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IPO Screener: Ruchi Soya Public Offering Closing Today


Today is the last day to subscribe for Ruchi Soya Industries ₹4,300 crore follow-on public offering (FPO). The FPO, which opened on Thursday, has been 37% subscribed so far. The company plans to sell nearly 7 crore shares through the FPO at a price range of ₹615-650.

The offering received bids for around 1.8 crore shares, compared to the 4.89 crore shares offered (excluding anchor book), according to available exchange data.

The staff massively subscribes

The employee portion was subscribed 3.68 times. The share of retail investors was subscribed 0.39 times, while the share reserved for non-institutional investors was subscribed 0.29 times. The share of qualified institutional buyers was subscribed 0.41 times. The minimum amount of the offer has been set at 21 shares.

Anchor investors

The diversified FMCG and healthcare company raised ₹1,290 crore from anchor investors on Wednesday. It allocated 1.98 crore shares to anchor investors at the upper end of the ₹650 per share price range.

Foreign investors in the anchor book include Societe Generale, BNP Paribas, Sultanate of Oman – Ministry of Defense Pension Fund, Yas Takaful PJSC (an Abu Dhabi-based insurance company), MK Cohesion, UPS Group and Alchemy.

Domestic investors include ASK Investments, Volrado Ventures, Kotak Mutual Fund, SBI Pension Fund, UTI Mutual Fund, Aditya Birla Sun Life Mutual Fund, Quant Mutual Fund, Winro Commercial, HDFC Life Insurance, SBI Life Insurance and Authum Investments.

OPS product

Ruchi Soya plans to use ₹3,300 crore from the FPO to pay off his debt. It has reserved 10,000 capital shares for subscription by employees. Baba Ramdev’s Patanjali Group acquired Ruchi Soya in 2019 for ₹4,350 crore through insolvency proceedings.

Published on

March 28, 2022