Rukmani Devi Garg Agro Impex Ltd. IPO
Rukmani Devi Garg Agro Impex Limited (formerly Rukmani Devi Garg Agro Impex Private Limited) is an agricultural produce aggregator and processor headquartered in Kota, Rajasthan. Incorporated in 1998, the company has over two decades of experience in the agriculture commodities industry. It transitioned into a public limited company in June 2024.
Business Operations
The company operates as an agricultural produce aggregator and processor. Its core activities include:
1. Aggregation: Procurement of wheat, mustard, coriander, maize, flax seeds, and soyabean from a network of small and fragmented farmers, mainly across Rajasthan and Madhya Pradesh.
2. Grading & Bulk Sales: Supplying graded raw produce to corporates, flour mills, oil mills/solvent-extraction plants, exporters, and agriculture processors.
3. Processing & Branding: Processing wheat at its automated facilities for cleaning, grading, sorting, and packaging. Brands are Sharbati, Happyfamily, and Taj Mahal. Distribution: 118+ distributors and dealers across Rajasthan, Uttar Pradesh, Maharashtra, Haryana, Punjab, Delhi, and Chandigarh
Products
1. Raw Agricultural Commodities: Wheat, mustard, coriander, maize, flax seeds, soyabean
2. Processed Wheat (Branded Sales): Sold under “Sharbati,” “Happyfamily,” and “Taj Mahal”
3. Agri-Trade Products: Mustard oil, soybean oil, mustard de-oiled cakes
Procurement Network
The company has built an extensive farmer network through over 500 kaccha aadtiya (agents), ensuring strong sourcing capabilities across Rajasthan and Madhya Pradesh. During harvest seasons, agricultural produce is aggregated and efficiently stored in a mix of owned and leased warehouses, supporting smooth supply and consistent availability.
Competitive Strengths
i) Diversified Customer Base – Corporates, flour mills, solvent/oil mills, exporters, processors
ii) Large-Scale Procurement & Storage – Direct farmer linkages via 500+ agents and significant warehousing capacity
iii) Strategically Located Units – Processing units located within 200 mtr of Bhamashah Mandi, Kota, a major agricultural hub.
iv) Automation & Quality Focus – Fully automated sorting and packaging system ensuring high-quality output
v) Strong Brand Presence – Branded processed wheat distributed through 118+ dealers across multiple states
Objects of the Rukmani Devi Garg Agro Impex Ltd. IPO:
Rukmani Devi Garg Agro Impex Ltd. IPO Details:
Open Date: | Sep 26 2025 |
Close Date: | Sep 30 2025 |
Total Shares: | 23,76,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 23.52 Cr. |
Lot Size: | 1200 Shares |
Issue Price: | ₹ 93-99 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Oct 06 2025 |
Promoters And Management:
Financials of Rukmani Devi Garg Agro Impex Ltd. IPO:
Particulars | FY 2024-25 | FY 2023-2024 ] | FY 2022-2023 ' |
Revenue from Operations (Cr) | 326.99 | 244.37 | 248.05 |
EBITDA (Cr) | 12.63 | 8.17 | 3.08 |
EBITDA Margins | 3.87% | 3.34% | 1.24% |
PAT (Cr) | 7.57 | 5.01 | 0.47 |
PAT Margins | 2.32% | 2.05% | 0.19% |
ROCE | 15.61% | 16.60% | 7.11% |
Debt to Equity Ratio(In Times) | 1.52 | 1.08 | 1.27 |
Operating Cash Flows (Cr) | -19.64 | -6.85 | -1.85 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Rukmani Devi Garg Agro Impex Limited | 326.99 | 3.87% | 2.32% | 15.61% | 1.52 | 87.87 | 11.61 |
NHC Foods Limited | 341 | 4% | 2.05% | 16.20% | 0.4 | 64 | 9.48 |
Neelkanth Limited | 4.94 | 3% | -0.61% | 0.50% | 0.04 | 22 | - |
Lead Manager of Rukmani Devi Garg Agro Impex Ltd. IPO:
Registrar of Rukmani Devi Garg Agro Impex Ltd. IPO:
Discussion on Rukmani Devi Garg Agro Impex Ltd. IPO:
Leave a Reply
You must be logged in to post a comment.