Click here to check the comparison of peers. The stock hit the upper circuit to ₹804 after hitting a low of ₹663.55 in the early trade. What is the price in American dollars. 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. The promoters are technocrats cumulatively having over 45 years of experience in the specialty chemicals industry. "There was a huge pent up demand for a primary offering as none had come in the last four months. rossary biotech applied for total 2L ,not even single lot not allotted.even sbi cards i got 1 lot. (a) Home, Personal care, and Performance chemicals. As per DRHP, the peers are Galaxy Surfactants, Fine Organics, Vinati organics, Atul Limited, and Aarti Industries. 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 (c) Animal health and nutrition products. *₹14 cr* each to : SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF, White Oak and Malabar, *₹8.3 cr* each to : Abu Dhabi Investment Authority, Goldman Sachs AM, HSBC Global, Axis MF, HDFC Life, Kotak Mahindra International, *₹5 cr* each to : Mirae MF, Sundaram MF and IIFL AIF. Rossary allotment status ??? If full subcribe,u will got only 1 lot insted of 5 or 7 lot. IPO gets Oversubscribed By 79.37 times You can check Allotment Here. so we should support also. A New Kid In Special Chemical Space. 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 company has fixed the price band of the issue at Rs 423-425. The ₹ 496-crore IPO of Rossari Biotech was subscribed a whopping 79.37 times. Your opinion, Only apply , if you have 2-3 years of horizon. They currently supply poultry feed supplements and additives, pet grooming, and pet treat including for weaning, infants, and adult pets. 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. 2 each, comprising fresh issue of up to Rs. The home care ingredients comprise of ingredients which are used in the manufacturing of home care products such as floor cleaners, detergents, toiletries, etc. 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. The minimum order quantity is 35 Shares. Overlay. This was a fresh company from a sector which already enjoys premium valuations and this company in particular had the added flavour of personal health and hygiene attached to it," market analyst Arun Kejriwal said. They are in advanced stages of expanding to home, personal care and performance product portfolio to water treatment formulations, specialty formulation for breweries as well as dairies. 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's initial public offer or IPO is set to open for subscription from Monday, July 13 to July 15. At the upper end of the price band, the offer for sale is estimated at Rs 446.25 crore. Further, they can interchange capacities across home, personal care, and performance chemicals; textile specialty chemicals; and animal health and nutrition products categories, which ensures that they can manufacture any of these products at any point in time depending on the specific requirements of customers. 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 … Did You Know. it should be updated here by tomorrow …. that have applications in home and industries. Revenue contribution from different business: (a) Home, Personal care, and Performance chemicals = 37.81%, (c) Animal health and nutrition products = 10%. Revenue stood at 440 Cr For 9 Months Ended 2020… Rossari Biotech Q2 PAT at Rs20.7cr; stock down 1%. The investors got a very good listing gain as per the grey market premium. The size of IPO us 496 Cr. Rossari Biotech IPO Shares Offered. The IPO opens on Jul 13, 2020, and closes on Jul 15, 2020.. Link Intime India Private Ltd is the registrar for the IPO. Oct 26,2020 02:17 PM. Hence, Rossari Biotech IPO share price (upper band) of Rs 425 in the P/E range of 31x to 39x is highly priced. The issue price of the IPO is ₹423 to ₹425 Per Equity Share. Rossari Biotech IPO subscribed nearly 3 times on Day 2 of bidding process 15 Jul, 2020, 09.12 AM IST At the higher end of the Rs 423-425 price band, the specialty chemicals manufacturer is seeking a valuation of 19.9 times FY20’s EV/Ebitda and 33.1 times earnings per share on a FY20 basis. 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/. nothing left on the table : fully priced ; wait for post listing : price may drop below I p o price . 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