Ruchi Soya Fpo Ipo Gmp|Ruchi Soya Industries Ipo Gmp

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