Further offering Ruchi Soya Industries has subscribed 1.69 times as far as the FPO collects offers for 8.25 crore equity shares against the size of 4.89 crore equity shares on the last day of the offer.
The retail quota, which constitutes 35 percent of this problem, has seen a subscription of 62 percent.
The company has ordered half of the offer for institutional buyers who qualified and 15 percent for non-institutional investors. Their part each subscribe to 92 percent and 5.2 times.
Employees have bid for 59,661 equity shares against 10,000 shares provided for them.
The company supported by Patanjali has muddled 1,290 crore rs through an anchor book, out of the total fundraising destination of 4,300 crore rs.
The price band for offers, which opened on March 24, has been repaired at Rs 615-650 per share.
Ruchi Soya is a FMCG and FMHG company (fast-moving health and health items), with facilities and brands that have the presence of PAN-India.
This is one of the largest FMCG companies in the oil sector that can be eaten by India and one of the full integrated oil purification companies in the country.
“The company with upstream and downstream integration is one of the key players in oil palm plantations and has developed an effective strategy to buy the main raw materials needed for business. Also products enjoy strong brand recognition in the Indian market and benefit from a strong, distribution The established and extensive, “said Astha Jain, a senior research analyst at Hem Securities.
The company has been seeking health and fitness with the launch of nutraceutical and is a leader and market leader in a branded textured soybean protein space. Therefore, Jain has a subscription ranking on this problem.
The brand portfolio consists of Nutra, Mahakosh, Ruchi Gold, Ruchi Star, Sunrich, Soyumm and others, who have a good position on the market. Ruchi Gold is the largest palm oil brand in India.
This product is sold through the Indian Pan network of more than 97 sales depots and 4,763 distributors reaching 4.57,788 retail outlets (general trading channels) in urban areas, semi-urban and rural areas in the country.
Also, the company focuses on modern trading platforms and e-commerce such as large baskets. The products are exported to more than 30 countries on September 30, 2021 worldwide.
The post Ruchi Soya FPO Last Day | Subscription Problems 1.69 times, Qib Portion booked 92%, retail quota set 59% first appeared on Businessely.com.
