As per BSE data, cumulative retail demand fell to 0.39 times from 0.90 times the previous day. The quota reserved for non-institutional investors was subscribed 9 times compared with 11.75 times the previous day. The quota reserved for employees also saw withdrawals and stood at 4.56 times compared with 7.76 times in the previous session. Meanwhile, the qualified institutional bidders (QI)B quota was 1.6 times against 2.2 times in the previous sessions.
The figures are based on the cumulative demand data, which was visible on BSE’s web portal at the time of writing this copy. Later, the data reverted to the figure as of Monday’s. A BSE spokesperson told ETMarkets that the Ruchi Soya FPO data, which was visible on the cumulative demand page, was not cumulative but BSE’s standalone and that since the Sebi order came in on Monday evening, the exchange was still in touch with the market regulator to understand whether it was required to disseminate the FPO data till Wednesday.
To be sure, the issue closed on Monday and no fresh bids are being accepted. Securities and Exchange Board of India, meanwhile, has directed Ruchi Soya to give investors, other than anchor investors, who subscribed to the firm’s FPO, a window until Wednesday to withdraw bids, citing the circulation of “unsolicited SMSes”
The capital markets regulator said prima facie, the contents of the text messages appeared to be “misleading/fraudulent” and don’t comply with regulations.
To this, the company suggested that the message had not been issued by our company or any of our directors, promoters, promoter group or group companies.
Ruchi Soya said it has also lodged an FIR to take up an investigation against the circulation of unsolicited messages, regarding its FPO.
“A first information report (FIR) has been lodged by Ruchi Soya with a police station at Haridwar to take up an investigation with respect to the circulation of the message, under Section 67A of the Information Technology Act, 2000 and section 420 of the Indian Penal Code, 1860,” the company said in a press release.
The SMS/message circulating in social media speculated about investment opportunities in Ruchi Soya’s FPO, suggesting that the issue was available at a deep discount to the market price.
