Rossari Biotech IPO Details

Rossari Biotech IPORossari 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
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Rossari Biotech’s financial performance (in INR crore)

  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: 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 – 400 083 
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: 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        
NII        
Retail        
Employees        
Total        

Rossari Biotech IPO Analyst Reviews

Choice Broking – To be updated
Ventura Securities – To be updated
BP Wealth – To be updated
HEM Securities – To be updated
Ajcon Global – To be updated
Arihant Capital – To be updated
ICICIdirect – To be updated
Angel Broking – To be updated

Rossari Biotech IPO Allotment Status

Rossari Biotech IPO allotment status will be 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: To be updated
Closing Price on NSE: To be updated

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