{"id":13793,"date":"2022-03-24T11:20:12","date_gmt":"2022-03-24T05:50:12","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=13793"},"modified":"2022-03-28T13:05:08","modified_gmt":"2022-03-28T07:35:08","slug":"ruchi-soya-industries-limited-fpo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/ruchi-soya-industries-limited-fpo\/","title":{"rendered":"Ruchi Soya Industries Limited FPO"},"content":{"rendered":"\t\t
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Ruchi Soya Industries Ltd plans to raise up to \u20b94,300 crore through follow-on public offering (FPO). The FPO opens on March 24, 2022, for subscription and will close on March 28, 2022. Ruchi Soya’s parent company is Patanjali Ayurved.<\/p>

The company has fixed the price band at \u20b9615-650 per share for its follow-on public offer. The FPO price is at nearly a 29 per cent discount against the last traded price.<\/p>

The FPO consists of fresh issue of equity shares and up to 10,000 equity shares are reserved for its employees.<\/p>

The company has allotted shares worth \u20b91,290 crore to anchor investors ahead of its \u20b94,300-crore follow-on public offering (FPO). A total of 19.83 million shares were allotted at \u20b9650 apiece.\u00a0<\/p>

The purpose of the FPO is to dilute the promoter holding in the company in order to comply with the 25 per cent minimum public shareholding norms, to repay its debt and utilise the capital for its working capital requirements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Ruchi Soya Industries Limited is a diversified Fast Moving Consumer Goods (FMCG) and Fast Moving Health Goods (FMHG) focused company. The company has strategically located manufacturing facilities and well-recognised brands having a pan-India presence. Ruchi is one of the largest FMCG companies in the Indian edible oil sector and one of the largest fully integrated edible oil refining companies in India.<\/p>

The company is present across the entire value chain in palm and soya segment, with a healthy mix of upstream and downstream business. Moreover, the company has been allocated zones, to undertake palm plantation, by the Government, which assists in backward integration of sourcing palm oil.<\/p>

The company has also leveraged its brand \u2018Nutrela\u2019 and it has launched a range of premium edible oils, blended edible oils, \u2018Nutrela High Protein Chakki Atta\u2019 and \u2018Nutrela Honey\u2019 in fiscal year 2021. In fiscal year 2022, it forayed into the niche and a high growth FMHG segment with the launch of their Nutraceutical business.<\/p>

Further, Ruchi has expanded their packaged food portfolio by acquiring the \u2018Patanjali\u2019 product portfolio of biscuits, cookies, rusks, noodles, and breakfast cereals.<\/p>

In addition, the company has a wind power generation business, where the renewable power generated is used for sale and for captive use. With this business, the company expects to offset its carbon footprint as much as possible.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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