Patanjali May Come Up with IPO In A Month

In a PTI report Baba Ramdev is known to send across a message that he will be able to give some good news on Patanjali's IPO in a month's time. This he said at some event. On the sidelines, he also said that the country can turn into a manufacturing hub provided some of the aid is extended for reducing costs for different players as well as some of the designated areas are allowed to grow as manufacturing industries.

In a PTI report earlier in October, Ramdev hinted to not go for wither stock market listing or foreign equity. Also he is quoted as saying, "But the banks should, at the same time, be smart enough to identify and help only the genuine industries, not the Vijay Mallya types".

The company is targeting to pip HUL and surpass the FMCG major in turnover by FY20 and become the world's leading FMCG concern by the year 2025.

For its ambitious plans, the company plans to hire incumbents, acquire some of the insolvent concerns and at the same time expand its business by working on its manufacturing and supply-chain capabilities.

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