Bookbuilding FPO | ₹4,300 Cr | Listed at BSE, NSE | Thu, Mar 24, 2022 - Mon, Mar 28, 2022
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 per share. The lot size for an application is 21. The minimum amount of investment required by an retail is ₹13,650 (21 shares) (based on upper price). 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.
FPO Open
Thu, Mar 24, 2022
FPO Close
Mon, Mar 28, 2022
Issue Price
₹650 per share
Market Cap (Pre-IPO)
₹23,529.67 Cr
| IPO Date | 24 to 28 Mar, 2022 |
| Listed on | Fri, Apr 8, 2022 |
| Face Value | ₹2 per share |
| Price Band | ₹615 to ₹650 |
| Issue Price | ₹650 per share |
| Lot Size | 21 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 6,61,53,846 shares (agg. up to ₹4,300 Cr) |
| Fresh Issue | 6,61,53,846 shares (agg. up to ₹4,300 Cr) |
| Share Holding Pre Issue | 29,58,41,007 shares |
| Share Holding Post Issue | 36,19,94,853 shares |
| BSE Script Code / NSE Symbol | 500368 / PATANJALI |
| ISIN | INE619A01035 |
Ruchi Soya Industries FPO comprises a total issue size of 6,61,53,846 shares. The net offer to the public is 6,61,43,846 shares, after excluding 10,000 shares under a preferential allotment. Of the Net offer 3,30,71,922 (50.00%) are allocated to QIB, 99,21,577 (15.00%) allocated to NII 2,31,50,347 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 3,30,71,922 | 50.00% | 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% | 15.00% | NA |
| Retail Shares Offered | 2,31,50,347 | 35.00% | 34.99% | 11,02,397 |
| Preferential Reservations | ||||
| Employee Shares Offered | 10,000 | 0.02% | NA | |
| Total Shares Offered | 6,61,53,846 | 100.00% | 100.00% | |
Investors can bid for a minimum of 21 shares and in multiples thereof.
| 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 |
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| ROE | 18.32 |
| ROCE | 11.07 |
| Debt/Equity | 0.97 |
| RoNW | 78.6 |
| EBITDA Margin | 6.22% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 23.02 | |
| P/E (x) | 30.86 | |
| Promoter Holding | 98.90% | 80.82% |
| Market Cap | ₹23,529.67 Cr. |
The Ruchi Soya FPO is subscribed 3.6 times on March 28, 2022 5:00:00 PM (Day 3). The public issue subscribed 0.9 times in the retail category, 2.2 times in the QIB category, and 11.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.2 | 1,39,81,910 | 3,08,27,706 |
| NII | 11.75 | 1,04,86,305 | 12,32,05,383 |
| Retail | 0.9 | 2,44,68,045 | 2,19,58,230 |
| Employee | 7.76 | 10,000 | 77,616 |
| Total | 3.6 | 4,89,46,260 | 17,60,68,935 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 80.92 |
| 2 | Commission/processing fee for SCSBs, Sponsor BanksandBankers to the Offer. Brokerage and selling commission andbidding charges for Members of the Syndicate, RegisteredBrokers, RTAs and CDPs | 11.01 |
| 3 | Fees payable to the Registrar to the Issue | 0.09 |
| 4 | Fees payable to the other advisors to the Issue | 6.21 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 11.08 |
| 6 | Printing and stationery | 2.33 |
| 7 | Advertising and marketing expenses | 4.38 |
| 8 | Fee payable to legal counsels | 14.54 |
| 9 | Miscellaneous | 15.75 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹650.00 | ₹650.00 |
| Open | ₹850.00 | ₹855.00 |
| Low | ₹825.70 | ₹825.75 |
| High | ₹940.00 | ₹938.70 |
| Last Trade | ₹924.85 | ₹923.45 |
Lead Manager Reports
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 Crores. The issue is priced at ₹650 per share. The minimum order quantity is 21.
The FPO opens on Thu, Mar 24, 2022, and closes on Mon, Mar 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 Thu, Mar 24, 2022 and closes on Mon, Mar 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 Thu, Apr 7, 2022. Check the Ruchi Soya Industries FPO allotment status.
The Ruchi Soya Industries FPO listing date is on Fri, Apr 8, 2022.
