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RUCHI SOYA INDUSTRIES LIMITED |
Our Company was incorporated as a public limited company under the companies Act, 1956, pursuant to a certificate or incorporation dated January 6, 1966, issued by the Registrar Companies, Maharashtra at Mumbai ("RoC"). Our Company commenced operations pursuant to a certificate for commencement of business dated January 14, 1986, issued by RoC. Pursuant to completion of the CIRP initiated before the National Company Law Tribunal at Mumbai in terms of the Insolvency and Bankruptcy Code, 2016, as amended and upon implementation of the Patanjali Resolution plan, our Company was acquired by its Promoters. For further details, including relating to changes in the registered office, see "History and Certain Matters" on page 259 of the Prospectus dated March 31, 2022 ("Prospectus").
Registered Office: Ruchi House, Royal Palms, Survey No.169, Aarey Milk Colony, Near Mayur Nagar, Goregean (East), Mumbai 400065, Maharashtra; Tel: +91 22 6109 0100/200. Corporate Office: Office No. 601, Part B-2, Metro Tower, 6th floor Vijay Nagar, AB Road, Indore 452010 Madhya Pradesh; Tel: +91 731 476 7009/109; Website: www.ruchisoya.com; Contact Person: Ramji Lal Gupta, Company Secretary and Compliance Officer; Tel: +91 731476 7009/109; E-mail: ruchisoyasecretarial@ruchisoya.com; Corporate Identity Number: L15140MH1986PLC038536
PROMOTERS OF OUR COMPANY: ACHARYA BALKRISHNA, RAM BHARAT, SNEHLATA BHARAT, PATANJALI AYURVED LIMITED, PATANJALI PARIVAHAN PRIVATE LIMITED, DIVYA YOG MANDIR TRUST, PATANJALI GRAMUDYOG NAYAS, YOGAKSHEM SANSTHAN, RUCHI SOYA INDUSTRIES LIMITED BENEFICIARY TRUST, VEDIC BROADCASTING LIMITED, PATANJALI PEYA PRIVATE LIMITED, PATANJALI NATURAL BISCUITS PRIVATE LIMITED, DIVYA PACKMAF PRIVATE LIMITED. VEDIC AYURMED PRIVATE LIMITED, SANSKAR INFO TV PRIVATE LIMITED, PATANJALI AGRO INDIA PRIVATE LIMITED, SS VITRAN HEALTHCARE PRIVATE LIMITED, PATANJALI PARIDHAN PRIVATE LIMITED, GANGOTRI AYURVEDA PRIVATE LIMITED, SWASTH AAHAR PRIVATE LIMITED AND PATANJALI RENEWABLE ENERGY PRIVATE LIMITED.
Our Company has filed the prospectus dated March 31, 2022 with the RoC, and the Equity shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and trading is expected to commence on April 8, 2022.
BASIS OF ALLOTMENT |
FURTHER PUBLIC OFFERING OF UP TO 6,61,53,846 EQUITY SHARES OF FACE VALUE OF Rs. 2 EACH ("EQUITY SHARES") OF RUCHI SOYA INDUSTRIES LIMITED ("OUR COMPANY" OR "THE COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 650.00 PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF Rs. 648.00 PER EQUITY SHARE) (THE "ISSUE PRICE") AGGREGATING UP TO Rs. 4,30,000 LAKHS (THE "ISSUE"). THE ISSUE INCLUDES A RESERVATION OF UP TO 10,000 EQUITY SHARES AGGREGATING UP TO Rs. 65.00 LAKHS, FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED HEREINAFTER) (THE "EMPLOYEE RESERVATION PORTION"). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET ISSUE", AGGREGATING UP TO 6,61,43,846 EQUITY SHARES. THE ISSUE AND THE NET ISSUE SHALL CONSTITUTE 18.27% AND 18.27% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY, RESPECTIVELY.
ISSUE PRICE: Rs. 650 PER EQUITY SHARE OF FACE VALUE OF Rs. 2 EACH |
THE ISSUE PRICE IS 325 TIMES OF THE FACE VALUE OF THE EQUITY SHARES |
Risks to Investor:
• Our Company was incorporated in the year 1986 and went into insolvency from insolvency commencement date December 15, 2017, and subsequently was acquired by our current Promoters pursuant to culmination of Corporate Insolvency Resolution Process and implementation of the Patanjali Resolution Plan on the Implementation Date, being December 18, 2019.
