Ruchi Soya’s FPO to open today, Rs 1290 crore raised from anchor investors

The company has allotted 1.98 crore equity shares to 46 anchor investors at a price of Rs 650 per share in the upper price band of the FPO.

The price band of Ruchi Soya’s FPO is fixed at Rs 615-650 per share.

Baba Ramdev (Baba Ramdev) of the company Ruchi Soya Industries ,Ruchi Soya Industries) of FPO (FPO) will open today. Ruchi Soya has raised around Rs 1,290 crore from 46 anchor investors on Wednesday, a day before the opening of its follow-on public offering. The company has allotted 1.98 crore equity shares to 46 anchor investors at a price of Rs 650 per share in the upper price band of the FPO. Of these, 41.91 lakh shares have been allotted to 4 domestic mutual funds, which have invested through 24 schemes. The price band of Ruchi Soya’s FPO is fixed at Rs 615-650 per share. Investors can bid for it till March 28. Bidding can be done in lots of 21 shares for FPO.

Some foreign investors who applied in the anchor category include Societe Generale, BNP Paribas, Oman Pension Fund and YAS Takaful. Among domestic investors, SBI MF, Kotak MF, Birla MF, HDFC Life Insurance, Ask Group and Quant MF have got allotments.

Patanjali’s stake in Ruchi Soya

Let us tell you that Baba Ramdev-led Patanjali Ayurved holds 98.9 per cent stake in Ruchi Soya. The FPO is being done to reduce the promoter holding in the company to comply with the minimum public shareholding norms of 25 per cent. After the FPO, the stake of Patanjali will come down to 81 per cent, while the public stake will increase to 19 per cent.

company business

Ruchi Soya is one of the largest branded edible oil companies in the country. The company is involved in processing oilids, refining crude edible oil as well as manufacturing soy products and value added products. Mahakosh, Sunrich, Ruchi Gold and Nutrela are the major brands of this company. Apart from edible oil, the company also retails packaged food items like flour, soya chunks, honey, biscuits, breakfast cereals, noodles and pasta. Apart from edible oil, this company is also one of the largest palm plantation companies in the country.

a lot of 21 shares

FPO will open from March 24 to 28, Issue Size: Rs 4300 cr, Price Band: 615-650 per share Lot Size: 21 Shares Minimum Investment: Rs 13,650, Share Allotment: April 5, Trading of Shares: From April 6

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