{"id":8037,"date":"2022-04-06T17:07:09","date_gmt":"2022-04-06T11:37:09","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=8037"},"modified":"2022-04-06T17:07:09","modified_gmt":"2022-04-06T11:37:09","slug":"ruchi-soya-fpo-stock-fell-20","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/ruchi-soya-fpo-stock-fell-20\/","title":{"rendered":"Ruchi Soya Fell ~20% After Board Cleared FPO Share Allotment"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.tickertape.in\/stocks\/ruchi-soya-industries-RCSY?checklist=basic&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Ruchi Soya<\/a> tanked ~20% lower at Rs 706 against the last trading price of Rs 875.45 on BSE after its board cleared the allotment of 6.61 cr. <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> shares via a <a href=\"https:\/\/www.tickertape.in\/blog\/difference-between-fpo-and-ipo\/?utm_source=blog&amp;utm_medium=article\">follow on public offer (FPO)<\/a>.<\/p>\n\n\n\n<p>The stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Ruchi Soya has gained 6.57% in a year and fallen 11.02% since the beginning of this year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About the FPO<\/strong><\/h2>\n\n\n\n<p>Ruchi Soya\u2019s follow-on public offer (FPO) hit the capital market on 24 March 2022. The Ramdev Baba-led company looked to raise Rs 4,300 cr. aiming to get debt-free. The price band had been fixed at Rs 615-650 per share whereas the face value was Rs 2 apiece. The FPO, which was subscribed 3.6 times, closed on 28 March. Following the allotment of FPO shares, Ruchi Soya\u2019s paid-up equity capital has increased from Rs 59,16,82,014 to Rs 72,39,89,706.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Allotment of FPO<\/strong><\/h2>\n\n\n\n<p>The board has cleared the allotment of Ruchi Soya FPO, and bidders can view their application status on <a href=\"https:\/\/www.tickertape.in\/stocks\/bse-BSEL?checklist=basic&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">BSE<\/a> and the registrar Link Intime&#8217;s websites. The initiation of refunds (if any, for Anchor Investors)\/unblocking of funds will be done on or around 6 April 2022.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.tickertape.in\/blog\/what-are-equity-shares-meaning-types-features-limitations-and-more\/\">Equity shares<\/a> will be credited to depository accounts of allottees on 7 April 2022, whereas the equity shares are expected to start trading on the stock exchanges on 8 April 2022.<\/p>\n\n\n\n<p>Ruchi Soya had already raised Rs 1,290 cr. from anchor investors last week for ~1.98 cr. Further, ~97 lakh bids were withdrawn by investors as <a href=\"https:\/\/www.tickertape.in\/blog\/securities-and-exchange-board-of-india-functions-powers-and-regulations-of-sebi\/?utm_source=blog&amp;utm_medium=article\">SEBI<\/a> cautioned investors about the \u2018circulation of unsolicited SMS\u2019 and directed the company to give investors the option to withdraw the shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ruchi Soya fell ~20% after its board cleared the allotment of the Follow On Public Offer (FPO).<\/p>\n","protected":false},"author":27,"featured_media":8039,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[9,1744],"tags":[707,1575],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/04\/10.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8037"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=8037"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8037\/revisions"}],"predecessor-version":[{"id":8041,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8037\/revisions\/8041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/8039"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=8037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=8037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=8037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}