• As of December 31, 2021, our Promoters hold 98.90% shareholding in the Company and remaining 1.10% Equity Shares form part of the public shareholding in the Company. Thus, the free-float of our Company was restricted to 1.10%. Further, the Equity Shares of our Company relisted on BSE and NSE in accordance with the Patanjali Resolution Plan on January 27, 2020 at share price of Rs. 16.10 and Rs. 16.20 respectively. The price of the Equity Shares of our Company increased over next few months to touch high of Rs. 1,535.00 on June 29, 2020 on BSE and a high of Rs. 1,519.65 on NSE on June 26,2020. A jump of 9,534% on BSE and 9,180% on NSE. Accordingly, the Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue.
• Our Company is required to increase its public shareholding from 1.10% (as on December 31, 2021) so that it can achieve the minimum public shareholding in compliance with the requirements of Rule 19A of SCRR. Our Company cannot assure that it will be able to achieve the minimum public shareholding requirements under Rule 19A of SCRR after completion of the Issue and any failure to comply with the minimum public shareholding requirements may result in certain adverse consequences.
• The three BRLMs associated with the Issue have handled 66 public issues in the past three years, out of which 23 issues closed below the issue price on the listing date as on the date of the Prospectus.
• The Price/Earnings ratio based on diluted EPS for Fiscal 2021 for our Company is 34.70 as compared to the average industry peer group Price/ Earnings ratio of 51.81.
• Weighted Average Return on Net Worth for Fiscals 2021, 2020 and 2019 is 2,027.40%.
• Average cost of acquisition of Equity Shares for the Promoters ranges from Rs 7.00* per Equity Share to Rs 1,228.02* per Equity Share and the Issue Price at upper end of the Price Band is Rs 650.00 per Equity Share.
* For further details, see "Summary of the Issue Document" beginning on page 22 of the Prospectus.
BID/ISSUE PROGRAMME |
BID/ ISSUE OPENED ON: THURSDAY, MARCH 24, 2022 |
BID/ ISSUE CLOSED ON: MONDAY, MARCH 28, 2022* |
*Pursuant to the letter received from SEBI bearing reference number SEBI/HO/CFD/DIL2/P/OW/2022/12862/1 dated March 28, 2022, all Bidders (except Anchor Investors) were given an option to withdraw their Bids. The window for withdrawal of Bids was available from Monday, March 28, 2022 to Wednesday, March 30, 2022.
This Issue was made through the BOOK Building Process in accordance with Regulation 129 (1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), provided that our Company, in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the reminder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Rlls and Nlls will not be eligible for subscription to the unsubscribe QIB portion, if any. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. Furthermore, up to 10,000 Equity Shares will be available for allocation to Eligible Employees, subject to valid Bids being received from them at or above the Issue Price from the Employee Reservation Portion. All Bidders (other than Anchor Investors) shall mandatorily participate m this Issue through the Application Supported by Block Amount ("ASBA") process and shall provide details of their respective bank account (including UPI ID for Retail Individual Investors using UPI Mechanism) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Banks, as the case may be. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, See Issue Procedure" on page 505 of the Prospectus.
