Today we will know Ruchi Soya FPO Update, Now Know and Ruchi Soya Listing Date.
Investors have the last chance to buy shares through Follow-on Public Offer (FPO) of Baba Ramdev's company Ruchi Soya Industries Ltd.
Ruchi Soya's follow-on public offer closes today. Ruchi Soya's follow-on public offer opened on March 24.
Baba Ramdev's company Patanjali holds 98.9% stake in Ruchi Soya. After this issue, Patanjali's shareholding in Ruchi Soya will come down to 81%.
Ruchi Soya FPO Update
Baba Ramdev's Patanjali-invested Ruchi Soya has launched an FPO to raise Rs 4,300 crore.
Baba Ramdev's company Ruchi Soya's FPO subscribed 3.15 times on the last day. Patanjali holds 98.9% stake in Ruchi Soya.
The reserve portion for retail investors accounted for 83% of bookings. There was 35% issue reserve for small investors.
While 50% of the issue was reserved for qualified institutional buyers, 15% was reserved for non-institutional investors.
Ramdev's company Ruchi Soya FPO had 10,000 shares reserved for employees and has bid for 76,986 shares.
Patanjali holds 98.9% stake in Ruchi Soya. After this issue, the shareholding of Patanjali will come down to 81%. According to SEBI rules, Patanjali needs to bring down its shareholding to 75%.
To invest in Ruchi Soya's FPO, one has to apply for at least 21 shares. The price band of the FPO is Rs 615 to 650 per share.
At the upper level of the price band, at least Rs 13,650 will have to be invested. After this, bidding can be done for more shares in the multiple of 21.
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