MUMBAI: Ruchi Soya Industries Limited has registered an FIR in Haridwar to probe the spread of unsolicited messages regarding the company. 4,300 crore Follow-on Public Offer (FPO).
In a stock exchange filing, Ruchi Soya said that it has come to notice that “speculations” were circulating on social media about investment opportunities in FPOs, and the company’s shares were available at a discount to the market value. “We would like to bring to the notice of investors that this message has not been issued by our company or any of our directors, promoters, promoter group or group companies.”
On Monday, in a rare move, markets regulator Securities and Exchange Board of India (SEBI) asked bankers of Baba Ramdev-led Patanjali Group’s Ruchi Soya to allow investors in their existing FPOs to withdraw their bids, with Only warn them about the “spread of unwanted SMS”. About the share sale.
The development assumes significance as the share sale was subscribed 3.6 times at Monday’s close. The issue was open for subscription on March 24.
The total subscription dropped to 2.58 times on Tuesday after the withdrawal of applications. A total of 4.95 crore bids have been withdrawn. Retail quota subscription fell to 39% from the earlier 90%, with 1.23 crore bids withdrawn.
SEBI had asked bankers to issue an advertisement in newspapers on Tuesday and Wednesday, warning investors about the spread of SMS.
Meanwhile, Ruchi Soya in the filing also said, “As per the directions of SEBI, we would like to draw the attention of the investors that all the bidders (other than anchor investors) have the option to withdraw their bids from March 28, 2022 to March . 30, 2022.”
“Investors should further note that bidding in the issue has closed i.e. March 28, 2022, and accordingly no further bids will be accepted in the issue. Any bids will be rejected after the close of the bid/issue ”, it added.
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