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<ul><li><keyword id="53343" type="General" weightage="20" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword> is likely to announce its share allotment status today.</li><li>The company is one of the leading fast-moving consumer goods (FMCG) brands in India.</li><li>The FPO will be listed on April 8 on exchanges.</li></ul>The fast moving consumer goods (FMCG) company Ruchi Soya Industries — a subsidiary of the Patanjali Group, is likely to announce the allotment status of its follow-on public offering (FPO) today, April 5. The FPO was open for subscription from March 24 to March 28. In the three days of subscription, the follow-on public offer (FPO) was subscribed 3.6 times by investors. However, the firm got caught in a tangle with markets regulator Securities and Exchange Board of India (SEBI), wherein the regulator had allowed investors to withdraw their bids from Ruchi Soya’s FPO. Reportedly during this period, the subscription fell from 3.6 times to 3.4 times. A total of 14,583 applications made in the FPO were cancelled. The company came up with FPO to pay off huge debt and thereby cutting promoter shareholding in the company in compliance with SEBI norms. The company will use the proceeds from the FPO to repay its loans, for working capital needs and general corporate purposes. The price band of the FPO is ₹615-650 per share. Moreover, the grey market premium of the company’s shares showed a premium of ₹25 from the higher end of the price band. The company is one of the leading FMCG brands in the Indian edible oil sector and also one of the largest manufacturers of soya foods. Here is how to Ruchi Soya FPO allotment status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Ruchi Soya’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted. </li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Ruchi Soya’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/analysts-suggest-buying-hdfc-bank-shares-on-every-dip-as-merger-to-strengthen-housing-loan-portfolio/articleshow/90640153.cms">Analysts suggest buying HDFC Bank shares on every dip as merger to strengthen housing loan portfolio</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/rally-in-adani-group-companies-not-only-made-gautam-adani-indias-richest-man-but-also-made-a-fortune-for-its-investors/articleshow/90638038.cms">Rally in Adani Group companies not only made Gautam Adani India’s richest man, but also made a fortune for its investors</a>

Ruchi Soya FPO: Here’s how you can check the allotment status

<ul><li><keyword id="53343" type="General" weightage="20" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword> Industries is looking to raise ₹4,300 crore through a follow-on public offer (FPO).</li><li>A company usually goes for an FPO when listed entities need funds to grow their business or reduce debt. </li><li>Ruchi Soya, however, is doing it so it could comply with market regulator SEBI’s regulations.</li></ul>Fast moving consumer goods (FMCG) company Ruchi Soya Industries — a subsidiary of the Patanjali Group — will be tapping the stock market once again on Thursday to raise ₹4,300 crore through a follow-on public offer (FPO). What is an FPO? A follow-on public offer, or FPO, is a way of issuing funds for a stock exchange-listed company from its existing shareholders and investors. As the name suggests it follows up onto the initial public offering (IPO), where companies issue its shares to the public for the first time. A company usually goes for FPO when listed entities need funds to grow their business or reduce debt. What is the process of launching an FPO? Just like in the process of an initial public offering (IPO), a company would have to submit a red herring prospectus (RHP) to SEBI for approval. In this document, the company would have to disclose all the details of their business, revenue and other aspects. When does the issue start? Ruchi Soya’s FPO will open for subscription on March 24 and will be available for bidding till March 28, 2022. What is the price band? Ruchi Soya will offer its shares at a price band of ₹615-650 per share in the FPO. What is Ruchi Soya’s GMP? The grey market premium (GMP) — or the premium at which shares are trading in the grey market — of Ruchi Soya’s shares is <a href="https://www.topsharebrokers.com/report/live-ipo-gmp/331/?ref=chr">at ₹28</a>. Why is Ruchi Soya going for an FPO? Ruchi Soya is going for an FPO to reduce its promoters’ shareholding in the company and increase the shareholdings of the public, which are currently not in sync with the market regulator Securities and Exchange Board of India’s (SEBI) norms. Patanjali, the promoter of Ruchi Soya, owns 98.9% shareholdings in the company while public shareholders own 1.1%. However, the minimum requirement for a public shareholding in a listed company should be 25%, as per the market regulator. Post the FPO, Patanjali’s shareholding in Ruchi Soya would decrease to 81%. Public shareholdings, however, will increase to 19%. The company will use the proceeds from the FPO to repay its loans, for working capital needs and general corporate purposes. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/tech/enterprise/news/could-the-days-of-mooching-off-netflix-accounts-come-to-an-end-in-india-heres-what-experts-say/articleshow/90372447.cms">Could the days of mooching off Netflix accounts come to an end in India? Here’s what experts say</a> <a href="https://www.businessinsider.in/stock-market/news/infosys-adani-ports-iocl-hpcl-bpcl-and-other-hot-stocks-on-march-23/slidelist/90388486.cms" data-type="tilCustomLink">Infosys, Adani Ports, IOCL, HPCL, BPCL and other hot stocks on March 23</a> <a href="https://www.businessinsider.in/business/news/chumbak-to-open-more-than-50-stores-in-the-next-2-3-years/articleshow/90377751.cms">INTERVIEW: Chumbak to open more than 50 stores in the next 2-3 years</a>

