patanjali group ipos: Patanjali will launch at least 4 IPOs in next 5 years: Baba Ramdev – Blue Barrows

Yoga guru Baba Ramdev on Friday announced that Patanjali Group will launch at least four IPOs in the next five years.

“We will launch at least four IPOs for sure – Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle – in the next five years,” Baba Ramdev announced at a press conference on Friday.

He also aims to take the group’s market cap from Rs 50,000 crore to Rs 5 lakh crore in five years.

Ramdev said the group’s current turnover is Rs 40,000 crore which will increase to Rs 1 lakh crore after five years.

Following the announcement, shares of Patanjali Foods, which was earlier known as

and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.

The stock, which hardly has any analyst coverage, recently saw Antique Stock Broking initiating coverage with a target price of Rs 1,725.

Stating that Patanjali Foods is well on its way to being a diversified FMCG and FMHG-focused company with widely recognized brands (Ruchi, Nutrela, Patanjali) across the value chain, Ramdev said the company will outperform peers through portfolio diversification and benefit from PAL’s strong distribution network.

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