The Bhavik Enterprises IPO is scheduled to open for subscription on September 26, 2025, and will close on September 30, 2025. The allotment will be finalized on October 1, 2025, and the shares are expected to list on the BSE and SME on October 6, 2025. This SME IPO is attracting investors due to the company’s strong financial growth and an attractive price band of ₹93 to ₹99 Per Share.
Here’s a complete guide covering IPO details, dates, promoters, financials, strengths, risks, and how to apply.
Rukmani Devi IPO Details
| Particulars | Details |
| IPO Open Date | 26/09/2025 |
| IPO Close Date | 30/09/2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹93 to ₹99 Per Share |
| Issue Size | Approx ₹23.52 Crores |
| Fresh Issue | Approx ₹23.52 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, SME |
| RHP Draft Prospectus | Download |
| DRHP Draft Prospectus | Download |
Rukmani Devi IPO Market Lot
The minimum market lot for Rukmani Devi IPO is 2,400 shares, with a total application amount of ₹2,37,600.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,37,600 |
| Retail Maximum | 2 | 2,400 | ₹2,37,600 |
| S-HNI Minimum | 3 | 3,600 | ₹3,56,400 |
| S-HNI Maximum | 8 | 9,600 | ₹9,50,400 |
| B-HNI Minimum | 9 | 10,800 | ₹10,69,200 |
Rukmani Devi IPO Reservation
| Inventory Category | Shares Offers | No. of Shares |
| QIB | 47.47% | 1128000 |
| HNI | 14.24% | 338400 |
| RETAIL | 33.23% | 789600 |
| Market Maker | 5.05% | 120000 |
| TOTAL | 100.00% | 2376000 |
Rukmani Devi IPO Timeline
The Rukmani Devi IPO opens on September 26, 2025, and closes on September 30, 2025. The allotment will be finalized on October 1, 2025, with the shares list on October 6, 2025.
| Event | Date |
| IPO Open Date | September 26, 2025 |
| IPO Close Date | September 30, 2025 |
| Basis of Allotment | October 1, 2025 |
| Refunds Initiation | October 3, 2025 |
| Credit to Demat Account | October 3, 2025 |
| IPO Listing Date | October 6, 2025 |
| IPO Bidding Cut-off Time | September 30, 2025 – 5:00 PM |
Promaters and Holding Pattern
The promoters of Rukmani Devi are Mr. Vishal Garg, Mrs. Anju Garg, and RDG Capital Private Limited.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 65,00,000 | 100.00% |
| Promoter Holding Post Issue | 88,76,000 | 73.22% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding the working capital requirements | 16.5 |
| General Corporate Purpose | – |
Company Financial
Amount ₹ in Crores
| Period Ended | March-2025 | March-2024 | March-2023 |
| Assets | 110.81 | 55.60 | 45.69 |
| Revenue | 327.32 | 245.02 | 248.50 |
| Net Worth | 32.43 | 24.86 | 19.84 |
| profit After Tax | 7.57 | 5.02 | 0.47 |
| Reserves And Surpluse | 25.93 | 18.36 | 13.34 |
| Total Borrowing | 49.21 | 26.84 | 25.13 |
Rukmani Devi IPO Valuation
Check Rukmani Devi IPO valuation details, including Price/Earnings P/E Ratio, Earnings Per Share (EPS), Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | March-2025 | March-2024 | March-2023 |
| EPS | 0 | 0 | 0 |
| ROE | 23.35 | 20.18 | 2.39 |
| ROCE | 15.61 | 16.60 | 7.11 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 8.5 | 0 | 0 |
| POST IPO(PE) | 11.61 | 0 | 0 |
About company
Rukmani Devi Garg Agro Impex Ltd, incorporated in 1998, operates as an agricultural produce aggregator and processor based in Kota, Rajasthan.
- The company sources commodities such as wheat, mustard, coriander, maize, flax seed, soybean via a network of 500+ agents across Rajasthan and adjoining states.
- It processes, grades, and markets the produce to corporates, flour mills, oil mills, exporters etc.
- It also operates through a distribution network of 123+ dealers and distributors across seven states.
- The company has warehousing infrastructure (owned and leased) with capacity to support its operations.
Rukmani Devi IPO Strenght Factors
- Diversified Product Mix: Works with multiple agricultural commodities rather than relying on a single crop.
- Established Network: 500+ agents and 123+ dealers help with reach and procurement.
- Processing & Warehousing Infrastructure: Helps in value addition and margin capture.
- SME Platform Opportunity: Lower issue size may attract niche investors and manageable risk in SME space.
Rukmani Devi IPO Risk Factors
- Agriculture Dependence: Dependent on crop yield, monsoon, and seasonality.
- Commodity Price Volatility: Fluctuations in prices can impact margins.
- Regional Concentration: Heavy operations in Rajasthan may expose to regional risks.
- Execution Risk: Building up warehousing, distribution, procurement in an efficient manner is challenging.
- SME Liquidity Risk: Post-listing liquidity on SME platforms often remains low, affecting tradeability.
Lead Manager
- Fedex Securities Pvt.Ltd.
Company Details
- Name:- Rukmani Devi Garg Agro Impex
- Email:- info@rdgagro.com
- Phone:- +91 7891517187
- Website:- https://www.rdgagro.com/
- Address:- Plot No. 7, Bhamashah Mandi Anantpura, Kota, Rajasthan, 324005
IPO Registrar
- Name:- Bigshare Services Pvt Ltd.
- Email:- ipo@bigshareonline.com
- Phone:- +91-22-6263 8200
- Website:- https://www.bigshareonline.com/ipo_Allotment.html
Disclemer
IPO Sevak (iposevak.com) is not a SEBI-registered advisor. This content is for informational purposes only and should not be considered as investment advice. Please consult a licensed financial advisor before investing.
FAQs
1. When does the Rukmani Devi IPO open and close?
Ans:- The IPO opens on September 26, 2025, and closes on September 30, 2025.
2. What is the price band for the Rukmani Devi IPO?
Ans:- The price band is ₹93-99 Per Share.
3. What is the minimum lot size and investment amount?
Ans:- The minimum market lot is 2400 shares, requiring an investment of ₹2,37,600.
4. Who are the promoters of the Rukmani Devi?
Ans:- The promoters are Mr. Vishal Garg, Mrs. Anju Garg, and RDG Capital Private Limited.
5. When will the allotment be finalized?
Ans:- The allotment will be finalized on October 1, 2025.
6. When will the Rukmani Devi IPO list on the stock exchange?
Ans:- The shares are expected to list on the BSE, SME on October 6, 2025.