Ramdev Baba’s Patanjali Foods has only one company listed in the stock market. That is why in the conference held on Friday, Ramdev Baba has announced about the IPO lane of 4 more new companies in the next 5 years. So let’s know what is Yogguru Ramdev Baba’s plan regarding IPO.
Ramdev on IPO plan
“We are planning to undertake initial public offerings (IPOs) of four other companies over the course of five years,” Ramdev said. The four companies are Patanjali Ayurved, Patanjali Medicine, Patanjali Lifestyle and Patanjali Wellness, the entrepreneur said, adding to the fact that the IPO that Patanjali Ayurved will launch could be Patanjali Ayurved’s first IPO.
He said, “Patanjali Ayurved is a reputed firm and it is ideal in terms of IPO. The product range, its distribution, customer base, future profitability prospects are all favourable.” Another option is Patanjali Medicine, which owns Divya Pharmacy, and then Patanjali Wellness which runs a chain of OPDs and hospitals across India.
Patanjali Wellness aims to expand the centers to 100
“We are planning to run 255,000 bed space in Patanjali wellness model. Patanjali Wellness. We currently have 50 of these centers and are planning to expand to (this). Up to 100 beds including IPD and OPD, as we expand using a franchise model” said the CEO.
Patanjali group aims to create 5 lakh jobs
Baba Ramdev announced that Patanjali group will employ 5 lakh people in the next few years. He said that Patanjali Group’s firm Patanjali Foods, Patanjali Foods (formerly Ruchi Soya) is listed on stock exchanges, and has a market capitalization of around $50,000. “We will launch initial public offerings (IPOs) of four other companies over the next five years.” Ramdev said.
Patanjali invests Rs 1,000 crore in Uttarakhand
Patanjali Yogpeeth will invest over Rs 11,000 crore across Uttarakhand to promote the rich tradition of culture along with improving health and wellbeing in the state, the trust said on Wednesday.
Patanjali will also include the following: Wellness, Medicine and Lifestyle units
Presently the only company listed on the stock exchange is a subsidiary of Patanjali Foods Limited. The group bought edible oil producer Ruchi Soya Industries in 2019 and changed its name to Patanjali Foods this year. Patanjali has also said that it will provide a list of its wellness, medicine and lifestyle divisions.
Four Patanjali companies are going to go public in the next 5 years.
Yoga guru Baba Ramdev in New Delhi on Friday announced the listing of four new Patanjali businesses listed on Indian exchanges. Patanjali Patron unveiled four new Patanjali IPOs (initial publicly traded offerings) – Patanjali Ayurved, Patanjali Medicine, Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle when he spoke to the media in India’s capital. When he made these announcements, the yoga guru claimed that the Patanjali group’s business is currently around Rs 40,000 crore. Patanjali group is planning to raise Rs 1 lakh crore in five years.
Baba Ramdev says that Patanjali’s business will reach Rs 1 lakh crore in next 5 years.
Addressing the press conference, Baba Ramdev said that the revenue of Patanjali will be Rs 1 lakh crore in the next five years. At present, the turnover is over Rs 40,000 crore.