Ruchi Soya’s FPO opens tomorrow — price band, GMP and more

<ul><li><keyword id="53343" type="General" weightage="20" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword> is one of the leading edible oil makers in the company.</li><li>It is backed by Baba Ramdev’s Patanjali, which owns a 98.9% stake in the oil maker.</li><li>Ruchi Soya’s shares have surged over 43% in the last one month.</li></ul>Ruchi Soya’s shares tanked during the first half of the trade today after the Baba Ramdev-backed edible oil maker announced a follow-on public offer (FPO), looking to mop up ₹4,300 crore from the market at a discount of 35%. As of 12:50 p.m., on March 21, Ruchi Soya’s shares were down by over 8%, after recovering from a big slump of 17% earlier in the day. <div type="image" title="Ruchi Soya 01_01_22 to 21_03_22." msid="90351307" hostid="261" caption="&amp;lt;p&amp;gt;Ruchi Soya share price&amp;lt;/p&amp;gt;"></div> Ruchi Soya’s shares have seen a massive bull run in the past one month, gaining over 43% in the period. Every ₹10,000 invested in the company on February 23 was worth ₹14,325 on March 15. Today’s fall could be due to two reasons – short-term traders exiting the stock after booking healthy profits, and the ₹4,300 crore FPO that is fixed at a discount of 35%. According to the company’s exchange filings, the price band for the ₹4,300 crore FPO is between ₹615-650. Even at the upper band of ₹650, it is at a discount of 35% to the closing price on Thursday, March 17. The <keyword id="10281652" type="General" weightage="20" keywordseo="ruchi-soya-fpo" source="Orion">Ruchi Soya FPO</keyword> opens on March 24 and closes on March 28. <cmsannotation type="cmsannotation" annotationid="What is an FPO?" comment="subhead" text="What is an FPO?">What is an FPO?</cmsannotation> FPO, short for follow-on public offering, is one of the ways for listed companies to raise additional capital. As the name suggests, it is a follow-on offering – any public issue of shares to investors after the initial public offering (IPO) is an FPO. There are two types of FPOs – dilutive and non-dilutive. Dilutive FPOs are those in which new equity shares are issued, and post issue, the shareholding of the existing investors gets diluted in percentage terms. Non-dilutive FPOs are those in which existing equity shares held privately are offered to the public. The Ruchi Soya FPO is dilutive. <cmsannotation type="cmsannotation" annotationid="Why is Ruchi Soya coming out with an FPO?" comment="subhead" text="Why is Ruchi Soya coming out with an FPO?">Why is Ruchi Soya coming out with an FPO?</cmsannotation> Ruchi Soya’s parent company, Patanjali, owns 98.9% of the total shares of the company, leaving only 1.1% to the public. Since Ruchi Soya is a listed company, it has to have at least 25% of the total shares held by the public, according to the norms outlined by the Securities Exchange Board of India (SEBI), the market regulator. To bring down the promoter holding, Ruchi Soya has now come out with the ₹4,300 crore FPO after receiving approval from SEBI in August last year. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/maruti-tata-hyundai-and-others-to-give-a-big-push-to-indias-electric-vehicle-with-at-least-5-billion-in-investment/articleshow/90347138.cms">Maruti, Tata, Hyundai and others to give a big push to India’s electric vehicle boom with at least $5 billion in investment in the next six years</a> <a href="https://www.businessinsider.in/stock-market/news/adani-group-ioc-bpcl-hpcl-reliance-hdfc-and-other-hot-stocks-on-march-21/slidelist/90344098.cms">Adani group, IOC, BPCL, HPCL, Reliance, HDFC and other hot stocks on March 21</a> <a href="https://www.businessinsider.in/investment/news/crypto-tax-in-india-kicks-in-from-april-heres-all-you-need-to-know/articleshow/90344479.cms">India’s cryptocurrency tax kicks in from April – here’s what investors need to know</a>

