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Ruchi Soya FPO – Details

Operating as a subsidiary of the Patanjali Group, Ruchi Soya is planning to launch an FPO (follow-on public offer) worth Rs. 4300 crores. This public offer is scheduled to go live on 24 March 2022 and will close on 28 March 2022 at face value of Rs. 2 for each equity share. Moreover, the Ruchi Soya FPO price band is likely to be in the range of Rs. 615 to Rs. 650.

This FPO comes as a part of the Patanjali Group’s effort to raise money through further sale of around 17% stake in the company. At present, Patanjali owns 98.90% of this company, which needs to be brought down to 75%. Hence, this move. The company received its approval for this procedure in August 2021 from the capital market regulator SEBI.

Here are the details of Ruchi Soya IPO lot size:

  • Minimum lot size: 1 which would be 21 shares (Rs. 13,650)

  • Maximum lot size: 14 which would be 294 shares (Rs. 191,100)

Furthermore, the allocation of shares for different investor categories is:

  1. For Qualified Institutional Buyers or QIB, it is 50%
  2. For Retail Individual Investors or RII, it is 35%
  3. For Non-institutional Investors or NII, it is 15%

Additionally, the lead managers of this public issue are –

  1. SBI Capital Markets Limited
  2. ICICI Securities Limited
  3. Axis Capital Limited

Lastly, the registrar of this follow-on public offer is Link Intime India Private Limited.

Issue Type

Book-built

Listing at

BSE and NSE

FPO Price Band

Rs. 615 to Rs. 650

Face Value

Rs. 2

per equity share

FPO Size

Rs. 4,300 crores

Ruchi Soya FPO Dates

FPO Event Date
FPO Opens on 24 March 2022
FPO Closes on 28 March 2022
Basis Of Allotment Publication Date 31 March 2022
Credit Of Shares To Demat Account 5 April 2022
Initiation Of Refunds 4 April 2022
FPO Listing Date 6 April 2022

View all upcoming IPOs

About Ruchi Soya Industries Ltd.

Incorporated in 1986, Ruchi Soya is one of India's leading edible oil manufacturers. The company, which is currently a part of the Patanjali Group, has a product portfolio that exceeds beyond edible oil.

The current product portfolio of the company also consists of soya products, biscuits, honey and various other food items. The 'Nutrela' brand of Ruchi Soya is quite popular across India and almost enjoys a synonymous status with soya chunks.

Currently, Ruchi Soya has 22 manufacturing units spreading across the country. Moreover, the current refining capacity of this group is 11,000 tonnes per day and a packaging capacity of 10,000 tonnes per day. Coupled with its wide distribution and sales network, Ruchi Soya has established itself as a leading brand in the FMCG segment of this country. Following the approval from its directors, Ruchi Soya FPO is slated to hit the market this month.

Ruchi Soya FPO Objectives

  • Prepayment or repayment of company’s specific debts.

  • Meeting a few incremental working capital needs of the company.

  • Funding general corporate purposes.

Why Should You Invest In Ruchi Soya FPO?

Ruchi Soya is the leading edible oil manufacturer in India. Here are a few reasons for investing in this FPO –

  1. Ruchi Soya is an established brand in its segment with a pan India presence.
  2. The company has multiple manufacturing units producing a wide range of FMCG products with a primary focus on edible oils, biscuits and cookies, atta, etc.
  3. Besides its cooking oil business, the ’Nutrela’ brand of Ruchi Soya enjoys almost a synonymous status in the soya chunks segment. This brand is also a significant revenue driver for this company.
  4. As per BSE’s official website, the share price of Ruchi Soya closed at Rs. 1004.45 on 17 March 2022.

Financial Highlights

Financial Year Total Income Total Expenses Profit After Tax
March 2019 Rs. 12,829.26 Rs. 12,607.30 Rs. 76.72
March 2020 Rs. 13,175.37 Rs. 12,716.89 Rs. 224.38
March 2021 Rs. 16,382.98 Rs. 15,364.61 Rs. 680.77

**Note: Amount mentioned here in crores

Ruchi Soya FPO Latest News and Subscription Status Today [Live]

Day 3: 28 March 2022
Day 2 : 25 March 2022
Day 1 : 24 March 2022

At 10:30:00 AM.

