Patanjali IPO: Know about Baba Ramdev’s initial public offering plan, date, key details

Patanjali IPO: Know about Baba Ramdev’s initial public offering plan, date, key details

The Patanjali Group’s vision and goal for 2027 are also likely to be discussed by Ramdev today.

Baba Ramdev, the founder of Patanjali and a well-known yoga teacher, is anticipated to make an initial public offering (IPO) announcement today for five of the Patanjali Group firms (September 16). In order to elevate the companies to new levels of success, Ramdev will announce his plan to issue 5 fresh initial public offerings (IPOs) over the course of the next 5 years.

Patanjali IPO

Major media outlets have already received press invitations from Patanjali, which stated that Swami Ramdev Ji Maharaj will speak at a significant press conference on September 16, 2022, in New Delhi.

There are many industries Patanjali has spread to, including FMCG and Ayurveda.
The company’s FMCG business revenue increased from Rs 8,778.03 crore in FY21 to Rs 9,241.27 crore in FY22. Its Ayurveda business generated revenues of about Rs 1,273.92 crore in FY22 compared to FY21.

The company’s overall sales increased from Rs 9,810 crore in FY21 to Rs 10,664 crore in FY22. Patanjali’s net profit decreased from Rs 745.03 crore to Rs 740.38 crore compared to FY21.

Date of Patanjali’s IPO listing, GMP, and other information
Any speculation about the listing date, Grey Market Premium (GMP), or share price band will be premature because the company has not yet disclosed its IPO plans for these five arms.

Plan of the Press Conference

Ramdev is expected to reveal alleged conspiracies and rumor-mongering against the company by individuals with a vested interest, according to the press invitation. According to the business, these actions are intended to “disparage Patanjali and its Swadeshi Movement in favor of a stronger and healthier India.”

Swami Ramdev is anticipated to describe the goals and objectives of the Patanjali Group for 2027 as well. He might also outline the firm’s top five priorities and objectives for the ensuing five years.

The Patanjali Yogpeeth has declared that it would invest more than Rs 1,000 crore in Uttarakhand to advance the state’s rich culture and public health. Making Uttarakhand a “spiritual and cultural capital of the globe” is what Ramdev promised to pursue.

Jitesh Pathak
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