Patanjali Ayurved group-controlled Ruchi Soya Industries will hit the capital markets with a Rs 4,300-crore follow-on offer on March 24, making the country's largest edible oil-maker the first to be re-listed after the bankruptcy process.
The management led by Ruchi Soya chairman Acharya Balakrishna and Baba Ramdev, non-executive director, on Monday announced the price-band for the issue at Rs 615-650.
At the upper end, Patanjali, which now owns 98.9 per cent of the company, will dilute around 19 per cent and 18 per cent at the lower end of the price band.
The remaining 6-7 per cent, to meet the mandatory 25 per cent public float, will be diluted before the Sebi deadline of December 2022, the company said.