Ruchi Soya‘s FPO (follow-on public offering) was closed on Monday 28 March 2022. Through this FPO, the company will raise Rs 4300 crore and the issue price of this FPO has been set at Rs 650 per share.
However, many users received unsolicited SMSs promoting Ruchi Soya’s FPO (follow-on public offering). Due to this SEBI (Security and Exchange Board of India) had directed the company to give two days period to the investors to withdraw their bids.
According to the data from stock exchanges, foreign portfolio investors (FPIs) withdrew almost 97% of bids in this two-day withdrawal period.
A total of 14583 applications made in the Ruchi Soya FPO (follow-on public offering) were canceled.
FPIs had bid for almost 7.5 million shares, out of which around 7.2 million bids got canceled. However, only 2.6% of the bids (569835 bids) have been withdrawn in the retail category.
Apart from this, 1.1% (1.3 million) in the HNI (high net worth individuals) category and 4.84% (3759 bids) of the total bids in the employee’s category have been withdrawn.
No bids have been withdrawn by mutual funds. Due to this, the FPO subscription of Ruchi Soya fell from 3.6 times to 3.4 times.
Ruchi Soya share price – Financials
| 52 Week High | 1,376.70 |
| 52 Week Low | 629.15 |
| Sector PE | 33.37 |
| Face Value | 2 |
| Mkt Cap (Rs. Cr.) | 27,720 |
| Book Value Per Share | 137.32 |
| Net Profit 2021 (Rs. Cr.) | 680 |
| Debt to equity (2021) | 0.82 |
| Revenue 2021 (Rs. Cr.) | 16,318 |
| EPS (2021) | 23.02 |
| ROE (2021) | 16.75 |
| Dividend/Share (INR) (Mar 2021) | 0.00 |
| Promoters holding (Dec 2021) | 98.9% |
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This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.
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