Rossari Biotech Ltd IPO (Rossari Biotech IPO) Detail

Jul 13, 2020 - Jul 15, 2020

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 Promoters:

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

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ 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

Objects of the Issue:

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 Details

IPO DateJul 13, 2020 - Jul 15, 2020
Issue TypeBook Built Issue IPO
Issue Size11,682,033 Eq Shares of ₹2
(aggregating up to ₹496.49 Cr)
Fresh Issue[.] Eq Shares of ₹2
(aggregating up to ₹50.00 Cr)
Offer for Sale10,500,000 Eq Shares of ₹2
(aggregating up to ₹[.] Cr)
Face Value₹2 per equity share
IPO Price₹423 to ₹425 per equity share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE
P/E (x)33.81
Market Cap (₹ Cr.)2207

Rossari Biotech IPO Tentative Date / Timetable

Bid/Offer Opens OnJul 13, 2020
Bid/Offer Closes OnJul 15, 2020
Finalisation of Basis of AllotmentJul 20, 2020
Initiation of RefundsJul 21, 2020
Credit of Shares to Demat AcctJul 22, 2020
IPO Shares Listing DateJul 23, 2020

Rossari Biotech IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum135₹14,875
Maximum13455₹193,375

Rossari Biotech IPO Promoter Holding

Pre Issue Share Holding95.06%
Post Issue Share Holding73%

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 ₹200,000 would be considered under the Retail Category and the bid amount exceeding ₹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 Subscription Status (Bidding Detail)

Rossari Biotech IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

2,335,294

1,751,471

4,086,765

8,173,530

Jul 15, 2020 17:00

85.26x

239.83x

7.23x

79.37x

Rossari Biotech IPO Prospectus

Rossari Biotech IPO Rating

1146
3.9
Rating:Rated 3.9 stars

Vote Here ...

Rossari Biotech IPO Listing Date

Listing DateThursday, July 23, 2020
BSE Script Code543213
NSE SymbolROSSARI
Listing InB
ISININE02A801020
IPO Price₹425 per equity share
Face Value₹2 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹425.00
₹670.00
₹663.55
₹804.00
₹742.35
3,026,796
NSE
₹425.00
₹669.25
₹664.00
₹803.10
₹741.65
35,781,623

Rossari Biotech IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: rossaribio.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Rossari Biotech IPO FAQs

  1. What is Rossari Biotech IPO?

    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 equity 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.

  2. How to apply in Rossari Biotech IPO through Zerodha?

    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.

  3. When Rossari Biotech IPO will open?

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

  4. What is the lot size of Rossari Biotech IPO?

    Rossari Biotech IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

  5. How to apply for Rossari Biotech IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Rossari Biotech IPO allotment?

    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.

  7. When is Rossari Biotech IPO listing date?

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

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Rossari Biotech IPO Review / Comments

No trade
581. No trade  Aug 2, 2020 20:44 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Sold all allotted shares on listing day.

Now what is the level for re enter for 9 - 12 months holding.
ipobull
581.1. ipobull  Aug 4, 2020 23:12 I Like It. | I Don't Like It. | Report Abuse
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.
dam
580. dam  Aug 1, 2020 14:21 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
MR ACCOUNT GOT DEBITED MORE THAN IPO ALLOTED. WHERE TO SUBMIT COMPLIANT.
ankur goel
580.1. ankur goel  Aug 4, 2020 19:11 I Like It. | I Don't Like It. | Report Abuse
Registrar of the IPO.
RAHUL BISWAS
579. RAHUL BISWAS  Aug 3, 2020 11:57 I Like It. | I Don't Like It. | Report Abuse Reply
Amount still blocked. What should I do?
Deepak K
578. Deepak K  Jul 29, 2020 14:51 I Like It. | I Don't Like It. | Report Abuse Reply
@eagleeye @chem cho what should be its target? And how long shall we keep for it to be achieved?
Ramesh Saraf
577. Ramesh Saraf  Jul 27, 2020 09:12 I Like It. | I Don't Like It. | Report Abuse Reply
Upi mandate from sbi upi not released, how to get released,
Pl help
Heisenberg
577.3. Heisenberg  Jul 28, 2020 12:43 I Like It. | I Don't Like It. | Report Abuse
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
Aruna kishore
577.4. Aruna kishore  Jul 29, 2020 14:05 I Like It. | I Don't Like It. | Report Abuse
Same issue here Upi Mandate not unblocked the amount
DEEP KATHROTIA
576. DEEP KATHROTIA  Jul 28, 2020 18:04 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
LONG TERM TARGET???
R R Patel
575. R R Patel  Jul 25, 2020 10:31 I Like It. 3 | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 3200+ 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....)
LIC
NSE
CAMS
UTI AMC
Policy Bazaar
Equitas SFB
Berger King
NCDEX
Easemytrip
And many more

