IPO Issue Details
Issue Price / Price Band₹425 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size35 Shares per Lot
Total Issue Size1,16,76,470 shares (aggregating up to ₹496.25 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 13 Jul 2020
Subscription CloseWed, 15 Jul 2020
Anchor AllotmentFri, 10 Jul 2020
Basis of AllotmentMon, 20 Jul 2020
Initiation of RefundsTue, 21 Jul 2020
Credit of Shares to DematWed, 22 Jul 2020
Listing DateThu, 16 Jul 2020
UPI Mandate Deadline2020-07-15
Application & Investment Details
Retail — Min (1 Lots)₹14,875 — 35 shares
Retail — Max (13 Lots)₹193,375 (13 Lots)
HNI — Min (14 Lots)₹2,08,250 — 490 shares
P/E Ratio (Pre-IPO)33.81x
Pre-IPO Promoter Holding5,07,52,920 shares
Post-IPO Promoter Holding5,19,29,390 shares
Fresh Issue Shares11,76,470 shares (aggregating up to ₹50.00 Cr)
Offer for Sale Shares1,05,00,000 shares of ₹2 (aggregating up to ₹446.25 Cr)
About Rossari Biotech Ltd.
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 Strengths1. Diversified product portfolio2. Well-known textile specialty chemical manufacturer in India3. In-house manufacturing unit4. Strong R&D facility5. Pan-India distribution network
Objects of the Issue
Rossari Biotech Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/prepayment of certain indebtedness availed by our Company (including accrued interest)
65.00
2
2 Funding working capital requirements
50.00
3
3 General corporate purposes
28.74
Shareholding & Lock-in
Pre-IPO Promoter Holding
5,07,52,920 shares
Post-IPO Promoter Holding
5,19,29,390 shares
Lock-in Period (30%)August 19, 2020
Lock-in Period (50%)October 18, 2020