Ruchi Soya FPO
Ruchi Soya FPO opens Thursday 24 March 2022 Everything you need to know.
Ruchi Soya plans to launch an FPO (follow-on public offer) worth Rs. 4300 cr. This public offer will be launched on March 24, 2022 and closed on March 28, 2022 for the price of Rs. 2 for each share of equity. In addition, the Ruchi Soya FPO price range is probably in the Rs range. 615 to Rs. 650.
About The Ruchi Soya Company
The company is a diverse company focused on FMCG and FMHG with strategically located manufacturing plants and recognized markets with a presence throughout India. Ruchi Soya Industries Ltd is one of the largest FMCG companies in the Indian edible oil sector and one of the largest fully integrated edible oil refining companies in India. Being the pioneers and largest manufacturers of soya foods has aided its brand ‘Nutrela’ in becoming a household and generic name in India.
Ruchi Soya FPO Details
Here are the details of Ruchi Soya IPO lot size:
Minimum lot size: 1 which would be 21 shares (Rs. 13,650)
Maximum lot size: 14 which would be 294 shares (Rs. 191,100)
Ruchi Soya FPO Objectives
1.Repayment and/ or prepayment, in full or part, of certain borrowings availed by Company.
2. Funding incremental working capital requirements for Company.
3. General corporate purposes.
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