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Ruchi Soya Industries FPO is a book build issue of ₹4,300.00 crores. The issue is entirely a fresh issue of 6.62 crore shares of ₹4,300.00 crore.
Ruchi Soya Industries FPO bidding started from Mar 24, 2022 and ended on Mar 28, 2022. The allotment for Ruchi Soya Industries FPO was finalized on Apr 5, 2022. The shares got listed on BSE, NSE on Apr 8, 2022.
Ruchi Soya Industries FPO price band is set at ₹650.00 per share . The lot size for an application is 21. The minimum amount of investment required by an retail is ₹12,915 (21 shares). The lot size investment for sNII is 15 lots (315 shares), amounting to ₹2,04,750, and for bNII, it is 74 lots (1,554 shares), amounting to ₹10,10,100.
The issue includes a reservation of up to 10,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Ruchi Soya Industries FPO RHP for detailed Information.
| IPO Date | March 24, 2022 to March 28, 2022 |
| Listing Date | April 8, 2022 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹615 to ₹650 per share |
| Issue Price Final | ₹650 per share |
| Lot Size | 21 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,61,53,846 shares (aggregating up to ₹4,300.00 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,58,41,007 shares |
| Share Holding Post Issue | 36,19,94,853 shares |
Ruchi Soya FPO offers total 6,61,53,846 shares. Out of which 3,30,71,922 (49.99%) allocated to QIB, 1,32,28,769 (20.00%) allocated to QIB, 99,21,577 (15.00%) allocated to NII, 2,31,50,347 (34.99%) allocated to RII and 1,98,43,153 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,30,71,922 (49.99%) | NA |
| − Anchor Investor Shares Offered | 1,98,43,153 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,32,28,769 (20.00%) | NA |
| NII (HNI) Shares Offered | 99,21,577 (15.00%) | NA |
| Retail Shares Offered | 2,31,50,347 (34.99%) | 11,02,397 |
| Employee Shares Offered | 10,000 (0.02%) | NA |
| Total Shares Offered | 6,61,53,846 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Ruchi Soya Industries FPO opens on March 24, 2022, and closes on March 28, 2022.
| IPO Open Date | Thu, Mar 24, 2022 |
| IPO Close Date | Mon, Mar 28, 2022 |
| Tentative Allotment | Tue, Apr 5, 2022 |
| Initiation of Refunds | Wed, Apr 6, 2022 |
| Credit of Shares to Demat | Thu, Apr 7, 2022 |
| Tentative Listing Date | Fri, Apr 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 28, 2022 |
Investors can bid for a minimum of 21 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹13,650 |
| Retail (Max) | 14 | 294 | ₹1,91,100 |
| S-HNI (Min) | 15 | 315 | ₹2,04,750 |
| S-HNI (Max) | 73 | 1,533 | ₹9,96,450 |
| B-HNI (Min) | 74 | 1,554 | ₹10,10,100 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1986, Ruchi Soya Industries, a part of Patanjali Group, is one of the leading FMCG brands in the Indian edible oil sector. It is the largest manufacturers of soya foods with a presence across the entire value chain in upstream and downstream businesses with secured palm plantations.
The firm operates in different verticals such as Edible oil and by-products, Oleochemicals, Textured Soya protein (TSP), Honey and Atta, Oil Palm Plantation, Biscuits, Cookies, and Rusks, Noodles and Breakfast cereals, Nutraceuticals and wellness, and Renewable energy wind power. Currently, it is leveraging its brand "Neutrela" with a range of premium products like "Neutrela High Protein Chakki Aata" and "Neutrela Honey".
Till June 2021, Ruchi Soya owns 22 manufacturing units with a total refining capacity of 11000 tonnes per day, currently, 16 plants are operational. It has a strong network distribution of 100 sale depots, 4763 distributors, and 457,788 retail outlets.
Competitive strengths
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 941,180.62 | 900,881.98 | 786,761.13 | 789,427.20 | |
| Total Revenue | 1,130,698.62 | 1,638,297.71 | 1,317,536.56 | 1,282,925.56 | |
| Profit After Tax | 33,780.52 | 68,077.18 | 771,461.39 | 3,412.89 | |
The market capitalization of Ruchi Soya Industries FPO is ₹23529.67 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 30.86 |
The Company Ruchi Soya Industries FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment and/ or prepayment of borrowings from consortium of lenders and PAL, one of our Promoters, in full or part, availed by our Company | 2,663.83 |
| 2 | Funding incremental working capital requirements of our Company | 593.42 |
| 3 | General corporate purposes | 896.45 |
[Dilip Davda] Based on all current parameters, the issue is reasonably priced. Considering its current plans, this is a pure long race horse. Investment may be considered with a short to long-term perspective in this FPO. Read detail review...
| Listing Date | April 8, 2022 |
| BSE Script Code | 500368 |
| NSE Symbol | PATANJALI |
| ISIN | INE619A01035 |
| Final Issue Price | ₹650 per share |
| BSE Listing Group | B |
Ruchi Soya Industries Ltd.
Ruchi House, Royal Palms, Survey No. 169,
Aarey Milk Colony, Near Mayur Nagar,
Goregaon (East), Mumbai 400 065
Goregaon, Maharashtra
Phone: +91 22 6109 0100 / 200
Email: ruchisoyasecretarial@ruchisoya.com
Website: http://www.ruchisoya.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ruchisoya.fpo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ruchi Soya Industries FPO is a main-board FPO of 6,61,53,846 equity shares of the face value of ₹2 aggregating up to ₹4,300.00 Crores. The issue is priced at ₹650 per share. The minimum order quantity is 21.
The FPO opens on March 24, 2022, and closes on March 28, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ruchi Soya Industries FPO using UPI as a payment gateway. Zerodha customers can apply in Ruchi Soya Industries FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ruchi Soya Industries FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ruchi Soya Industries FPO opens on March 24, 2022 and closes on March 28, 2022.
Ruchi Soya Industries FPO lot size is 21, and the minimum amount required for application is ₹13,650.
You can apply in Ruchi Soya Industries FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ruchi Soya Industries FPO will be done on Tuesday, April 5, 2022, and the allotted shares will be credited to your demat account by Thursday, April 7, 2022. Check the Ruchi Soya Industries FPO allotment status.
The Ruchi Soya Industries FPO listing date is on Friday, April 8, 2022.
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