PS www.ProStocks.com
|
|
Incorporated in 2009, Rossari Biotech Ltd is a manufacturer of textiles specialty chemicals. It provides customized solutions to the apparel, animal & poultry feed, and FMCG industries by offering a diversified product portfolio. Rossari Biotech operates in 18 countries including India, Bangladesh, Vietnam, and Mauritius.
As per the F&S Report published on 30th Sept 2019, it is the largest textile specialty chemical manufacturer in India. The business of the company can be classified into three main categories which are textile specialty chemicals; animal health & nutrition products; and home, personal care & performance chemicals. The company has 1,948 different products range under these three categories.
Most of the products of the company are manufactured in-house. It has a manufacturing unit located at Silvassa, Dadra & Nagar Haveli with an installed capacity of 100,000 MTPA. The company is also setting up a manufacturing unit at Dahej in Gujarat with an installed capacity of 132,500 MTPA. Rossari Biotech also has two R&D facilities in Silvassa and Mumbai locations to focus on new product development, formulations, and cost competitiveness. It has more than 194 distributors across India and 27 distributors spread in other 17 countries.
Competitive Strengths
1. Diversified product portfolio
2. Well-known textile specialty chemical manufacturer in India
3. In-house manufacturing unit
4. Strong R&D facility
5. Pan-India distribution network
| IPO Date | Jul 13, 2020 to Jul 15, 2020 |
| Listing Date | Jul 23, 2020 |
| Face Value | ₹2 per share |
| Price | ₹423 to ₹425 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 11,682,033 shares (aggregating up to ₹496.49 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹50.00 Cr) |
| Offer for Sale | 10,500,000 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 2,335,294 (28.57%) |
| NII (HNI) Shares Offered | 1,751,471 (21.43%) |
| Retail Shares Offered | 4,086,765 (50.00%) |
| Total Shares Offered | 8,173,530 |
Rossari Biotech IPO opens on Jul 13, 2020, and closes on Jul 15, 2020.
| Event | Tentative Date |
|---|---|
| Opening Date | Jul 13, 2020 |
| Closing Date | Jul 15, 2020 |
| Basis of Allotment | Jul 20, 2020 |
| Initiation of Refunds | Jul 21, 2020 |
| Credit of Shares to Demat | Jul 22, 2020 |
| Listing Date | Jul 23, 2020 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Rossari Biotech IPO lot size is 35 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,875 |
| Retail (Max) | 13 | 455 | ₹193,375 |
| Lot Size Calculator | |||
Mr. Edward Menezes and Mr. Sunil Chari are the promoters of the company.
| Pre Issue Share Holding | 95.06% |
| Post Issue Share Holding | 73% |
| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 4,715.15 | 2489.45 | 1649.50 | 1308.94 | |
| Total Revenue | 6,038.18 | 5171.24 | 3004.29 | 2605.97 | |
| Profit After Tax | 652.53 | 456.83 | 254.03 | 142.85 | |
The net proceeds of the Fresh Issue, i.e. Gross proceeds of the Fresh Issue less the Offer Expenses apportioned to the Company ("Net Proceeds") are proposed to be utilised in the following manner:
1. Repayment/prepayment of certain indebtedness availed by the Company (including accrued interest);
2. Funding working capital requirements; and
3. General corporate purposes
[Dilip Davda] On the current parameters, the issue appears fully priced. However, considering bright prospects going forward with more than double installed capacity and rising patronage by top clients with long term relations, investors may consider investment for long term rewards. Read detail review...
The Rossari Biotech IPO is subscribed 79.37 times on Jul 15, 2020 5:00:02 PM. The public issue subscribed 7.23 times in the retail category, 85.26 times in the QIB category, and 239.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 85.26 |
| NII | 239.83 |
| Retail | 7.23 |
| Total | 79.37 |
| KPI | Values |
|---|---|
| P/E (x) | 33.81 |
| Market Cap (₹ Cr.) | 2207 |
Rossari Biotech Limited, the largest manufacturer of textile specialty chemicals in India is launching its IPO on 13th July 2020. The issue close date is 15th July 2020. The NRIs are allowed to subscribe to this IPO subject to certain rules and restrictions.
Rules and restrictions for NRI in Rossari Biotech IPO:
| Listing Date | Jul 23, 2020 |
| BSE Script Code | 543213 |
| NSE Symbol | ROSSARI |
| ISIN | INE02A801020 |
| Final Issue Price | ₹425 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹425.00 |
| ₹670.00 |
| ₹663.55 |
| ₹804.00 |
| ₹742.35 |
| NSE |
|---|
| ₹425.00 |
| ₹669.25 |
| ₹664.00 |
| ₹803.10 |
| ₹741.65 |
Rossari Biotech Ltd
201 A - B, 2nd Floor, Akruti Corporate Park,
L.B.S. Marg, next to GE Gardens,
Kanjurmarg (W), Mumbai 400 079, India
Phone: +91-22-6123 3800
Email: info@rossarimail.com
Website: https://www.rossari.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rossaribio.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Rossari Biotech IPO is a main-board IPO of 11,682,033 equity shares of the face value of ₹2 aggregating up to ₹496.49 Crores. The issue is priced at ₹423 to ₹425 per share. The minimum order quantity is 35 Shares.
The IPO opens on Jul 13, 2020, and closes on Jul 15, 2020.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rossari Biotech IPO using UPI as a payment gateway. Zerodha customers can apply in Rossari Biotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rossari Biotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rossari Biotech IPO opens on Jul 13, 2020 and closes on Jul 15, 2020.
Rossari Biotech IPO lot size is 35 Shares and the minimum order quantity is .
You can apply in Rossari Biotech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rossari Biotech IPO will be done on Jul 20, 2020, and the allotted shares will be credited to your demat account by Jul 22, 2020. Check the Rossari Biotech IPO allotment status.
Useful Articles
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|
|
RHP
Top Contributor (300+ Posts, 200+ Likes)
IPO Mentor (900+ Posts, 1000+ Likes)
IPO Guru (1400+ Posts, 5500+ Likes)
