Ruchi soya share price

Ruchi Soya FPO: The much-awaited follow-on public offer (FPO) of Patanjali Group-owned Ruchi Soya Industries is set to open for subscription on Thursday, March 24, 2022. The Rs 4,300 crore Ruchi Soya FPO will be available for subscription till Monday, March 28, 2022, and the price band of the company has been fixed at Rs 615-650 per share. Ruchi Soya is into fast-moving consumer goods (FMCG) and fast-moving health goods (FMHG). It primarily operates in the business of processing oilseeds, refining crude edible oil for use as cooking oil, manufacturing soya products, and value-added products. The company has an integrated value chain in palm and soya segments, having a farm-to-fork business model. Ruchi Soya owns brands such as Mahakosh, Sunrich, Ruchi Gold and Nutrela. In 2019, Patanjali Group had acquired the stock exchange-listed company through an insolvency process for Rs 4,350 crore. Ruchi Soya Industries came out with its FPO to meet market regulator Sebi’s norm of minimum public shareholding of 25 per cent in a listed entity. Last year in August, it had received the go-ahead from Sebi to launch the FPO. The draft red herring prospectus (DRHP) for the same was filed in June last year. Click here for more According to Sebi rules, the company needs to bring down promoters’ stake to achieve the minimum public shareholding of 25 per cent. It has around 3 years to pare promoters’ stake to 75 per cent. Patanjali, which presently owns 98.9 per cent of the company, at the up...

Mumbai: FMCG major Ruchi Soya Industries, which went through an insolvency resolution process and acquired by Patanjali Ayurved, has seen a dream run in the stock market since its relisting in January. Shares of the company have surged a whopping 8,800 per cent in the past five months. On January 27, the day it was relisted it closed at Rs 16.90 and on Friday it closed at its all-time high of Rs 1,507.30 a scrip. The stock opened for trading again after Patanjali Ayurved acquired it for Rs 4,350 crore last year through a corporate insolvency resolution process. Its market capitalisation has surged to Rs 44,592.11 crore, making it feature among the top 100 most valued companies in India in terms of market capitalisation. Its market cap surpassed that of another FMCG major Marico Ltd, whose market capitalisation stood at Rs 44,495.88 crore. Since its resolution and relisting, investors have been very bullish on the stock and those investors who did not bet on the restructured company's shares during the relisting are repenting now. Assigning a 'stable' rating outlook for its bank loan facilities last month, Brickwork Ratings had said that Ruchi Soya's liquidity position remains adequate, considering the absence of fixed debt obligations during FY21, a low average collection period and the availability of unencumbered liquid 1 assets of over Rs 380 crore for meeting its required working capital needs. "The management also plans to raisefunds through a public offering of share...

Ruchi Soya, backed by yoga guru Baba Ramdev, has priced its Rs 4,300 crore follow-on public offering (FPO) which will run from March 24 to 28 at Rs 615-650 a share. The higher end of the price band – Rs 650 a share – represents a 35 percent discount from Thursday's closing price. The firm said the minimum bid will be for 21 shares and in its multiples thereafter. The red herring prospectus says shares will be credited on April 5 and their trading will start a day after. Refunds will initiate on 4 April. The proceeds from the FPO will be used for repaying certain outstanding loans, meeting incremental working capital requirements and other general corporate purposes. Ruchi Soya pioneered soya foods in India under the Nutrela brand in the 1980s. Patanjali group's acquisition enables Ruchi Soya to benefit from the ayurveda firm's pan-India distribution network, know-how in FMCG and group synergies. Recently, a clip of Ramdev urging viewers to invest in Ruchi Soya stock during a yoga session on Aastha TV channel went viral. The market watchdog asked Ruchi Soya to explain why the yoga guru violated norms. Ruchi Soya shares relisted on 27 January 2020 at Rs 16.10 apiece and soared around 52 week high of Rs 1,378 on 9 June 2021. The stock is now trading at Rs 1,004.35 on the BSE, down 6.22 percent from its previous close.

The portion reserved for Retail Individual Investors(RIIs) was subscribed by 21% with bids of 51,09,594 equity shares against offered 2,44,68,045 equity shares. Meanwhile, the portion reserved for Qualified Institutional Buyers(QIBs) got subscribed by 1% and that of Non-Institutional Investors (NII) by 3%. The issue also includes a reservation of up to 10,000 Equity Shares for eligible employees who subscribed by 1.76 times against the reserved portion on Day 1. Ruchi Soya's FPO opened on Thursday, March 24, and will continue till Monday, March 28, 2022. The issue has a fixed price band at ₹615 to ₹650 per share. The issue comprises fresh issuance of Equity Shares for an amount aggregating to ₹4,300 crore. On BSE, Ruchi Soya shares witnessed volatility yesterday. The shares finished at ₹872.75 apiece down by ₹24.70 or 2.75%. The shares were between intraday high and low of ₹897.45 apiece to ₹851 apiece. Under the issue, 50% of the Offer size is available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer is for Non-Institutional Bidders and about 35% of the Offer is reserved for allocation to Retail Individual Bidders. Marwadi Financial Services in its note for Ruchi Soya FPO highlighted that considering the FY21 EPS of Rs.18.81 on a post-issue basis, the company is going to list at a P/E of 34.56x with a market cap of Rs.235,297 mn whereas its peers namely Agro Tech and Marico are trading at PE of 96.26x and 54.62x. "We assign a “Subscribe" r...

