New Delhi: Ruchi Soya shares fell more than 19 percent during the early hours of trading on Wednesday because the company announced stock allotment for public offering (FPO).

The company’s board has approved a ration of 6.61.53.846 Equity shares with a nominal value of Rs 2 respectively, collecting up to RS 4,300 Crore, he said in the submission of regulations.

Allotment prices have been set at Hospital 650 respectively, the company has announced earlier. Baba Ramdev’s Patanjali Ayurveda leads Ruchi Soya plans to take advantage of the raised amount to peel debt.

On Wednesday, Ruchi Soya’s shares fell around 19 percent to Rs 706, before recovering to RS 763 at 9.55 in the morning. The script has settled Rs 875.45 on Tuesday.

BSE Sensex traded 456.41 points or 0.76 percent lower at 59,720.09 at the time of writing this report.

Ruchi Soya FPO is open to subscribe between March 24-28 because the company sells its shares in the range of Rs 615-650 per share, with a minimum size of 21 shares.

After the equity stock allotment, the company’s paid equity equity stock established increased to Rs 72.4 Crore from RS 59.16 Crore before, submissions added.

The company has collected 1,290 crore from an anchor investor by publishing around 1.98 crore shares at Rs 650 per share.

According to the PTI report, almost 97 Lakh offers were withdrawn by the FPO investor after the Watchdog Sebi market directed Ruchi Soya to provide an option investor to attract their offer.

How to check allotment status:
Investors, who have bids for this problem, can check the rationing status on the Bombay Stock Exchange (BSE) website:
1) Visit https://www.bseindati.com/investors/appli_check.aspx
2) Under the problem type, click Equity
3) Under the problem name, select Ruchi Soya Industrie Limited in Dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a robot’ and press send

You can also check the rational status on the Indian Intime Intime Intime Portal Limited (https://linkintime.co.in/mipo/ipoallotment.html), applicants for this problem.

The Registrar is responsible for complying with the schedule to update electronic credit shares for successful applicants, delivery, and upload refunds, and attend all questions related to investors after the problem is complete.

1) Go to Portal Web Link Intime India Private Limited
2) Select the IPO in Dropbox whose name will be filled only if the allotment is resolved
3) Enter your number number
4) Press send

FPO shares from Ruchi Soya Industries tend to register on April 8 and they will be credited in the Investor Demat account on April 7.