The Issue received 441,696 applications for 180,861,555 Equity Shares resulting in 2,7340 times subscription as disclosed in Prospectus. The details of the applications received in the Issue from Retail Individual Investors, Non-Institutional Investors, Eligible Employees and QIBs areas under (before technical rejections):
SI. No | Category | No. of Applications Applied | No. of Equity Shares Applied | Shares Reserved as per Prospectus | No. of times Subscribed | Amount (RS) |
A | Retail Individual Bidders | 439,659 | 16,414,629 | 23,150,347 | 0.71 | 10,671,132,927.00 |
B | Non-Institutional Betters | 1,449 | 119,445,018 | 9,921,577 | 12.04 | 77,639,264,241.00 |
C | Eligible Employees | 512 | 22,008 | 10,000 | 2.20 | 14,195,097.00 |
D | Qualified Institutional Bidders (excluding Anchor Investors) | 30 | 25,021,059 | 13,228,769 | 1.89 | 16,235,233,560.00 |
E | Anchor Investors | 46 | 19,958,841 | 19,643,153 | 1.01 | 12,973,246,650.00 |
Total | 441,696 | 180,861,555 | 66,153,846 | 2.73 | 117,533,072,475.00 |
Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing Date at different Bid prices is as under:
SI. No | Bid Price | No, of Equity Shares | % to Total | Cumulative Total | Cumulative % of Total |
1 | 615 | 1,208,802 | 0.72 | 1,208,802 | 0.72 |
2 | 616 | 19,656 | 0.01 | 1,228,458 | 0.73 |
3 | 617 | 7,434 | 0 | 1,235,892 | 0.73 |
4 | 618 | 6,195 | 0 | 1,242,087 | 0.74 |
5 | 619 | 4,032 | 0 | 1,246,119 | 0.74 |
6 | 620 | 74,970 | 0.04 | 1,321,089 | 0.79 |
7 | 621 | 8,463 | 0.01 | 1,329,552 | 0.79 |
8 | 622 | 2142 | 0 | 1,331,694 | 0.79 |
9 | 623 | 1,281 | 0 | 1,332,975 | 0.79 |
10 | 624 | 1,176 | 0 | 1,334,151 | 0.79 |
11 | 625 | 52,227 | 0.03 | 1,386,378 | 0.82 |
12 | 626 | 1,092 | 0 | 1,387,470 | 0.82 |
13 | 627 | 1,386 | 0 | 1,388,856 | 0.83 |
14 | 628 | 1,491 | 0 | 1,390,347 | 0.83 |
15 | 629 | 756 | 0 | 1,391,103 | 0.83 |
16 | 630 | 82,425 | 0.05 | 1,473,528 | 0.88 |
17 | 631 | 2,205 | 0 | 1,475,733 | 0.88 |
18 | 632 | 5,229 | 0 | 1,480,962 | 0.88 |
19 | 633 | 2,919 | 0 | 1,483,881 | 0.88 |
20 | 634 | 3,948 | 0 | 1,487,829 | 0.88 |
21 | 635 | 32,697 | 0.02 | 1,520,526 | 0.9 |
22 | 636 | 2,037 | 0 | 1,522,563 | 0.91 |
23 | 637 | 1,449 | 0 | 1,524,012 | 0.91 |
24 | 638 | 1,533 | 0 | 1,525,545 | 0.91 |
25 | 639 | 1,659 | 0 | 1,527,204 | 0.91 |
26 | 640 | 45,423 | 0.03 | 1,572,627 | 0.93 |
27 | 641 | 840 | 0 | 1,573,467 | 0.94 |
28 | 642 | 1,344 | 0 | 1,574,811 | 0.94 |
29 | 643 | 1,071 | 0 | 1,575,882 | 0.94 |
30 | 644 | 567 | 0 | 1,576,449 | 0.94 |
31 | 645 | 21,441 | 0.01 | 1,597,890 | 0.95 |
32 | 646 | 693 | 0 | 1,598,583 | 0.95 |
33 | 647 | 2,016 | 0 | 1,600,599 | 0.95 |
34 | 646 | 10,185 | 0.01 | 1,610,784 | 0.96 |
35 | 649 | 15,645 | 0.01 | 1,626,429 | 0.97 |
36 | 650 | 149,016,315 | 88.56 | 150,642,744 | 89.55 |
37 | Cut-Off | 17,587,101 | 10.45 | 168,229,845 | 100.00 |
TOTAL | 168,229,845 | 100.00 |
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on April 5, 2022.
