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Ruchi Soya FPO Day 2: Offer subscribed 37%, retail portion booked 39%

Ruchi Soya FPO | Patanjali-backed FMCG company is looking to raise Rs 4,300 crore through the offer and has already mopped up Rs 1,290 crore through its anchor book

March 25, 2022 / 05:05 PM IST
 
 
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The follow-on public offer (FPO) of Patanjali Ayurve-backed Ruchi Soya Industries had received bids for 1.8 crore equity shares against an offer size of 4.89 crore shares, a 37 percent subscription on March 25, the second day of bidding.

Retail investors have put in bids for 39 percent shares of their reserved portion, while the allotted quota of employees was subscribed 3.68 times.

Qualified institutional buyers and non-institutional investors also started submitting their bids, as the portions set aside for them were subscribed 41 percent and 26 percent respectively.

Yoga guru Ramdev-backed FMCG company is looking to garner Rs 4,300 crore through the FPO, of which Rs 1,290 crore has been raised through the anchor book.