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Ruchi Soya FPO – Details
Operating as a subsidiary of the Patanjali Group, Ruchi Soya is planning to launch an FPO (follow-on public offer) worth Rs. 4300 crores. This public offer is scheduled to go live on 24 March 2022 and will close on 28 March 2022 at face value of Rs. 2 for each equity share. Moreover, the Ruchi Soya FPO price band is likely to be in the range of Rs. 615 to Rs. 650.
This FPO comes as a part of the Patanjali Group’s effort to raise money through further sale of around 17% stake in the company. At present, Patanjali owns 98.90% of this company, which needs to be brought down to 75%. Hence, this move. The company received its approval for this procedure in August 2021 from the capital market regulator SEBI.
Here are the details of Ruchi Soya IPO lot size:
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Minimum lot size: 1 which would be 21 shares (Rs. 13,650)
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Maximum lot size: 14 which would be 294 shares (Rs. 191,100)
Furthermore, the allocation of shares for different investor categories is:
- For Qualified Institutional Buyers or QIB, it is 50%
- For Retail Individual Investors or RII, it is 35%
- For Non-institutional Investors or NII, it is 15%
Additionally, the lead managers of this public issue are –
- SBI Capital Markets Limited
- ICICI Securities Limited
- Axis Capital Limited
Lastly, the registrar of this follow-on public offer is Link Intime India Private Limited.
Issue Type
Book-built
Listing at
FPO Price Band
Rs. 615 to Rs. 650
FPO Size
Rs. 4,300 crores
Ruchi Soya FPO Dates
| FPO Event | Date |
|---|---|
| FPO Opens on | 24 March 2022 |
| FPO Closes on | 28 March 2022 |
| Basis Of Allotment Publication Date | 31 March 2022 |
| Credit Of Shares To Demat Account | 5 April 2022 |
| Initiation Of Refunds | 4 April 2022 |
| FPO Listing Date | 6 April 2022 |
About Ruchi Soya Industries Ltd.
Incorporated in 1986, Ruchi Soya is one of India's leading edible oil manufacturers. The company, which is currently a part of the Patanjali Group, has a product portfolio that exceeds beyond edible oil.
The current product portfolio of the company also consists of soya products, biscuits, honey and various other food items. The 'Nutrela' brand of Ruchi Soya is quite popular across India and almost enjoys a synonymous status with soya chunks.
Currently, Ruchi Soya has 22 manufacturing units spreading across the country. Moreover, the current refining capacity of this group is 11,000 tonnes per day and a packaging capacity of 10,000 tonnes per day. Coupled with its wide distribution and sales network, Ruchi Soya has established itself as a leading brand in the FMCG segment of this country. Following the approval from its directors, Ruchi Soya FPO is slated to hit the market this month.
Ruchi Soya FPO Objectives
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Prepayment or repayment of company’s specific debts.
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Meeting a few incremental working capital needs of the company.
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Funding general corporate purposes.
Why Should You Invest In Ruchi Soya FPO?
Ruchi Soya is the leading edible oil manufacturer in India. Here are a few reasons for investing in this FPO –
- Ruchi Soya is an established brand in its segment with a pan India presence.
- The company has multiple manufacturing units producing a wide range of FMCG products with a primary focus on edible oils, biscuits and cookies, atta, etc.
- Besides its cooking oil business, the ’Nutrela’ brand of Ruchi Soya enjoys almost a synonymous status in the soya chunks segment. This brand is also a significant revenue driver for this company.
- As per BSE’s official website, the share price of Ruchi Soya closed at Rs. 1004.45 on 17 March 2022.
Financial Highlights
| Financial Year | Total Income | Total Expenses | Profit After Tax |
|---|---|---|---|
| March 2019 | Rs. 12,829.26 | Rs. 12,607.30 | Rs. 76.72 |
| March 2020 | Rs. 13,175.37 | Rs. 12,716.89 | Rs. 224.38 |
| March 2021 | Rs. 16,382.98 | Rs. 15,364.61 | Rs. 680.77 |
**Note: Amount mentioned here in crores
Ruchi Soya FPO Latest News and Subscription Status Today [Live]
At 10:30:00 AM.
- This IPO has been subscribed 1.32x by 10:30 AM. on Day 3
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.87x
- (NII) Non-institutional buyers: 3.89x
- (RII) Retail Individual buyers: 0.48x
- Employees: 4.96x
At 12:30:00 PM.
- This IPO has been subscribed 1.67x by 12:30 PM. on Day 3
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.92x
- (NII) Non-institutional buyers: 5.14x
- (RII) Retail Individual buyers: 0.61x
- Employees: 5.90x
At 1:20:00 PM.
- This IPO has been subscribed 1.74x by 1:20 PM. on Day 3
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.92x
- (NII) Non-institutional buyers: 5.33x
- (RII) Retail Individual buyers: 0.66x
- Employees: 6.16x
At 2:10:00 PM.
- This IPO has been subscribed 2.27x by 2:10 PM. on Day 3
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.11x
- (NII) Non-institutional buyers: 7.49x
- (RII) Retail Individual buyers: 0.70x
- Employees: 6.83x
At 3:20:00 PM.