- This IPO has been subscribed 1.32x by 10:30 AM. on Day 3

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.87x

- (NII) Non-institutional buyers: 3.89x

- (RII) Retail Individual buyers: 0.48x

- Employees: 4.96x

 

At 12:30:00 PM.

- This IPO has been subscribed 1.67x by 12:30 PM. on Day 3

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.92x

- (NII) Non-institutional buyers: 5.14x

- (RII) Retail Individual buyers: 0.61x

- Employees: 5.90x

 

At 1:20:00 PM.

- This IPO has been subscribed 1.74x by 1:20 PM. on Day 3

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.92x

- (NII) Non-institutional buyers: 5.33x

- (RII) Retail Individual buyers: 0.66x

- Employees: 6.16x

 

At 2:10:00 PM.

- This IPO has been subscribed 2.27x by 2:10 PM. on Day 3

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 1.11x

- (NII) Non-institutional buyers: 7.49x

- (RII) Retail Individual buyers: 0.70x

- Employees: 6.83x

 

At 3:20:00 PM.

- This IPO has been subscribed 3.21x by 3:20 PM. on Day 3

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 1.76x

- (NII) Non-institutional buyers: 10.69x

- (RII) Retail Individual buyers: 0.84x

- Employees: 7.72x

 

At 5:00:00 PM.

- This IPO has been subscribed 3.60x by 5:00 PM. on Day 3

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 2.20x

- (NII) Non-institutional buyers: 11.75x

- (RII) Retail Individual buyers: 0.90x

- Employees: 7.76x

At 12:20:00 PM.

- This IPO has been subscribed 0.17x by 12:20 PM. on Day 2

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.03x

- (NII) Non-institutional buyers: 0.06x

- (RII) Retail Individual buyers: 0.29x

- Employees: 2.81x

 

At 1:30:00 PM.

- This IPO has been subscribed 0.18x by 1:30 PM. on Day 2

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.03x

- (NII) Non-institutional buyers: 0.08x

- (RII) Retail Individual buyers: 0.31x

- Employees: 2.85x

 

At 2:20:00 PM.

- This IPO has been subscribed 0.20x by 2:20 PM. on Day 2

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.07x

- (NII) Non-institutional buyers: 0.08x

- (RII) Retail Individual buyers: 0.33x

- Employees: 2.91x

 

At 2:40:00 PM.

- This IPO has been subscribed 0.29x by 2:40 PM. on Day 2

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.35x

- (NII) Non-institutional buyers: 0.08x

- (RII) Retail Individual buyers: 0.33x

- Employees: 2.95x

 

At 3:40:00 PM.

- This IPO has been subscribed 0.34x by 3:40 PM. on Day 2

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.41x

- (NII) Non-institutional buyers: 0.18x

- (RII) Retail Individual buyers: 0.36x

- Employees: 3.18x

 

At 4:30:00 PM.

- This IPO has been subscribed 0.34x by 4:30 PM. on Day 2

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.41x

- (NII) Non-institutional buyers: 0.18x

- (RII) Retail Individual buyers: 0.36x

- Employees: 3.18x

 

At 5:10:00 PM.

- This IPO has been subscribed 0.37x by 5:10 PM. on Day 2

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.41x

- (NII) Non-institutional buyers: 0.26x

- (RII) Retail Individual buyers: 0.39x

- Employees: 3.68x

At 3:40:00 PM.

- This IPO has been subscribed 0.6x by 3:40 PM. on Day 1

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.01x

- (NII) Non-institutional buyers: 0.01x

- (RII) Retail Individual buyers: 0.10x

- Employees: 0.75x

 

At 4:30:00 PM.

- This IPO has been subscribed 0.11x by 4:30 PM. on Day 1

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.01x

- (NII) Non-institutional buyers: 0.03x

- (RII) Retail Individual buyers: 0.20x

- Employees: 1.75x

 

At 5:10:00 PM.

- This IPO has been subscribed 0.12x by 5:10 PM. on Day 1

- It is a public issue of 4,89,46,260 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.01x

- (NII) Non-institutional buyers: 0.03x

- (RII) Retail Individual buyers: 0.21x

- Employees: 1.76x

How to Apply for Ruchi Soya FPO?

