Shares of Ruchi Soya Industries slipped 10 per cent to Rs 783.45 on the BSE in Monday’s intra-day trade ahead of the closure of its follow-on public offering (FPO) today.

The stock of Patanjali-backed edible oils company traded lower for the fourth straight day, down 14 per cent during the period. It has corrected 31 per cent from its high of Rs 1,139.95 touched on March 15, 2022. At 11:07 am, Ruchi Soya traded 6 per cent lower at Rs 815, compared to a 0.71 per cent decline in the S&P BSE Sensex.

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So far, the issue has subscribed 1.35 times, with the FPO garnering bids for 66 million equity shares against the size of 48.9 million equity shares. The qualified institutional buyer (QIB) portion has been subscribed to 0.87 per cent. In contrast, the high net worth individual (HNI) portion has been subscribed by 3.92 per cent, the retail portion 52 per cent, and the employee portion by 5.53 times, NSE data shows.