Ruchi Soya Industries Ltd IPO

Closed DRHP

Subscription Details

  • Open Date 24 Mar
  • Close Date 28 Mar
  • Lot Size 21
  • IPO Size ₹ 4,300 Cr
  • IPO Price Range ₹ 615 to ₹650
  • Min Investment ₹ 12915
  • Listing Exchange NSE, BSE

Ruchi Soya Industries Ltd IPO Timeline

Open Date
24 Mar
Close Date
30 Mar
Basis of Allotment
05 Apr
Refunds
06 Apr
Credit to Demat Account
07 Apr
Listing Date
08 Apr

IPO Synopsis

Ruchi Soya, one of the largest FMCG companies in the Indian edible oil sector got SEBI’s approval for an FPO (Follow-on Public offer) worth Rs.4,300 crore. The Patanjali group has 99% stake in this company. The book running lead managers are Axis Capital, SBI Capital Markets and ICICI Securities. 


Objectives of the FPO
1.    Rs. 2,66,382.52 lakhs form the proceeds will be used for the repayment and prepayment of debt availed by the company 
2.    Rs. 59,342.48 lakhs is to be used to fund working capital requirements of the company
 

Ruchi Soya Industries Ltd IPO Subscription Status

  QIB NII Retail Employee TOTAL
Day 1 0.01x 1.03x 0.21x 1.76 0.12x
Day 2 0.41x 0.26x 0.39x 3.68 0.21x
Day 3 2.20x 11.75x 0.90x 7.76 3.60x

About Ruchi Soya Industries Ltd

They are also one of the largest fully integrated edible oil refining companies in the country. They are the pioneers and largest manufacturers of soya food and their brand- “Nutrela” has now become a household name. They are spread across the whole value chain in palm and soya segment. Using their renowned brand name Nutrela, they have also come up with a few new products in FY21, in the edible oils and blended edible oils range, Nutrela High Protein Chakki Atta and Nutrella Honey. 
Ruchi Soya is now a part of the Patanjali Group and have included the Patanjali products in their product portfolio as well, like biscuits, cookies, noodles, breakfast cereals etc.  They have also gained access to the company’s very well-developed pan-India network which consists of approximately 3,049 Patanjali distributors, 1,301 Patanjali chikitsalayas, 273 Patanjali mega stores and 126 Patanjali super distributors. As of 31 March 2020, Patanjali distributors have provided access to over 5,45,849 customer touch points.
The products of Ruchi Soya are sold through a vast network of more than 100 sales depots and 4,763 distributors. These distributors then in turn reach out to 4,57,788 outlets all over the country as well as Big Basket. Their products are sold through retailers like More Retail Pvt Ltd, Spencer’s Retail Ltd and Wal-Mart India Pvt Ltd.  
Their main business verticals are- 
•    Edible oil, its by-products and derivatives
•    Oleochemicals
•    Edible Soya Flour and Textured Soya Protein
•    Honey and Atta
•    Oil Palm Plantation
•    Biscuits, cookies and rusks
•    Noodles and breakfast cereals
•    Nutraceuticals and wellness Products
•    Renewable Energy - Wind Power

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY21 FY20 FY19
Revenue 16383.00 13175.40 12829.30
EBITDA 1020.2 7906.5 193.20
PAT 680.8 7672 76.7
Particulars (in Rs. Crores) FY21 FY20 FY19
Total Assets 9008.80 7867.60 7936.90
Share Capital 5915.29 5915.29 6529.41
Total Borrowings 3327.96 3327.96 7294.24


Key Points

  • Strengths

    1.    The company has a very strong promoter base including Swami Ramdev and the support of the Patanjali Group
    2.    Ruchi Soya is one of the few companies in the oil palm plantation, that operates across the value chain which allows it to be more cost effective
    3.    They have developed a very efficient strategy to source their raw materials and they have a strong track record of successfully managing volatility in commodity prices
    4.    The company has a strong brand recall and recognition among customers which is further supported by the increased demand for branded products over the country
    5.    They have an enviable distribution network across the country
    6.    They are the pioneers and largest manufacturers of soya food and their brand- “Nutrela” has now become a household name.
     

  • Risks

    1.    A large chunk of the revenue of the company is derived from edible oil products segment and if there is any fall in demand of the oils, especially palm and soyabean oil, it will have a material effect on the business’s operations and financials
    2.    The company depends fully on third parties for the supply of raw materials in a timely manner, the absence of which will harm the production
    3.    If the contracts entered into with the third parties for the production of biscuits, cookies and rusks are not honored, it may prove to be depreciating for the company

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

FAQs

What is the minimum lot size and investment required for the Ruchi Soya FPO?

The minimum lot size of Ruchi Soya FPO is 21 shares and minimum investment is Rs. 12,915. 

What is the price band of Ruchi Soya FPO?

Price range of Ruchi Soya FPO is ₹615 - ₹650.

When does the Ruchi Soya issue open and close?

The FPO opens on Mar 24, 2022, and closes on Mar 28, 2022.

What is the size of Ruchi Soya FPO issue?

The IPO issue consists of an FPO (Follow-on Public offer) worth Rs.4,300 crore.

Who are the promoters/key personnels of Ruchi Soya?

Ruchi Soya is individually promoted by Acharya Balkrishna, Ram Bharat and Snehlata Bharat.

Who are the book runners for Ruchi Soya FPO?

Axis Capital, SBI Capital Markets and ICICI Securities are the book running lead managers to the issue.
 

What is the allotment date of Ruchi Soya FPO?

Ruchi Soya FPO allotment date is yet to be announced.

What is the Ruchi Soya FPO listing date?

Ruchi Soya FPO listing date is yet to be announced.

What is the objective of the issue?

The proceeds from the issue will be used in the following manner:
1.    Rs. 2,66,382.52 lakhs form the proceeds will be used for the repayment and prepayment of debt availed by the company 
2.    Rs. 59,342.48 lakhs is to be used to fund working capital requirements of the company

How to apply for the Ruchi Soya FPO?

To apply for the IPO, follow the steps given below
•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app

Contact Details of Ruchi Soya Industries Ltd IPO

Contact Information

Address

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