Rossari Biotech IPO – Date, Price, Allotment status, Reviews

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Rossari Biotech Ltd., a textile chemical manufacturer, is coming up with an IPO  opening on July 13, 2020. 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 lot size for Rossari Biotech Limited IPO is of 35 shares. The total issue of 11,682,033 aggregating to about 469 cs. will bring promoter holding down to approx. 73%. The Issue will close on July 15, 2020. Rossari Biotech Ltd, a textiles specialty chemicals manufacturer has a diversified product portfolio with products and solutions for industries like apparel, animal & poultry feed and FMCG. According to F&S Report dated September 2019, Rossari Biotech Ltd. is the largest specialty chemical manufacturer in India. And Not only India, the company has its operations spread across 18 countries including Vietnam, Bangladesh and Mauritius. The Business of Rossari Biotech Ltd may be classified into 3 categories 
  1. Textile specialty chemicals
  2. Animal health & nutrition products
  3. Chemicals used for home, personal care & performance chemical.
Rossari Biotech has close to ~2000 different products range within these three categories. With manufacturing units at Silvassa, Dadra & Nagar Haveli, the entire range of products are produced inhouse. The Current capacity is about 100,000 MTPA and expected to increase to 1,32500 MTPA with their upcoming plant in Dahej, Gujrat. Rossari Biotech is aggressively working towards Research with their R&D facilities in Silvassa and Mumbai. Here the main focus remains on building Cost competitiveness, new product development and formulations. The Sales channel comprises of 194 distributors spread across India and another 27 distributor in other 17 countries.
Strengths of Rossari Biotech Ltd  
  1. Largest Chemical Manufacturer in India
  2. Large range of products
  3. Strong Distribution network
  4. Large scale manufacturing facilities
  5. Inhouse R&D facility

Promoters of Rossari Biotech Ltd.:

Mr. Edward Menezes and Mr. Sunil Chari are the promoters of the company.

Financials of Rossari Biotech Ltd:

Summary of financial Information (Restated)
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

Objects of the Rossari Biotech Ltd Issue:

The net proceeds of the Fresh Issue are proposed to be utilized as: 1. Repayment/prepayment of certain indebtedness availed by the Company (including accrued interest); 2. Funding working capital requirements; and 3. General corporate purposes

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 (₹ Cr.) 2207
Date for Finalisation of Basis of Allotment July 20, 2020
Date for Initiation of Refunds July 21, 2020
Date for Credit of Shares to Demat Account July 22, 2020
IPO Shares Listing Date July 23, 2020
The book running lead managers to the issue are Axis Bank Limited and ICICI Securities Limited

Important Dates and Milestones for SBI Cards  payment Services Limited IPO

  • Issue opens on July 13, 2020 and closes on July 15, 2020.
  • The Allotment date for Rossari Biotech Ltd IPO issue is expected on July 20, 2020
  • The amount for unsuccessful investor will get unblocked on July 21, 2020.
  • The Shares of Rossari Biotech Ltd will get credited to Demat accounts on July 21, 2020.
  • The Shares of Rossari Biotech Ltd IPO will be listed on both NSE and BSE on July 23, 2020

Check Rossari Biotech Ltd IPO Allotment Status Online

[maxbutton name=”Link Intime”] The applicants can check their Rossari Biotech Ltd IPO Allotment Status on the Tentative Date of Allotment, normally scheduled at 3rd or 4th working day after the IPO Closure. SEBI has mandates timelines for completion of IPO Allotment and as such the entire process of allotment gets completed in a week after the IPO closure. The Tentative date for Rossari Biotech Ltd IPO Allotment Status is July 20, 2020. In case, the Subscription does not remain so great for Rossari Biotech Ltd IPO, the chances of getting share allotment for Rossari Biotech Ltd IPO is high. However, in case, the subscription figures remains high, the chances of getting one lot in retail will be fairly minimal. It has been observed that with over subscription, the demand for shares on the listing date remains very high. One can check Rossari Biotech Ltd IPO Allotment Status by following 3 simple steps