Ruchi Soya stock tanks after the Baba Ramdev-backed company announces ₹4,300 crore FPO at a 35% discount

<ul><li>Today is the last day to subscribe to <keyword id="10281652" type="General" weightage="20" keywordseo="ruchi-soya-fpo" source="Orion">Ruchi Soya FPO</keyword>, a part of the <keyword id="6356684" type="General" weightage="20" keywordseo="patanjali" source="Orion">Patanjali</keyword> Group, that is looking to raise ₹4,300 crore through the FPO.</li><li>The IPO has been subscribed 360% in the first two days of subscription process.</li><li>Shares of the company are commanding a premium of ₹30 in the grey market.</li></ul>Today, March28, is the last day to subscribe to the follow-on public offer (FPO) of fast moving consumer goods (FMCG) company <keyword id="53343" type="General" weightage="20" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword> Industries — a subsidiary of the Patanjali Group. In the first two days of the subscription process, the FPO received decent response from investors as it was oversubscribed by 360%. Ruchi Soya is going for an FPO to reduce its promoters’ shareholding in the company and increase the shareholdings of the public, which are currently not in sync with the market regulator Securities and Exchange Board of India’s (SEBI) norms. The company will use the proceeds from the FPO to repay its loans, for working capital needs and general corporate purposes. The price band of the IPO is ₹615-650 per share. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category of investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.20 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.75 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.90 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.60 times </td></tr></tbody><tbody></tbody><tbody></tbody></table>The company is one of the leading fast moving consumer goods (FMCG) brands in the Indian edible oil sector and also one of the largest manufacturers of soya foods. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/politics/india/news/two-day-bharat-bandh-essential-services-likely-to-be-affected/articleshow/90486188.cms">Two-day Bharat Bandh: Essential services likely to be affected</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/pvr-and-inox-leisure-announce-merger/articleshow/90476756.cms">PVR and INOX Leisure announce merger</a>

