Patanjali IPO: Plan For IPO Of 5 Companies Of Patanjali Group

Patanjali IPO: Plan for IPO of 5 companies of Patanjali Group, Baba Ramdev can make a big announcement today.

Yoga guru Baba Ramdev will announce IPO for 5 companies of Patanjali Group today. Ramdev is preparing to bring 5 new IPOs in the next 5 years.

The objective of launching the IPO is to establish Patanjali Group as a strong market entity while giving it a corporate look. This will be announced at a press conference today.

Patanjali has said in its press release that we are happy to inform you that Swami Ramdev will be addressing an important press conference in New Delhi on 16th September 2022.

Swami Ramdev will give an overview of all aspects of the vision and mission 2027 of the Patanjali group.

He will tell about the contribution of the Patanjali group in making India self-reliant and 5 key priorities and goals for the next 5 years.

Patanjali’s High Jump.

Baba Ramdev will today give information about 5 new IPOs of five group companies to come in the next 5 years.

Talking to the media a few days ago, Baba Ramdev said that the companies whose IPO will be launched include Patanjali Ayurved, Patanjali Wellness and Patanjali Medicine, and Patanjali Lifestyle.

How much is Patanjali’s group revenue?

Let us tell you that in FY22, Patanjali’s revenue increased to Rs 10,664.46 crore from Rs 9,810.74 crore in the previous financial year.

However, the company’s net profit has come down marginally to Rs 740.38 crore as against Rs 745.03 crore in FY22.

In 2019, Patanjali Ayurveda bought Ruchi Soya for Rs 4,350 crore and renamed it Patanjali Foods. This company is already listed on the stock exchange.

Patanjali Foods has emerged as a reputed company in the top Fast Moving Consumer Goods (FMCG) market in India in recent times.