CHECK Rossari Biotech Ltd IPO ALLOTMENT STATUS

  1. Visit to the website of RTA (Link Intime for this IPO) on a given Link specifically for checking Rossari Biotech Ltd IPO
  2. Enter detail like PAN number or Demat Account number or Application number
  3. Check status

[maxbutton name=”Link Intime”]

 

What next after Rossari Biotech Ltd IPO

In case you are successful applicant, the share will get credited to your Demat account in next 1-2 days specifically before Listing date. As such, you are  free to keep or sell your allocated shares. In case, you have not received allotment, the amount blocked in your bank account will get unblocked.

Bid details for Rossari Biotech Ltd IPO

Price (in Rs.) Quantity

Subscription figures for Rossari Biotech Ltd IPO

ategory No. of shares offered No. of shares bid for Category Subscription
Qualified Institutional Buyers (QIBs)
Foreign Institutional Investors (FIIs) –
Domestic Financial Institutions
Mutual Funds –
Others –
Non Institutional Investors
Corporates –
Individuals (Other than RIIs) –
Others –
Retail Individual Investors (RIIs)
Cut Off –
Price Bids –
Employee Reserved
Employee (Cut off) –
Employee (Price) –
Reservation PortionShareholder – –
Reservation Portion Shareholder (Cut off) – –
Reservation Portion Shareholder (Price) – –
Total

FAQs for Rossari Biotech Ltd IPO

What is the date of Allotment for Rossari Biotech Ltd IPO?
Usually the entire allotment process gets completed within a week of IPO closure date. The Expected date of Allotment of Rossari Biotech Ltd IPO is July 20, 2020. One can check the allotment status on this date online through the below given link   [maxbutton name=”Link Intime”]
How I need to pay for the shares?
Since this is an IPO through ASBA route, the amount for the applied shares will get blocked in the respective bank account. In case of allotment of shares, the amount get deducted from the bank account else get unblocked. The expected date of unblocking of this amount is the following date of allotment of shares. Now you can also subscribe the shares through UPI route. Apply here for Rossari Biotech IPO
When will I get my subscribed shares in my Demat account?
Usually, the allotted shares are credited to demat account atleast a day before listing which in this case July 21, 2020.
When will the trading begins in the exchanges for Rossari Biotech shares?
The trading in shares of Rossari Biotech Ltd begins on the listing day which is July 23, 2020. The trading begins simultaneously in both exchanges i.e. NSE and BSE
What will be the basis of allotment in Rossari Biotech IPO?
The basis of Allotment will be book building. As such, the priority of allotment will be given to subscribers with better price quotes. In case of same rate quotes or “cut off price” the allotment is on the basis of computerized lucky draw.
How can I check Rossari Biotech IPO allotment status?
Earlier is a lengthy and cumbersome process but now it is very simple and online way to check Rossari Biotech IPO allotment status. All you need to do is to click on the below stated link and enter requisite details like application number, PAN number or DP client id. Please proceed to know Rossari Biotech IPO allotment status. Normally there is very high traffic at the time of checking IPO allotment status so one should be very calm and quite for extracting information from the given link

CHECK Rossari Biotech IPO ALLOTMENT STATUS Here

How will I get my refund amount, if shares are not allotted?
In case of unsuccessful investors who did not get the allotment, the amount will get unblocked in their bank account on July 21, 2020.
How to increase chances of allotment in case of Retail investor?
Since the basis of Allotment will ‘Book Building’, the price of application to be filled as ‘Cut off” which signified that the application will be applied as the lowest rate on which the allotment is made. As a retail investor, one should apply for one lot in multiple names. As such in case of over-subscription, each investor taken out of from a computerized lucky draw will be given one lot only. More name in that list increase chances of allotment as well.

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