Ruchi Soya Industries Ltd IPOIPO Details with Share Price Range and Issue Size | Motilal Oswal
Ruchi Soya Industries Ltd IPOIPO Details with Share Price Range and Issue Size | Motilal Oswal

Ruchi Soya Industries Ltd IPO

Opening Date

To be announced

Closing Date

To be announced

Face Value

To be announced

IPO Price Band

To be announced

Minimum Order Quantity

To be announced

Issue Size

Rs.4,30,000 lacs

 

Ruchi Soya Industries Ltd is coming out with a follow-on public offer. A Follow-on Public Offer means issuing of shares of an already listed company to the public. Like an IPO, this issue can be in the form of new shares or an offer for sale from the promoter or major investor group. Let’s seek more details on this further.

  • About the Company -

The company is a diversified FMCG and FMHG focused company, with strategically located manufacturing facilities and well recognised brands having pan India presence. Ruchi Soya Industries Ltd 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. Being the pioneers and largest manufacturers of soya foods has aided its brand ‘Nutrela’ in becoming a household and generic name in India.

For the nine-months period ended December 31, 2020 the revenue from operations and other income stood at Rs 11,52,347.56 lakhs.

  • Ruchi Soya Industries Ltd IPO details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Ruchi Soya Industries Ltd’s date and it’s share price.

  • Ruchi Soya Industries Ltd IPO date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is yet to be declared, tentatively slated to go live in the month of November 2021.

  • Ruchi Soya Industries Ltd issue size -

The total issue size of the follow-on IPO of Ruchi Soya Industries Ltd is expected to be around Rs ₹ 4,30,000 lakhs. The issue will comprise a mix of both fresh and an offer for sale.

  • Ruchi Soya Industries Ltd IPO share price

The price band of the company’s upcoming follow-on IPO is yet to be finalised and announced by the company.

  • Ruchi Soya Industries Ltd IPO listing

Since the follow-on IPO of Ruchi Soya Industries Ltd  is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

  • Ruchi Soya Industries Ltd IPO objectives

The net proceeds of the Issue are proposed to be utilised in the following manner:

  1. Repayment and/ or prepayment, in full or part, of certain borrowings availed by the Company;
  2. Funding incremental working capital requirements of the Company
  3. General corporate purposes

Conclusion

Being a follow-on IPO, this might be the best chance for investors to invest in one of the largest FMCG companies in India viz Ruchi Soya Industries Ltd. If you want to invest in this new-age technology led company, you will first need to have an online demat account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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