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
Mr. Edward Menezes and Mr. Sunil Chari are the promoters of the company.
| 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 | |
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
| IPO Date | Jul 13, 2020 - Jul 15, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 11,682,033 Eq Shares of ₹2 (aggregating up to ₹496.49 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating up to ₹50.00 Cr) |
| Offer for Sale | 10,500,000 Eq Shares of ₹2 (aggregating up to ₹[.] Cr) |
| Face Value | ₹2 per equity share |
| IPO Price | ₹423 to ₹425 per equity share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, NSE |
| P/E (x) | 33.81 |
| Market Cap (₹ Cr.) | 2207 |
| Bid/Offer Opens On | Jul 13, 2020 |
| Bid/Offer Closes On | Jul 15, 2020 |
| Finalisation of Basis of Allotment | Jul 20, 2020 |
| Initiation of Refunds | Jul 21, 2020 |
| Credit of Shares to Demat Acct | Jul 22, 2020 |
| IPO Shares Listing Date | Jul 23, 2020 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 35 | ₹14,875 |
| Maximum | 13 | 455 | ₹193,375 |
| Pre Issue Share Holding | 95.06% |
| Post Issue Share Holding | 73% |
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:
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 |
| Listing Date | Thursday, July 23, 2020 |
| BSE Script Code | 543213 |
| NSE Symbol | ROSSARI |
| Listing In | B |
| ISIN | INE02A801020 |
| IPO Price | ₹425 per equity share |
| Face Value | ₹2 per equity share |
|
|
|
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
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 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.
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 35 Shares.
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.
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