Ruchi Soya FPO

Ruchi Soya Industries Ltd. FPO Opens Today! Apply Now!

Updated on
Ruchi Soya FPO 2022

The leader of edible oil industry and one of the top FMCG players in India Ruchi Soya Industries Ltd has announced to launch of its Follow on Public Offering (FPO) next week on 23rd March 2022. Ruchi Soya FPO is going to open from 24th March 2022. The company food products like, soya protein, soya flour, soya milk, cooking oil. Mahakosh is the umbrella brand of this company. Nutrela is the largest selling soya foods in India.  At present the company owns 22 manufacturing units in India.

India’s palm oil demand is increasing rapidly but in this field India is mainly depend of imported palm oil. Ruche soya access a plan to acquire 2.50 lakhs hectors of land for palm plantation in Andhra Pradesh, Tamilnadu, Mizoram, Odisha, Gujrat, Karnataka, to reduce the dependency of import.

In the year 2017 the company defaulted on loan payment and Corporate Insolvency Resolution Process was initiated against this company. In this process Patanjali Ayurveda had offered Rs. 4350 cr. to resolve this process and acquired the company. Market capital of this company Rs. 30816.28 Crore, and the Revenue(TTM) Rs. 22380.16 Crore, earning TTM is recorded Rs. 886.21 crore.

Function:     

FPO is issued by the company generally to raise fund or to reduce debt, but Ruchi Soya  aim is to reduce promoter holding and increase public share holding. Ruchi Soya also use this FPO for repayment, and to increase working capital.

Five years overview:

 2016-172017-182018-192019-202020-21
Total Rev(cr)1862012029128291317516383
EBITDA (cr)6871362224581018
Gross Fixed Asset (cr)60426036370835543439
Export Turnover(cr)1063698464241405

FPO Detail:

  • Opening Date: 24th March 2022
  • Closing Date: 28th March 2022
  • Estimated Fund to be Raised: Rs. 4300 crore.
  • Face Value: Rs. 2 each
  • Issue Price : Rs.615 – Rs.650
  • Market lot: 21 shares

Promoter:   

  • Patanjali : 98.9%
  • Public Share Holder Owns: 1.1%

Outlook and Expansion:

The company is very confident in medium to long term growth in the field of processed food, edible oil and palm plantation, it also aims to launch diversified product to increase the revenue and margin.

Subscription:          

The issue also reserve up to 10000 equity shares for the subscription of the eligible employees.  

Listing and Allotment:  

NSE & BSE,

Offer Allotment:                                    

  • Retail Quota :35%
  • QIB Quota   :50%
  • NII Quota      :15 %

Lead Manager                  

Axis Capital Limited, SBI Capital Markets Ltd, & ICICI Securities Limited.

FAQ: |

How to Apply FPO Using Net Banking?

                        1) Login to your bank account
                        2) Go to ASBA
                        3) Invest Section select Ruchi Soya FPO

How to Apply FPO Using UPI supported app?

                        1) Enter your bid on ‘console’
                        2) Accept UPI mandate.

How to Apply FPO Using Zerodha

                        1) Login to Zerodha Console
                        2) Go to portfolio and click IPO link
                        3) Select Ruchi Soya
                        4) Click ‘Bid’ button
                        5) Enter UPI ID, quantity and price
                        6) Submit to complete the process

Read Also: | Electric Vehicle Stocks in India – Upcoming Automobile Industry.


Disclaimer
All the information are used for education purpose only. Investing in FPO poses a risk of financial losses. Investors must therefore exercise due caution. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on the article.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related posts

Best Small-Cap Mutual Fund 2022
Best Small Cap Mutual Fund in August 2022
Best Child Education Plan in India 2022
Best Loan App in India
Best Personal Loan Apps in India in 2022
Best REITs Funds to Invest in India 2022
Best REITs Funds to Invest in India 2022 – Know the Latest Facts
Anand Rathi Wealth IPO
Anand Rathi Wealth IPO: Analysis and Subscription Status
Best Trading Apps for Beginners
3 Best Trading Apps for Beginners
How to recover if you have transferred money to the wrong bank account
Best Pharma Stocks to Buy in India for Long Term
Best Pharma Stocks to Buy in India for Long Term
Tesla Stock Price Prediction from 2022 to 2030.
Tesla Stock Price Prediction 2022-2025-2030

Now Investment become Simple

Join InvestoAxis and get financial dose with latest original fresh content. We will never spam you.

Be a part of our ever-growing community. Join us on Twitter.

Pages

We would like to keep you updated with special notifications.