{"id":1474,"date":"2022-03-21T14:53:34","date_gmt":"2022-03-21T14:53:34","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1474"},"modified":"2022-03-21T14:53:36","modified_gmt":"2022-03-21T14:53:36","slug":"ruchi-soya-to-raise-rs-4300-crores-through-follow-on-public-offering","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/ruchi-soya-to-raise-rs-4300-crores-through-follow-on-public-offering\/","title":{"rendered":"Ruchi Soya to raise Rs 4,300 crores through follow on public offering"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Acquired by Baba Ramdev\u2019s Firm Patanjali\nin the year 2019, Ruchi soya s all set to raise Rs4,300 crores through a\nfollow-up public offering. Ruchi Soya is a diversified FMCG and FMHG focused\ncompany, with strategically located manufacturing facilities and\nwell-recognized brands having a pan India presence. The firm is one of the\nlargest FMCG companies in the Indian edible oil sector and fully integrated\nedible oil refining companies in India.<\/p>\n\n\n\n<p>The company operates across the entire value chain in the palm and soya segment, with a healthy mix of upstream and downstream businesses. The firm has been allocated zones to undertake palm plantation by the Government, which assists them in backward integration of sourcing palm oil. Ruchi Soya is the largest player in terms of allocated zones. Their integration also extends downstream to the oleochemicals and other by-product and derivatives businesses. <\/p>\n\n\n\n<p>Current Share Holding Pattern of Ruchi Soya<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"446\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-1024x446.png\" alt=\"\" class=\"wp-image-1476\" srcset=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-1024x446.png 1024w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-300x131.png 300w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-768x335.png 768w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-520x227.png 520w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-800x349.png 800w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding.png 1170w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Current share holding pattern of Ruchi Soya<\/figcaption><\/figure>\n\n\n\n<p>Alone\nPatanjali owns over 98.9% of shares am post this FPO Patanjali\u2019s shareholding\nwill come down to 80.82%. Over the next three years, as per the norms of SEBI,\nPatanjali will have to reduce its shareholding to 75%. Thus, Ruchi soya will\nagain come with another FPO in the coming years. <\/p>\n\n\n\n<p>Currently, Ruchi soya is trading at Rs910 on NSE and the FPO has a price band of Rs615-Rs650, thus the FPO will give investors a better chance for gains on listing.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"391\" height=\"299\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-1.png\" alt=\"\" class=\"wp-image-1477\" srcset=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-1.png 391w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/sharholding-1-300x229.png 300w\" sizes=\"auto, (max-width: 391px) 100vw, 391px\" \/><\/figure>\n\n\n\n<p>Details of Ruchi Soya FPO<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>IPO Size: -4300crore<\/li><li>Price Band: &#8211;615-650\u00a0 <\/li><li>Issue Open Date: &#8211;24<sup>th<\/sup> March 2022<\/li><li>Issue Close Date: &#8211;28<sup>th<\/sup> March 2022<\/li><li>Listing Date: &#8211;6<sup>th<\/sup> April 2022<\/li><li>Minimum Lot Size: &#8211;21 shares<\/li><li>Book running lead managers:- Axis Capital, ICICI Securities Limited,\u00a0 SBI Capital Market Limited<\/li><li>Registrar of the issue:- Link Intime India Private Limited<\/li><\/ul>\n\n\n\n<p>Funds to be utilized from the FPO in the following manner:- <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Repayment and\/or prepayment of the company&#8217;s borrowings either partially or fully.<\/li><li>Funding working capital requirements.<\/li><li>General Corporate purposes.<\/li><\/ul>\n\n\n\n<p>Financial\nperformance:- <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ruchi Soya reported operating revenue of Rs 1,63,830 lakh in FY21 up by 24.34% from Rs1,31,753.7 lakh reported for the same period a year ago. <\/li><li>EBITDA rose by almost 122% to Rs10,183.7lakh in FY21 from Rs 4,584.72 lakh reported in FY20.<\/li><li>Basic EPS dropped to 23.02 in FY21 from 871.28 reported in FY20.<\/li><\/ul>\n\n\n\n<p>Ruchi Soya is the pioneer and largest manufacturer of soya foods\nhas aided their brand \u2018Nutrela\u2019 in becoming a household and generic name in\nIndia. Further, it also has respectable financial numbers. Thus Ruchi soya is\ncertainly a valuable investment that can fit in investors&#8217; financial\nportfolios. However, investors must know that every investment in the market is\nsubject to market risk and thus thorough homework must be done before\ninvesting.<\/p>\n\n\n\n<p>Click here for detailed information on <a href=\"https:\/\/www.invest19.com\/ipo\/details.php?PageID=51\">Ruchi\nsoya<\/a><\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,683<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1474\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">5    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Acquired by Baba Ramdev\u2019s Firm Patanjali in the year 2019, Ruchi soya s all set to raise Rs4,300 crores through a follow-up public offering. Ruchi [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/ruchi-soya-to-raise-rs-4300-crores-through-follow-on-public-offering\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1475,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,7,10],"tags":[],"class_list":["post-1474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-investment","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1474"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1474\/revisions"}],"predecessor-version":[{"id":1478,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1474\/revisions\/1478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1475"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}