi Garg IPO is listed on BSE SME in the Other Food Products sector.
- Price band: ₹93.0–₹99.0 per share, lot size 1,200 shares (min. investment ₹237,600, 2 lots minimum).
- Subscription window: 26 Sep–30 Sep 2025, listing on 06 Oct 2025.
- Current GMP is +₹36.0 (36.36%), an estimated listing price of ₹135 — unofficial and can change daily.
Rukmani Devi Garg Agro Impex Limited is an agro-processing company that has shown significant growth in revenue and profit over the past few years. With a strong distribution network and diverse product offerings, it aims to serve both domestic and international markets. The IPO is set to open on 26 September 2025, with a price band of ₹93.0 to ₹99.0.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rukmani Devi Garg IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rukmani Devi Garg IPO Grey Market Premium (GMP) Today
GMP
+₹36.0
GMP %
+36.36%
Est. Listing
₹135.0
Updated: 25 Jul 2026 14:15
About the Company
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 (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 110.81 | 55.60 | 45.69 |
| Total Income | 327.32 | 245.02 | 248.50 |
| Profit After Tax | 7.57 | 5.02 | 0.47 |
| EBITDA | 12.64 | 8.17 | 3.08 |
| NET Worth | 32.43 | 24.86 | 19.84 |
| Reserves and Surplus | 25.93 | 18.36 | 13.34 |
| Total Borrowing | 49.21 | 26.84 | 25.13 |
Key Ratios
EPS
₹11.65
NAV
₹49.89
ROE
23.35%
ROCE
15.61%
RoNW
23.35%
P/B Value
1.98
P/E Ratio
8.5
Market Cap
₹87.87 Cr
PAT Margin
2.32%
Debt/Equity
1.52
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Neelkanth Limited | 21.99 | 3.14% | 2472 | 0.02 | 0.02 |
| Nhc Foods Ltd. | 23.43 | 8.45% | 10.09 | 0.11 | 0.11 |
| Rukmani Devi Garg Agro Impex Limited This IPO | 38.24 | 20.18% | — | 7.72 | 7.72 |
Promoters
Vishal Garg, Anju Garg and RDG Capital Pvt.Ltd.
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 of the Company 16.50 2 General Corporate Purposes 3.52 3 Issue Expenses 3.50 Total 23.52
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹248.50 Cr in the year ending 31 Mar 2023, slightly increasing to ₹245.02 Cr by 31 Mar 2024, and rising significantly to ₹327.32 Cr by 31 Mar 2025. This indicates a positive trend in revenue growth over the periods.
Profit Trend
Profit After Tax was ₹0.47 Cr in the year ending 31 Mar 2023, increasing to ₹5.02 Cr by 31 Mar 2024, and further rising to ₹7.57 Cr by 31 Mar 2025. This shows a strong upward trend in profitability over the reported periods.
Valuation
Rukmani Devi Garg Agro Impex Limited has an EPS of ₹11.65 and is priced at a P/E ratio of 8.5. This is compared to peers like Nhc Foods Ltd., which has a P/E of 10.09, and Neelkanth Limited with a P/E of 2472.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering the company's performance and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid this IPO, as the agro-processing sector can be subject to market fluctuations and operational risks.
IPO Timeline, Explained
The IPO opens for subscription on 26 September 2025 and closes on 30 September 2025. The allotment date is set for 1 October 2025, with shares expected to list on 6 October 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs experience significant gains on their first day of trading, others may not perform as well.
This evaluation is generated from Rukmani Devi Garg's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rukmani Devi Garg IPO GMP today?
Rukmani Devi Garg IPO GMP today is +₹36.0 (36.36%), indicating an estimated listing price of ₹135. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Rukmani Devi Garg IPO?
The price band of Rukmani Devi Garg IPO is ₹93.0–₹99.0 per share.
When does Rukmani Devi Garg IPO open and close?
Rukmani Devi Garg IPO opens on 26 September 2025 and closes on 30 September 2025.
When does Rukmani Devi Garg IPO list on the stock exchange?
Rukmani Devi Garg IPO listed on 06 October 2025 at ₹135.0.
What is the lot size for Rukmani Devi Garg IPO?
The lot size for Rukmani Devi Garg IPO is 1200 shares, requiring a minimum investment of ₹237,600 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹93.0 to ₹99.0.
What is the minimum investment required?
The minimum investment required is ₹237,600.
What is the lot size for the IPO?
The lot size for the IPO is 1200 shares.
When is the listing date for the shares?
The listing date for the shares is 6 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Sep 2025
Close
30 Sep 2025
Allotment
01 Oct 2025
Listing
06 Oct 2025
Similar IPOs in Other Food Products
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Rukmani Devi Garg?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.