Ruchi Soya Industries FPO – March 24 to 28

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Ruchi Soya Industries FPO – March 24 to 28

March 22, 2022
Ruchi Soya Industries FPO – March 24 to 28

Ruchi Soya Industries Limited is coming out with a further public offer to raise Rs 4300 crores from the market.

Key details of the issue:

  • Issue opens – March 24 (Thursday)
  • Issue closes – March 28 (Monday)
  • Issue size – Rs 4300 crores
  • Price band – Rs 615 to 650 per equity share
  • Bid lot – 21 shares and in multiples thereof

And here are some details of the company and further details on the Ruchi Soya Industries Limited issue.

Company details:

Ruchi Soya Industries Limited (“Ruchi Soya”) was incorporated on 6th January, 1986. Pursuant to completion of the Corporate Insolvency Resolution Process and upon implementation of the Patanjali Resolution Plan, the company was acquired by its current promoters.

Ruchi soya 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. They are the pioneers and largest manufacturers of soya foods under their brand Nutrela’. They have launched a range of premium edible oils and blended edible oils and ‘Nutrela High Protein Chakki Atta’ and ‘Nutrela Honey’ in Fiscal 2021.

Ruchi Soya is the largest player in terms of allocated zones, to undertake palm plantation, by the Government, which assists them in backward integration of sourcing palm oil. Today, ‘Ruchi Oil Palm’ has largest allocated zone of 2,99,245 hectares. Of the aforesaid Ruchi Soya has developed 56,106 hectares as of September 30, 2021.

Further they have expanded their packaged food portfolio by acquiring the ‘Patanjaliproduct portfolio of biscuits, cookies, rusks, noodles, and breakfast cereals. In Fiscal 2022, they forayed into a niche and a high growth Fast Moving Health Goods (“FMHG”) segment with the launch of Nutraceutical business.

The business verticals of the company are i) Edible oil, its by-products and derivatives; ii) Oleochemicals; iii) Edible soya flour and Textured Soya Protein (“TSP”); iv) Honey and atta (flour); v) Oil palm plantation; vi) Nutraceutical and wellness products; Vii) Biscuits, cookies and rusks; Viii) Noodles and breakfast cereals ; ix) Renewable energy - Wind power.

Ruchi Soya has a total of 23 processing plants (of which 17 are currently operational) across India, out of which 10 such processing plants form their oil crushing and refinery units, and 1 biscuit manufacturing plant with yearly processing capacity of 27,900 MT.

Issue size: Rs 4300 crores


Employee Reservation

Upto 10000  Equity Shares

Issue break-up:

  • QIB – 50% of the net offer – Rs 2150 crores
  • NIB – 15% of the net offer – Rs 645 crores
  • RET – 35% of the net offer – Rs 1505 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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by Team Espresso

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