Baba Ramdev-led Ruchi Soya Industries has subscribed 3.6 times on the last day of its follow-on public offer bidding. The company has received bids for 17.56 crore equity shares against the issue size of 4.89 crore equity shares. At the same time, shares of Ruchi Soya Industries closed at Rs 815.05, down 5.96 per cent on the Bombay Stock Exchange on Monday. The shares of the company touched a low of Rs 783.45 during trading on Monday.
50% of the issue was reserved for QIB
The retail quota of Ruchi Soya’s FPO was subscribed 88%. The retail quota was 35% of the issue size. 50% of the issue was reserved for qualified institutional buyers (QIBs). At the same time, 15 percent was for non-institutional buyers. Qualified institutional buyers’ quota was subscribed 2.2 times. At the same time, the quota of non-institutional buyers was subscribed 11.75 times.
Also read- PVR and INOX Leisure’s shares rose sharply, again the share price crossed Rs 500
The company has already raised Rs 1,290 crore through anchor book.
Total 10,000 shares were reserved for the company’s employees, out of which bids have been received for 78,708 equity shares. Ruchi Soya Industries wants to raise Rs 4,300 crore through FPO route. Ruchi Soya has already raised Rs 1,290 crore through Anchor Book. The price band for the issue of Ruchi Soya was Rs 615-650. The issue opened on March 24 and it closed on March 28. Ruchi Soya’s FPO was subscribed 12% on the first day. At the same time, it was 30% subscribed on the second day.
Also read- 73 lakhs became Rs 1 lakh in Bata shares, those who invested got more than 7000% return