Ruchi Soya allots shares worth Rs 1,290 cr to anchor investors ahead of FPO

Ruchi Soya Industries has allotted shares worth Rs 1,290 crore to anchor investors ahead of its Rs 4,300-crore follow-on public offering (FPO). A total of 19.83 million shares were allotted at Rs 650 apiece.

Some of the foreign investors given allotment, including Société Générale, BNP Paribas, Oman Pension Fund, and YAS Takaful, had made an application in the anchor category. Among domestic investors, SBI MF, Kotak MF, Birla MF, HDFC Life Insurance, Ask Group, and Quant MF have got an allotment.

Ruchi Soya has priced its FPO in the range of Rs 615-Rs 650 per share. The issue price is