Therefore, the number of shares have gone up from 44 lakh to 2.20 cr. The minimum order quantity is 35 Shares per application and the offer type is Book Built Issue. The Promoters, Mr. Edward Menezes, and Mr. Sunil Chari commenced the specialty chemicals business in 2003, as a partnership firm in the name of ‘Rossari Labtech’ which was subsequently changed to ‘Rossari Biotech’ in 2009 as Company. *Rossari Biotech IPO – Schedule (Tentative)*, 08th July – Announcement of Price Band Rossari Biotech Ltd IPO Details: Issue Open date: 13 th July 2020. (a) Home, Personal care, and Performance chemicals. IPO ; BROKER REVIEWS ; STOCK MARKET ; OPTIONS TRADING ; NRI ACCOUNT ; CITY INFO Zerodha (₹20/Trade) Open Account Upstox (₹0/Trade Eq Delivery) Edelweiss Flat ₹10 per trade Zerodha (₹20/Trade) Open Instant Account Edelweiss Flat ₹10 per trade. The issue is priced at ₹423 to ₹425 per equity share. Any buyer? The ₹ 496-crore IPO of Rossari Biotech was subscribed a whopping 79.37 times. At the upper end of the price band, the offer for sale is estimated at Rs 446.25 crore. IPO Share Listing Date: Jul 23, 2020: IPO Lot Size and Price Detail : Application Lots Shares Amount (Cut-off) Minimum 1: 35 ₹14,875: Maximum 13: 455 ₹193,375: Company Promoters : Mr. Edward Menezes and Mr. Sunil Chari . Oct 26,2020 02:17 PM. At 425 Upper band. An issue price of ₹ 423-Rs 425 has been set for the IPO. The stock hit the upper circuit to ₹804 after hitting a low of ₹663.55 in the early trade. Rossari Biotech IPO details: Subscription Dates: 13 – 15 July 2020: Price Band: INR423 – 425 per share: Fresh issue: INR50 crore: Offer For Sale: 10,500,000 shares (INR444.15 – 446.25 crore) Total IPO size: INR494.15 – 496.25 crore: Minimum bid (lot size) 35 shares: Face Value INR2 per share: Retail Allocation: 35%: Listing On: NSE, BSE A price band of Rs 423-Rs 425 has been set for the Rossari Biotech IPO. Lot Size. The business parks in Mumbai are Mindspace Airoli East Business Park, Mindspace Airoli West Business Park, Paradigm Mindspace Malad and The Square, BKC(2). The Silvassa Manufacturing Facility has flexible manufacturing capabilities for powders, granules, and liquids. amp video_youtube Jul 14 Price target in 14 days: 862.167 INR. Rossari Biotech IPO subscription Open Date Was July 13, 2020 and Closing Date Was July 15, 2020. Investors can bid in lot sizes of 35 shares. Issue Close date: 15 th July 2020. Rossari Biotech IPO Shares Offered. The Silvassa Manufacturing Facility has an installed capacity of 100,000 MTPA with an additional capacity of 20,000 MTPA in the process of being installed by March 2021. They currently manufacture over 100 products for its customers in this category. Currently, Fine Organics is trading at P/E of 35, and Galaxy Surfactants is trading at P/E of 32. Expecting 2022 PAT to be 90 Cr Hence at 2100 MC it’s coming ata PE of 26 X. Rossari Biotech's IPO comprises fresh issuance of shares worth Rs 50 crore and the sale of 1,05,00,000 equity shares by the company's promoters through offer-for-sale route. so we should support also. Rossari Biotech IPO Listing Price… By: Surbhi Jain | December 16, 2020 3:58 PM. let's do a three-point analysis to find out. a) 50% of Rossari Biotech sales are coming from the Textile Specialty Chemicals(TSC) used in the Textile Sector. Rossari Biotech IPO — 40 scientists, China, and other factors that make the share sale hot Barbeque Nation IPO must be priced the same way as its menu —value for money NIFTY: 11250.55-254.40 (-2.21 %) SENSEX: 38034.14-811.68 (-2.09 %) Support Center. Rossari Biotech Ltd – Promoter Holding (Pre & Post IPO) This IPO would be a mix between fresh issue of capital and offer for sale. Rossari Biotech Ltd Stock/Share prices, Charts and Discussion Forum, Experts & Broker view on Rossari Biotech Ltd buy sell tips. NEW DELHI: If one were to go by the signals from the grey market, shares of Rossari Biotech could debut on the stock exchanges in the Rs 575-Rs 605 range on Thursday, a 37-42 per cent premium over its issue price of Rs 425. Minimum lot size: 35. Rossari Biotech IPO Subscription Details as on (15 July 5:00 pm) The minimum order quantity is 35 Shares. The future construction of Mindspace Business is spread across Hyderabad, Chennai, and Mumbai in a 3.6 m sq ft area. ◼️ Experienced management team with KRC group support In the given price band, one lot will cost Rs 14,805-14,875. Rossari Biotech has received 79.4 times the demand of shares on offer in its initial public offering (IPO), on Wednesday, which is the last day of the issue. Price range for Rossari Biotech IPO has been fixed at Rs 423-425 per share. Face Value = Rs 2. The Subject to Sauda price for Rossari Biotech