Patanjali will launch at least 4 IPOs in next 5 years
Yoga practitioner Baba Ramdev on Friday blazoned that Patanjali Group will launch at least four IPOs in the coming five times. “We’ll launch at least four IPOs for sure- Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle- in the coming five times,” Baba Ramdev blazoned at a press conference on Friday.
He also aims to take the group’s request cap from Rs50,000 crore to Rs 5 lakh crore in five times. Ramdev said the group’s current development is Rs40,000 crore which will increase to Rs 1 lakh crore after five times. Following the advertisement, shares of Patanjali Foods, which was before known as Ruchi Soya NSE-1.01% and ultimately re-branded following the accession by Baba Ramdev- led Patanjali Ayurved, were trading 0.6 per cent advanced at Rs1,351 at 1 pm. The stock has rallied nearly 60 per cent time- to- date.
The stock, which hardly has any critic content, lately saw Antique Stock Broking initiating content with a target price of Rs1,725. Stating that Patanjali Foods is well on its way to being a diversified FMCG and FMHG- concentrated company with extensively honoured brands( Ruchi, Nutrela, Patanjali) across the value chain, Ramdev said the company will outperform peers through portfolio diversification and benefit from confidante’s strong distribution network.
About Patanjali Ayurved Limited
Patanjaliayurved.net domain is owned by Patanjali Ayurved Limited incorporated in 2006 under Companies Act, 1956 with its registered office at D-26, Pushpanjali Bijwasan Enclave, New Delhi – 110061. Patanjaliayurved.net is the official online Patanjali store of Patanjali Ayurved Limited. Full range of best quality, trusted Patanjali products are now just a click away from your door step. We are dedicated for best service, quality products, real time assistance. We present full product range of food, cosmetics, medicines, books, CD s, DVD s & Audio cassettes at best price.
Patanjali Ayurved Limited produces quality Herbomineral preparations. To monitor quality, the Divya Yog Mandir Trust and Patanjali Yog Peeth grow many endangered herbs on its farmland. The principles of Good Manufacturing Practices (GMP) are rigorously followed in the plant and Company prides itself on being environment friendly.
A high stress on quality, several quality circles and special quality circles and special project teams working on Total Quality Management (TQM) projects make quality a way of life in Patanjali Ayurved Limited. This enables Patanjali Ayurved Limited to produce herbomineral preparations with uniform levels of batch-to-batch consistency. This ensures that the customer gets the same high quality product regardless of where it is purchased.
The special equipment required for manufacturing of sterile products (bhasma, ghanstva, eyedrop, capsule, etc.) includes component washing machines, steam sterilizers, membrane filter machines, manufacturing vessels, blenders, liquid filling machines, powder filling machines, sealing and labelling machines, vacuum testing chambers, inspection machines, lyophilisers, pressure vessels, etc. are provided depending on the type and volume of activity.
Unit sterilizers are double ended with suitable interlocking arrangements between the doors. The effectiveness of the sterilization process is established initially by biological inactivation studies using microbial spore indicators and then at least once a year by carrying out thermal mapping of the chamber. Filling machines are challenged initially and then at periodic intervals by stimulation trials including sterile media fill.
On procurement, engineers with the support of production and quality assurance personnel have done installation qualification of each of the equipment. Equipment for critical processes like aseptic filling and sterilizers are suitably validated according to a written program me before putting them to use. Standard operating procedures are available for each equipment for its calibration and operation and cleaning.