Ruchi Soya IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 31, 2023Let’s have a detailed review of the company and analytics of the Ruchi Soya Industries IPO release date, IPO offer price, subscription, Ruchi Soya Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 615 to Rs 650 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 21 Shares |
| Listing Date | Apr 6, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 4,30,000 Lakh |
| Tick Size | 1 |
Ruchi Soya Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Ruchi Soya Industries IPO – Summary
Their Company is a diversified FMCG and FMHG focused company, with strategically located manufacturing facilities and well-recognized brands having a pan India presence.
They are 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 their brand ‘Nutrela’ in becoming a household and generic name in India.
They are across the entire value chain in the palm and soya segment, with a healthy mix of upstream and downstream businesses.
The Promoters of this company are:
Acharya Balkrishna, Ram Bharat, Snehlata Bharat, Patanjali Ayurved Limited, Patanjali Parivahan Private Limited, Divya Yog Mandir Trust, Patanjali Gramudyog Nayas, Yogakshem Sansthan, Ruchi Soya Industries Limited Beneficiary Trust, Vedic Broadcasting Limited, Patanjali Peya Private Limited, Patanjali Natural Biscuits Private Limited, Divya Packmaf Private Limited, Vedic Ayurmed Private Limited, Sanskar Info Tv Private Limited, Patanjali Agro India Private Limited, Ss Vitran Healthcare Private Limited, Patanjali Paridhan Private Limited, Gangotri Ayurveda Limited, Swasth Aahar Private Limited And Patanjali Renewable Energy Private Limited.
The lead manager to the issue is SBI Capital Markets Limited, Axis Capital Limited, and ICICI Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.
Ruchi Soya Industries IPO Date
The opening and the closing date of the IPO of Ruchi Soya Industries Limited are Mar 24, 2022 and Mar 28, 2022.
Ruchi Soya Industries IPO Subscription
| Day / Date | QIB | NII | RII | EMP | Total Subscription |
| 1st Day – 24th March | 0.01x | 0.03x | 0.21x | 1.76x | 0.12x |
| 2nd Day – 25th March | 0.41x | 0.26x | 0.39x | 3.68x | 0.37x |
| 3rd Day – 28th March | 2.20x | 11.75x | 0.90x | 7.76x | 3.60x |
| Shares Offered or Net Issue | 13,981,910 | 10,486,305 | 24,468,045 | 10,000 | 48,946,260 |
The shares subscribed by the public will be updated here.
Check Ruchi Soya Industries IPO LIVE Subscription
- Ruchi Soya Industries IPO LIVE Bid details on BSE
- Ruchi Soya Industries IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Ruchi Soya Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Ruchi Soya Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 31, 2022 |
| Refunds Initiation | Apr 4, 2022 |
| Credit of Shares to Demat Account | Apr 5, 2022 |
| Share Listing Date | Apr 6, 2022 |
Ruchi Soya IPO Price Band / Cash Price
The face value of each share is Rs.2, but the price band of the IPO is Rs.615 to Rs.650
Ruchi Soya IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.4,30,000 Lakh.
Ruchi Soya IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.4300 Crore
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Ruchi Soya IPO – Live Performance
The listing date of this IPO is Apr 6, 2022 You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Ruchi Soya Industries Share Price |
Ruchi Soya IPO Grey Market Premium
The Ruchi Soya Industries Limited IPO Grey Market Premium price is Rs 60, the Kostak rate is Rs 500 and the Subject to Sauda is 800.
Ruchi Soya Industries IPO – Company Overview
They are a part of the Patanjali group, one of India’s leading FMCG and health and wellness companies. Their portfolio includes health and ayurvedic products, cosmetics, processed food, beverages and juices, and personal and home care products.
They leverage Patanjali’s expertise and technical know-how in nutraceuticals and benefit from the synergy in the research and development and the pan India distribution network.
They have been allocated zones, to undertake palm plantation, by the Government, which assists them in the backward integration of sourcing palm oil. Ruchi Soya is the largest player in terms of allocated zones. Their integration also extends downstream to the oleochemicals and other by-product and derivatives business.
