Ruchi Soya Industries Ltd FPO Message Board (Page 19)

Please btaye ruchi soya ka mandate accept ka time 31 March 12pm h ya 29.3 22 aaj 12pm tak h

What is the procedure to withdraw Ruchi Soya bid?

most banks have to update the software to withdraw bids wait for some time till 12 noon today , for ruchi soya

After seeing Baba's action today gullible and feeble minds will think twice before withdrawing their bids. Baba band kar dega virodhiyo ka dhaba.

Ruchi Soya Industries Limited FPO

Date : 24 - 28 Mar,2022
Face Value : Rs 2
Price : Rs 615 - Rs 650
Market Lot : 21 Shares
App Amt : Rs 13,650
Size : Rs 4,300 Cr
Retail Quota : 35%


Crony Capitalism and Baba Ramdev

Ruchi Soya, a listed company goes into insolvency. They owed Rs. 12146 crores to PSU banks. SBI writes off 933 crores and settles its dues of Rs. 1,816 crore to 883 crores. Other banks - PNB, CBI etc write off more than half their loans

2. Having reduced the liabilities to less than half, NCLT puts it up for sale. Only two bidders remained - Patanjali and Adani Wilmar. Adanis having bid initially, withdraw, leaving only Patanjali in the race.

3. The bid of Patanjali was Rs. 4350 crores of which 3250 crores would be funded by banks led by SBI a bank that wrote off 933 crores. The security for the loans were the same Ruchi Soya stock which was written down to Zero in the Debt restructuring plan agreed by the banks.

4. Now we have a situation where the banks that wrote off massive amounts are now funding another loan to Patanjali to acquire the same company where they wrote off debts.

5. It doesn't stop here. SEBI mandates a 25% public shareholding to be listed on the stock exchanges to ensure liquidity and avoid price manipulation. NCLT played along and ordered listing even though public shareholding was just 1%. SEBI played dead and did not challenge order.

6. Price manipulation begins. There were no sellers in the market. Even the 1% was closely held. The stock zoomed from Rs.3.50 to Rs. 1053 in two years. Now, Ruchi Soya, a company that Patanjali acquired in Dec 2019 with just 1000 crore of own money is valued at Rs.31,190 Crores.

7. Ruchi Soya, now owned 99.5% by Patanjali, is now coming with a public issue diluting just 20% and raising 4300 crores. Remember, they bought 100% of the company at 4350 crores. They will also repay all the debt with investor money.

8. The bankers wrote off a few thousand crores. The initial shareholders were written off to zero. The bankers again funded the acquisition of the same company with securities of the same shares by Baba Ramdev. The small investors will again buy equity worth 4300 crores.

9. The same banks may subscribe to the shares in the QIP portion. Someday, these bankers may be investigated for using our money to enrich an individual. The depositors lost. The shareholders lost. And Baba Ramdev will own 80% of a 31000-crore company with no investment

SUCH HAPPENS ONLY IN INDIA

Excellent information.

It is not pre 2014 when SC and other democratic institutions worked independently. In the current state of country no one will dare raising their voice against Adani and Baba both. So only thing one can do is avoid being part of such fund raising.

@IPO Mitr
Check how many court judgements got changed after the they were made before 2014. From where Mr. Ambani came everyone knows how they used to evade the taxes at that time. Isn't that public News?

Baba to sebi...jukega nae saala
ruchi soya 11%%%% uppp

Kar lo dunia muthi me mitro...

Unabled to cancel bid on hdfc netbanking Ruchi soya

Some people think that they can money running with operators. Some times you may but will lose maximum number of times

CMP 930/-. Why suddenly up 13%? Whats going on?

to give a message to applicants that they should not withdraw given retail is not fully subscribed

GUYS PLS SUGGEST WHETHER ACCEPT PAYMENT REQ OR NOT EXPERTS WHAT TO DO PLS SUGGEST 🙏

In doubt then get out of the position in general

Folks nothing to worry about sebi order.

Ruchi Soya will give decent return and do wonders like awl..enjoy

AWL above 500.. Adani ki jai Baba ki jai..short seller ji ki parajay..😂

Baba fires back .@ 915 Baba ki jai ho 👍

Who was thinking of shorting Ruchi Soya till its listing?? Today 10% up. Market is not that easy baby.

Withdraw the bids window will open on 28 /03/22 29/03/22 and 30/03/2022 as per the sebi order
it is alleged that message sms was send to patanjali ayurved users to invest inthe offer

@Eagleye,
Of course, for those HNI's from NBFC funded will have to pay 2 more days. This will give little more breakeven price, good for the self funded HNI and retailers (“blessing in disguise.”), my guess.

Thanks

week hands are likely to withdraw the bids ,

Experts, please give your valuable opinion on SEBI notification on the opening of bid withdrawal window,

whether this will have any adverse impact on the listing of FPO?

and what are the risk factors in such situations? if any

Thank you in advance

When in doubt stay on sidelines. SEBI order does cause a doubt but may not have that impact on listing as persons in doubt will skip and listing day is still 8 days away

Experts please guide, how to withdraw Ruchi Soya bid?

Ruchi soya
#BaBa Ka Dhaba 😂😜

Applied 475 lots in HNI.

@c.dinesh,
all the very best.

Thanks

क्या इसका मतलब यह भी है कि जिन्होंने सिर्फ १ lot के लिए apply किया था, वो अब और भी lots के लिए (दुबारा) apply कर सकेंगे? या यह सिर्फ application withdrawal का order है, sebi से canvassing बन्द कराने के लिए? झलकने में तो circulated sms कच्हेरि में गैर कानूनी शायद नहीं कहलायेगा।

Ruchi Soya Industries Limited FPO revised schedule after sebi ordered.

Bid cancelation : 28 to 30-Mar-2022

Basis of Allotment : 5-Apr-2022
Initiation of Refunds: 6-Apr-2022
Credit of Shares : 7-Apr-2022
IPO Listing Date : 8-Apr-2022

so, now ... HNI will get refund on 6th April … instead of the original schedule of 4th April … so will they have to pay extra interest for 2 days ???

Angry baba likely to press for transfer of newly elected sebi chief after fresh devlopment it seems...

It seems🤣🤣