Last day to subscribe to Ruchi Soya FPO; GMP at ₹30 per share

<ul><li>Shares of Ruchi Soya Industries have skyrocketed 36% in the last two trading days after the company announced a follow-on public offer.</li><li>A follow-on public offer is a way of issuing funds for a stock exchange-listed company from its existing shareholders and investors.</li><li>Here is a simple read on what <keyword id="46435" type="General" weightage="20" keywordseo="fpo" source="Orion">FPO</keyword> is and how to apply for it. </li></ul>Ruchi Soya Industries, a part of the Patanjali Group, has announced on March 11, to raise ₹4,300 crore through follow-on public offer. The stock has skyrocketed 36% since then in the last two trading days. The company is one of the leading fast moving consumer goods (FMCG) brands in the Indian edible oil sector and also one of the largest manufacturers of soya foods. What is a follow-on public offer? Follow-on public offer is a way of issuing funds for a stock exchange-listed company from its existing shareholders and investors. As the name suggests it follows up onto the initial public offering (IPO), where the company issues its shares to its public for the first time. FPO is usually done when the listed company needs funds to grow their business or reduce debts. But <keyword id="10281652" type="General" weightage="20" keywordseo="ruchi-soya-fpo" source="Orion">Ruchi Soya FPO</keyword> is not usual as the company is coming up with an FPO majorly to cut down its promoter holding and raise public shareholding, which is currently not in line with market regulator’s, Securities and Exchange Board of India (SEBI), norms. According to the regulator, the minimum requirement for a public shareholding in a listed company should be 25%. Currently, Patanjali owns 98.9% in Ruchi Soya while public shareholders own 1.1%. Post the FPO, Patanjali's shareholding in the edible oil manufacturer will reduce to 81% while public shareholding will increase to 19%. Hence, the FPO will support Baba Ramdev’s Patanjali to meet the regulatory norms and cut down its shareholding. The process of issuing the FPO is similar to IPO as the company has to submit a red herring prospectus (RHP) to SEBI for its approval. The issue will open on March 24 and will be available for bidding till March 28, 2022. Ruchi Soya plans to utilise net proceeds from the FPO for repayment of certain borrowings, incremental working capital requirements, and general corporate purposes. The company is yet to announce the issue price of the FPO. Steps to apply in Ruchi Soya FPO through Zerodha <ol><li>Visit the Zerodha website and login to <a href="https://kite.zerodha.com/connect/login?api_key=console&amp;sess_id=DTCqWIhW6wqFnqopccXo6mOMMn82SKIM">Console</a>.</li><li>Go to Portfolio and click the IPOs link.</li><li>Go to the 'Ruchi Soya FPO' row and click the 'Bid' button.</li><li>Enter your UPI ID, Quantity, and Price.</li><li>‘Submit’ IPO application form.</li><li>Visit the UPI App (net banking or BHIM) to approve the mandate.</li></ol>Here are 5 simple steps to invest in an FPO via Upstox: Step 1: Log in to the Upstox application or website with your credentials. Step 2: Select the FPO that you want to invest in and create an FPO application. Step 3: Add up to 3 bids within the price range. Step 4: Confirm your application. Step 5: Accept the UPI mandate and block funds on your mobile UPI app. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/paytm-says-that-restrictions-on-payments-bank-wont-hamper-its-business/articleshow/90215959.cms">Paytm says that restrictions on Payments Bank won’t hamper its business</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/gail-is-hiring-engineers-with-a-maximum-pay-scale-of-180000-per-month-deadline-tomorrow/articleshow/90216108.cms">GAIL is hiring engineers with a maximum pay scale of ₹1,80,000 per month, deadline tomorrow</a>

Ruchi Soya FPO – All you need to know about FPOs and how to apply

Diversified FMCG company <keyword id="181951" type="General" weightage="20" keywordseo="ruchi-soya-industries" source="Orion">Ruchi Soya Industries</keyword> has raised ₹1,290 crore from anchor investors ahead of its follow-on public offering (<keyword id="46435" type="General" weightage="80" keywordseo="fpo" source="Orion">FPO</keyword>) that opens for public subscription on Thursday. A follow-on offering is the issuance of additional shares made by a company after an initial public offering (IPO). The upcoming FPO is going to be only a fresh issuance of equity shares to public investors without any offer for sale component, a statement said on Wednesday. The company informed the exchanges that the price band for its FPO has been set at ₹615 per equity share (at the lower end of the price-band) to ₹650 per equity share (at the higher end of the price-band). On Wednesday, it informed the bourses that 19,843,153 equity shares have been allocated to anchor investors at the upper-end of the price-band against the applications from various anchor investors. Societe Generale, BNP Paribas, The Sultanate of Oman - Ministry of Defence Pension Fund, Yas Takaful PJSC (an Abu Dhabi-based insurance company), MK Cohesion, UPS Group and Alchemy were among the foreign investors that received allocation under the anchor investor portion of the FPO, the statement said. Currently, <keyword id="3040166" type="General" weightage="20" keywordseo="patanjali-group" source="Orion">Patanjali Group</keyword> owns about 98.9 per cent stake in <keyword id="53343" type="General" weightage="100" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword>, while public shareholders own about 1.1 per cent stake. Post the FPO, Patanjali Group's holding in Ruchi Soya will come down to about 81 per cent, and the public shareholders would hold about 19 per cent. The entire proceeds from the follow-on issue will be used for furthering the company's business by repayment of certain outstanding loans, meeting its incremental working capital requirements and other general corporate purposes, the company had said recently while announcing the FPO. Ruchi Soya's <keyword id="705161" type="General" weightage="20" keywordseo="ruchi-gold" source="Orion">Ruchi Gold</keyword> brand is the market leader in branded palm oil and also the pioneer of soya foods in India under the brand name Nutrela. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/whatsapp-multi-device-support-starts-rolling-out-to-all-users/articleshow/90410868.cms">WhatsApp multi-device support starts rolling out to all users</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/omicron-subvariant-infections-on-rise-in-us-accounts-for-over-34-of-the-new-covid-19-infections/articleshow/90410070.cms">Omicron subvariant infections on rise in US, accounts for over 34% of the new COVID-19 infections</a>