They are pioneers in soya chunks which are associated with nutrition and good health. Leveraging upon the brand ‘Nutrela’, they have launched a range of premium edible oils and blended edible oils and ‘Nutrela High Protein Chakki Atta’ and ‘Nutrela Honey’ in Fiscal 2021. Further, they have expanded their packaged food portfolio by acquiring the ‘Patanjali’ product portfolio of biscuits, cookies, rusks, noodles, and breakfast cereals.
In Fiscal 2022, they forayed into a niche and a high growth FMHG segment with the launch of their Nutraceutical business.
Ruchi Soya IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 855,879.73 | 786,761.13 | 789,427.20 | 772,056.65 |
| *Total Revenue | 1,152,347.56 | 1,317,536.56 | 1,282,925.56 | 1,202,928.03 |
| Total Expense | 1,115,703.69 | 1,296,498.18 | 1,275,253.55 | 1,803,952.43 |
| Profit After Tax | 36,643.87 | 771,461.39 | 3,412.89 | (557,327.99) |
Earnings per Equity Share (in Lakh)
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 12.39 | 876.88 | 104.54 | (17,073.17) |
Ruchi Soya IPO – Promoters
The Promoters of this company are:
- ACHARYA BALKRISHNA,
- RAM BHARAT, SNEHLATA BHARAT,
- PATANJALI AYURVED LIMITED,
- PATANJALI PARIVAHAN PRIVATE LIMITED,
- DIVYA YOG MANDIR TRUST,
- PATANJALI GRAMUDYOG NAYAS,
- YOGAKSHEM SANSTHAN,
- RUCHI SOYA INDUSTRIES LIMITED BENEFICIARY TRUST,
- VEDIC BROADCASTING LIMITED,
- PATANJALI PEYA PRIVATE LIMITED,
- PATANJALI NATURAL BISCUITS PRIVATE LIMITED,
- DIVYA PACKMAF PRIVATE LIMITED,
- VEDIC AYURMED PRIVATE LIMITED,
- SANSKAR INFO TV PRIVATE LIMITED,
- PATANJALI AGRO INDIA PRIVATE LIMITED,
- SS VITRAN HEALTHCARE PRIVATE LIMITED,
- PATANJALI PARIDHAN PRIVATE LIMITED,
- GANGOTRI AYURVEDA LIMITED,
- SWASTH AAHAR PRIVATE LIMITED
- PATANJALI RENEWABLE ENERGY PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Acharya Balkrishna, Chairman and Non-Executive Non-Independent Director
- Ramdev, Non-Executive Non-Independent Director
- Ram Bharat, Managing Director
- Girish Kumar Ahuja, Independent Director
- Tejendra Mohan Bhasin, Independent Director
- Gyan Sudha Misra, Independent Director
Ruchi Soya IPO – Promoters Holding
- Pre Issue Share Holding – 98.90%
- Pos Issue Share Holding – 80.82%
Ruchi Soya IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.4,30,000 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 29,58,41,007 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Ruchi Soya Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment and/ or prepayment, in full or part, of certain borrowings availed by their Company;
2. Funding incremental working capital requirements of their Company and
3. General corporate purposes.
Ruchi Soya Industries IPO – Business Strategy
- Continue to leverage the Patanjali brand and enhance synergies
- Enhance the high margin premium food portfolio through the Nutrela brand and increase their brand awareness
- Intend to increase their market share by deeper penetration in existing markets and expanding their footprints in newer markets
- Expanding their 100% plant-based and vegetarian nutraceuticals products portfolio
- Expansion of their distribution network through diversification and supply chain optimization
- Expansion of their distribution network through diversification and supply chain optimization
Ruchi Soya Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Pan-India presence with an extensive supply and distribution network
- Fully integrated operations with strategically located manufacturing facilities.
