Patanjali foods OFS Allotment Status : At the conclusion of the two-day offer on Friday, Patanjali Ayurved—led by Baba Ramdev—had sold more than twice as many shares of Patanjali Foods. According to the most recent data on the BSE, the non-retail segment garnered more than twice as many memberships as the retail division did.
2.28 billion shares were made available to non-retail investors on Thursday, and overall bids for approximately 4.56 billion shares were received, representing two times the number of subscriptions. On Thursday and Friday, respectively, non-retail and retail investors could participate in the offer.At a floor price of Rs 1,000 per share, Patanjali Foods’ shares, which deal in edible oils and other food goods, were sold off. The number of shares up for grabs is 2,53,39,640.
Check Patanjali foods OFS Allotment Status
The retail portion of an OFS (offer for sale) by Patanjali Foods, the largest FMCG company under Baba Ramdev’s leadership, was fully subscribed on Friday. Even if shares in the OFS are sold at a discounted floor price of 1,000 on the BSE on Friday, the stock also hit a 5% upper circuit at 1,225.
Based on bids in the non-retail category, the cut-off price has been established at 1103.80. Thus, a maximum of 181 shares may be requested by retail investors, who are those investing less than 2 lakh.
Patanjali foods OFS Allotment
Non-retail investors were to receive the OFS on July 13, and retail investors were to receive it on July 14. The OFS was to be conducted over two days.
According to a market filing on Wednesday, the promoter firm plans to sell up to 7% of its holdings (2.53 crore shares) at a floor price of $1,000 per share.
In the event of an oversubscription, a further 2% of it was planned to be sold. On the other hand, Patanjali Ayurved declared on July 13 that it would not use the 2% oversubscription option (also referred to as the greenshoe option). The explanation for the change of heart was not mentioned.