Ltd IPO is Rs.3100 - 3200. Rossari Biotech IPO details. What likely to be Cut Off price of Yes Bank FPO? nothing left on the table : fully priced ; wait for post listing : price may drop below I p o price . The under-construction area of the company is 2.8 m sq ft. As per DRHP, the peers are Galaxy Surfactants, Fine Organics, Vinati organics, Atul Limited, and Aarti Industries. The IPO opens on Jul 13, 2020 and closes on Jul 15, 2020. Rossari Biotech surges 18% in 2 days after Plutus Wealth acquires stake Financial stocks lift indices, Sensex gains 364 pts; Nifty ends at 11,466 Rossari Biotech makes strong debut; share price jumps 64% over issue price More News > 50 crore and an offer for sale (OFS) of up to 1.05 crore by the promoters, in the price band of Rs. Rossari Biotech IPO Valuations. The company has fixed the price band of Rs 423-425 per share for its IPO with the face value of Rs 2 per share to be listed on NSE and BSE. The company has withdrawn its red herring prospectus available on the National Stock Exchange. Issue Closes on: 15 July 2020, 8th July (Wednesday) & 9th July (Thursday), Listing – On or around 23rd July One lot, of 35 shares, costs Rs14,805-14875. Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. The Rs 500-cr Rossari Biotech IPO hit the stock markets on 13 th Jul 2020 at a price band of Rs 423-425 per share. IPO Price: Rs. Hence If U want to Enter in chemical space into a New Company this look at good Players at a Good Growth in Revenue, exporting to Many Countries . The IPO opens on Jul 13, 2020, and closes on Jul 15, 2020.. Link Intime India Private Ltd is the registrar for the IPO. know more, Click here to login/signup to join the discussion*, ⭐⭐⭐⭐⭐ Most Influential Member (2955 Posts). Investors will be able to apply for Rossari Biotech shares in multiples of 35 shares. Rossari Biotech IPO is a public issue of 8173530 equity shares. 423-425 per share. The price band of the IPO is Rs 423 to Rs 425 per shares while the face value of the superspeciality chemical firm IPO is Rs 2. 3. One lot, of 35 shares, costs Rs14,805-14875. Post the IPO, the promoter shareholding will fall to 73 per cent from 95 per cent earlier. PAT of FY 20 = 65 cr EPS = 12.80 P/E = 33 The IPO looks fully priced as compared to listed peers. The size of IPO us 496 Cr. MUMBAI: Specialty chemicals manufacturer Rossari Biotech Limited will launch its initial public offering (IPO) on 13 July with a price band of ₹ 423- ₹ 425 per share. Rossari Biotech Q2 PAT at Rs20.7cr; stock down 1%. Specialty chemicals manufacturer Rossari Biotech is launching its initial public offering (IPO) on Monday with a price band of Rs 423-425 per equity share. Rossari Biotech is one of the leading specialty chemical manufacturing companies in India based on sales for Fiscal 2019. Rossari Biotech's initial share sale has ended four months of inactivity in India’s IPO market. The properties in the Pune include Commerzone Yerwada Business Park, Gera Commerzone Kharadi Business Park and The Square, Nagar Road. A Team with enough knowledge of ipo industry and stock market. If full subcribe,u will got only 1 lot insted of 5 or 7 lot. Earnings Per Share (EPS) = Rs 13.23 PE Ratio = 31.97 – 32.12 (Approx). 423 to Rs. Why….. Is registrar of this ipo is bigshare or linkintime? Also Read: Here's how you can apply for IPO, both online and offline A few brokerages raised concerns over the company's near-term future, meanwhile most of them remained bullish about the issue given it's primary business of specialty chemicals and HPPC (home and personal care) segment. Revenue contribution from different business: (a) Home, Personal care, and Performance chemicals = 37.81%, (c) Animal health and nutrition products = 10%. They manufacture the majority of the products in-house from its manufacturing facility at Silvassa in the Union Territory of Dadra & Nagar Haveli. The home care ingredients comprise of ingredients which are used in the manufacturing of home care products such as floor cleaners, detergents, toiletries, etc. Shares can be purchased in multiples of 35. Please reply, Issue Size: *₹496 cr* (at upper end of price band), _*IPO closes on Wednesday, 15th July, 2020*_. Profit Expected to be 65 Cr as on FY 20. Baba Ramdev 150 days ago. Check Business Breaking News Live on Zee Business Twitter and Facebook. We are amongst India’s leading textile and specialty chemical manufacturers based on sales of fiscal 2019 with over a decade history of innovative, agile, and rapid growth. Rossari Biotech price band is fixed at Rs 423-425 per equity share. Equity shares offered: 10.5 Lakh. *15th July – Offer Closes*, 20th July – Finalisation of Basis of Allotment, 22nd July – Credit