Ruchi Soya Industries' FPO sees strong demand from anchor investors

Ruchi Soya has priced its FPO in the range between Rs 615-Rs 650 per share. The issue price is 28-32 per cent lower than Tuesday's closing price of Rs 913 per share.

Anchor investors are making a beeline to apply in Ruchi Soya Industries’ Rs 4,300-crore follow-on public offering (FPO).

According to sources, the demand has already exceeded supply of shares in the anchor category. Ruchi Soya can allot up to Rs 1,290 crore worth of shares to anchor investors ahead of its FPO, which opens on Thursday

Sources said that among foreign investors Societe Generale, BNP Paribas, Oman Pension Fund and Yas Takaful have made an application in the anchor category. Among domestic investors, SBI MF, Kotak MF, Birla MF, HDFC Life Insurance, Ask Group and Quant MF too seem to