A. Allotment to Retail Individual Investors (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 650 per Equity, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.6659 times, The total number of Equity Shares Allotted in Retail Individual Bidders category is 15,415,260 Equity Shares to 410,444 successful applicants. The category-wise details of the Basis of Allotment are as under:
Category | No, of Applications Received | % of Total | Total No, of Equity Shares Applied | % to Total | No. of Equity Shares Allotted per Bidder | Ratio | Total No, of Equity Shares Allotted |
21 | 338,626 | 82.5 | 7,111,146 | 46.13 | 21 | 1:01 | 7,111,146 |
42 | 30,111 | 7.34 | 1,264,662 | 8.2 | 42 | 1:01 | 1,264,662 |
63 | 9,674 | 2.36 | 609,462 | 3.95 | 63 | 1:01 | 609,462 |
84 | 4,728 | 1.15 | 397,152 | 2.58 | 84 | 1:01 | 397,152 |
105 | 5,236 | 1.28 | 549,780 | 3.57 | 105 | 1:01 | 549,780 |
126 | 1,283 | 0.31 | 161,658 | 1.05 | 126 | 1:01 | 161,658 |
147 | 2,500 | 0.61 | 367,500 | 2.38 | 147 | 1:01 | 367,500 |
168 | 1,216 | 0.3 | 204,288 | 1.33 | 168 | 1:01 | 204,288 |
189 | 471 | 0.11 | 89,019 | 0.58 | 189 | 1:01 | 89,019 |
210 | 1,994 | 0.49 | 418,740 | 2.72 | 210 | 1:01 | 418,740 |
231 | 513 | 0.12 | 118,503 | 0.77 | 231 | 1:01 | 118,503 |
252 | 316 | 0.08 | 79,632 | 0.52 | 252 | 1:01 | 79,632 |
273 | 306 | 0.07 | 83,538 | 0.54 | 273 | 1:01 | 83,538 |
294 | 13470 | 3.28 | 3,960,180 | 25.69 | 294 | 1:01 | 3,960,180 |
TOTAL | 410,444 | 100 | 15,415,260 | 100 | 15,415,260 |
The under subscription of 7,735,087 Equity Shares in the RIB category has been spilled over to QIB and Nil categories in the ratio of 50:15. i.e. 5,950,066 Equity Shares to QIB and 1,785,021 Equity Shares to Nil Category.
B. Allotment to Non Institutional Bidders (After Technical Rejections)
The Basis of Allotment 10 the Non-Institutional Investors, who have bid at the issue Price of Rs. 650 per Equity Share or above, was finalized in consultation with Designated Stock Exchange being BSE. This category has been subscribed to the extent of 10.17 limes. The total number of Equity Shares allotted in this category is 11,707,287 Equity Shares (including spilled over portion from Retail and Eligible Employee categories) to 1,399 successful applicants.
The category-wise details of the Basis of Allotment are as under: (Sample)
Category | No. of Applications Received | % of Total | Total No, of Equity Shares Applied | % to Total | No. of Equity Shares Allotted per Bidder | Ratio | Total No. of Equity Shares Allotted |
315 | 186 | 13.30 | 58,590 | 0.05 | 31 | 1:1 | 5,766 |
336 | 13 | 0.93 | 4,368 | 0.00 | 33 | 1:1 | 429 |
357 | 12 | 0.86 | 4,284 | 0.00 | 35 | 1:1 | 420 |
378 | 12 | 0.86 | 4,536 | 0.00 | 37 | 1:1 | 444 |
399 | 11 | 0.79 | 4,389 | 0.00 | 39 | 1:1 | 429 |
420 | 48 | 3.43 | 20,160 | 0.02 | 41 | 1:1 | 1,968 |
441 | 24 | 1.72 | 10,584 | 0.01 | 43 | 1:1 | 1,032 |
462 | 15 | 1.07 | 6,930 | 0.01 | 45 | 1:1 | 675 |
504 | 13 | 0.93 | 6,552 | 0.01 | 50 | 1:1 | 650 |
525 | 15 | 1.07 | 7,875 | 0.01 | 52 | 1:1 | 780 |
609 | 11 | 0.79 | 6,699 | 0.01 | 60 | 1:1 | 660 |
630 | 26 | 1.86 | 16,380 | 0.01 | 62 | 1:1 | 1,612 |
