Rossari Biotech IPO Details
Rossari Biotech IPO description – Rossari Biotech is one of the leading specialty chemicals manufacturing companies in India and provides customized solutions to specific industrial and production requirements of its customers primarily in the FMCG, apparel, poultry and animal feed industries. The company has a diversified product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals; and animal health and nutrition products. It operates in India as well as in 17 foreign countries including Vietnam, Bangladesh and Mauritius. The company claims to be the largest manufacturer of textile specialty chemicals in India providing textile specialty chemicals in a sustainable, eco-friendly yet competitive manner. Its business is organized in three main product categories – (i) home, personal care and performance chemicals; (ii) textile specialty chemicals; and (iii) animal health and nutrition products. As on 31 January 2020, Rossari had a range of 1,960 different products sold across the three product categories.
Promoters of Rossari Biotech – Mr Edward Walter Menezes and Mr Sunil Srinivasan Chari
| Rossari Biotech IPO details | |
| Subscription Dates | 13 – 15 July 2020 |
| Price Band | INR423 – 425 per share |
| Fresh issue | INR50 crore |
| Offer For Sale | 10,500,000 shares (INR444.15 – 446.25 crore) |
| Total IPO size | INR494.15 – 496.25 crore |
| Minimum bid (lot size) | 35 shares |
| Face Value | INR2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
|
Rossari Biotech’s financial performance (in INR crore) |
||||
| Â | FY2017 | FY2018 | FY2019 | FY2020 |
| Revenue | 260.6 | 300.4 | 517.1 | 603.8 |
| Expenses | 241.9 | 263.0 | 453.7 | 515.8 |
| Net income | 14.2 | 25.4 | 45.4 | 65.0 |
| Net margin (%) | 5.4 | 8.5 | 8.8 | 10.8 |
More about Rossari Biotech IPO
Rossari Biotech Contact Details
Rossari Biotech Limited
201 A – B, 2nd Floor,
Akruti Corporate Park, L.B.S. Marg,
next to GE Gardens, Kanjurmarg (W), Mumbai 400 079
Phone: +91 22 6123 3800
Email: [email protected] Website:Â www.rossari.com
Registrar of Rossari Biotech IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083Â
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Valuation of Rossari Biotech (FY2020)
Earnings Per Share (EPS): INR13.23
Price/Earnings (PE ratio): 31.97 – 32.12
Return on Net Worth (RONW): 31.79%
Net Asset Value (NAV): INR56.48 per share
Rossari Biotech IPO Subscription Details
|
Category |
Shares offered | Subscription (no. of times) | |||
| Day 1 | Day 2 |
Day 3 |
|||
| QIB |
2,335,294 |
0.41 | 2.75 |
85.26 |
|
| NII |
1,751,471 |
0.11 | 4.34 |
239.83 |
|
| Retail |
4,086,765 |
0.92 | 2.51 |
7.23 |
|
| Â | Â | Â | Â | Â | |
| Total |
8,173,530 |
0.59 | 2.97 |
79.37 |
|
Rossari Biotech IPO Analyst Reviews
Angel Broking – Subscribe
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Rossari Biotech IPO Allotment Status
Rossari Biotech IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Rossari Biotech
IPO Opening Date: 13 July 2020
IPO Closing Date: 15 July 2020
Finalisation of Basis of Allotment: 20 July 2020
Initiation of refunds: 21 July 2020
Transfer of shares to demat accounts: 22 July 2020
Listing Date: 23 July 2020
Opening Price on NSE: INR669.25 per share (up 57.47% from IPO price)
Closing Price on NSE: INR752 per share (up 76.94% from IPO price)
Himmat hai bhai aise market me ipo la rahe hain
Pehle 18 – 20 March planned tha lekin ab ye ipo 8 July ko khulega
I don’t get how this iPO is priced. Rossari is way too expensive and why should you buy this when Atul trades at much better valuations.
How can we buy it.
Atul is way overpriced man
By when Lien Amount (blocked amount) towards IPO will be release?
by when blocked amount will get return from Rossari? Its been a week and amount is still blocked.
by when blocked amount will get return from Rossari? Its been a week and amount is still blocked.