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Rukmani Devi Garg Agro Impex Ltd
TradingIPOSME
₹99 - 99
Incorporated in 1998, we carry on the business of agricultural produce aggregator namely for wheat, mustard, coriander, maize, flax seeds, soyabean, mustard doc and as processor of agricultural produce, namely wheat. We sell the agricultural produce and the processed wheat to corporates, flour mills, solvent-extraction plant/ oil mills and agriculture-processors across India. Further, we also sell our processed wheat under our brand "Sharbati", "Happyfamily" and "Taj Mahal" through our network of dealers and distributors across, Rajasthan, Uttar Pradesh, Maharashtra, Haryana, Punjab, Delhi and Chandigarh.
Lot1,200Min Invest₹2,37,600Face Value₹10Issue Size₹24 CrFresh Issue₹24 CrListing Price₹79CMP₹133
Timeline
26 Sept
Bidding opens
30 Sept
Bidding closes
1 Oct
Allotment
3 Oct
Refund & demat credit
6 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹24 Cr0.24 Cr shares
Fresh Issue₹24 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 50% · NII 15%
Application Sizes
Retail₹2,37,6001-1 lots
sNII₹2,37,600from 2 lots
bNII₹10,69,200from 9 lots
Managers & Registrar
Lead ManagerFEDEX SECURITIES PRIVATE LIMITED
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100%73.23%Public0%26.77%
Objects of the Issue
- Funding the working capital requirements
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 248 | 244 | 327 | 461 |
| Operating ProfitCr | 3 | 8 | 13 | 15 |
| OPM% | 1.2 | 3.3 | 3.9 | 3.2 |
| PBTCr | 1 | 7 | 10 | 12 |
| PATCr | 0 | 5 | 8 | 9 |
| EPS | 1 | 8 | 12 | 10 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 7 | 7 | 7 | 9 |
| ReservesCr | 13 | 18 | 26 | 54 |
| BorrowingsCr | 25 | 27 | 49 | 12 |
| Total AssetsCr | 46 | 56 | 111 | 80 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -2 | -7 | -20 | 20 |
| Investing Cash FlowCr | 0 | 1 | 0 | -1 |
| Financing Cash FlowCr | 7 | 0 | 20 | -18 |
| Net Cash FlowCr | 5 | -5 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Long-standing relationship with our customers from diverse industry.
- Large scale procurement and storage capabilities.
- Strategically located and fully automated processing unit.
- Consistent focus on quality.
- Strong promoter background and an experienced and entrepreneurial management team with a proven track record and a high degree of employee ownership.
Strategies · as stated in the DRHP
- Further strengthening our procurement network.
- Expand our market presence to other states of India to increase our share of branded sales.
Risks · as stated in the DRHP
- We derive our revenue from trading in agricultural commodities, procurement of which is heavily dependent on third party suppliers.
- Our products are in the nature of commodities and their prices are subject to fluctuations that may affect our profitability.
- Our business is subject to seasonal volatility, which may contribute to fluctuations in our results of operations and financial condition.
- Our Company has experienced negative cash flows in some prior periods and may do so in the future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.
- Substantial portion of our revenues has been dependent upon few customers. The loss of any one or more of our major customers would have a material adverse effect on our business, cash flows, results of operations and financial condition.
- We are involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers, and appellate authorities.