Yeh FPO kya kahta hai? RUCHI SOYA INDUSTRIES LIMITED
All that you should know about the Company before applying for the FPO.
The public issue of equity shares of Ruchi Soya Industries Limited opens for subscription on March 24, 2022 and closes on March 28, 2022. It is expected to list on the stock exchanges on April 06, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Company Profile
Incorporated in 1986, Ruchi Soya Industries, a part of Patanjali Group, is one of the leading FMCG brands in the Indian edible oil sector. It is the largest manufacturer of soya foods with a presence across the entire value chain in upstream and downstream businesses with secured palm plantations.
The Company operates in different verticals such as Edible oil and by-products, Oleochemicals, Textured Soya Protein (TSP), Honey and Atta, Oil Palm Plantation, Biscuits, Cookies, and Rusks, Noodles and Breakfast cereals, Nutraceuticals and wellness, and Renewable energy wind power. Currently, it is leveraging its brand "Neutrela" with a range of premium products like "Neutrela High Protein Chakki Aata" and "Neutrela Honey".
The Company owns 22 manufacturing units with a total refining capacity of 11,000 tonnes per day, currently, 16 plants are operational (as of June 2021). It has a strong distribution network of 100 sale depots, 4,763 distributors, and 4,57,788 retail outlets.
Who are the Promoters of the Company?
Acharya Balkrishna, Ram Bharat, Snehlata Bharat, Patanjali Ayurved Limited, & more
Positives about the Company
- Strong promoter pedigree of Ramdev led Patanjali group, a leading FMCG and wellness-oriented brand
- Upstream and downstream integration and one of the key players in Oil Palm Plantation
- Pioneer and market leader in branded TSP space
- Its products enjoy strong brand recognition in the Indian market
- Strong, established, and extensive distribution network
- Foray into health and wellness space with launch of Nutraceuticals
- Presence across mass, value and premium segment
- Experienced leadership and management team
Who are its key competitors?
- ITC Limited
- Nestle India Limited
- Britannia Industries Limited
- Dabur Limited
- Marico Limited
- Godrej Agrovet Limited
- Zydus Wellness Limited
Why is the Company going public?
Given below are the objectives of the Company –
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment and/or prepayment of the company's borrowings, in full or part.
- Funding working capital requirements
- General corporate purposes
IPO Details
| IPO Size | ₹ 4,300 Crore |
|---|---|
| Offer Mix | 100% Fresh Issue |
| Price Band | ₹ 615 - ₹ 650 |
| Lot Size | 21 Shares (& in multiples thereof) |
| Face Value | ₹ 2 |
| Application Amount | Min. ₹ 13,650 (1 lot) | Max. ₹ 1,91,100 (14 lots) [at upper price band] |
| Listing on | NSE & BSE |
| Registrar | Link Intime India Private Limited |
| Cut-off time for UPI Mandate Confirmation | 29-Mar-2022 (up to 12:00 PM) |
Category Wise Availability
| QIB |
₹ 2,149.68 Crore (50% of Net Issue) |
|---|---|
| NIB |
₹ 644.90 Crore (15% of Net Issue) |
| Retail |
₹ 1,504.77 Crore (35% of Net Issue) |
| Employee Reservation Portion | ₹ 65 Lakh (up to 10,000 Equity Shares) |
Indicative Issue Timeline
| Activity | Date |
|---|---|
| IPO Opens | March 24, 2022 |
| IPO Closes | March 28, 2022 |
| Finalization of the basis of allotment | March 31, 2022 |
| Unblocking of funds / Initiation of refunds | April 04, 2022 |
| Credit of equity shares to Demat accounts | April 05, 2022 |
| Listing of equity shares | April 06, 2022 |
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