• Price Band of Rs 615 to Rs 650 per equity share bearing face value of Rs 2 each 
  • Bid/Issue Opening Date – Thursday, March 24, 2022
  • Bid/Issue Closing Date – Monday, March 28, 2022.
  • Minimum Bid Lot is 21 Equity Shares and in multiples of 21 Equity Shares thereafter.
  • The Floor Price is 307.50 times the face value of the Equity Share 

Ruchi Soya Industries Limited, a part of the Patanjali Group has fixed a price band at Rs 615 to Rs 650 per share for its follow-on public offer. The follow-on public offering (FPO) will open on Thursday, March 24, 2022 for subscription and will close on Monday, March 28, 2022. The FPO consists of fresh issuance of Equity Shares for an amount aggregating to Rs 4,300 crore.The issue also includes a reservation of up to 10,000 Equity Shares for subscription by eligible employees.

Ruchi Soya is recognized amongst the largest branded oil packaged food company. Its ‘Ruchi Gold’ brand has a market leadership position; on account of being India’s highest selling palm oil
brand and also the pioneers and largest manufacturers of soya foods in India under the brand name of “Nutrela’. The Company is recognised amongst the largest branded oil packaged food company with a strong portfolio of brands in various types of cooking oils under categories such as palm, soybean, mustard, sunflower, cottonseed etc. with robust brands portfolio of “Ruchi Gold”, “Mahakosh”, “Sunrich”, Ruchi Star and Ruchi Sunlight.

The Company has expanded its packaged food portfolio by acquiring the ‘Patanjali’ product portfolio of biscuits, cookies, rusks, noodles, and breakfast cereals and is a part of the Patanjali group, one of India’s leading FMCG and health and Wellness Company. On the back of Patanjali group’s over 14 years’ experience in the nutraceutical and wellness products, Ruchi Soya has launched its nutraceuticals under the joint branding of ‘Patanjali and Nutrela’.

SBI Capital Markets Limited, Axis Capital Limited and ICICI Securities Limited are the book running lead managers to the Issue.

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IE&M Team
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