Patanjali Foods IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Patanjali Foods

CMP

1,483.55

+2.35 (0.16%)

  • DRHP
₹650

Offer Price

₹ 4,300.00 Cr

Issue Size

₹ 13,650

Min Investment

3.60x

Times Subscribed

21

Lot size

Time Line

  • 24
    Mar 2022
    Open
  • 30
    Mar 2022
    Close
  • 05
    Apr 2022
    Finalisation of Basis of Allotment
  • 06
    Apr 2022
    Initiation of Refunds
  • 07
    Apr 2022
    Transfer of Shares to Demat Account
  • 08
    Apr 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continue to leverage the Patanjali brand and enhance synergies

  • Enhance the high margin premium food portfolio through the Nutrela brand and increase its brand awareness

  • Intend to increase its market share by deeper penetration in existing markets and expanding its footprints in newer markets

  • The Company intends to continue its focus on backward integration, by increasing the overall palm plantation area under cultivation.

  • Expanding its 100% plant based and vegetarian nutraceuticals products portfolio

Products & Services

  • The Company is one of the leading branded edible oil and Textured Soya Protein companies in India. It has also forayed into biscuits, rusk, cookies, noodles and breakfast cereal.

  • The Company has recently launched its nutraceuticals business by understanding the potential in the health and wellness segment.

Strengths

  • Pan-India presence with an extensive supply and distribution network

  • Fully integrated operations with strategically located manufacturing facilities.

  • Strong parentage and established brands

  • Experienced promoters and management team

  • Diversified products with presence across mass, value and premium segment

Risks

  • The company inability to anticipate, respond to and meet the tastes, preferences or consistent quality requirements of its consumers or the company inability to accurately predict and successfully adapt to changes in market demand or consumer preference could reduce demand for its products and in turn, impact its sales.

  • The company revenue significantly depends on the sale of its edible oil products and any decline in the sale of its edible oil products, specifically palm and soyabean oil, in the market would have a material adverse effect on its business, financial condition and results of operation.

  • The company depend almost entirely on third-party suppliers in respect of availability of its raw materials. An interruption in th supply of such products and price volatility could adversely affect its business, results of operations and financial condition.

  • The Company is required to comply with the minimum public shareholding requirements prescribed under the SCRR and any sale of Equity Shares by its Promoters or further issue of Equity Shares by the Company in order to comply with the minimum public shareholding requirements prescribed under the SCRR may adversely affect the trading price of its Equity Shares. Failure to comply with the minimum public shareholding requirements by its Company may result in certain adverse consequences, including delisting of its Equity Shares.

  • The company has `take or pay agreement` with one of its Promoters, Patanjali Ayurved Limited to ensure sufficient cash flows of its Company for timely repayment of the facilities by assured capacity utilisation of certain refining units owned by the Company for a term of 10 years. Any discontinuance or termination of this agreement will result into material adverse effect on its business financial condition and results of operation.

Company Promoters

Promoters Holding

Issue For IPO
18.08%
Pre Holding

98.90%

Post Holding

80.82%

Top Promoters Holding

Financials

All values in Cr

Mar-2019 Mar-2019 Mar-2021 3-Yr trend
Revenue -10.29 (-) 12,729.23 (-) 78.60 (-)
Gross Profit -10.29 (-) 12,729.23 (-) 78.60 (-)
Net Income -10.29 (-) 12,729.23 (-) 78.60 (-)
Assets -10.29 (-) 12,729.23 (-) 78.60 (-)
Liabilities -10.29 (-) 12,729.23 (-) 78.60 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Ruchi Soya Industries Ltd 16,318.63 680.77 8,053.68 3,829.13 78.60 0.00 137.35 4.02 0.43
Dabur India Ltd 9,546.60 1,693.30 10,847.13 10,847.13 22.09 9.55 43.57 15.61 0.06
Britannia Industries Ltd 13,136.14 1,863.90 8,008.78 8,008.78 52.53 77.40 148.78 23.27 0.59
Nestle India Ltd 14,709.41 2,144.86 8,209.93 8,209.93 102.89 222.46 216.19 26.12 0.02
Agro Tech Foods Ltd 892.53 31.27 545.85 545.85 7.17 13.17 178.93 5.72 0.00
Zydus Wellness Ltd 1,866.67 118.73 5,666.43 5,666.43 2.59 19.55 717.87 2.09 0.12
Godrej Agrovet Ltd 6,266.71 313.74 4,798.93 4,798.93 15.29 16.33 128.15 6.53 0.46
Marico Ltd 8,048.00 1,172.00 5,510.00 5,510.00 36.17 9.08 25.26 21.27 0.11
ITC Ltd 49,272.78 13,161.19 73,819.30 73,819.30 21.80 10.70 49.31 17.82 0.00

Book Running Managers

  • SBI Capital Markets Ltd
  • Axis Capital Ltd
  • ICICI Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Ruchi House Royal Palms,
SN 169 Aarey Colony Goregaon-E,
Mumbai - 400065
Phone : 91-22-61090100/61090200 Email : rl.gupta@patanjalifoods.com; secretarial@patanjali www.patanjalifoods.com

Offer Related Information

Further public offering of up to 6,61,53,846* equity shares of face value of Re. 2 each ("Equity Shares") of Ruchi Soya Industries Limited ("The Company" or "The Company" or "The Issuer") for cash at a price of Rs. 650.00 per equity share (including share premium of Rs. 648.00 per equity share) (the "Issue Price") aggregating up to Rs. 4300.00 crores (the "Issue"). The issue includes a reservation of up to 10,000 equity shares aggregating up to Rs. 0.65 crores, for subscription by eligible... More

News

  • 01 Apr 2022, 12:14 PM

    Ruchi Soya tumbles after board sets FPO issue price

  • 28 Mar 2022, 18:17 PM

    Ruchi Soya FPO subscribed 3.60 times

  • 25 Mar 2022, 14:24 PM

    Ruchi Soya FPO gets decent response from retail investors

  • 24 Mar 2022, 12:29 PM

    Ruchi Soya kicks off Rs 4,300 crore FPO

  • 21 Mar 2022, 12:16 PM

    Ruchi Soya tumbles after fixing price band for FPO

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: