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Rossari Biotech Ltd IPO (Rossari Biotech IPO) Detail

July 13, 2020 - July 15, 2020

Rossari Biotech IPO is a book built issue of Rs 496.49 crores. The issue comprises of fresh issue of Rs 50.00 crore and offer for sale of 1.05 crore shares.

Rossari Biotech IPO bidding started from July 13, 2020 and ended on July 15, 2020. The allotment for Rossari Biotech IPO was finalized on Monday, July 20, 2020. The shares got listed on BSE, NSE on July 23, 2020.

Rossari Biotech IPO price band is set at ₹423 to ₹425 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,875.

Axis Bank Limited and ICICI Securities Limited are the book running lead managers of the Rossari Biotech IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Rossari Biotech IPO RHP for detailed information.

Rossari Biotech IPO Details

IPO Date July 13, 2020 to July 15, 2020
Listing Date July 23, 2020
Face Value ₹2 per share
Price Band ₹423 to ₹425 per share
Lot Size 35 Shares
Total Issue Size11,682,033 shares
(aggregating up to ₹496.49 Cr)
Fresh Issue[.] shares
(aggregating up to ₹50.00 Cr)
Offer for Sale10,500,000 shares of ₹2
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Rossari Biotech IPO Reservation

Rossari Biotech IPO offers 8,173,530 shares. 2,335,294 (28.57%) to QIB, 1,751,471 (21.43%) to NII, 4,086,765 (50.00%) to RII. 116,764 RIIs will receive minimum 35 shares and (sNII) and (bNII) will receive minimum 490 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,335,294 (28.57%)NA
NII (HNI) Shares Offered1,751,471 (21.43%)
Retail Shares Offered4,086,765 (50.00%)116,764
Total Shares Offered8,173,530 (100%)

Rossari Biotech IPO Timeline (Tentative Schedule)

Rossari Biotech IPO opens on July 13, 2020, and closes on July 15, 2020.

IPO Open Date Monday, July 13, 2020
IPO Close Date Wednesday, July 15, 2020
Basis of Allotment Monday, July 20, 2020
Initiation of Refunds Tuesday, July 21, 2020
Credit of Shares to Demat Wednesday, July 22, 2020
Listing Date Thursday, July 23, 2020
Cut-off time for UPI mandate confirmation 5 PM on July 15, 2020

Rossari Biotech IPO Lot Size

Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 35 ₹14,875
Retail (Max) 13 455 ₹193,375
Lot Size Calculator

Rossari Biotech IPO Promoter Holding

Mr. Edward Menezes and Mr. Sunil Chari are the promoters of the company.

Share Holding Pre Issue 95.06%
Share Holding Post Issue 73%

About Rossari Biotech Ltd

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

Company Financials

Summary of financial Information (Restated)
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

Key Performance Indicator

The market capitalization of Rossari Biotech IPO is Rs 2207 Cr.

Pre IPO Post IPO
P/E (x) 33.81

Objects of the Issue (Rossari Biotech IPO Objectives)

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

Rossari Biotech IPO Review (May apply)

[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...

Rossari Biotech IPO Subscription Status (Bidding Detail)

The Rossari Biotech IPO is subscribed 79.37 times on July 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)

CategorySubscription (times)

Rossari Biotech IPO for NRI

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:

  • NRIs can apply in IPO using ASBA form.
  • The payment will be accepted only in Indian rupee or freely convertible foreign exchange.
  • Eligible NRIs bidding on a repatriation basis should apply using blue colour Bid cum Application form meant for Non-Residents via the funds from the NRE or FCNR account.
  • Eligible NRIs bidding on a non-repatriation basis should apply using white colour Bid cum Application Form meant for residents via the funds from the NRO account.
  • Bids by Eligible NRIs for a bid amount of less than Rs 200,000 would be considered under the Retail Category and the bid amount exceeding Rs 200,000 would be considered under the Non-Institutional Category for the allocation purpose in the Offer.

