Ruchi Soya entered the capital markets with its Follow-on Public Offer (FPO) on 24 March 4,300 crore as it aims to become a debt free company. The price band for the issue that closed on March 28 was fixed. 615-650 per share.
Owned by Patanjali Ayurved Ruchi Soya on Thursday said it has fixed the issue price of its FPO at the upper limit of its price band 650 per equity share.
The finalization of allotment of Ruchi Soya FPO has been announced and the bidders can check the status of their application on the BSE website. Here Also the website of registrar link intime Here, Initiation of refund (if any, for anchor investors)/unblocking will be done on or around Wednesday, April 6, 2022.
Credit of equity shares in the depository accounts of the allottees to be done on Thursday, April 7, 2022, while the commencement of trading of equity shares on stock exchanges is expected to take place on Friday, April 8, 2022, the company had announced in a statement. Exchange filing.
the company had already raised Rs 1,290 crore by issuing around 1.98 crore shares to anchor investors last week. Meanwhile, around 97 lakh bids were withdrawn by FPO investors after market watcher Sebi directed Ruchi Soya to give investors an option to withdraw their bids, as reported by PTI.
In a rare move, SEBI on March 28 had asked the bankers of Ruchi Soya to give investors in its FPOs an option to withdraw their bids, while also warning them about ‘spread of unsolicited SMS’ regarding share sale. was given.
Ruchi Soya came out with FPO to meet SEBI’s minimum 25% public shareholding norm in a listed entity. The company said that it will use the proceeds of the entire issue for furtherance of its business by repayment of certain outstanding loans, its increasing working capital requirements and meeting other general corporate objectives.
download
The app will get 14 days of unlimited access to Mint Premium absolutely free!