- This IPO has been subscribed 3.21x by 3:20 PM. on Day 3
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.76x
- (NII) Non-institutional buyers: 10.69x
- (RII) Retail Individual buyers: 0.84x
- Employees: 7.72x
At 5:00:00 PM.
- This IPO has been subscribed 3.60x by 5:00 PM. on Day 3
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.20x
- (NII) Non-institutional buyers: 11.75x
- (RII) Retail Individual buyers: 0.90x
- Employees: 7.76x
At 12:20:00 PM.
- This IPO has been subscribed 0.17x by 12:20 PM. on Day 2
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.03x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 0.29x
- Employees: 2.81x
At 1:30:00 PM.
- This IPO has been subscribed 0.18x by 1:30 PM. on Day 2
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.03x
- (NII) Non-institutional buyers: 0.08x
- (RII) Retail Individual buyers: 0.31x
- Employees: 2.85x
At 2:20:00 PM.
- This IPO has been subscribed 0.20x by 2:20 PM. on Day 2
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.07x
- (NII) Non-institutional buyers: 0.08x
- (RII) Retail Individual buyers: 0.33x
- Employees: 2.91x
At 2:40:00 PM.
- This IPO has been subscribed 0.29x by 2:40 PM. on Day 2
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.35x
- (NII) Non-institutional buyers: 0.08x
- (RII) Retail Individual buyers: 0.33x
- Employees: 2.95x
At 3:40:00 PM.
- This IPO has been subscribed 0.34x by 3:40 PM. on Day 2
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.41x
- (NII) Non-institutional buyers: 0.18x
- (RII) Retail Individual buyers: 0.36x
- Employees: 3.18x
At 4:30:00 PM.
- This IPO has been subscribed 0.34x by 4:30 PM. on Day 2
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.41x
- (NII) Non-institutional buyers: 0.18x
- (RII) Retail Individual buyers: 0.36x
- Employees: 3.18x
At 5:10:00 PM.
- This IPO has been subscribed 0.37x by 5:10 PM. on Day 2
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.41x
- (NII) Non-institutional buyers: 0.26x
- (RII) Retail Individual buyers: 0.39x
- Employees: 3.68x
At 3:40:00 PM.
- This IPO has been subscribed 0.6x by 3:40 PM. on Day 1
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.10x
- Employees: 0.75x
At 4:30:00 PM.
- This IPO has been subscribed 0.11x by 4:30 PM. on Day 1
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.20x
- Employees: 1.75x
At 5:10:00 PM.
- This IPO has been subscribed 0.12x by 5:10 PM. on Day 1
- It is a public issue of 4,89,46,260 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.21x
- Employees: 1.76x
How to Apply for Ruchi Soya FPO?
You can apply for the Ruchi Soya FPO in these ways:
Demat Account
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Subscribing for this follow-up public offer of Ruchi Soya is not a hassle anymore. Novice investors, especially those investing for the first time, can open and utilise a Demat account without bearing any additional charges through the Angel One platforms. Once they receive their login details, prospective investors can apply for this FPO of Ruchi Soya or any other public issue of their interest.
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On the other hand, current clients of Angel One can click here to submit their application for this FPO of Ruchi Soya.
UPI
- Individuals can also invest in this Ruchi Soya FPO using their respective UPI IDs. Once they have connected their bank account with their UPI handle, they simply need to link it with their Angel One account using the website or the mobile app. After that, they can bid for this public issue or any other of their choice.
- Additionally, individuals can also use their UPI IDs to block the subscription amount as per the Ruchi Soya FPO price when they plan to.
Ruchi Soya FPO – Noteworthy Highlights
Ruchi Soya began its journey in 1986, and come 2022, it is one of the leading brands in India’s rapidly growing FMCG market. Following are some highlights of the company that one should know before investing –
- Currently, Ruchi Soya has 22 manufacturing units in India with a combined refining capacity of 11,000 tonnes per day and a packaging capacity of 10,000 tonnes per day.
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The company has a pan India network with 4500+distributors, 100+ sales depots, and 4, 50,000+ retail outlets.
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It is currently a part of the well-known Patanjali Group, a company primarily known for producing ayurvedic products.
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Ruchi Soya has managed to expand its product portfolio beyond cooking oils and soya chunks. It is helping the company to cater to a larger customer base.
Ruchi Soya FPO – SWOT analysis
Competitive Analysis: Market Peers
The following table offers an outlook of Ruchi Soya’s position among its market competitors:
| Competitor | Face value | Sector P/E | Market Cap. (in Rs. crores) | Dividend yield |
|---|---|---|---|---|
| Adani Wilmar | 1 | 60.01 | 49,361 | NA |
| Agro Tech Foods Limited | 10 | 35.58 | 2,031 | 0.36 |
| Ajanta Soya | 10 | 35.58 | 353 | NA |
| Gokul Agro | 2 | 35.58 | 977 | NA |
| BCL Industries Limited | 10 | 35.58 | 1,117 | 1.08 |
| AVT Natural Products Limited | 1 | 35.58 | 1,854 | 0.57 |
*Note: Data as of 17 March 2022
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