Rossari Biotech IPO

Rossari Biotech IPO

Rossari Biotech incorporated on Aug 10, 2009 is one of the leading specialty chemicals manufacturing companies in India, providing customized solutions to FMCG, apparel, poultry and animal feed industries.  They have diversifies product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals; and animal health and nutrition products. They operate in 17 foreign countries as well. According to the F&S Report, as on September 30, 2019, they are the largest manufacturer of textile specialty chemicals in India. The business of the company can be classified into three main categories which include textile specialty chemicals, animal health & nutrition products and home, personal care category.

They have manufacturing facility on 8.6 acres of land at Silvassa in the Union Territory of Dadra & Nagar Haveli which has an installed capacity of 100,000 MTPA with an additional capacity of 20,000 MTPA in the process of being installed by March 2021 and have 2 R&D facilities, one is Silvassa and another in Mumbai.

They are also currently setting up another manufacturing facility at Dahej in Gujarat with a proposed installed capacity of 132,500 MTPA

Promoters: Mr. Edward Menezes, and Mr. Sunil Chari

They have 194 distributors as on Sep 30, 2019 and 27 distributors at overseas locations.

Strengths:

  • Diversified Products
  • Largest textile specialty chemical manufacturer in India
  • Extensive manufacturing and technical capabilities
  • Strong R&D capabilities
  • Wide sales and distribution network

Objects of the Issue

  1. Repayment/prepayment of certain indebtedness availed by Company (including accrued interest)
  2. Funding working capital requirements and
  3. General corporate purposes.

Financial Summary : Rossari Biotech Limited

   Rs. In Cr
 31.03.202031.03.201931.03.2018
Revenue279.77517.12300.43
Expenses237.03453.73262.96
PAT31.945.6825.4
    
Profit Growth-30%80%78%

Rossari Biotech IPO Details

IPO Detail
Issue DatesJul 13 – Jul 15, 2020
Issue Size (Fresh Issue) Rs. 50 Cr 
Issue Size (Offer for Sale)1,05,00,000 equity Shares
Face ValueRs. 2/- Per Share
Price BandRs. 423 – 425
Min Market Lot35 Shares
Listing PlatformNSE, BSE 
Min Investment Amt (Retail)Rs. 14,875
Max Investment Amt (Retail)Rs. 193,375

Rossari Biotech IPO Schedule

Offer Start DateJul 13, 2020
Offer End DateJul 15, 2020
Finalisation of basis of allotmentJul 20, 2020
Initiation of RefundsJul 21, 2020
Credit of shares to Demat A/cJul 22, 2020
Listing DateJul 23,2020

Rossari Biotech IPO Registrar

Link Intime India Pvt Ltd

C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (W) Mumbai 400 083 Maharashtra India

Phone: +91-22-4918 6200
Email: rossaribio.ipo@Linkintime.com
Website: https://www.linkintime.co.in

Rossari Biotech IPO Lead Manager(s)

Axis Bank Limited

ICICI Securities Limited

Rossari Biotech IPO Subscription Status

Shares Offered23,35,294 (QIB)17,51,471 (NII)40,86,765 (RII)81,73,530 (Total)
DateQIBNIIRIITotal
Jul 15, 2020 (03:20 PM)51.99x206.75x6.58x62.45x
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Sahil Aggarwal
Sahil Aggarwal
July 7, 2020 11:03 pm

Rossari Biotech IPO – Issue Information (Tentative)

Issue Opens on: 13 July 2020
Issue Closes on: 15 July 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,16,76,470 Shares
Face Value: Rs.2/- per Share
Issue Price: Rs.423 – Rs.425 per Share
Market Lot: 35 Shares
Listing At: NSE, BSE

Naveen Kumar
Naveen Kumar
July 7, 2020 11:01 pm

Upcoming IPO Schedule

Yes Bank – 10 July
Rossari Bitech 13-15 July
UTI AMC – Aug 1st week

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