Baba Ramdev’s Patanjali Group announced plans for an initial public offering (IPO) of four of the group’s companies at a press conference on Friday. The company plans to launch his four IPOs in the coming years: Patanjali Yurvet, Patanjali Wellness and Patanjali Medicine, Patanjali Lifestyle.
Baba Ramdev also said the company plans to have at least five to seven listed companies from the group. Currently, Patanjali’s group turnover is his Rs 4 lakh. “I am confident that it will reach Rs 10 crore in the next five years,” Mr Ramdev said.
The company is aiming for a market share of Rs 5 crore in these IPOs.
Shares of Patanjali Foods rose 0.5% on Thursday to Rs 1,349 on the BSE. The stock has gained 20% in the last month and has gained 30% in the past six months. Baba Ramdev also said Patanjali will provide employment opportunities for 5 million people in the coming days. The company also plans to open a Rs 10,000 Patanjali wellness store.
Ruchi Soya purchased at Rs 4,500 crore is closer to Rs 50,000 crore, he updated Baba Ramdev. The company is already listed on the BSE and NSE stock exchanges. Ruchi Soya sells products under brands such as Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight. Ruchi Soya is primarily engaged in processing oilseeds, refining crude edible oils for use as edible oils, and manufacturing soybean products and value-added products.
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