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Ruchi Soya Industries Limited FPO : Details and Highlights

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.