Patanjali Will Launch 4 IPOs In Upcoming 5 years: Baba Ramdev

Patanjali Foods Ltd, earlier known as Ruchi Soya, has seen significant growth over the past few months; given exciting returns over the years, the stock hasn't caught much attention from the analyst.

However, quite recently, the stock of Patanjali Foods has been getting the attention of many analysts and brokerage firms with a target price of up to Rs. 1725. On Friday, Baba Ramdev, co-founder of Patanjali, announced Patanjali's future plans at a press conference.

Baba Ramdev said, 'We will launch at least four IPOs for sure - Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness, and Patanjali Lifestyle - in the next five years'. Adding to this statement, Baba Ramdev also mentioned that he is planning to take the market capitalization of Patanjali Group up to Rs. 5 lakh crore in the upcoming 5 years.

Patanjali Foods has a presence in the entire value chain of edible oil and is considered one of the leading FMCG companies in India. However, Baba Ramdev plans to expand the company to different sectors, including the pharmaceutical and wellness industries.