Rukmani Devi Garg Agro Impex IPO is a book-built issue aiming to raise ₹23.52 crore. It comprises a fresh issue of 0.24 crore equity shares aggregating to ₹23.52 crore. The bidding window is open from September 26, 2025, to September 30, 2025, with the IPO allotment expected to be finalised on October 1, 2025. Rukmani Devi Garg Agro Impex is scheduled to list on BSE SME on October 6, 2025.
The IPO is priced at ₹99 per share. The public issue received bids for 22,56,000 shares against 1,28,74,800 shares available, resulting in an overall subscription of 5.71 times. QIBs subscribed 1.07 times their quota, followed by NIIs at 18.05 times and retail investors at 7.04 times.
Rukmani Devi Garg Agro Impex’s ₹23.52 crore IPO, priced at ₹99 per share, was subscribed multiple times overall. The IPO consists of a fresh issue of 0.24 crore equity shares aggregating to ₹23.52 crore. Bidding took place from September 26 to September 30, 2025, with the Rukmani Devi Garg Agro Impex IPO allotment expected on October 1, 2025. Retail investors subscribed 7.04 times and NIIs 18.05 times. Listing is expected on August 14, 2025.
The table below breaks down the Rukmani Devi Garg Agro Impex share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,20,000 (5.05%) |
| QIB Shares Offered | 11,28,000 (47.47%) |
| NII (HNI) Shares Offered | 3,38,400 (14.24%) |
| − bNII > ₹10L | 2,25,600 (9.49%) |
| − sNII < ₹10L | 1,12,800 (4.75%) |
| Retail Shares Offered | 7,89,600 (33.23%) |
| Total Shares Offered | 23,76,000 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 1.07 |
| Non-Institutional Investors | 18.05 |
| Retail Individual Investors | 7.04 |
| Total shares | 5.71 |
Note: The subscription details are as of Sep 30, 2025
Incorporated in 1998, Rukmani Devi Garg Agro Impex Limited operates in the agro-processing sector, focusing on the import and export of agricultural products, food processing, and related services.
The company is engaged in the trading, distribution, and potentially the manufacturing of a wide range of agricultural goods, catering to both domestic and international markets.
Rukmani Devi Garg Agro Impex primarily sources wheat, mustard, coriander, maize, flax seeds, and soybeans through a network of over 500 agents across Rajasthan and Madhya Pradesh, connecting the company directly with the farming community.
As of March 31, 2025, the company owns three warehouses with a total capacity of 20,000 MT and leases two additional warehouses, adding another 20,000 MT of storage. Its processing facility, located in RIICO, spans 2,290 sq. m. and offers a storage capacity of 3,500 MT.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 30, 2025, 11:32 AM IST
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