Ruchi Soya Industries Ltd FPO Message Board (Page 25)

Big Breaking
Hariom Pipe Industries Limited IPO

Date : 29-Mar to 31-Mar-2022
FV : Rs 10
Price : Rs 144 - Rs 153
Market Lot : 98 Shares
App Amt : Rs 14,994
Size : Rs 130 Cr
Retail : 35%
Retail Form : 30,357
QIB : 30%
NII : 35%
Listing At : BSE, NSE

Registrar : BigShare
Allotment : 06-Apr-2022
Listing : 07-Apr-2022

Financial is very strong so it will be highly subscribe.

Sonal Ji Thanks for this update.

Uma export and Hariom pipe both will be highly subscribe and tough allotment .
I will apply both with FF

Those who miss this IPO, will repent. Another Adani wilmar type listing. Sure shot double in a years time. I intend applying maximum. Anticipate 15% gain on listing. 30% witin 3 months, 50% in six months. It's my opinion. Decide for yourself. Suno sabki, karo man ki.

Suno sabki Karo manki is right.
However what is the basis for so high price targets?

Mr. Lokes sir and other experts,
Shall I apply for this ipo or not. Or shall I wait 1 or 2 days? Then decide. Please advise me. Many in this group telling price is high blah blah blah. If I need to apply I can apply only 1 lot.

Okay I am not applying

Good decision

Is it Offer for Sale or Fresh issue?

As this is FPO so it's a fresh issue, all money for the issue will go to the Ruchi Soya Company.

@ lokes, mravi, norul and ipobull ur verdict on Ruchi Soya fpo...

Applied couple of lot in 3 accounts.

For rest 5 account decision on Monday post 2 pm

I wasn't pleased with this so called fpo from very beginning.. and now this subscription figures itself telling a whole story.
It might give 5% to 10% return in short term... on worst case fpo player might get stuck in lower circuits.. anyways whatever will b the case, one thing is sure Baba will surely have last laugh.

ONE MORE CORPORATE GAME WITH THE BANKING INDUSTRY IN INDIA
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.
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 was 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 the 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. Baba Ramdev will own 80% of a 31000-crore company with no investment.

Please Stop This Fake Copy-paste .

Your story has Major Flaw- RUCHI is restructured as Umbrella company with Patanjali. This comapny is profit making company with annual profit of 1500 cr and 17000cr Revenue.

Don't portray this as some scam which is not. Price from 3.5 to 1000 happens due to this merger to have the correct market valuation. Right now only 1.1% is Floating share , after FPO 25 % will be floating.

Forwarded as received

Sorry guys if anyone is offended by this story.
I thought this story was true so before applying everyone should know about it.

Application wise subscription in retail is just 14% which means full allotment for all valid applications atleast for a lot

Poor retail response. Day 1 showed applicants with average of 3.2 lots as opposed to normal 1.3 lots
Who is putting large retail applications to skew the average. Let us see end of the day average
Very weak response for a known brand.
Don't take application risk before 2 pm on Monday. Apply in HNI only if you want hefty allotment as no leveraged play exists

Sir, where can we check the avg. Lot size? Could you please share the link.

Small request to all seniors like@Noorul@lokes@M Ravi; please clarify whether it is good to buy AWL at around 400 or Ruchi at 650/- . Your advice help many to wisely allot funds, especially small time investors like me.

Easy to take decision. Wait for listing day. See Ruchi Tel ki dhar. Most likely it may be available for 650 on that day too

Why is the subscription so low? Is everyone planning to pump in all the money last day, last hour?

Group leaders please suggest if buying 4-5 lots is beneficial in retail or HNI category at this stage

@Amit Ji,

What about the second part of the question. For 4-5 lots what catagory will be better?

you can apply 4-5 lots in retail category

After Subscription most of investor going to sell their holding in ruchi Soya then price going to declined and reached 650 then no chance to get profit on listing day due to bigger Size FPO.

Easily everyone one get allotment .

@techuser. Only traders can effectively make use of daily movement, most part of price correction will be on preopen. Also market players will play their role .

I will not apply here.

@ experts,

ruchi soya me apply kare ke nahi, price open hone tak 700 ke upar rahegi ke nahi.

Cross your heart and tell me who would want to buy from you at 700 when he himself can buy for 650 today
For 10 days interest cost does not come out to Rs 50 even if one assumes 2 time HNI subscription

The subscription figures not looks great. I think allotment is sure for every applicant.
Most likely it will sail through however subscription figure will drastically affect premium.

Student :- Sir, what is the difference between FINE and TAX ???
Sir : - *FINE* is a *TAX* for doing wrong.
And *TAX* is a *FINE* for doing right.
*Happy March End* 🤑😜

What i feel is as the current free float is just 1 percent the Share price will not fall till actual FPO allotment. But, however on the day allotment is completed.. it will show a sharp dip nearabout 650 - 675 levels as the percentage of float will increase to 20%... There will be gap down so not sure how will one short sell to hedge your profits in this scenario.

BIG BREAKING
Hariom Pipe Industries Limited file RHP with SEBI on 23-Mar-2022

Issue Date : 30-Mar to 5-Apr, 2022
Fresh : 85,00,000 Shares
Retail : 35%
FV : Rs 10

IPO Open : 30-Mar-2022
IPO Close : 5-Apr-2022
Basis of Allotment : 8-Apr-2022
Initiation of Refunds: 11-Apr-2022
Credit of Shares : 12-Apr-2022
IPO Listing Date : 13-Apr-2022

HariOm Pipe Industries Ltd

Opens : 30th March 2022
Closes : 5th April 2022

Negative points missing, but last 3 lines are indicating that, this is not for ipo analysis, but its political message by anti-bjp party,
Strict action must be taken against RkDev

Hi stock terminator, please look at financial statements for the last 3 years and also see 2020 profit after Tax... if we go deep in to financial statements , there is sudden entry 7000+ crore in 2020 and then it will disappear in 2021... see the revenue in 2020, without much change in revenue profit after tax jump 10 times in 2020?????
As some one said 2019 stack price Rs3.50 to Rs1000 without any real investment from Patanjali grp is fishy....

@SingaporeNRI
read dilip davda's review you will know the answer for huge profit in 2020

AWL rocking...lagta hai Adani Wilmar Ruchi soya ke FPO price pe jaldi hi pahunchega. Glad that i decided to hold Adani wilmar. Will hold Ruchi as well for long term.

@Amit Kumar Yadav....Yes Adani Wilmer is rocking 🚀🚀🚀@425 now target for 1 to 2 month 🚀🚀🚀@650 like Ruchi Soya... keep investing in Adani Wilmer....