You can apply for the Ruchi Soya FPO in these ways:

Demat Account

  • Subscribing for this follow-up public offer of Ruchi Soya is not a hassle anymore. Novice investors, especially those investing for the first time, can open and utilise a Demat account without bearing any additional charges through the Angel One platforms. Once they receive their login details, prospective investors can apply for this FPO of Ruchi Soya or any other public issue of their interest.

  • On the other hand, current clients of Angel One can click here to submit their application for this FPO of Ruchi Soya.

UPI

  • Individuals can also invest in this Ruchi Soya FPO using their respective UPI IDs. Once they have connected their bank account with their UPI handle, they simply need to link it with their Angel One account using the website or the mobile app. After that, they can bid for this public issue or any other of their choice.
  • Additionally, individuals can also use their UPI IDs to block the subscription amount as per the Ruchi Soya FPO price when they plan to.

Ruchi Soya FPO – Noteworthy Highlights

Ruchi Soya began its journey in 1986, and come 2022, it is one of the leading brands in India’s rapidly growing FMCG market. Following are some highlights of the company that one should know before investing –

  1. Currently, Ruchi Soya has 22 manufacturing units in India with a combined refining capacity of 11,000 tonnes per day and a packaging capacity of 10,000 tonnes per day.

  2. The company has a pan India network with 4500+distributors, 100+ sales depots, and 4, 50,000+ retail outlets.

  3. It is currently a part of the well-known Patanjali Group, a company primarily known for producing ayurvedic products.

  4. Ruchi Soya has managed to expand its product portfolio beyond cooking oils and soya chunks. It is helping the company to cater to a larger customer base.

Ruchi Soya FPO – SWOT analysis

strengths

Strengths

  • Market presence:

    Ruchi Soya commenced its journey in 1986, and they are a leading brand in India’s FMCG market. Moreover, its widespread distribution network helps it to scale new products faster and tap into more markets.

  • Manufacturing capacity:

    As mentioned above, the production and packaging capacity of Ruchi Soya gives it a competitive advantage over its peers.

  • Association with the Patanjali Group:

    The association of the Patanjali Group also gives Ruchi Soya an edge over its competitors.

Weaknesses

Weaknesses

  • Recent financial struggles:

    The company has faced financial struggles in recent years, which led to its sale to the Patanjali Group.

Opportunities

Opportunities

  • New products:

    In recent years, Ruchi Soya has introduced a number of products apart from its already established cooking oil and soya chunks business. This new line includes atta, cookies, biscuits and others. These products are also driving good numbers for the company.

Threats

Threats

  • Increasing competition:

    The increase of competition from its peers poses a threat to Ruchi Soya. Moreover, India's FMCG market is competitive, with other brands having a bigger portfolio of products and a similarly extensive distribution network.

Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Market presence: Ruchi Soya commenced its journey in 1986, and they are a leading brand in India’s FMCG market. Moreover, its widespread distribution network helps it to scale new products faster and tap into more markets.
  • Manufacturing capacity: As mentioned above, the production and packaging capacity of Ruchi Soya gives it a competitive advantage over its peers.
  • Association with the Patanjali Group: The association of the Patanjali Group also gives Ruchi Soya an edge over its competitors.

Weaknesses 

  • Recent financial struggles: The company has faced financial struggles in recent years, which led to its sale to the Patanjali Group.

Opportunities 

  • New products: In recent years, Ruchi Soya has introduced a number of products apart from its already established cooking oil and soya chunks business. This new line includes atta, cookies, biscuits and others. These products are also driving good numbers for the company.

Threats 

  • Increasing competition: The increase of competition from its peers poses a threat to Ruchi Soya. Moreover, India's FMCG market is competitive, with other brands having a bigger portfolio of products and a similarly extensive distribution network.

Competitive Analysis: Market Peers

The following table offers an outlook of Ruchi Soya’s position among its market competitors:

Competitor Face value Sector P/E Market Cap. (in Rs. crores) Dividend yield
Adani Wilmar 1 60.01 49,361 NA
Agro Tech Foods Limited 10 35.58 2,031 0.36
Ajanta Soya 10 35.58 353 NA
Gokul Agro 2 35.58 977 NA
BCL Industries Limited 10 35.58 1,117 1.08
AVT Natural Products Limited 1 35.58 1,854 0.57

*Note: Data as of 17 March 2022

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