Ruchi Soya FPO: The much-awaited follow-on public offer (FPO) of Patanjali Group
owned Ruchi Soya Industries is set to open for subscription on Thursday, March 24, 2022.
price band of the company has been fixed at Rs 615-650 per share.
According to Sebi rules, the company needs to bring down promoters’ stake to achieve the minimum public shareholding of 25 per cent
Patanjali, which presently owns 98.9 per cent of the company, at the upper end will dilute around 19 per cent and 18 per cent at the lower end of the price band
remaining 6-7 per cent, to meet the mandatory 25 per cent public float,
Investors who wish to subscribe to Ruchi Soya FPO can bid in a lot of 21 equity shares and multiples thereafter.
He further noted that, “If we look at the valuations then the stock is trading with a PE of around 32 which is lower than the industry average
NEW DELHI: Ruchi Soya's Rs 4,300 crore follow-on public offer (FPO) saw some withdrawals, with cumulative demand figures available on BSE till 10.40 am falling to 2.58 times compared with 3.6 times on Monday.
Ruchi Soya FPO: Retail, NII, employee quotas see withdrawals after Sebi order