Rukmani Devi Garg Agro Impex IPO Sees Exceptional Demand, Subscribed 29.59x by Day 3

Rukmani Devi Garg Agro Impex Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription, with Rukmani Devi Garg Agro Impex's stock price set at ₹93-99 per share reflecting overwhelming market reception. The ₹23.52 crore IPO reached 29.59 times by 4:59:51 PM on day three.

Rukmani Devi Garg Agro Impex IPO non-institutional investors segment leads with exceptional 77.12 times subscription, whilst retail investors demonstrate exceptional participation at 39.73 times and qualified institutional buyers show strong interest at 8.24 times.

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IPO Subscription Status

Here are the subscription details for Rukmani Devi Garg Agro Impex IPO as of Day 3 (September 30, 2025, 4:59:51 PM):

Total Applications: 16,107

Key Highlights - Day 3

• Overall subscription reached exceptional 29.59 times, showing substantial improvement from day two's 4.50 times
• Non-institutional investors displaying exceptional interest at 77.12 times, building substantially from day two's 16.07 times
• Retail investors showing exceptional confidence at 39.73 times, building substantially from day two's 4.44 times
• Qualified institutional buyers showing strong performance at 8.24 times, building substantially from day two's 1.07 times
• Total applications reached 16,107, indicating outstanding investor participation for this SME IPO
• Cumulative bid amount reached ₹660.93 crores, massively exceeding the issue size of ₹23.52 crores

Rukmani Devi Garg Agro Impex IPO - Day 2 Subscription at 4.50 Times

Key Highlights - Day 2:

• Overall subscription reaching strong 4.50 times, showing substantial improvement from day one's 2.31 times
• Non-institutional investors showing exceptional performance at 16.07 times, building substantially from day one's 11.56 times
• Retail investors showing strong performance at 4.44 times, building substantially from day one's 0.25 times
• Qualified institutional buyers showing moderate performance at 1.07 times, building marginally from day one's 0.98 times

Rukmani Devi Garg Agro Impex IPO - Day 1 Subscription at 2.31 Times

Key Highlights - Day 1:

• Overall subscription reached moderate 2.31 times, showing positive initial investor interest
• Non-institutional investors showing exceptional performance at 11.56 times, indicating strong HNI appetite
• Qualified institutional buyers showing limited performance at 0.98 times, indicating weak institutional appetite
• Retail investors displaying minimal confidence at 0.25 times, showing very weak retail sentiment

About Rukmani Devi Garg Agro Impex Limited

Rukmani Devi Garg Agro Impex Limited is engaged in the agro-processing industry, focusing on import and export of agricultural products and food processing, procuring wheat, mustard, coriander, maize, flax seeds, and soybeans from over 500 agents across Rajasthan and Madhya Pradesh, operating 5 warehouses with 40,000 MT capacity and distributing through 118 dealers and distributors across India.