Patanjali is going to float 4 IPOs and expects Rs. 1 lakh crore turnover in next five years, according to Baba Ramdev

Yoga guru and Patanjali founder Baba Ramdev announced on Friday that Patanjali Ayurved will float four initial public offerings (IPOs) in the market. During a press conference, Ramdev said the IPOs of Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine, and Patanjali Lifestyle will be floated.He also said that the turnover is set to reach Rs. 1 lakh crore over the next five years. Currently only Patanjali Foods Ltd., which is one of the groups of the company, is listed in the stock market. Patanjali Foods Ltd. was acquired from an edible oil company named Ruchi Soya Industries in 2019 and named Patanjali Foods Ltd. this year.During the presser, Ramdev alleged a conspiracy to discredit Patanjali Ayurved. He claimed that despite falsehoods and a vicious campaign run against him, people are not ready to believe that Patanjali can do anything wrong.