It’s important to note that, of the firms in the Patanjali group, Patanjali Foods is now the only one that is publicly traded. However, the yoga guru did not oversee the IPO of Patanjali Foods, formerly known as Ruchi Soya. Patanjali Ayurveda purchased Ruchi Soya in 2019 for Rs. 4,350 crores through a settlement procedure.
Details about the announcement of Patanjali group firms’ IPOs
Businessman and yoga guru Baba Ramdev revealed at a press conference on September 16, 2022, the Initial Public Offering (IPO) plans for five Patanjali group enterprises over the following five years. This disclosure was made in a press release that Ramdev’s Twitter representative posted.
The day before Baba Ramdev’s press conference when the yoga master would reveal the plans for the initial public offering of five of his Patanjali group firms, shares of Patanjali Foods increased by more than 2%.
At 10.41 am, the stock was trading 1.94 percent higher than its previous day’s closing price of Rs 1,342.90 a share, at Rs 1,369. The stock has gained by almost 32% over the past six months, and by almost 22% over the past month.
According to a news release from Patanjali Foods, Baba Ramdev will discuss Patanjali’s “Vision & Mission 2027,” which outlines the organization’s five main objectives for the following five years with a focus on helping India become self-sufficient.
The company recorded a standalone total income of Rs 7,370.08 crore for the three months ended June 30, 2022, up 10.39 percent from the previous quarter’s total income of Rs 6,676.20 crore and up 39.16 percent from the same quarter last year’s standalone total income of Rs 5,295.99 crore. In the most recent quarter, the company achieved a net profit after tax of Rs 241.26 crore.
The yoga teacher reportedly said Patanjali Ayurved, Patanjali Lifestyle, Patanjali Wellness, and Patanjali Medicine would all be floated on the stock exchange over the next five years.