Rossari Biotech IPO Investors Portion

  • QIB: Not More than 50% of the offer
  • NII: Not less than 15% of the offer
  • Retail: Not less than 35% of the offer

Rossari Biotech IPO Prospectus

Rossari Biotech IPO Rating

Rating:Rated 3.9 stars
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Rossari Biotech IPO Listing Details

Listing Date July 23, 2020
BSE Script Code 543213
ISIN INE02A801020
Final Issue Price ₹425 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Rossari Biotech Ltd Contact Details

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

Rossari Biotech IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Rossari Biotech IPO - Buy or Not

Rossari Biotech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 12 0 0
Members 0 0 0

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Rossari Biotech IPO FAQs

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 July 13, 2020, and closes on July 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Rossari Biotech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Rossari Biotech IPO opens on July 13, 2020 and closes on July 15, 2020.

Rossari Biotech IPO lot size is 35 Shares, and the minimum amount required is ₹14,875.

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 Monday, July 20, 2020, and the allotted shares will be credited to your demat account by Wednesday, July 22, 2020. Check the Rossari Biotech IPO allotment status.

The Rossari Biotech IPO listing date is on July 23, 2020.
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Rossari Biotech IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



582. kiran mahadev anpat |   Link |  Bookmark |September 19, 2020 10:52:36 PM
Can anybody applied maximum allotments and received any single allotment? Please let me know.
581. kiran mahadev anpat |   Link |  Bookmark |September 19, 2020 10:51:43 PM
Can anybody applied maximum allotments and received any single allotment? Please let me know.
580. No trade |   Link |  Bookmark |August 2, 2020 8:44:13 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sold all allotted shares on listing day.

Now what is the level for re enter for 9 - 12 months holding.
580.1. ipobull |   Link |  Bookmark |August 4, 2020 11:12:26 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
The Re-entry level was Rs. 670 and that is gone. So better take it at 710 if it comes down. Normally, the re-entry level comes 3-4 days after IPO listing for heavily subscribed stocks.
579. dam |   Link |  Bookmark |August 1, 2020 2:20:59 PM
579.1. ankur goel |   Link |  Bookmark |August 4, 2020 7:11:59 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Registrar of the IPO.
578. RAHUL BISWAS |   Link |  Bookmark |August 3, 2020 11:57:23 AM
Amount still blocked. What should I do?
577. Deepak K |   Link |  Bookmark |July 29, 2020 2:51:56 PM
@eagleeye @chem cho what should be its target? And how long shall we keep for it to be achieved?
576. Ramesh Saraf |   Link |  Bookmark |July 27, 2020 9:12:04 AM
Upi mandate from sbi upi not released, how to get released,
Pl help
576.3. Heisenberg |   Link |  Bookmark |July 28, 2020 12:43:19 PM
I wrote to Linkintime, received below reply :
This has reference to your query regarding non-receipt of Refund, in the recently concluded IPO.
Please note that your amount shall be unblocked on or before mandate expiry date i.e.2 August 2020.
P.S. - My application was through UPI
576.4. Aruna kishore |   Link |  Bookmark |July 29, 2020 2:05:50 PM
Same issue here Upi Mandate not unblocked the amount
575. DEEP KATHROTIA |   Link |  Bookmark |July 28, 2020 6:04:18 PM
574. R R Patel |   Link |  Bookmark |July 25, 2020 10:31:13 AM
IPO Mentor IPO Mentor (800+ Posts, 3400+ Likes)
Rossari Biotech:
IPO of the year
Much needed relief in the current tough/bad time.
Sold 95 shares of 3 lots allotted @ avg. 745 and holding 10 shares. Booked 30K profit????????
Intraday purchased 100 @699 & sold @782
8K profit. My first intraday transaction in any script on listing day.
SBI Card still holding....

After blockbuster listing of Rossari Biotech Ltd...... primary market may see some activity.... action....