Ruchi Soya raises ₹1,290 crore from anchor investors ahead of FPO

FMCG company Ruchi Soya, which was taken over by <keyword id="6355107" type="COMPANY" weightage="20" keywordseo="Baba-Ramdev">Baba Ramdev</keyword>'s <keyword id="6356684" type="UNKNOWN" weightage="20" keywordseo="patanjali">Patanjali</keyword> Ayurveda under the Insolvency and Bankruptcy Code (IBC), plans to go ahead with a further public offering (FPO) in a bid to raise more funds. The move would also allow the company to meet SEBI's minimum public shareholding norms. In a regulatory filing on Sunday, Ruchi Soya said that the Issue Committee, constituted by the board, on June 12 approved the raising of funds and also approved the draft red herring prospectus to be filed with the capital market regulator. "We wish to inform you that the Issue committee constituted and authorised by the Board of Directors of the Company, by way of a circular resolution dated June 12, 2021, has approved (i) raising of funds by way of further public offer of equity shares of the Company and (ii) the Draft Red Herring Prospectus dated June 12, 2021 ('DRHP') for filing with Securities and Exchange Board of India ('SEBI') and BSE Limited and National Stock Exchange of India Limited," it said. Industry sources suggested that the company has filed the draft prospectus with SEBI and may raise around Rs 4,300 crore through the FPO. The share issue would also help the company achieve the SEBI's minimum public shareholding norms. As per the data on the BSE website, as of March 31, 2021, promoters held 98.90 per cent shares in the company. At the end of the day's trade on Friday, shares of Ruchi Soya on the BSE were at Rs 1,242.35, higher by Rs 3.50, or 0.28 per cent, from its previous close. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/delhi-unlock-restaurants-to-reopen-with-50-capacity-malls-markets-to-open-daily-says-arvind-kejriwal/articleshow/83479496.cms">Delhi unlock: Restaurants to reopen with 50% capacity; malls, markets to open daily, says Arvind Kejriwal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/weekly-crypto-roundup-wazirx-under-scrutiny-el-salvador-makes-bitcoin-legal-tender-and-more/slidelist/83478577.cms">Weekly crypto roundup: WazirX under scrutiny, El Salvador makes Bitcoin legal tender and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dodla-dairys-520-crore-ipo-is-set-to-hit-the-market-on-june-16-check-out-all-details/articleshow/83433293.cms">Dodla Dairy's ₹520 crore IPO isn't to expand into new markets, but to strengthen its foothold where it already exists</a>

Baba Ramdev and Patanjali-owned Ruchi Soya wants to raise money from the market again

