Rossari Biotech Ltd IPO - Details

rossari biotech ipo
About the company

Rossari Biotech is one of the leading specialty chemical manufacturing companies in India. It provides customized solutions to the apparel, animal & poultry feed, and FMCG industries by offering a diversified product portfolio.

IPO Dates ,Types & Price details

IPO ISSUE PERIOD

13-Jul-2020 to 15-Jul-2020

Listing on BSE & NSE

IPO Size

(Rs.444.15 – 446.25 crore)

10,500,000 shares 

Price Range

Rs. 423 -425 Per Share

IPO Type

100% Book Building

Retail Portion : 35%

BID LOT

35 Shares and in multiples of 35.

Minimum Amount: ₹14,805 

Face Value

Rs. 2 

(IN Rs. CRORE)

Financial Performance

Assets – 1308.94
Revenue – 2605.97
PAT – 142.85

Assets – 1649.5
Revenue – 3004.29
PAT – 254.03

Assets – 2489.45
Revenue – 5171.24
PAT – 456.83

Assets – 4715.15
Revenue – 6038.18
PAT – 652.53

Valuation of Rossari Biotech

Earnings Per Share (EPS): INR13.42
Price/Earnings (PE ratio): 33.81 Market Cap : 2207 Crore

Return on Net Worth (RONW): 31.79%

Net Asset Value (NAV): INR56.48 per share

Contact details

IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: rossaribio.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

IPO Lead Managers

  • Axis Capital Limited
  • ICICI Securities Limited

Company Address

Rossari Biotech Ltd

201 A – B, 2nd Floor,
Akruti Corporate Park, L.B.S. Marg,
next to GE Gardens, Kanjurmarg (W), Mumbai 400 079
Phone: +91 22 6123 3800
Email: cs@rossarimail.com Website: www.rossari.com

Rossari Biotech IPO Subscription Details

CategoryNo of Shares
offered
DAY 1DAY 2DAY 3
Qualified Institutional Buyers(QIBs)23,35,2942,27,95549,15,01513,47,10,520
Non Institutional Investors (NIIs)17,51,4701,38,0405,71,51522,73,28,360
Retail Individual Investors(RIIs)40,86,76517,05,830 39,49,0501,03,18,980
Total81,73,53020,71,82594,35,580 37,23,57,860
Subscription Times-0.251.1545.56
Source: NSE India

Post Subscription Details​

Finalisation of Allotment

20-Jul-2020

Click on this link to get allotment status.

Initiation of refunds

21-Jul-2020

Transfer of shares to demat accounts

22-Jul-2020

Listing Date

23-Jul-2020

Opening Price on NSE

670.00

Closing Price on NSE

741.65

AUTHOR’S Final Note :

Considering the PAT growth YoY, IPO looks attractive. But the PE ratio greater than 30, IPO comes under High priced band.

For the High risk Investors, IPO is definitely worth a risk to apply and look for Listing gains. 

Read here on How to apply IPO via Zerodha ?

For Low risk investors, Avoid this IPO in this turbulent market. 

Grey Market Premium : 

GMP was around 130 which is good indicator for the decent Listing gain.

What is Grey Market Premium and how it works

Additional Reading :

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