Another 1500/1800 points likely to crash on Monday as situation only deteriorating rapidly multi corner near Europe..bravo ramdew lic there to bail out
It looks market has discount Russian Ukraine war and moving ahead But Fear looming ahead any further development Also Rate hike in fed also priced in now(at least 1 in March end) Indian market now finding new directions either side
The current float of ruchi soya share is too less only 1 %. That can b manipulated easily with few big players. That sudden jump of share price is only done by the promoters for the promoters. Now then can dump there holding of 4300 cr at much higher price than before.. Now expect the fpo price band is atleast around 800.
What makes things worse when you are going to dilute 17% of holding to mere 1% , that will create chaos after fpo.. People might get trapped badly in this counter if they think that they r getting a share of rs 1100rs for 800rs only. Remember "when something is free You are the product".
@ noorol If QIB is above 20 Times then only i will apply forget rate it will come back ...Yes this is manipulation for higher price..from mere 130 crore volume valuation of company is up by 8000 crore rs...
61.8. K.Atar| Link| Bookmark|
March 15, 2022 8:54:42 PM
IPO Guru (1000+ Posts, 700+ Likes)
Kudos to Noorul Sir for identifying the pump and dump pattern and cautioning us.
61.9. MehulStk| Link| Bookmark|
March 20, 2022 12:44:18 PM
Top Contributor (400+ Posts, 100+ Likes)
IMO. its not 650 vs current market price. Its 1% vs 17% liquidity. The stock price already fluctuating very much since the fpo was announced.. its gives me doubt that price may goes down after the closure of fpo. One should not apply blindly just because of price gap.. I haven't take my final decison whether I will apply in it or not but will surely post my final say on last day of subscription.
I suspect "for company" market players might have even reduced from the current 1% liquidity. That could be the reason current price is hovering at 900 levels.
This could be a risky bet with small premium and I think expectation need to be adjusted.
If they are targetting raising 4300 Cr for 17% stake, the price comes to 845 per share. Obviously that's not possible now, with its market share price @800 odd. But, I think they won't put much in the table for the public. The price could be around 750-780. Not sure though.
60.1. Prasen Ipo| Link| Bookmark|
March 13, 2022 10:25:28 AM
Top Contributor (300+ Posts, 100+ Likes)
I don't think they sell 4300 crore ipo at price 750-780. If price band below 650 which is attractive price
i think price should be under 600..then only it can sail through....anyone having information regarding this?
58. arunARUN| Link| Bookmark|
March 12, 2022 10:05:22 AM
IPO Guru (1900+ Posts, 1600+ Likes)
While Q3, FY 22 profit of Ruchi Soya and AWL are nearly equal but with half the sales of AWL, Ruchi's margins seems unbelievable in a commodity space. More comments once RHP comes out in public space
57. arunARUN| Link| Bookmark|
March 12, 2022 9:55:38 AM
IPO Guru (1900+ Posts, 1600+ Likes)
Too much gap between RHP filing and issue opening HNIs won't get leveraged fund as issue allotment would be in next financial year (NBFCs don't like to show such loans on annual report date)
@noorul @lokes @ksrksir@ all mentors,gurus and guides.need your support to understand who can apply for fpo and what is the price...as of now I don't have any share of ruchi soya
Every One Can Apply for Fpo..although u have share or not....
51.2. K.Atar| Link| Bookmark|
February 15, 2022 11:46:37 AM
IPO Guru (1000+ Posts, 700+ Likes)
This will be same like any other main ipo, the ipo price will be lower than cmp. Better to analyze share price movement history to look for any anomaly.
Let the price band and size of fpo declare first . Than only we can come to conclusion is it worthy or not. If anyone wants to know something about fpo just check recently listed fpo Dj media.
getting bored of all this scam scam scam talk by the intelligentsia.
1) first of all, even if you get Rs. 0, it is completely legal in any country across the world - equity shares are the lowest in the food chain when restructuring is done. be happy you got something. tons of shareholders have lost 100% of the money in floundering companies including myself. the fact many shareholders made money despite this is basically a miracle. 2) they combined the shares via reduction & consolidation, therefore no. of shares would've gone down while value would've gone up - its something like the opposite of a bonus issue (but not exactly - and not opposite of share split where FV would've also gone up)
ruchi soya did nothing particularly special to be called a scam - simply what other floundering companies have been doing all the time all these years. cons&red has been done for several companies globally and in India.
ruchisoya has more focus just bcos ppl choose to see only now. nothing else. go back to a good college and study more.
if anyone stills has a problem with what happened, ask yourself - why didn't you buy more Ruchi pickles and Ruchi products to save the company?
@ Chalak bhai Baba Ramdev do not have any share in patanjali and so in ruchi soya. He is the brand ambassador who takes strategic decision also. Acharya Balkrishna has 94% stake in Patanjali.
Lot of controversy on balkrishna ..few decade back, digvijay singh claimed balkrishna is nepali criminal who fleeing to india after doing crime in nepal . Swami shankar maharaj of ramdev guru had huge land in haridwar found missing , rajive dixit become most close near to ramdev within one year in 2010 poisoned to dead under mysterious .