756 | 32 | 2.29 | 24,192 | 0.02 | 74 | 1:1 | 2,368 |
777 | 16 | 1.14 | 12,432 | 0.01 | 76 | 1:1 | 1,216 |
840 | 33 | 2.36 | 27,720 | 0.02 | 83 | 1:1 | 2,739 |
1,008 | 11 | 0.79 | 11,088 | 0.01 | 99 | 1:1 | 1,089 |
1,050 | 34 | 2.43 | 35,700 | 0.03 | 103 | 1:1 | 3,502 |
1,470 | 12 | 0.86 | 17,640 | 0.01 | 145 | 1:1 | 1,740 |
1,533 | 30 | 2.14 | 45,990 | 0.04 | 151 | 1:1 | 4,530 |
1,554 | 10 | 0.71 | 15,540 | 0.01 | 153 | 1:1 | 1,530 |
1,575 | 12 | 0.86 | 18,900 | 0.02 | 155 | 1:1 | 1,860 |
2,100 | 31 | 2.22 | 65,100 | 0.05 | 206 | 1:1 | 6,386 |
2,310 | 13 | 0.93 | 30,030 | 0.03 | 227 | 1:1 | 2,951 |
3,066 | 12 | 0.86 | 36,792 | 0.03 | 301 | 1:1 | 3,612 |
3,150 | 21 | 1.50 | 66,150 | 0.06 | 310 | 1:1 | 6,510 |
3,843 | 14 | 1.00 | 53,802 | 0.05 | 378 | 1:1 | 5,292 |
4,200 | 11 | 0.79 | 46,200 | 0.04 | 413 | 1:1 | 4,543 |
7,686 | 25 | 1.79 | 192,150 | 0.16 | 756 | 1:1 | 18,900 |
15,372 | 37 | 2.64 | 568,764 | 0.48 | 1,511 | 1:1 | 55,907 |
30,765 | 18 | 1.29 | 553,770 | 0.47 | 3,025 | 1:1 | 54,450 |
76,923 | 31 | 2.22 | 2,384,613 | 2.00 | 7,563 | 1:1 | 234,453 |
153,846 | 11 | 0.79 | 1,692,306 | 1.42 | 15,127 | 1:1 | 166,397 |
384,762 | 11 | 0.79 | 4,232,382 | 3.55 | 37,831 | 1:1 | 416,141 |
5,23,068 | 10 | 0.71 | 5,230,680 | 4.39 | 51,429 | 1:1 | 514,290 |
5,384,610 | 6 | 0.57 | 43,076,880 | 36.18 | 529,426 | 1:1 | 4,235,408 |
5,861,520 | 1 | 0.07 | 5,861,520 | 4.92 | 576,318 | 1:1 | 5,76,318 |
Includes under subscribed portion of 1,785,710 Equity Shares spilled over from Retail end Eligible Employee Categories.
C. Allotment to Eligible Employees (after Technical Rejections)
The Basis of Allotment to the Eligible Employees, who have bid at the Cut-Off price or at the Issue Price of Rs. 650 per Equity Share, was finalized in consultation with Designated Stock Exchange, being BSE. This category has been subscribed to the extent of 0.70 times. The total number of Equity Shares allotted in this category is 7014 Equity Shares to 134 successful applicants. The category-wise details of the Basis of allotment are as under:
Category | No. of Applications Received | % of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares Allotted per Bidder | Ratio | Total No, of Equity Shares Allotted |
21 | 83 | 61.94 | 1,743 | 24 85 | 21 | 1:1 | 1,743 |
42 | 24 | 17.91 | 1,008 | 14.37 | 42 | 1:1 | 1,008 |
63 | 7 | 5.22 | 441 | 629 | 63 | 1:1 | 441 |
84 | 4 | 2.99 | 336 | 4.79 | 84 | 1:1 | 336 |
105 | 5 | 3.73 | 525 | 7.49 | 105 | 1:1 | 525 |
126 | 1 | 0.75 | 126 | 1.80 | 126 | 1:1 | 126 |
147 | 2 | 1.49 | 294 | 4.19 | 147 | 1:1 | 294 |
168 | 1 | 0.75 | 168 | 2.40 | 168 | 1:1 | 168 |
210 | 1 | 0.75 | 210 | 2.99 | 210 | 1:1 | 210 |
231 | 1 | 0.75 | 231 | 3.29 | 231 | 1:1 | 231 |
294 | 4 | 2.99 | 1,176 | 16.77 | 294 | 1:1 | 1,176 |
756 | 1 | 0.75 | 756 | 10.78 | 756 | 1:1 | 756 |
TOTAL | 134 | 100.00 | 7,014 | 100.00 | 7,014 |
The under subscription of 2,986 Equity Shares in the Employee reservation category has been spilled over to QIB and Nil categories in the ratio of 50:15 i.e., 2,296 Equity Shares to QIB and 690 Equity Shares to Nil Categories.
