Rossari Biotech Ltd is coming up with the IPO opening on July 13, 2020 and closing on July 15, 2020. The Price Band for Rossari Biotech IPO is fixed at Rs.423 -425 per equity share with a face value of Rs.2 per equity share. The minimum lot size is 35 shares.
Rossari Biotech Limited is a leading manufacturer of specialty chemicals providing solutions for textiles, animal and poultry feed and FMCG Industries. The Company has a wide range of 1948 products which can be classified in broadly 3 categories i.e textile specialty chemicals, animal and poultry nutrition and home, personal care and performance products.
The Company has a capacity of 100,000 MTPA in its plants at Silvassa and Dadra and Nagar Haveli. Another plant is coming up at Dahej, Gujrat which will increase capacity to 132,500 MTPA. Incorporated in 2009, companies has its footprints across India through its 194 distributors. Another 27 distributors are there in 17 countries like Vietnam, Bangladesh
The R&D facilities at Mumbai and Silvassa works towards development of new products, formulations and building cost competitiveness of the company products.
Mr. Edward Menezes and Mr. Sunil Chari are the promoters of the company.
Company Financials:
| Particulars | For the year/period ended (₹ in Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-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 | |
Rossari Biotech IPO Snapshot
| Issue Open | July 13, 2020 to July 15, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 11,682,033 Eq Shares of ₹2 (aggregating up to ₹496.49 Cr) |
| Face Value | ₹2 Per Equity Share |
| Issue Price | ₹423 to ₹425 Per Equity Share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, NSE |
| Market Cap |
Rs. 2204 crs |
| Date for Finalization of Basis of Allotment | July 20, 2020 |
| Date for Initiation of Refunds | July 21, 2020 |
| Date for Credit of Shares to Demat Acct | July 21, 2020 |
| IPO Shares Listing Date | July 23, 2020 |
The book running lead managers to the issue are Axis Banks Limited and ICICI Securities Limited.