Ruchi Soya FPO GMP Today|ruchi soya fpo launch date|Ruchi Soya IPO lot size|ruchi soya ipo gmp:Public bidding for Ruchi Soya Industries’ follow-on public offer (FPO) was off to a slow start on Thursday. Institutional buyers were yet to participate and most bidding came from employees and retail investors.As of 1 pm, the issue was subscribed close to 8 per cent, with total applications coming in for 36,90,183 shares against 4,89,46,260 on offer.
A day earlier, the company raised Rs 1,290 crore from 46 anchor investors. Societe Generale, BNP Paribas, The Sultanate of Oman – Ministry of Defence Pension Fund, Yas Takaful PJSC, an Abu Dhabi-based insurance company, MK Cohesion, UPS Group, and Alchemy are among the foreign investors that received allocation under the anchor investor portion of the FPO.About 21 per cent of the total anchor book size was allocated to 24 mutual fund schemes including Kotak, SBI, UTI, Aditya Birla Sun Life, Quant among others.
Ruchi Soya Fpo Ipo Gmp
Ruchi Soya Industries, which is controlled by the Patanjali Ayurved group, will hit the capital markets with a follow-on public offer (FPO) on Thursday. The Rs 4,300 crore issue will remain open for subscription for three days.
Ruchi Soya, the country’s largest edible oil maker, is the first to be re-listed after the bankruptcy process.At the upper end, Patanjali, which now owns 98.9 percent of the company, will dilute around 19 percent and 18 percent at the lower end of the price band. The remaining 6-7 percent, to meet the mandatory 25 percent public float, will be diluted before the Sebi deadline of December 2022, the company said.
We have been directed to liquidate 25 percent equity by December. With the use of the proceeds, our first goal is to make Ruchi Soya debt-free as soon as possible,” said Baba Ramdev in an exclusive interview with CNBC-TV18.Ramdev said the firm will pay back Rs 3,300 crore of debt of the issuer and the rest will go for various corporate purposes.
Ruchi Soya FPO Details
|IPO Opening Date||Mar 24, 2022|
|IPO Closing Date||Mar 28, 2022|
|Issue Type||Book Built Issue FPO|
|Face Value||₹2 per equity share|
|IPO Price||₹615 to ₹650 per equity share|
|Market Lot||21 Shares|
|Min Order Quantity||21 Shares|
|Listing At||BSE, NSE|
|Issue Size||[.] Eq Shares of ₹2|
(aggregating up to ₹4,300.00 Cr)
|QIB Shares Offered||50% of the net offer|
|Retail Shares Offered||35% of the net offer|
|NII (HNI) Shares Offered||15% of the net offer|
Ruchi Soya FPO
Price Band: The management led by Ruchi Soya chairman Acharya Balakrishna and Baba Ramdev, non-executive director, has fixed the price band for the FPO at Rs 615-650 per share.
Subscription: Investors can bid for the offer starting March 24. The offer will close for subscription on March 28.
Lot size: The firm said the minimum bid will be for 21 shares and in its multiples thereafter.
Reservation portions: In a stock exchange filing, Ruchi Soya said the issue includes a reservation of up to 10,000 equity shares for subscription by employees.
Anchor investors: The anchor book size has been fixed at Rs 1,290 crore. Foreign Investors for the issue include Societe Generale, BNP Paribas, Sultanate of Oman, Ministry of Defence Pension Fund and Yas Takaful PJSC. Domestic investors will be SBI Group, Kotak MF, Birla MF, HDFC Life, Ask Group, Quant MF.
Purpose: Ruchi Soya will use the proceeds from the FPO to repay certain outstanding loans, meet incremental working capital requirements, and other general corporate purposes.
Managers: SBI Caps, Axis Capital and ICICI Securities are the book-running lead managers to the issue.
Ruchi Soya FPO Tentative Timetable
The Ruchi Soya FPO open date is Mar 24, 2022, and the close date is Mar 28, 2022. The issue may list on Apr 6, 2022.
|IPO Open Date||Mar 24, 2022|
|IPO Close Date||Mar 28, 2022|
|Basis of Allotment Date||Mar 31, 2022|
|Initiation of Refunds||Apr 4, 2022|
|Credit of Shares to Demat Account||Apr 5, 2022|
|IPO Listing Date||Apr 6, 2022|
What is the future of Ruchi Soya?
Based on our forecasts, a long-term increase is expected, the “Ruchi Soya Industries Ltd” stock price prognosis for 2027-03-19 is 2827.960 INR. With a 5-year investment, the revenue is expected to be around +215.11%. Your current $100 investment may be up to $315.11 in 2027.
What are the products of Ruchi Soya?
It offers food products, such as textured soy protein, soya flour, fruit juice, and soya milk. The company also offers gram, wheat, rice, maize, shorgum, seeds, coffee, marine products, tuar, peas, barley, soap, fresh fruit bunch, seedling, and plant & machinery (equipment).
When did Patanjali Buy Ruchi Soya?
His company, Patanjali Ayurved, acquired the bankrupt Ruchi Soya through an NCLT (National Company Law Tribunal) process in 2019. And in the two years since, the company has turned profitable.