<ul><li><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> had said that <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword> is the fastest-growing retailer in the world.</li><li>Here’s how the retailer stacks up against its global listed peers <keyword id="80487" type="COMPANY" weightage="20" keywordseo="walmart">Walmart</keyword> (US) and <keyword id="6398216" type="ORGANIZATION" weightage="20" keywordseo="tesco">Tesco</keyword> (UK). </li><li>It has been a busy 2020 at Reliance <keyword id="6354851" type="UNKNOWN" weightage="20" keywordseo="retail">Retail</keyword> too – with JioMart taking off, NetMeds and Zivame acquisitions, and now Future Retail and Urban Ladder on the cards.</li></ul>Reliance Chairman Mukesh Ambani is building ammunition for his next burst of investments for his retail venture – Reliance Retail. With the e-commerce debut with JioMart and a spree of acquisitions ready for Reliance Retail, Ambani is not just living up to his claim of being India’s largest retailer but also has global ambitions. During the company’s annual general meeting in July, Ambani had said that Reliance Retail is the fastest-growing retailer in the world, and the only Indian retailer to feature in the Top 100 global retailers. The behemoth, Reliance Industries' retail vertical is headed for an initial public offering (IPO) soon. Here’s how Reliance Retail stacks up against its global listed peers Walmart (US) and Tesco (UK). <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Walmart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tesco </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail sq ft </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.7 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">783.9 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">141.5 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue for FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$21.7 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$524 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$73.2 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total number of stores </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11,806 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11,500 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10780 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market Value </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$4-5.3 billion (estimated) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$381.49 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$22.25 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Enterprise value/EBITDA </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26.5x </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.79x </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.74x </td></tr></tbody></table>(Source: company reports, HDFC Securities) Reliance Retail, the unlisted entity, is estimated to share a higher valuation Reliance Retail might be a small player when compared to the global giants Walmart and Tesco, but here’s where Mukesh Ambani brings true value to its investors – its enterprise value to EBITDA (earnings before interest, taxes, depreciation, and amortization) ratio is double than Walmart, and triple than that of Tesco. The higher the EV/EBITDA ratio, the more value the investor sees in the company. But what makes for Reliance Retail’s high EV/EBITDA ratio? Arvind Singhal, Chairman and MD of consulting firm Technopak, explains that most Indian companies enjoy a much higher EV/EBITDA ratio than their competitors in the US and Europe. “There are two factors. Firstly, the perception of investors is that India will show more growth in consumer product industries compared to mature markets where the consumers are spending less on merchandise and more on services. Retailers like Tesco or Walmart, they have to grow by taking a share of the market from someone. The demography of India is such that people will spend on merchandise consumption, therefore you can support higher multiples,” he said. Singhal also believes that Reliance Retail also enjoys the stance of being part of a conglomerate as opposed to other listed peers within India like DMart, Trent or a Shoppers Stop. “When Reliance Retail does go on to list, the valuation will be higher because of the limited number of ‘good’ companies in India and that too of a certain scale. So, when a global investor comes looking at investments in India, they are going to put their money on those few companies,” he said. Grocery at the centre stage for all three From Reliance to Walmart and even Tesco, grocery is at the centre stage of their e-commerce bets, a business that has only accelerated due to the coronavirus pandemic. Reliance in its first-quarter earnings of FY21 reported that grocery alone saw a 21% growth year-on-year in the operational business of grocery in the first quarter. Ambani’s e-commerce bet, JioMart clocked in big numbers during the lockdown – the company claimed it received over 4 lakh orders on a single day. And now, expansion plans for JioMart are underway. According to a <a href="https://www.financialexpress.com/industry/rils-jiomart-to-sell-half-of-all-online-grocery-in-india-facebook-to-help-put-mukesh-ambani-on-top-goldman/2036073/">Goldman Sachs report,</a> JioMart is poised to sell half of all online grocery in India, which is expected to see 5 million orders every day by 2024. It also helps that global tech players like Facebook and Google have invested billions in Jio and backed Ambani’s digital plans. Meanwhile, Walmart has nearly doubled its e-commerce sales during the April-June quarter, thanks to the rising demand in online grocery. And at the other end, Tesco continues to remain the leader in the British market, even with Amazon being bullish about its e-commerce grocery sales in the region. During the lockdown, Tesco saw its grocery sales <a href="https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/britains-grocery-sales-growth-slows-as-habits-inch-towards-normality/77613018">jump</a> by 12.8%. Reliance Retail is stocking up Reliance Retail current offerings <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Offline Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">E-commerce </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Fresh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jio Mart </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Trends </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ajio.com </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Digital </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance digital </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Jewels </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Home Shop18 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Market </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BookMyShow </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Smart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliancesmart.in </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Footprint </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NetMeds </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qwik mart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zivame </td></tr></tbody></table> 2020 might be an agonising year for most, and especially those businesses that operate in the segments that Asia’s richest man Mukesh Ambani seems to be interested in. The spate of acquisitions continues. With the buyout of online pharmacy startup Netmeds, and a stake in lingerie retailer Zivame, Reliance Retail is now looking to close the acquisition deal with Kishore Biyani’s mammoth enterprise Future Retail, which runs the chain of Big Bazaar stores over the next few days. It is also in talks with furniture retail startup Urban Ladder. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-today-sbi-dlf-pnb-housing-yes-bank-ruchi-soya-titan-company-and-more/articleshow/77646162.cms">Top stocks to watch today— SBI, DLF, PNB Housing, Yes Bank, Ruchi Soya, Titan Company and more</a> <a href="https://www.businessinsider.in/business/ecommerce/news/walmart-ceo-defends-flipkart-valuation-says-learnings-from-india-helped-double-their-e-commerce-sales/articleshow/77626799.cms">Walmart CEO defends Flipkart's valuation, says learnings from India helped double their e-commerce sales</a>

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