Upcoming IPOs (most awaited....)
Policy Bazaar
Equitas SFB
Berger King
And many more

Stay invested in blue chip..... quality stocks...
Stay away from Penney stocks....
Have a healthy, wealthy and pleasant life ahead????????
574.1. Common man view |   Link |  Bookmark |July 25, 2020 1:06:16 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
574.2. sonal patel |   Link |  Bookmark |July 26, 2020 3:01:51 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Thank you for your support common man..
573. GoodKeep |   Link |  Bookmark |July 24, 2020 10:18:30 AM
People already dumped their shares. Look at it today. Few buyers <<<< few sellers.
573.2. GoodKeep |   Link |  Bookmark |July 25, 2020 9:40:38 AM
It is noted on this site. :). Anyway, retailers are gone now, Big sharks are looking at PE.
573.3. advocate pramod khandelwal |   Link |  Bookmark |July 26, 2020 9:32:08 AM
572. No trade |   Link |  Bookmark |July 25, 2020 8:44:59 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Level for re enter for long term

571. Aruna kishore |   Link |  Bookmark |July 25, 2020 1:48:40 PM
not allotted, Blocked amount not unblocked till now, I don't know what happened, help me
570. ipobull |   Link |  Bookmark |July 24, 2020 11:33:16 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Eagleye Ma'm, your comments on price expectations on Rossari after 2-3 months.
570.1. Eagleye |   Link |  Bookmark |July 25, 2020 5:03:47 AM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
570.2. ipobull |   Link |  Bookmark |July 25, 2020 1:09:39 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Thanks Ma'm
569. Saccit |   Link |  Bookmark |July 23, 2020 7:40:55 PM
Let the excitement settle down. I will still maintain my opinion that rossari will be available at around Rs 360. I am waiting for the same to happen. Be cautious while investing your money. If you are investing it is your money that is going into market, so just ask yourself whether you are comfortable investing at such steep valuations for stocks like Rossari, Stay patient , wait for right time to strike the buy hammer.
569.3. PatelTrades |   Link |  Bookmark |July 24, 2020 11:26:00 PM
Abe tu to bol raha tha 10%-20% down khulega. Listing ke din kaha bhag gaya tha. 300 nahi 400 me tere se buy karna hai 500 shares. Chal 100 premium tere ko deta hu.
569.4. S K Roy |   Link |  Bookmark |July 25, 2020 7:58:27 AM
360 may not be there, but 500 is on the cards. it is not my view but the experts.
568. Virat Kohli |   Link |  Bookmark |July 24, 2020 12:03:00 PM
FERMENTA BIOTECH available at single digit PE ...............Experts please comment
568.1. Quality Comment |   Link |  Bookmark |July 24, 2020 6:59:47 PM
Har Dhoti pahenane wala Gandhi nahi hota aisa hi har biotech rossari biotech nahi hota.
567. madhusudhana p |   Link |  Bookmark |July 24, 2020 6:57:13 PM
chapter close by selling today two lots with 750.
566. Jaymin bhatt |   Link |  Bookmark |July 24, 2020 4:06:20 PM (200+ Posts, 100+ Likes)
In this ipo 6,16,000 application came and valid applications are 5,27,000 it means 89,000 applications rejected mainly due to new guidelines of Sebi like upi and other sense less or you say mindless ideas of our great regulator.
These applications are mainly from elderly investors who are not digital friendly.I am filing RTI for this and update in press and this group, if there is no change I will file PIL. Whom ever want to join this movement please massage Me.
566.1. Jaymin bhatt |   Link |  Bookmark |July 24, 2020 4:29:01 PM (200+ Posts, 100+ Likes)
Dear anuj, I wrote this post behalf of You where are you ? We have to fight with these please come...
565. Heisenberg |   Link |  Bookmark |July 24, 2020 2:35:19 PM
Linkintime was always been worst and will remain worst. Still money is blocked. Pathetic and corrupt.
564. Mayur verma |   Link |  Bookmark |July 24, 2020 12:09:16 PM
Didnt get allotment... But my hold amount is not yet released. When can i expect it? What to do and where to complain..?
563. Virat Kohli |   Link |  Bookmark |July 24, 2020 12:06:06 PM
FERMENTA BIOTECH availabe at single digit PE ...... experts please share their opinion