IPO Status: Closed [13th Jul 2020 to 15th Jul 2020]
Rossari Biotech IPO review covers all the information regarding the company like business, objective, strength, weakness, financials, IPO Price, important dates and much more. The Rossari Biotech IPO opens on 13th July 2020 and close on 15th July 2020.
Incorporated in 2009, Rossari Biotech is one of the leading and well-known specialty chemical manufacturing company in India. The company is primarily engaged in producing specialist chemicals that provide raw material to industries i.e. FMCG, apparel, poultry, and animal feed industries.
It offers customized product offerings to industries as per their requirement. The product portfolio of the business categorized into 3 segments- home care, personal care and performance chemicals (i.e. soaps & detergents, water treatment, ceramics, cement, pulp & paper, etc.), textile specialist chemicals (i.e. cotton, acrylic, wool, silk, nylon, denim, polyester, etc.), and animal health and nutrition products (poultry nutrition, pet care, etc.).
The business has a worldwide presence across more than 17 countries, through which, it serves people all around the world. It has in-house manufacturing facilities located at Silvassa Manufacturing Facility where the factory uses the latest technologies to provide innovative offerings to people and maintain ecological integrity as well. With the continuously growing market demand for specialty chemicals, the business is also looking to commence productions at Dahej, Gujarat soon. The business also has a dedicated DSIR (Department of Scientific and Industrial Research) certified R&D lab, where the team continuously works to keep track of the latest industry trends, new technologies, and new product development methods.
For the best quality of specialists, the company has been rewarded with a number of awards such as Star Performer Award 2019, 100 SME Award 2018, Best Innovator Award 2014. Fine Organic Industries Limited, Vinati Organics, Aarti Industries Limited and Atul Limited are the key competitors of Rossari Biotech Limited. For the half-year ended on 30th September, it has reported $319 million of net profit.
The objectives of the IPO include the following;
Rossari Biotech IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Rossari Biotech Issue Details||Values|
|IPO Issue Type||Book Built Issue IPO|
|IPO Issue Size||1,16,82,033 Eq Shares of ₹2 (aggregating up to ₹496.49 Cr)|
|Offer for Sale||10,500,000 Eq Shares of ₹2 (aggregating up to ₹[.] Cr)|
|Fresh Issue||[.] Eq Shares of ₹2 (aggregating up to ₹50.00 Cr)|
|Face Value||₹2 Per Equity Share|
|IPO Issue Price||₹423 to ₹ 425 Per Eq Share|
|Market Lot||35 Shares|
|Min Order Qty||35|
|Max Retail Qty||455|
|Promoter Holding Pre IPO||95.06%|
|Promoter Holding Post IPO||75%|
|IPO Listing At||BSE, NSE|
The table below is live update of IPO bidding details from NSE and BSE.
|2,335,294||1,751,471||4,086,765||8,173,530||1||13th Jul 2020 17:02||0.41x||0.11x||0.92x||0.60x||2||14th Jul 2020 17:02||2.75x||4.34x||2.51x||2.97x||3||15th Jul 2020 17:02||85.26x||239.83x||7.23x||79.37x|
Past performance and financial results of Rossari Biotech.
|Rossari Biotech Ltd IPO Financials||31-Mar-2020||31-Mar-2019||31-Mar-2018|
|Total Assets||₹471.52 Cr||₹249.90 Cr||₹167.95 Cr|
|Total Revenue||₹609.82 Cr||₹517.12 Cr||₹300.43 Cr|
|Net Profit/Loss||₹65.03 Cr||₹45.68 Cr||₹25.40 Cr|
In this section we have covered all imporatant dates related to Rossari Biotech IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open Date||13th Jul 2020|
|IPO Issue Close Date||15th Jul 2020|
|Basis of Allotment Finalisation Date*||20th Jul 2020|
|Refunds Initiation*||21st Jul 2020|
|Credit of Shares to Demat Account*||22nd Jul 2020|
|IPO Listing Date*||23rd Jul 2020|
* - Tentative Dates
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Rossari Biotech IPO Draft Prospectus >>Document
Rossari Biotech IPO Red Herring Prospectus >>Document
Rossari Biotech IPO Allotment Status >>Link
Last Updated on 2020-07-23T09:52:42+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Rossari Biotech IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Rossari Biotech IPO with Zerodha.
Alternate approch to apply in Rossari Biotech IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Rossari Biotech IPO, you can use the following methods:
|Rossari Biotech IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Rossari Biotech IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Rossari Biotech IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Rossari Biotech IPO. Most of the Syndicate Banks provide access to apply in Rossari Biotech IPO via ASBA process. You must have your net banking access, DP ID information to apply in Rossari Biotech IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Rossari Biotech IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in Rossari Biotech IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Rossari Biotech IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Rossari Biotech IPO, please refer article >> Link
Steps to download the online application form for Rossari Biotech IPO
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Rossari Biotech IPO is going to be list on 23-07-2020. NSE Code for Rossari Biotech is ROSSARI. BSE Code for Rossari Biotech is 543213.
Other relevant questions:When Rossari Biotech IPO will be listing? Rossari Biotech IPO NSE listing date?Rossari Biotech IPO date of listing.Rossari Biotech IPO BSE listing date?
Rossari Biotech IPO price for retail investor is ₹423 to ₹ 425 Per Eq Share.
Rossari Biotech IPO lot size for retail investor is 35(Min) and 455 (Max).
Other relevant questions:Rossari Biotech IPO lot details? Rossari Biotech IPO market lot? Rossari Biotech IPO details lot size?