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The FPO consists of fresh issuance of equity shares for an amount aggregating to Rs 4,300 crore. It includes a reservation of up to 10,000 equity shares for subscription by eligible employees.
The price band for the offer has been fixed at Rs 615-650 per share. The offer will close on 28 March 2022.
The issue is being made through the book building process. Qualified institutional buyers will be allowed to bid not more than 50% of the offer. A minimum of 15% of the FPO will be reserved for non-institutional bidders and not less than 35% of the offer shall be available for allocation to retail individual bidders.
Ahead of the FPO, the company on Wednesday (23 March) raised Rs 1,290 crore from anchor investors. The offer is entirely a fresh issue of shares.
The company said it finalised allocation of more than 1.98 crore equity shares to 46 anchor investors, at issue price of Rs 650 per share, the higher end of price band. "Of the total allocation, 41.91 lakh equity were allocated to four domestic mutual funds through a total of 24 schemes."
Ruchi Soya is recognized amongst the largest branded oil packaged food company. Its ‘Ruchi Gold' brand has a market leadership position, on account of being India's highest selling palm oil brand and also the pioneers and largest manufacturers of soya foods in India under the brand name of 'Nutrela'. It has launched its nutraceuticals under the joint branding of 'Patanjali and Nutrela'.
Net profit of Ruchi Soya Industries rose 2.92% to Rs 234.07 crore on 40.65% rise in net sales to Rs 6280.46 crore in Q3 December 2021 over Q3 December 2020.
Shares of Ruchi Soya were down 1.28% at Rs 886 on the BSE.
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