- Patanjali’s IPO may be decided by the end of the year
- Baba Ramdev said that there is no plan to bring IPO this year
- Patanjali’s turnover in 2021 was over Rs 30,000 crore
- In this, the contribution of Ruchi Soya’s sales was Rs 16,318 crore.
Baba Ramdev has made a big disclosure about Patanjali’s IPO. He says that the company’s IPO will not come this year, but a decision can be taken in this regard by the end of this financial year. He also said that nowadays he is meeting various institutional investors in connection with the follow-on public offer (FPO) of Ruchi Soya.
Baba Ramdev said in an interview with ETMarkets.com that we will take a decision soon regarding Patanjali’s IPO. Will have to wait a bit for this. He said investors are showing good interest in the issue of Ruchi Soya. Its price will be decided keeping in mind the interests of all existing and potential shareholders. His plan is to turn the company into a large FFCG company.
Another achievement of Maruti Suzuki, sales cross 50 lakhs in rural markets
Patanjali’s turnover in FY 2021 was over Rs 30,000 crore. Of this, the contribution of Ruchi Soya’s sales was Rs 16,318 crore. Baba Ramdev-led Patanjali had bought the bankrupt company, known for its Nutrila soya chunk, for Rs 4,350 crore in July 2019. The acquisition process was completed in 2019. On 27 January 2020, the company’s stock was again listed on the stock exchanges at a price of Rs 17. On Tuesday, it closed at Rs 1,177.80.
Vande Bharat Express started again from today to go to Vaishno Devi, will be able to travel again in the fastest train Gatimaan Express
The promoter stake in Ruchi Soya is 98.9 per cent and it has to reduce it to 75 per cent by December 2022. Baba Ramdev said that he aims to make the company debt free within two years. The company says that out of the amount received from the FPO, Rs 2,663 crore will be spent on debt servicing and Rs 593.4 crore on working capital. The rest of the amount will be used for general corporate purposes.