Ruchi Soya IPO Issue Subscribed 1.4 Times

The follow-on public offer of Ruchi Soya Industries has been subscribed 1.4 times so far as the FPO garnered bids for 6.86 crore equity shares against the size of 4.89 crore equity shares on the final day of bidding.

The retail quota, which is 35 percent of the issue, has seen a 54 per cent subscription.

The company has reserved half of the offer for qualified institutional buyers and 15 percent for non-institutional investors. Their portions were subscribed 87 per cent and 4.13 times respectively.

Employees have put in bids for 55,713 equity shares against the 10,000 shares reserved for them.

The Patanjali-backed company had already mopped up Rs 1,290 crore through the anchor book, out of the total fundraising aim of Rs 4,300 crore.