Baba Ramdev’s company Ruchi Soya raised so many crores, FPO will open today
The FPO of Ruchi Soya Industries is going to open from Thursday. But the company has been able to raise a huge amount from anchor investors even before its opening. Read this news…
The FPO (Follow-On Public Offer) of Ruchi Soya Industries, an edible oil company backed by Yoga Guru Baba Ramdev’s Patanjali, is opening from Thursday. Even before the opening of this FPO of Rs 4,300 of the company, it has got huge investment from anchor investors.
Raised Rs 1,290 crore
Ruchi Soya on Wednesday raised Rs 1,290 crore from anchor investors. For this, the company has issued 1.98 crore equity shares to anchor investors.
In this category many foreign investors like Societe Generale, BNP Paribas, Ministry of Defense Pension Fund (Oman), YAS Takaful PJSC and Alchemy have invested in the company. While Aditya Birla Sun Life, HDFC Life Insurance, UTI Mutual Fund and SBI Life Insurance are the domestic investors who have been allotted shares.
FPO will be closed on Monday
Ruchi Soya’s FPO will close on Monday. For this, the company has kept the price band per share from Rs 615 to 650 (Ruchi Soya FPO Price Band). The special feature of this FPO is that in this new shares of the company will be issued to all the investors and there will be no offer for sale (OFS).
The lot size for investing in Ruchi Soya FPO is 21 shares. In this way, according to the share price of Rs 650, an investor can start investing in it (Ruchi Soya FPO Minimum Bid Size) with a minimum of Rs 13,650.
Baba Ramdev’s Patanjali had acquired Ruchi Soya in 2019 for Rs 4,350 crore. This acquisition happened through the insolvency process. In August last year, SEBI had approved Ruchi Soya to be an FPO.
