IPO

Rossari Biotech Ltd IPO

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Chemicals

Listed On: Jul 23, 2020 at ₹ 669.25

₹ 14875 /35 Shares

13 Jul, 2020

Open Date

15 Jul, 2020

Close Date

21 Jul, 2020

Allotment Date

23 Jul, 2020

Listing Date
Price Summary

Last Closing

570.00 (34.12%)

52 Week High

841.00

52 Week Low

562.35

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price Rs 423 - Rs 425 Per Equity Share
  • Face Value Rs 2 Per Equity Share 
  • Issue Price Total Equity Shares 1,16,76,470 of Rs 2/- at price of Rs 423 to Rs 425 with aggregating up to Rs 496.25 Cr
    # Fresh Issue of 11,76,470 (approx.) Equity Shares of Rs 2/- at price of Rs 423 to Rs 425 with aggregating up to Rs 50.0 Cr
    # Offer for Sale of 1,05,00,000 Equity Shares of Rs 2/- at price of Rs 423 to Rs 425 with aggregating up to Rs 446.25 Cr
  • Listing at NSE, BSE
  • List Price 669.25
  • Listing Date 2020-07-23
  • Lead Manager Axis Capital Limited and ICICI Securities Limited
  • Registrar Link Intime India Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹423 - 425 per equity share, which has a face value of Rs 2 Per Equity Share  each, IPO bidding starts from Jul 13, 2020 and ends on Jul 15, 2020. The allotment for IPO will be finalized on Jul 21, 2020. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 23, 2020. The company shall list its equity shares on the NSE, BSE. Link Intime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited and ICICI Securities Limited.


The IPO sets its price band at 423 - 425 for each share. A single application for Rossari Biotech Ltd IPO must contain at least 35 shares.

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IPO Subscription Analysis And Details
Retail
2.00x
QIB
19.00x
NII
42.00x
Total
64.00x
As on QIB NII Retail Total
Shares Offered / Reserved 23,35,294 17,51,471 40,86,765 81,73,530
Day 1 13-07-20
9,63,690 0.41 x 1,94,215 0.11 37,72,125 0.92 x 49,30,030 0.6 x
Day 2 14-07-20
64,16,655 2.75 x 76,01,335 4.34 1,02,52,760 2.51 x 2,42,70,750 2.97 x
Day 3 15-07-20
19,91,14,615 85.26 x 42,00,59,220 239.83 2,95,59,810 7.23 x 64,87,33,645 79.37 x
Valuations
Earnings Per Share (EPS) Rs 12.52/-
P/E Ratio 33.94
RoNW 31.79%
Net Asset Value (NAV) - As on July 2020 Rs. 56.48
IPO - Issue Objectives
1

Offer for Sale: Company will not receive any proceeds from the Offer for Sale.

2

Fresh Issue: (a) Repayment/prepayment of certain indebtedness availed by our Company (including accrued interest).
(b) Funding working capital requirements.
(c) General corporate purposes.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Rossari Biotech Limited 7.52 33.94 31.79 603.82
Aarti Industries Limited 5.56 30.81 31.31 4195.15
Vinati Organics Limited 7.98 30.60 31.43 1079.86
Atul Limited 4.39 21.04 21.38 4171.10
Galaxy Surfactants Limited 6.38 31.14 30.90 2602.30
Fine Organics Industries Limited 9.16 34.70 35.45 1058.27