Bookbuilding IPO | ₹496 Cr | Listed at BSE, NSE | Mon, Jul 13, 2020 - Wed, Jul 15, 2020
Rossari Biotech IPO is a book build issue of ₹496.25 crores. The issue is a combination of fresh issue of 0.12 crore shares aggregating to ₹50.00 crores and offer for sale of 1.05 crore shares aggregating to ₹446.25 crores.
Rossari Biotech IPO bidding started from Jul 13, 2020 and ended on Jul 15, 2020. The allotment for Rossari Biotech IPO was finalized on Jul 20, 2020. The shares got listed on BSE, NSE on Jul 23, 2020.
Rossari Biotech IPO price band is set at ₹425 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,875 (35 shares) (based on upper price). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,08,250, and for bNII, it is 68 lots (2,380 shares), amounting to ₹10,11,500.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Rossari Biotech IPO RHP for detailed Information.
IPO Open
Mon, Jul 13, 2020
IPO Close
Wed, Jul 15, 2020
Issue Price
₹425 per share
Market Cap (Pre-IPO)
₹2,207.00 Cr
| IPO Date | 13 to 15 Jul, 2020 |
| Listed on | Thu, Jul 23, 2020 |
| Face Value | ₹2 per share |
| Price Band | ₹423 to ₹425 |
| Issue Price | ₹425 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,16,76,470 shares (agg. up to ₹496 Cr) |
| Fresh Issue | 11,76,470 shares (agg. up to ₹50 Cr) |
| Offer for Sale | 1,05,00,000 shares of ₹2 (agg. up to ₹446 Cr) |
| Share Holding Pre Issue | 5,07,52,920 shares |
| Share Holding Post Issue | 5,19,29,390 shares |
| BSE Script Code / NSE Symbol | 543213 / ROSSARI |
| ISIN | INE02A801020 |
Rossari Biotech IPO comprises a total issue size of 1,16,76,470 shares. Out of which, 58,38,234 (50.00%) are allocated to QIB, 17,51,471 (15.00%) allocated to NII 40,86,765 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 58,38,234 | 50.00% | NA |
| − Anchor Investor Shares Offered | 35,02,940 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 23,35,294 | 20.00% | NA |
| NII (HNI) Shares Offered | 17,51,471 | 15.00% | NA |
| Retail Shares Offered | 40,86,765 | 35.00% | 1,16,764 |
| Total Shares Offered | 1,16,76,470 | 100.00% |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,875 |
| Retail (Max) | 13 | 455 | ₹1,93,375 |
| S-HNI (Min) | 14 | 490 | ₹2,08,250 |
| S-HNI (Max) | 67 | 2,345 | ₹9,96,625 |
| B-HNI (Min) | 68 | 2,380 | ₹10,11,500 |
Rossari Biotech IPO raises ₹148.87 crore from anchor investors. Rossari Biotech IPO Anchor bid date is July 10, 2020.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jul 10, 2020 |
| Shares Offered | 35,02,940 |
| Anchor Portion (₹ Cr.) | 148.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 19, 2020 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 18, 2020 |
Incorporated in 2009, Rossari Biotech Ltd is a manufacturer of textiles specialty chemicals. It provides customized solutions to the apparel, animal & poultry feed, and FMCG industries by offering a diversified product portfolio. Rossari Biotech operates in 18 countries including India, Bangladesh, Vietnam, and Mauritius.
As per the F&S Report published on 30th Sept 2019, it is the largest textile specialty chemical manufacturer in India. The business of the company can be classified into three main categories which are textile specialty chemicals; animal health & nutrition products; and home, personal care & performance chemicals. The company has 1,948 different products range under these three categories.
Most of the products of the company are manufactured in-house. It has a manufacturing unit located at Silvassa, Dadra & Nagar Haveli with an installed capacity of 100,000 MTPA. The company is also setting up a manufacturing unit at Dahej in Gujarat with an installed capacity of 132,500 MTPA. Rossari Biotech also has two R&D facilities in Silvassa and Mumbai locations to focus on new product development, formulations, and cost competitiveness. It has more than 194 distributors across India and 27 distributors spread in other 17 countries.
Competitive Strengths
1. Diversified product portfolio
2. Well-known textile specialty chemical manufacturer in India
3. In-house manufacturing unit
4. Strong R&D facility
5. Pan-India distribution network
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of certain indebtedness availed by our Company (including accrued interest) | 65.00 |
| 2 | Funding working capital requirements | 50.00 |
| 3 | General corporate purposes | 28.74 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 33.81 | |
| Promoter Holding | 95.06% | 73% |
| Market Cap | ₹2,207.00 Cr. |
The Rossari Biotech IPO is subscribed 79.37 times on July 15, 2020 5:00:02 PM (Day 3). The public issue subscribed 7.23 times in the retail category, 85.26 times in the QIB category, and 239.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 85.26 | 23,35,294 | 19,91,14,615 |
| NII | 239.83 | 17,51,471 | 42,00,59,220 |
| Retail | 7.23 | 40,86,765 | 2,95,59,810 |
| Total | 79.37 | 81,73,530 | 64,87,33,645 |
Rossari Biotech Limited, the largest manufacturer of textile specialty chemicals in India is launching its IPO on 13th July 2020. The issue close date is 15th July 2020. The NRIs are allowed to subscribe to this IPO subject to certain rules and restrictions.
Rules and restrictions for NRI in Rossari Biotech IPO:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 11.93 |
| 2 | Advertising and marketing expenses | 1.50 |
| 3 | Fees payable to the Registrar to the Offer | 0.02 |
| 4 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs,as applicable | 0.76 |
| 5 | Processing fees to the SCSBs and to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.80 |
| 6 | Printing and distribution of issue stationery | 1.50 |
| 7 | Fees to regulators, including stock exchanges | 1.71 |
| 8 | Listing fees, fee payable to legal counsels, and Miscellaneous | 6.69 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹425.00 | ₹425.00 |
| Open | ₹670.00 | ₹669.25 |
| Low | ₹663.55 | ₹664.00 |
| High | ₹804.00 | ₹803.10 |
| Last Trade | ₹742.35 | ₹741.65 |
Lead Manager Reports
Rossari Biotech IPO is a main-board IPO of 1,16,76,470 equity shares of the face value of ₹2 aggregating up to ₹496 Crores. The issue is priced at ₹425 per share. The minimum order quantity is 35.
The IPO opens on Mon, Jul 13, 2020, and closes on Wed, Jul 15, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rossari Biotech IPO using UPI as a payment gateway. Zerodha customers can apply in Rossari Biotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rossari Biotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rossari Biotech IPO opens on Mon, Jul 13, 2020 and closes on Wed, Jul 15, 2020.
Rossari Biotech IPO lot size is 35, and the minimum amount required for application is ₹14,875.
You can apply in Rossari Biotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rossari Biotech IPO will be done on Monday, July 20, 2020, and the allotted shares will be credited to your demat account by Wed, Jul 22, 2020. Check the Rossari Biotech IPO allotment status.
The Rossari Biotech IPO listing date is on Thu, Jul 23, 2020.
