Baba Ramdev, businessman and yoga guru, on Friday announced the initial public offering (IPO) plans for four Patanjali group companies over the next five years. “We are preparing to get listed five Patanjali group companies by floating four IPOs in the next five years,” a company statement read.
Since its launch, The company has been coming out with various products and today its business is present across categories like Ayurveda and FMCG.
The company’s revenue from its FMCG business increased to Rs 9,241.27 crore in FY22, up from Rs 8,778.03 crore in FY21. Its Ayurveda business reported a revenue of around Rs 1,273.92 crore in FY22 against Rs 925.09 crore in FY21.
The company’s total revenue increased to Rs 10,664 crore in FY22 from Rs 9,810 crore in FY21. Patanjali recorded a net profit of Rs 740.38 crore in FY22 against Rs 745.03 crore in FY21.
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Patanjali Group plans to float 4 IPOs in next five years.
“After Patanjali Foods, we aim to bring IPOs of our four other companies – Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine and Patanjali Lifestyle,” it added.
It also stated that “the action plan” is “to achieve the target of Rs 5 lakh crore market value.”
Currently, Patanjali Foods is listed at the exchanges.
Earlier this year, Baba Ramdev-owned Patanjali Ayurved divested its food retail business to group company Ruchi Soya Industries Ltd last month for Rs 690 crore. Through its follow-on public offer (FPO), Ruchi Soya collected Rs 4,300 crore, to clear its bank and long-term borrowings.
After this, the promoters’ stake was reduced to 80.82 per cent, and the public shareholding stood at 19.18 per cent.
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As per the Securities and Exchange Board of India (SEBI) norms, the company needs to bring down the promoters’ stake to achieve the minimum public shareholding of 25 per cent. The company has around three years to pare promoters’ stake to 75 per cent.
FPO is an additional share sale offer of a company, while an IPO or initial public offering is the first sale of shares.
In June, the edible oil producer Ruchi Soya announced that it renamed itself Patanjali Foods Ltd.
The company Foods (Ruchi Soya) sells its products under brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight.
Patanjali IPO Listing Date, GMP and other details
Since the company is yet to reveal its IPO plans for these five arms, any speculation about the listing date, Grey Market Premium (GMP) or share price band will be premature.
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Agenda of the Press Meet
According to the press invitation, Ramdev is likely to expose alleged conspiracies and rumour-mongering against the company by people with a vested interest. The company said such moves are aimed to ‘disparage Patanjali and its Swadeshi Movement in the direction of stronger and healthier India’.
Swami Ramdev is also likely to outline Group’s vision and mission for 2027. He may also share 5 major priorities and goals of the firm for the next 5 years.
Recently, the Yogpeeth has announced that it will make investments of more than Rs 1,000 crore in Uttarakhand to improve public health and promote its rich culture. Ramdev said that he will work to make Uttarakhand a ‘spiritual and cultural capital of the world’.
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