This Patanjali acquired company has received SEBI’s nod for its follow-on public offering worth Rs. 4,300 crores. The Ruchi Soya FPO is yet to finalise the offer price. Patanjali had acquired this company for Rs. 4,350 crores in 2019. To know more about this FPO, check out the details below.
Ruchi Soya is an integral part of the edible oil business. It started in 1986 and became a significant player in the edible oil business. Some of the products of this company include:
Further, some of the oil products are:
As of June 2021, Ruchi Soya owns 22 manufacturing units and a total refining capacity of 11,000 tonnes a day. Presently, only 16 units are running. Moreover, this company has a vast network distribution with 457,788 retail outlets and 100 sales depots.
Ruchi Soya is among the largest exporters in India. It is also a leading company in the oil palm plantation. Moreover, it has an experienced team and leadership.
Ans. A follow-on public offering is the issuance of shares by a company already listed on the stock exchange. It is the issuance of additional shares after the initial public offering.
Ans. The revenue for 2021 is Rs. 11,523.
Ans. Ruchi Soya exports its products to Vietnam, Japan, Malaysia, South Korea, Europe, and the Middle East.
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