Ruchi Soya said a meeting of the board of directors of the company is scheduled to be held on March 29, 2022, for the purposes of determining the issue price and the anchor investor issue price
Investment bankers expect most of the bids to come on Monday, the final day of the issue
On Wednesday, Ruchi Soya allotted shares worth Rs 1,290 crore to anchor investors at Rs 650 apiece
Ruchi Soya has priced its FPO in the range of Rs 615-Rs 650 per share.
Edible oil and food products major Ruchi Soya Industries, which will launch its Rs 4,300-crore follow-on public offer in the next few days, intends to reduce its edible oil imports in 5 to 7 years
The company remains confident of the medium to long-term growth prospects in edible oils, processed food, palm plantations and other businesses of the company.
FPO is being launched to meet the 25% minimum public shareholding (MPS) norm. Promoter shareholding is currently 98.9%
The edible oil firm announced that it will launch its follow-on public offer on March 24