Stay invested in blue chip..... quality stocks...
Stay away from Penney stocks....
Have a healthy, wealthy and pleasant life ahead👍👍
Common man view
575.1. Common man view  Jul 25, 2020 13:06 I Like It. 3 | I Don't Like It. | Report Abuse
@R R PATEL
THANKS FOR VALUABLE INFORMATION IN THIS GROUP......
WE ALWAYS TAKE YOUR QUOTE SERIOUSLY....
YOU.UCHIT PATEL...ANIKETIAF...EAGLEEYE...CHEM CHO...SONAL PATEL..,..RAJKUMAR.ARE GEMS IN THIS PLATFORM...
sonal patel
575.2. sonal patel  Jul 26, 2020 15:01 I Like It. | I Don't Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
Thank you for your support common man..
GoodKeep
574. GoodKeep  Jul 24, 2020 10:18 I Like It. | I Don't Like It. 3 | Report Abuse Reply
New Member New Member
People already dumped their shares. Look at it today. Few buyers <<<< few sellers.
GoodKeep
574.2. GoodKeep  Jul 25, 2020 09:40 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
It is noted on this site. :). Anyway, retailers are gone now, Big sharks are looking at PE.
advocate pramod khandelwal
574.3. advocate pramod khandelwal  Jul 26, 2020 09:32 I Like It. | I Don't Like It. | Report Abuse
LOL
No trade
573. No trade  Jul 25, 2020 20:45 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Level for re enter for long term

Thanks.
Aruna kishore
572. Aruna kishore  Jul 25, 2020 13:48 I Like It. | I Don't Like It. | Report Abuse Reply
not allotted, Blocked amount not unblocked till now, I don't know what happened, help me
ipobull
571. ipobull  Jul 24, 2020 23:33 I Like It. | I Don't Like It. | Report Abuse Reply
Eagleye Ma'm, your comments on price expectations on Rossari after 2-3 months.
Eagleye
571.1. Eagleye  Jul 25, 2020 05:03 I Like It. 9 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (5200+ Posts, 18000+ Likes)
1100+
ipobull
571.2. ipobull  Jul 25, 2020 13:09 I Like It. | I Don't Like It. | Report Abuse
Thanks Ma'm
Saccit
570. Saccit  Jul 23, 2020 19:40 I Like It. | I Don't Like It. 9 | Report Abuse Reply
New Member New Member
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.
PatelTrades
570.3. PatelTrades  Jul 24, 2020 23:26 I Like It. | I Don't Like It. | Report Abuse
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.
S K Roy
570.4. S K Roy  Jul 25, 2020 07:58 I Like It. | I Don't Like It. | Report Abuse
360 may not be there, but 500 is on the cards. it is not my view but the experts.
Virat Kohli
569. Virat Kohli  Jul 24, 2020 12:03 I Like It. | I Don't Like It. 1 | Report Abuse Reply
FERMENTA BIOTECH available at single digit PE ...............Experts please comment
Quality Comment
569.1. Quality Comment  Jul 24, 2020 18:59 I Like It. 4 | I Don't Like It. | Report Abuse
Har Dhoti pahenane wala Gandhi nahi hota aisa hi har biotech rossari biotech nahi hota.
madhusudhana p
568. madhusudhana p  Jul 24, 2020 18:57 I Like It. 1 | I Don't Like It. | Report Abuse Reply
chapter close by selling today two lots with 750.
Jaymin bhatt
567. Jaymin bhatt  Jul 24, 2020 16:06 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (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.
Thanks
Anuj
Jaymin bhatt
567.1. Jaymin bhatt  Jul 24, 2020 16:29 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Dear anuj, I wrote this post behalf of You where are you ? We have to fight with these please come...
Heisenberg
566. Heisenberg  Jul 24, 2020 14:35 I Like It. | I Don't Like It. | Report Abuse Reply
Linkintime was always been worst and will remain worst. Still money is blocked. Pathetic and corrupt.
Mayur verma
565. Mayur verma  Jul 24, 2020 12:09 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Didnt get allotment... But my hold amount is not yet released. When can i expect it? What to do and where to complain..?
Virat Kohli
564. Virat Kohli  Jul 24, 2020 12:06 I Like It. | I Don't Like It. 1 | Report Abuse Reply
FERMENTA BIOTECH availabe at single digit PE ...... experts please share their opinion
NRI Investor
563. NRI Investor  Jul 24, 2020 10:51 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Looking very strong in weak market today...

Buy and Hold from Current levels with S/L of 713 and Target of 850+ with in week time frame.
Ipo....
562. Ipo....  Jul 23, 2020 23:49 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Goldman Sachs India on July 23
acquired an additional 0.92 percent stake in specialty chemical maker Rossari Biotech via open market
transactions. It bought 4,81,443 equity shares in the company at Rs 692.17.....

What should be the strategy now guys...it is indicating strong support near 700 i feel .....
Ipo....
562.1. Ipo....  Jul 24, 2020 00:08 I Like It. | I Don't Like It. | Report Abuse
Earlier, it had bought 1,95,271 equity shares at an issue price of Rs 425 through the anchor book on June 10...
Now more than double qty at a premium of 267 over issue price is showing his bullishness over this stock....
Vibhor Saxena
562.2. Vibhor Saxena  Jul 24, 2020 08:50 I Like It. | I Don't Like It. | Report Abuse
Thankx for the update







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