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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 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

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

Rossari Biotech IPO Date Jul 13, 2020 to Jul 15, 2020
Rossari Biotech IPO Face Value ₹2 per share
Rossari Biotech IPO Price ₹423 to ₹425 per share
Rossari Biotech IPO Lot Size 35 Shares
Issue Size11,682,033 shares of ₹2
(aggregating up to ₹496.49 Cr)
Fresh Issue[.] shares of ₹2
(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
P/E (x)33.81
Market Cap (₹ Cr.)2207
Company Promoters

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

Rossari Biotech IPO Timeline (Tentative Timetable)

Rossari Biotech IPO opens on Jul 13, 2020, and closes on Jul 15, 2020. The Rossari Biotech IPO bid date is from Jul 13, 2020 10.00 A.M. to Jul 15, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Rossari Biotech IPO Opening Date Jul 13, 2020
Rossari Biotech IPO 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
Rossari Biotech IPO Listing Date Jul 23, 2020

Rossari Biotech IPO Lot Size

The Rossari Biotech IPO lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹193,375).

Application Lots Shares Amount
Minimum 1 35 ₹14,875
Maximum 13 455 ₹193,375

Rossari Biotech IPO Promoter Holding

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

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 Review

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...

New Rossari Biotech IPO Recommendation by Members

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Rossari Biotech IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB85.26
NII239.83
Retail7.23
Total79.37

Rossari Biotech IPO Prospectus

Rossari Biotech IPO Rating

1146
3.9
Rating:Rated 3.9 stars
Vote Here ...

Rossari Biotech IPO Listing Date

Listing Date Thursday, July 23, 2020
BSE Script Code 543213
NSE Symbol ROSSARI
Listing In B Group of Securities
ISIN INE02A801020
IPO Price ₹425 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

Rossari Biotech IPO Registrar

Link Intime India Private Ltd

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

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 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

  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 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, Edelweiss, 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.

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

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1047 Comments

582. kiran mahadev anpat |   Link |Sep 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 |Sep 19, 2020 10:51:43 PM
Can anybody applied maximum allotments and received any single allotment? Please let me know.
580. No trade |   Link |Aug 2, 2020 8:44:13 PM
Sold all allotted shares on listing day.

Now what is the level for re enter for 9 - 12 months holding.
580.1. ipobull |   Link |Aug 4, 2020 11:12:26 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ 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 |Aug 1, 2020 2:20:59 PM
MR ACCOUNT GOT DEBITED MORE THAN IPO ALLOTED. WHERE TO SUBMIT COMPLIANT.
579.1. ankur goel |   Link |Aug 4, 2020 7:11:59 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Registrar of the IPO.
578. RAHUL BISWAS |   Link |Aug 3, 2020 11:57:23 AM
Amount still blocked. What should I do?
577. Deepak K |   Link |Jul 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 |Jul 27, 2020 9:12:04 AM
Upi mandate from sbi upi not released, how to get released,
Pl help
576.3. Heisenberg |   Link |Jul 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 |Jul 29, 2020 2:05:50 PM
Same issue here Upi Mandate not unblocked the amount
575. DEEP KATHROTIA |   Link |Jul 28, 2020 6:04:18 PM
LONG TERM TARGET???
574. R R Patel |   Link |Jul 25, 2020 10:31:13 AM
IPO Mentor IPO Mentor (800+ Posts, 3300+ 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????????
574.1. Common man view |   Link |Jul 25, 2020 1:06:16 PM
@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...
574.2. sonal patel |   Link |Jul 26, 2020 3:01:51 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
Thank you for your support common man..
573. GoodKeep |   Link |Jul 24, 2020 10:18:30 AM
People already dumped their shares. Look at it today. Few buyers <<<< few sellers.
573.2. GoodKeep |   Link |Jul 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 |Jul 26, 2020 9:32:08 AM
LOL
572. No trade |   Link |Jul 25, 2020 8:44:59 PM
Level for re enter for long term

Thanks.
571. Aruna kishore |   Link |Jul 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 |Jul 24, 2020 11:33:16 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Eagleye Ma'm, your comments on price expectations on Rossari after 2-3 months.
570.1. Eagleye |   Link |Jul 25, 2020 5:03:47 AM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
1100+
570.2. ipobull |   Link |Jul 25, 2020 1:09:39 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Thanks Ma'm
569. Saccit |   Link |Jul 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 |Jul 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 |Jul 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 |Jul 24, 2020 12:03:00 PM
FERMENTA BIOTECH available at single digit PE ...............Experts please comment
568.1. Quality Comment |   Link |Jul 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 |Jul 24, 2020 6:57:13 PM
chapter close by selling today two lots with 750.
566. Jaymin bhatt |   Link |Jul 24, 2020 4:06:20 PM
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
566.1. Jaymin bhatt |   Link |Jul 24, 2020 4:29:01 PM
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...
565. Heisenberg |   Link |Jul 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 |Jul 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 |Jul 24, 2020 12:06:06 PM
FERMENTA BIOTECH availabe at single digit PE ...... experts please share their opinion