Rukmani Devi Garg Agro Impex IPO Set to Open with Rs 14 Grey Market Premium
Rukmani Devi Garg Agro Impex, an agro-processing company, is launching its IPO from September 26 to 30. The company aims to raise Rs 23.52 crore by offering 23.76 lakh fresh shares at a price band of Rs 93-99 per share. The IPO proceeds will fund working capital requirements and general corporate purposes. The company, which deals in agricultural commodities, reported a 34% revenue growth and 51% net profit growth in FY25. The IPO allocation includes up to 50% for QIBs, minimum 15% for NIIs, and at least 35% for retail participants, with a minimum application size of 2,400 shares for retail investors. The grey market premium stands at Rs 14.
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Rukmani Devi Garg Agro Impex, an agro-processing company, is gearing up to launch its Initial Public Offering (IPO) on September 26. The IPO, which aims to raise Rs 23.52 crore, is scheduled to close on September 30.
IPO Details
- Issue Size: 23.76 lakh fresh shares
- Price Band: Rs 93-99 per share
- Grey Market Premium: Rs 14
Company Overview
Rukmani Devi Garg Agro Impex operates in the import, export, and processing of agricultural commodities. The company sources various products including wheat, mustard, coriander, maize, flax seeds, and soybeans from over 500 agents across Rajasthan and Madhya Pradesh.
Product Portfolio
The company markets its products under several brand names:
- Sharbati
- Happyfamily
- Taj Mahal
Financial Performance
The company has shown strong financial growth in the recent fiscal year:
| Metric | FY25 | Growth |
|---|---|---|
| Revenue | 327.32 | 34.00% |
| Net Profit | 7.57 | 51.00% |
IPO Objectives
The proceeds from the IPO will be utilized for:
- Funding working capital requirements
- General corporate purposes
Strategic Plans
Promoters Vishal Garg and Anju Garg plan to:
- Strengthen procurement capabilities
- Enhance processing facilities
- Expand distribution networks
IPO Structure
The share allocation for the IPO is structured as follows:
- Up to 50% reserved for Qualified Institutional Buyers (QIBs)
- Minimum 15% for Non-Institutional Investors (NIIs)
- At least 35% for Retail Participants
Note: The minimum application size for retail investors is set at 2,400 shares.
Market Sentiment
The IPO carries a grey market premium of Rs 14, suggesting steady but moderate investor interest in the offering.
Investors and market watchers will be closely monitoring this IPO as it unfolds, given the company's growth trajectory and its position in the agricultural commodities sector.
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