Rukmani Devi Garg Agro Impex Ltd Logo

Rukmani Devi Garg Agro Impex Ltd IPO

NSELot: 1200

LISTEDSME
Issue Price99
Listing79.2
Current110
Price Band
93 - ₹99
Lot Size
1,200
Issue Size
₹23.52 Cr
GMP
0
Subscription
2.31x

IPO Schedule

1
Open
26 Sept
2
Close
30 Sept
3
Allotment
1 Oct
4
Listing
6 Oct

About Rukmani Devi Garg Agro Impex Ltd

Rukmani Devi Garg Agro Impex Ltd is an SME focused on the trading and processing of agricultural commodities. They primarily deal in pulses and grains, sourcing from farmers and selling to wholesalers and retailers.

Subscription Status

QIB
0.98x
NII
11.56x
Retail
0.25x
CategoryDay 3Day 2Day 1
QIB8.24x1.07x0.98x
NII77.12x16.07x11.56x
Retail39.73x4.44x0.25x
Total29.59x4.50x2.31x

Risk Factors

Dependence on weather conditions and agricultural yields which can impact sourcing and profitability.
Fluctuations in commodity prices posing risks to inventory valuation and profit margins.
Competition from larger and more established players in the agricultural commodities market.
SME segment listing carries inherent risks associated with liquidity and price volatility.

Promoters & Management

The company's board of directors consists of two executive directors and three non-executive independent directors. Mr. Vishal Garg is the Chairman and Managing Director, responsible for overseeing day-to-day operations and formulating strategies. Mrs. Anju Garg is the Whole-time Director, managing operational functions. The independent directors are Mr. Naresh Dutta Sharma, Mr. Lalit Modi, and Mrs. Priyanka Alwani. Key managerial personnel include Mrs. Ayushi Agrawal, the Company Secretary and Compliance Officer, and Mr. Lakshya Gupta, the Chief Financial Officer. The board has established several committees, including an Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, IPO Committee, and CSR Committee. The company emphasizes corporate governance and has implemented policies such as a Code of Conduct and an insider trading policy. The management team has experience in the agriculture commodity industry and is committed to the company's success.