of Equity Shares to Depository Accounts, *23rd July – Commencement of Trading on NSE/BSE*, *Rossari Biotech IPO – Issue Information (Tentative)*, Issue Opens on: 13 July 2020 Mumbai-based Rossari is a manufacturer of textile and specialty chemicals. We all know the Indian textile sector is going through a tough phase. Overlay. Currently, Fine Organics is trading at P/E of 35, Galaxy Surfactants is trading at P/E of 32, Vinati Organics at P/E of 31, Atul Limited at 20, and Aarti Industries at P/E of 30. Review and Recommendation of InvestorZone are 5/. Rossari Biotech plans to launch Rs 500-crore IPO next week; Rossari Biotech gets Sebi nod for IPO; 7 Comments on this Story. They provide specialty chemicals for the entire value-chain of the textile industry starting from fiber, yarn to fabric, wet processing, and garment processing. Therefore, total shares outstanding as on DRHP filing is = 2.64+2.2 = 4.84cr. Wish allottees a wonderful listing at 9:45 am. When the issue is over subscribed you are entitled for only 1 lot that too on lottery basis. Specialty chemicals manufacturer Rossari Biotech got listed on the stock exchanges today at a price of Rs 670 per share, up 57% from its issue price of Rs 425 per share and closed at a price … Peers like Aarti Vinita And Galaxy are Trading at 30X and Atul at 20X…. Share price of Rossari Biotech ended 74% higher than its IPO issue price on its market debut today. Price Band: 423-425. Specialty chemicals manufacturer Rossari Biotech is launching its initial public offering (IPO) on Monday with a price band of Rs 423-425 per equity share. The company has fixed the price band of the issue at Rs 423-425. It operates operation in India as well as in 17 foreign countries including Vietnam, Bangladesh, and Mauritius. On 12.12.2019, they have issued bonus shares in 6:5. Valuation As on 08.07.2020, Rossari Biotech has 5,07,54,096 outstanding shares in the balance sheet. it should be updated here by tomorrow …. Here company’s promoters (Sunil Chari and Edward Menezes) will be selling 10.5 crore equity shares held by them and fresh issue of capital of INR 50 crore. Funding working capital requirements. Price range for Rossari Biotech IPO has been fixed at Rs 423-425 per share. Investors can bid in lot sizes of 35 shares. The investors got a very good listing gain as per the grey market premium. On 25 Nov 2019, Rossari Biotech has split the shares from FV=10 to FV =2. Rossari Biotech shares will be listed on the NSE and BSE Rossari Biotech IPO subscribed 90% by noon on Day 2. Its revenues and margins are consistent and growing. SBI Cards & Payment Services Ltd. was the last company to float such an offering in March. MUMBAI: Specialty chemicals manufacturer Rossari Biotech Limited will launch its initial public offering (IPO) on 13 July with a price band of ₹ 423- ₹ 425 per share. The issue price of the IPO is ₹423 to ₹425 Per Equity Share. On 25 Nov 2019, Rossari Biotech has split the shares from FV=10 to FV =2. New Delhi: As Rossari Biotech gears up to launch its initial public offering (IPO) on Monday, unlisted shares of the company are demanding up to 30-35 per cent premium over the IPO price in grey market or unofficial market for trading in unlisted shares. Axis Capital and ICICI Securities are the managers to the offer. Laxmi Organic to launch Rs 800-cr IPO following strong listing by Rossari Biotech, Chemcon Speciality . rossary biotech applied for total 2L ,not even single lot not allotted.even sbi cards i got 1 lot. What is the price in American dollars. Price range for Rossari Biotech IPO has been fixed at Rs 423-425 per share. A pre-IPO placement worth Rs. The IPO will open for subscription on July 13 and close on July 15, at a price band of Rs 423-425 per share. Rossari Biotech IPO Price, rossari biotech ipo details, rossari biotech ipo date, rossari biotech ipo review, rossari biotech ipo gmp, rossari biotech share price, rossari biotech ipo lot size. our honourable PM modiji is supporting this company. On 12.12.2019, they have issued bonus shares in 6:5. All the Best , *Mindspace Business Parks REIT Detail Jul 27, 2020 – Jul 29, 2020*. Hence, Rossari Biotech IPO share price (upper band) of Rs 425 in the P/E range of 31x to 39x is highly priced. As on January 31, 2020, manufactures and sales approximately 1,524 products for its customers in this product category. Yes, The IPO to list on NSE and BSE both the indices. The equity shares will be listed on the NSE and BSE. Post the IPO, the promoter shareholding will fall to 73 per cent from 95 per cent earlier. ◼️ Stable cash flows, I have applied for 5 lot but no allotment for me. 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