Back

Rossari Biotech Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹425
Per Share
GMP
NIL
Grey Market
Est. Listing
₹425
Expected Price
Min. Application
₹29,750
2 lots × 35 shares
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
Check AllotmentCheck Status →
Rossari Biotech Ltd. — Live Price LIVE
₹425.00
INR · BSE
Fetching live data…
VS Issue Price
OPEN
HIGH
LOW
MKT CAP
P/E
52W HIGH
52W LOW
VOLUME
DIVIDEND
DIV YIELD
Loading chart…
Chart Not Available
Rossari Biotech Ltd. is not yet listed on Yahoo Finance or has a different ticker symbol.
Try again after listing stabilises (2-3 trading days).
Issue ₹425.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹425
GMPNIL
Est. Listing₹425
Lot Size35 shares
Min Amount₹29,750
Listing Date16 Jul 2020
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹425
Listing Date16 Jul 2020
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 11,676,470 100.00% ₹496.25 Cr
* Based on ₹425.00 (upper price band)
Lot Size & Investment Details
Lot Size
35
Shares
Issue Price
₹425.00
Per Share
Min Investment
₹14,875
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 35 ₹14,875
Retail (Max) 13 455 ₹193,375
sNII (Min) 14 490 ₹208,250
bNII (Min) 68 2,380 ₹1,011,500
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31-Mar-2031-Mar-1931-Mar-18
Revenue from Operations 603.82 517.12 300.43
EBITDA N/A N/A N/A
Profit After Tax (PAT) 65.25 45.68 25.40
Net Worth N/A N/A N/A
Total Assets 471.52 248.95 164.95
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹425
Face Value ₹2 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Rossari Biotech Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹2 Per Share
Script Code
N/A
Address
201 A - B, 2nd Floor, Akruti Corporate Park, L.B.S. Marg, next to GE Gardens, Kanjurmarg (W), Mumbai 400 079, India Mumbai, Maharashtra
Book Running Lead Managers
Axis Capital Ltd.
Book Running Lead Manager (BRLM)
ICICI Securities Ltd.
Book Running Lead Manager (BRLM)