Baba Ramdev's Patanjali may launch IPO next year

Wednesday 28th July 2021 06:51 EDT

Baba Ramdev's Ayurveda company Patanjali is going to launch its IPO. During an interview, the Yoga guru said that a decision regarding Patanjali IPO can be taken by the end of this year. Ramdev said that there is no plan to launch Patanjali IPO this year, but a decision can be taken by the end of the current financial year. Ramdev said that soon a decision will be taken on Patanjali's IPO. He also said that these days, he is busy meeting various institutional investors ahead of the £430 million follow-on public offer (FPO) of Ruchi Soya. That is, Ramdev is paying attention to the expansion of Patanjali.

Ramdev especially wants to increase the edible oil business. He said that investors are showing their interest for the Ruchi Soya issue and they will fix its price in the interest of all the shareholders. Ramdev said that potential investors in Ruchi Soya can rejoice that the company is aiming to transform itself into a premier FMCG company. At the same time, he said that we will ensure that the size of the commodity business also increases.

It may be noted that Patanjali did a business of more than £3 billion in the financial year 2021. Out of this, Ruchi Soya contributed £1.63 billion to the sales. Sales in FY20 stood at £2.5 billion, of which £1.31 billion was contributed by Ruchi Soya.

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