Patanjali Foods Limited, formerly Ruchi Soya Industries Limited, is an India-based company, which is engaged in the edible oil business. The Company is engaged in the manufacturing and marketing of a healthy range of edible oils and soya foods in India. The Company owns approximately 22 manufacturing units that cumulatively translate to a refining capacity of over 11000 tons per day, seed crushing capacity of 11000 tons per day, and a packaging capacity of 10000 tons per day. The Company's brands include Nutrela, Mahakosh, Sunrich, Ruchi Gold and Ruchi No.1. The Company's Nutrela soya foods products include Nutrela Soya Chunks, Nutrela Soya Granules and Nutrela Soya Mini Chunks. It also offers Nutrela High Protein Chakki Atta and Nutrela Honey. Its Biscuits Division offers Patanjali Aarogya Multi grain biscuits, Patanjali Digestive Whole Wheat cookies, Patanjali Butter cookies, Patanjali Creamfeast Chocolate Biscuit, Patanjali Creamfest Elaichi Biscuit and Patanjali Doodh Biscuits. ;

Ruchi Soya share price has been under sell-off heat for last one week. However, the stock hit lower circuit on Wednesday after the central government's announcement to exempt customs duty and agri cess on yearly import of 20 lakh MT each of crude soyabean and sunflower oil till March 2024 to cap domestic prices. According to stock market experts, this announcement has worked as immediate trigger for Ruchi Soya share price tumble but other reasons like rising input cost and weak Q4 results are also one of the reasons for sudden tank in Ruchi Soya shares. Echoing with Avinash Gorakshkar's views, Anuj Gupta, Vice President — Research at IIFL Securities said, "In last few months, due to high inflation, input cost of edible oil makers have gone higher and hence in the wake of lowering edible oil prices, market is expecting that Ruchi Soya's quarterly numbers are expected to remain under pressure in upcoming quarters as well." Anuj Gupta of IIFL Securities said that those who have Ruchi soya shares in their stock portfolio can hold the stock with stop loss at ₹940 levels. He said that festival season is expected to start in next 2-3 months and there can be trend reversal in the stock after rise in demand due to the beginning of festive season. Ruchi Soya share price hit 5 per cent lower circuit on third successive session on Wednesday and closed at ₹1044.10 per share levels on NSE. In last one week, this FMCG stock has tumbled more than 13 per cent. Disclaimer: The views and rec...

Patanjali-backed Ruchi Soya’s share price fell as much as 19.3% on Wednesday morning, a day after the company announced that it has finalised the FPO (Follow-on Public Offer) share allotment. Shares of Ruchi Soya had closed Tuesday’s trading session at Rs 874.45 per share. On Wednesday morning, the stock opened for trade at Rs 706 per share, down 19.3%. However, the stock did recoup a large part of its losses and nearly two hours after the opening bell, it was trading at Rs 791 per share, down just 9.6%. In a BSE filing, Baba Ramdev’s Ruchi Soya said that the Issue Committee of the Board of Directors of the company at its meeting held on April 5, approved the allotment of 6,61,53,846 equity shares of face value of Rs 2 each, for an amount aggregating to Rs 4,300 crores, pursuant to the Issue. The paid-up equity share capital of the company now stands at Rs 72,39,89,706 as against Rs 59,16,82,014 earlier. Shares were allotted at price of Rs 650 per share. Ruchi Soya completed its controversial FPO last month. The FPO came under capital market watchdog SEBI’s scanner after SMSes were sent to Patanjali customers about the FPO. The company’s promoters have said they had no role in sending the said messages. SEBI had then stepped in and allowed investors to withdraw their bids for the FPO. Foreign portfolio investors (FPIs) withdrew 97% of their bids after SEBI allowed the withdrawal of bids in the Ruchi Soya Industries FPO, Paytm, Nestle, Tata Motors, Titan, NTPC, IDFC among 1...

Sales 2023 318B 3878M 3878M Net income 2023 8720M 106M 106M Net Debt 2023 - - - P/E ratio 2023 46,5x Yield 2023 0,45% Sales 2024 338B 4123M 4123M Net income 2024 13744M 168M 168M Net Debt 2024 - - - P/E ratio 2024 29,5x Yield 2024 0,49% Capitalization 406B 4950M 4950M Capi. / Sales 2023 1,28x Capi. / Sales 2024 1,20x Nbr of Employees 3 547 Free-Float 19,2% More Financials Company Patanjali Foods Limited, formerly Ruchi Soya Industries Limited, is an India-based company, which is engaged in the edible oil business. The Company is engaged in the manufacturing and marketing of a healthy range of edible oils and soya foods in India. The Company owns approximately 22 manufacturing units that cumulatively translate to a refining capacity of over 11000 tons per day, seed crushing capacity of 11000...