Patanjali IPO: Preparing to Bring IPO Of Four Companies of Patanjali, The Company Will Give Bumper Jobs in Five Years
New Delhi : Baba Ramdev has announced to launch of the IPO of four Patanjali companies in the stock market. The companies whose IPO has been announced by Baba Ramdev at a press conference held in Delhi are Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness, and Patanjali Lifestyle.
Baba Ramdev said that the turnover of Patanjali group is Rs 40,000 crore today, which Patanjali group is looking to take to Rs 1 lakh crore in the next 5 years. These four IPOs (initial public offerings) of Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness, and Patanjali Lifestyle will change the face of the consumer market in the next few years.
Patanjali’s High Jump
Baba Ramdev said that we are preparing to give a new direction to the five listed companies of Patanjali Group by bringing four new IPOs in the next five years. After Patanjali Foods Limited, we are targeting to IPO our four other companies Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness, and Patanjali Lifestyle.
Patanjali Group has started the work of listing these companies in the market. Preparations are being made to get a market value of Rs 5 lakh crore from these 5 companies.
Patanjali will be the largest company in palm oil
Speaking about Patanjali Foods Limited, Baba Ramdev said that Patanjali Foods will be India’s largest company in Oil Palm Plantation. Once planted, the oil palm tree gives returns for the next 40 years. He said that this will save India Rs 3 lakh crore every year, which is spent on the import of edible oil annually.
The yoga guru also said that 5 lakh people are getting jobs directly and indirectly from the Patanjali group. He said that the group plans to generate 5 lakh direct employment opportunities in the next 5 years.
how much is Patanjali group’s 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.
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