- Tue. Jan 25th, 2022
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+
- Silvassa (Dadra & Nagar Haveli)
- 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:
- Mr. Edward Menezes
- 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
- Repayment or Prepayment of Loan with Interest.
- To Fulfilment of Working Capital Requirement.
- General Routine Corporate Purpose
Detailed Overview of Rossari Biotech Limited IPO and Companies Performance
Past Financial Performance
| Particulars | For the period ended (Rupees in Million) | ||||
|---|---|---|---|---|---|
| 31-March-20 | 31-March-19 | 31-March-18 | 31-March-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 | |
IPO Details
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 |
IPO Timings
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 |
Lot Size & Retail Portion
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
Promoter's Holding
Rossari Biotech IPO Pre & Post Promoters Holding
Pre-Issue Share Holding |
95.06% |
Post Issue Share Holding |
73.00% |
Registrar & Lead Manager
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
- Axis Bank Limited
- 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
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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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One thought on “Rossari Biotech – IPO Review”
Nice Starting of This Forum, as chittorgarh is showing too much adds and too much unnecessary information