- Strong parentage and established brands
- Experienced promoters and management team
- Diversified products with presence across mass, value, and premium segment
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 876.88 | 4,950.60 | 383.15 |
| 31-Mar-19 | 104.54 | NA | – |
| Mar-18 | -17,073.17 | NA | – |
Ruchi Soya Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS Basic (Rs.) | EPS Diluted (Rs.) |
Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Ruchi Soya Industries Limited | 2 | 1.24 | 876.88 | 876.88 | 4,950.60 | 13,17,536.56 |
| Dabur Limited | 1 | 66.07 | 8.18 | 8.15 | 21.87 | 9,00,888.00 |
| Britannia Industries Limited | 1 | 59.09 | 58.35 | 58.34 | 31.86 | 11,87,895.00 |
| Nestle India Limited | 10 | 81.93 | 215.98 | 215.98 | 103.12 | 13,49,588.00 |
| Agro Tech Foods Limited | 10 | 68.16 | 14.35 | 14.35 | 8.28 | 83,888.10 |
| Zydus Wellness Limited | 10 | 85.28 | 24.58 | 24.58 | 4.10 | 1,77,753.00 |
| Godrej Agrovet Limited | 10 | 34.56 | 15.94 | 15.94 | 16.66 | 7,01,086.00 |
| Marico Limited | 1 | 60.08 | 7.91 | 7.91 | 33.77 | 7,43,900.00 |
| ITC Limited | 1 | 17.37 | 12.47 | 12.45 | 23.45 | 53,99,136.00 |
Ruchi Soya Industries IPO Lead Managers
| Lead Managers |
| SBI Capital Markets Limited,
Axis Capital Limited, ICICI Securities Limited |
Ruchi Soya Industries IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 247 Park L.B.S Marg, Vikhroli (West) Mumbai 400 083, Maharashtra Tel: +91 22 4918 6200 E-mail: ruchisoya.fpo@linkintime.co.in Investor grievance email: ruchisoya.fpo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Ruchi Soya Industries IPO – Other Details
- Statutory Auditor – Chaturvedi & Shah LLP
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Ruchi Soya Industries IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Ruchi Soya Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Ruchi Soya Industries IPO Review FAQs
What is the Issue Size of Ruchi Soya Industries IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Ruchi Soya Industries IPO?
The price band for this particular IPO ranges between Rs. 615 to Rs. 650. As far as the face value of the share is of concern, it is Rs.2 per share.
What is the Ruchi Soya Industries IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 24, 2022, while the closing date is set at Mar 28, 2022.
What is the Ruchi Soya Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Mar 31, 2022, refund initiation is on Apr 4, 2022, credit of shares is on Apr 5, 2022, and share listing date is on Apr 6, 2022.
What is the Ruchi Soya Industries IPO Listing Date?
Shares of this company shall be listed in the exchanges Apr 6, 2022. The date, when the listing would be done, is stagnant on Apr 6, 2022.
Who is the Registrar of Ruchi Soya Industries IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Ruchi Soya Industries IPO?
Here are the promoters of this IPO – ACHARYA BALKRISHNA, RAM BHARAT, SNEHLATA BHARAT, PATANJALI AYURVED LIMITED, PATANJALI PARIVAHAN PRIVATE LIMITED, DIVYA YOG MANDIR TRUST, PATANJALI GRAMUDYOG NAYAS, YOGAKSHEM SANSTHAN, RUCHI SOYA INDUSTRIES LIMITED BENEFICIARY TRUST, VEDIC BROADCASTING LIMITED, PATANJALI PEYA PRIVATE LIMITED, PATANJALI NATURAL BISCUITS PRIVATE LIMITED, DIVYA PACKMAF PRIVATE LIMITED, VEDIC AYURMED PRIVATE LIMITED, SANSKAR INFO TV PRIVATE LIMITED, PATANJALI AGRO INDIA PRIVATE LIMITED, SS VITRAN HEALTHCARE PRIVATE LIMITED, PATANJALI PARIDHAN PRIVATE LIMITED, GANGOTRI AYURVEDA LIMITED, SWASTH AAHAR PRIVATE LIMITED, AND PATANJALI RENEWABLE ENERGY PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Ruchi Soya Industries IPO?
They have obtained the GMP of this IPO and it is Rs.60. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Ruchi Soya Industries IPO good for Investment?
You can refer to the financial statement of the company , and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Ruchi Soya Industries Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 771,461.39, 2019 is 3,412.89, 2018 is (557,327.99). PAT from Dec 2020 is 36,643.87.
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