D. Allotment to QIBs (After Technical Rejections): (Excluding Anchor Investors)
Allotment to QIBs, who have bid at the Issue Price of Rs. 650 per Equity Share or above, has been done on a proportionate basis in consultation with Designated Stock Exchange, being BSE This category has been subscribed to the extent of 1.26 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. 959,058 Equity Shares (including spilled over portion from Retail and Eligible Employee categories) and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares (including spilled over portion from Retail and Eligible Employee categories) i.e. 18,222,074 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the QIB category is 19,181,132 Equity Shares (including spilled over portion from Retail and Eligible Employee categories), which were allotted to 29 successful Applicants.
CATEGORY | FIs/BANKS | MFs | ICs | NBFCs | AIF | FPIs | OTHERS | TOTAL |
ALLOTMENT | 1,049,053 | 2,679,300 | 1,700,169 | 10,982,797 | 906,926 | 1,259,981 | 602,906 | 19,181,132 |
Includes under subscribed portion of 5,952,363 Equity Shares spilled over from Retail and Eligible Employee categories.
E. Allotment to Anchor Investors
The Company in consultation with the BRLMs, have allocated 19,843,153 Equity Shares to 25 Anchor Investors (through 46 Anchor Application) at the Anchor Investor Issue Price of Rs 650 per Equity Share in accordance with the SEBI Regulations.
CATEGORY | MF'S | ICs | NBFCs | AIF | FPIs | OTHERS | TOTAL |
ALLOTMENT | 4,191,789 | 2,384,361 | 2,999,661 | 1,922,886 | 7,575,352 | 769,104 | 19,843,153 |
The Issue Committee of the Board of our Directors of our Company at its meeting held on April 5, 2022 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and Transfer to the Public Issue Account on April 5, 2022 and the payments lo non-syndicate brokers have been issued on April 5, 2022. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allotters have been uploaded on April 6, 2022 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from BSE and NSE and trading is expected to commence on or about April 8, 2022.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus
INVESTORS PLEASE NOTE |
These details of the Allotment made shall be hosted on the website of Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in.
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant. Serial number of the ASBA form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Link Intime India Private Limited |
C-101, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai 400 083, Maharashtra. Tel: +91 22 4918 6200; E-mail: ruchisoya.fpo@linkintime.co.in |
Investor grievance email: ruchisoya.fpo@linkintime.co.in; Website: www.linkintime.co.in; Contact Person: Shanti Gopalkrishnan |
SEBI Registration No.: INR000004058 |
For RUCHI SOYA INDUSTRIES LIMITED | |
On behalf of the Board of Directors | |
Place: Mumbai | Sd/- |
Date: April 7, 2022 | Company Secretary & Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF RUCHI SOYA INDUSTRIES LIMITED.
RUCHI SOYA INDUSTRIES LIMITED has filed the Prospectus with the RoC and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers. SBI Capital Markets Limited, Axis Capital Limited and ICICI Securities Limited at www.sbicaps.com, www.axiscapital.co in and www.icicisecurities.com, respectively, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com, respectively. Any potential investor should note that investment in equity shares invokes a high degree of risk and for details relating to such risks, see "Risk Factors" on page 33 of the Prospectus Potential investors should not rely on the DRHP for any investment decision.
This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from such registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the company and management, as well as financial statements. However, no offering or sale of securities in the United States is contemplated.
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The IPO allocation is based on the subscription level and the investor category.
Refer to IPO allotment rules and methods for more details.
See the basis of allotment document above to know how the shares are allocated in Ruchi Soya FPO .
The Ruchi Soya FPO basis of allotment (published above) tells you how shares are allocated to you in Ruchi Soya FPO and category wise demand of IPO share.
Visit the Ruchi Soya FPO allotment status page to check the number of shares allocated to your application.
In Ruchi Soya FPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.
For more information, please refer to IPO Allotment Process and Basis of Allotment.
Check the Ruchi Soya FPO basis of allotment document to know how the shares are allocated in Ruchi Soya FPO.
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