Rossari Biotech IPO allotment is out now.
The equity shares received in the allotment are expected to be credited to DP accounts on July 22 and the listing of shares is likely to take place on July 23, 2020.
The Rs. 496 Cr. IPO consists a fresh issue of Rs. 50 Cr. & an offer for sale of 1.05 crore number of equity shares by promoters Mr. Edward Menezes and Mr. Sunil Chari. Promoters and promoter group’s shareholding in the company will be reduced to 72.69% post issue vs 95.06% earlier.