Ruchi Soya initiated its business operations in 1986. The company struggled to maintain its business operations a few years back and hence filed for sale of its business. There were two major bidders for its borders namely Adani Wilmar and Patanjali. However Patanjali bagged the contract for winning the Ruchi Soya’s business. The company is the largest Soya Manufacturer in the country. The most premium brand under the company is Neutrela. It has a capacity of production for almost 11000 tons every day with 22 manufacturing plants. Out of them 16 are operational right now. The company has 100 sales depots, 457788 retail outlets and 4763 distributors.
FPO DETAILS
Ruchi Soya Industries Limited FPO is set to launch on 24th March, 2022. The subscription timeline extends till 28th March, 2022. The size for the FPO is 4300 Crore Rs.. QIB is offered 50% of the issue while Retail investors are given 35% of the offer. HNI are offered 15% of the entire issue. The lot size is 21 shares and the price range is 615 Rs. – 650 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 2 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF FPO DETAILS
| FPO OPENING DATE | 24th March, 2022 |
| CLOSING DATE FOR FPO | 28th March, 2022 |
| ISSUE TYPE | Book Built Issue FPO |
| Face Value per share | 2 Rs. per share |
| FPO price band | 615 Rs. – 650 Rs. |
| LOT SIZE | 21 shares |
| MINIMUM ORDER QUANTITY | 21 shares |
| ISSUE SIZE | 4300 Crore Rs. |
| QIB’s share in issue | 50% of issue |
| Retail and HNI share in issue | 35% and 15% respectively of the issue |
| LISTING AT | NSE, BSE |
| LISTING DATE | 6th April, 2022 |
IMPORTANT DATES
| FPO OPENING DATE | 24th March, 2022 |
| CLOSING DATE FOR FPO | 28th March, 2022 |
| FPO ALLOTMENT DATE | 31st March, 2022 |
| REFUNDS | 4th April, 2022 |
| DEMAT A/C CREDITED ON | 5th April, 2022 |
| FPO LISTING DATE | 6th April, 2022 |
Ruchi Soya Industries Limited FPO begins for subscription from 24th March, 2022. The FPO subscription would continue till 28th March, 2022. The allotment status for the shareholders who applied would come on 31st March, 2022. The refunds for the ones who did not get allotment would be initiated on 4th April, 2022. The DEMAT accounts of shareholders would be credited on 5th April, 2022. The listing of the company would be accompanied on 6th April, 2022
Lead Managers And Promoters
The promoters of the company are Ram Bharat, Acharya Balkrishna, Patanjali Ayurved Limited, Snehlata Bharat, Divya Yog Mandir Trust, Patanjali Parivahan Private Limited, Ruchi Soya Industries Limited Beneficiary Trust, Patanjali Gramodyog Nyas, Divya Packmaf Private Ltd, Yogakshem Sansthan, Patanjali Peya Private Limited, Vedic Broadcasting Limited, Patanjali Natural Biscuits Private Ltd, Sanskar Info TV Pvt Ltd, SS Vitran Healthcare Pvt Ltd, Gangotri Ayurveda Limited, Swasth Aahar Pvt Ltd, Patanjali Renewable Energy Pvt Ltd, Vedic Ayurmed Pvt Ltd, Patanjali Agro India Pvt Ltd, Patanjali Paridhan Pvt Ltd.
The lead managers are :
- ICICI Securities Limited
- Axis Capital Limited
- SBI Capital Markets Limited
The minimum lot size for the company is decided at 21 shares. This holding accounts to 13650 Rs.. The maximum lot size is decided at 294 shares. This amounts to 191100 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 21 shares | 13650 Rs |
| Maximum | 294 shares | 191100 Rs |
OBJECTIVES FOR THE FPO
- The funds can be utilised for General corporate purposes.
- Repayment of Borrowings.
- The company has a high amount of capital expenditure ahead for development of new manufacturing facilities.
COMPANY FINANCIALS
| Particulars (in LAKH Rs.) | Sept. 2021 | 2020-21 | 2019-20 |
| ASSETS | 941180 | 900881 | 786761 |
| REVENUE | 1130698 | 1638297 | 1317536 |
| P.A.T | 33780 | 68077 | 771461 |
The financials of the company are excellent even in times of COVID. The company has been increasing its assets with time. The Patanjali Brand was very successful in its diet conscious campaigns during COVID Times. This is the reason Ruchi Soya gained so much attention during that period. However the company’s financials are pretty impressive.
PROS
- Huge asset base.
- Great distribution network.
- Company has the highest Soya manufacturing capacity in India.
CONS
- The company works in a highly competitive business segment.
Ruchi Soya Industries Limited FPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an FPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Ruchi Soya Industries Limited FPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the FPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an FPO online is possible with most of the Discount and online brokers.
