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Rossari Biotech Ltd - IPO Review

IPO Open
13-15 July

Price Band
Rs. 423 - Rs. 425

IPO Review
Subscribe : 4/5

IPO gMP
+ Rs. 98

Rossari Biotech Ltd – IPO Review : Rossari Biotech Limited is a producer of textiles and textiles products specialise chemical. In addition Rossari Biotech Serves Customised Solution to other Segment like Animal feed/food, Fast Moving Consumer Goods Industries by proving various Diversified and specialist product portfolio. Rossari Biotech Limited Having Total Network in 18+ Country. However they are operating in large scale from India.

According to Frost and Sullivan Report published on September 2019, Rossari Biotech Limited is the largest textile specialist chemical manufacturer in India. The Frontline business of the company can be classified into three main categories which are textile specialty chemicals; animal health & nutrition products; and personal care & performance chemicals. The company has 1948+ different products range under these three categories.

Almost all Production of the Company are in house. Company has Manufacturing unit at+

  1. Silvassa (Dadra & Nagar Haveli)
  2. Dahej (Gujarat) (Currently Setting up)

Company has Two Research and Development Department one in Silvassa and other in Mumbai.

Currently Company is running with 194+ Distributors across India.

Company Promoter’s Details:

  1. Mr. Edward Menezes
  2. Mr. Sunil Chari

Object of the Initial Public Offer:

as per HRP Rossari Biotech Limited IPO Object is to Utilise Net Proceed of Fund in Following Sequence

  1. Repayment or Prepayment of Loan with Interest.
  2. To Fulfilment of Working Capital Requirement.
  3. General Routine Corporate Purpose

Detailed Overview of Rossari Biotech Limited IPO and Companies Performance

ParticularsFor the period ended (Rupees in Million)
 31-March-2031-March-1931-March-1831-March-17
Total Assets4,715.152489.451649.501308.94
Total Revenue6,038.185171.243004.292605.97
Profit After Tax652.53456.83254.03142.85

 

Rossari Biotech Limited IPO Details

IPO Date
July 13, 2020 – July 15, 2020
Issue Type
Book Built
Issue Size
11,682,033 Eq Shares of Rs.2 – Face Value
(Aggregating up to Rs.496.486 Crore)
Fresh Issue
Rs. 50 Crore
Offer for Sale
Rs. 446.486 Crore
Face Value
Rs. 2 Per Equity Share
IPO Price
Rs. 423 to  Rs. 425 Per Equity Share
Market Lot
35 Shares
Min Order Quantity
35 Shares
Listing At
NSE + BSE
P/E (Times)
33.81
Market Cap (Rupees in Crore)
2207

Rossari Biotech Limited IPO Date – Time Table

IPO Application Receiving Start From – IPO Open
July 13, 2020
IPO Application Receiving Stop at – IPO Closed
July 15, 2020
Finalisation of Basis of IPO Allotment
July 20, 2020
Refunds for Non-allotment
July 21, 2020
Credit of IPO Shares in DEMAT
July 22, 2020
Listing of IPO in Stock Exhange
July 23, 2020

 

Rossari Biotech IPO Retail Portion Details

QIB : 50%

NII : 15%

RII : 35%

 

Retail Application Lot Size

Minimum 1 Lot : 35 Shares @Rs. 425 = Rs. 14875

Maximum 13 Lot(s) : 455 Shares @Rs. 425 = 193375

Rossari Biotech IPO Pre & Post Promoters Holding

Pre-Issue Share Holding
95.06%
Post Issue Share Holding
73.00%

Rossari Biotech Limited IPO Registrar

Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Contact: 00-22-4918 6270 Email: rossaribio.ipo@linkintime.co.in Website: http://www.linkintime.co.in

Rossari Biotech Limited IPO Lead Manager

  1. Axis Bank Limited
  2. ICICI Securities Limited

IPO Price Analysis & Comparison of Valuation

IPO Valuation Parameters (at Upper Band IPO Valued at):

Earnings Per Share (EPS)
Price Earnings Ratio (PE)
Return on Net Worth (RoNW)
Net Asset Value (NAV)
13.23
32.12
31.79%
56.48

Price Valuation of Peers Companies Listed on Exchange:

Company Name
Face Value
EPS
PE Ratio
RoNW (%)
NAV
Rossari Biotech Ltd
2
13.23
32.12
31.79%
56.48
Aarti Industries Ltd
5
60.39
25.90
18.11%
313.23
Vinati Organics Ltd
2
54.97
35.48
26.87%
204.56
Atul Limited
10
144.51
27.75
16.18%
892.35
Galaxy Surfactants Ltd
10
53.87
25.76
21.78%
247.28

Rossari Biotech IPO Review

Rossari Biotech Limited IPO Review : By www.iporeview.in
4/5

Rossari Biotech IPO Subscription (Live)

IPO Allotment Status

Basis of Allotment

Finalisation of Basis of Allotment of Rossari Biotech IPO is on 20th July, 2020 (Please wait for Update)

Allotment Status

Allotment Status of Rossari Biotech IPO is on 20th July, 2020 (Please wait for Update)

IPO Listing Price Expectation & Debut Details

Expected Listing Price

0
Gain +98

IPO Price : Rs. 425

Expected Return on Listing : 23.05%

IPO Listing Day Opening Price (Actual)

0
Gain +/-

Listing Debut at: Rs. 679

Listing Day : Low Rs. 664 || High Rs. 803

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