Rossari Biotech Limited
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Having completed its public offering, Rossari Biotech Limited's is now listed and trading on the NSE, BSE exchange as of Jul 23, 2020. The IPO raised cumulative capital of 1,16,82,033 Shares, including TBD in primary capital infusion.
The IPO was conducted with a price range of ₹423 to ₹425 and minimum investment requirement of 35 shares. subscription activity between Jul 13, 2020 and Jul 15, 2020 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Jul 21, 2020 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rossari Biotech Ltd, incorporated in 2009, is a leading manufacturer of textile specialty chemicals. The company provides customized solutions for the apparel, animal and poultry feed, and FMCG industries with a diverse product portfolio. It operates in 18 countries, including India, Bangladesh, Vietnam, and Mauritius. According to the F&S Report published on September 30, 2019, Rossari Biotech is the largest textile specialty chemical manufacturer in India. Its business is divided into three main segments: textile specialty chemicals, animal health and nutrition products, and home, personal care, and performance chemicals. The company offers 1,948 different products across these categories. Most of its products are manufactured in-house at its Silvassa unit in Dadra & Nagar Haveli, which has an installed capacity of 100,000 MTPA. Additionally, it is setting up a new manufacturing facility in Dahej, Gujarat, with an installed capacity of 132,500 MTPA. The company also has two R&D centers in Silvassa and Mumbai, dedicated to new product development, formulations, and cost efficiency. Rossari Biotech has a strong distribution network with over 194 distributors across India and 27 distributors in 17 other countries.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide range of products across various categories.
- Leading textile specialty chemical manufacturer in India.
- Own in-house manufacturing facility.
- Advanced research and development center.
- Extensive distribution network across India.
NA
- Mr. Edward Menezes
- Mr. Sunil Chari
Rossari Biotech Limited
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