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Rukmani Devi Garg Agro Impex Limited, incorporated in 1998, operates as an aggregator and processor of agricultural produce. The company sources commodities like wheat, mustard, coriander, and soyabean from a network of farmers across Rajasthan and Madhya Pradesh. It sells these products in bulk to a diverse customer base including corporates, flour mills, and oil mills. Additionally, the company processes wheat at its automated facility in Kota, Rajasthan, and sells it under its own brands 'Sharbati', 'Happy family', and 'Taj Mahal' through a dealer and distributor network across several Indian states.
Opening Date
Sep 26, 2025
Closing Date
Sep 30, 2025
Listing Date
Oct 06, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
23.52 Cr
Fresh Issue
23.52 Cr
Offer for Sale
—
Price Band
₹93 - ₹99
Lot Size
1200
The main objectives of the issue are to utilize the Net Proceeds for the following objects:
Funding working capital requirements: The company proposes to utilize ₹16.50 crores from the net proceeds to meet its growing working capital needs for Fiscal 2026, which are significant for procuring agricultural produce during harvest seasons and managing inventory for its branded sales.
General Corporate Purpose: To utilize a portion of the proceeds for general corporate purposes, including funding growth opportunities, meeting business exigencies, and covering operational expenses, not exceeding 15% of the gross proceeds.
P/E Ratio
2.31
EPS
2.31
ROE
23.35%
ROCE
15.61%
RONW
23.35%
Debt to Equity Ratio
1.52
PAT Margin
2.32%
EBITDA Margin
3.87%
P/B
1.98
Long-standing relationships with a diverse customer base, including major corporates like ITC Limited, across various industries.
Extensive procurement network with over 500 agents and large-scale storage capabilities, including owned and leased warehouses with a capacity of over 40,000 MT.
Strategically located and fully automated processing unit near Bhamashah Mandi in Kota, one of India's largest agricultural markets.
Consistent focus on quality, supported by certifications such as ISO 9001:2015, ISO 22000:2018, and HACCP for its processing operations.
Significant dependence on a few key customers, with the top 10 customers accounting for 59.34% of revenue in Fiscal 2025.
Business operations are subject to seasonal variations typical of the agricultural industry, which can impact procurement and sales cycles.
Presence in a highly competitive and fragmented market with numerous unorganized players, leading to pricing pressures.
Incomplete corporate records, with certain historical forms and resolutions not being traceable, which poses a regulatory risk.
Expansion of market presence into new states to increase the share of higher-margin branded sales.
Introduction of new processed products such as Fenugreek, Chickpea, Urad, and Mustard to diversify the product portfolio.
Leveraging the growing demand for processed, packaged, and organic food in India, driven by rising incomes and changing consumer lifestyles.
Benefiting from supportive government initiatives and policies aimed at strengthening the agriculture and food processing sectors.
Adverse weather conditions and climate change can negatively impact crop availability, quality, and procurement costs.
Changes in government policies, regulations, and minimum support prices (MSP) for agricultural commodities can affect profitability.
Intense competition from both organized and a large number of unorganized players in the agricultural aggregation and processing industry.
Volatility in the prices of agricultural commodities, which can impact procurement costs and gross margins.
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