Rossari Biotech IPO

Rossari Biotech will raise Rs 500 crore in IPO of the shares sale to bolster its financial position. The company has already raised 99.99 crores in a pre-IPO sales drive through private placement route with investors like Malabar India Fund, Axis New Opportunities AIF-I, Mirae Asset Mid Cap Fund, and ICICI Lombard General Insurance.

Rossari Biotech IPO Detail

Issuer

Rossari Biotech Limited

Issue Period: July 13, 2020 to July 15, 2020
Price Band
₹ 423 - 425

Issue Size
₹ 494 - 496cr

Face Value
₹ 2/- Per Share

Market Lot
35 Shares

Listing At
NSE,BSE
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Company Information

Incorporated in 2009, Rossari Biotech is a manufacturer of textile specialty chemicals. According to the F&S report of 2019, they are the largest manufacturer of textile specialty chemicals in India. The company operates in eighteen countries including Vietnam, Mauritius, and Bangladesh, with production and R&D units in India. Its manufacturing units in Silvassa and Dadar and Nagar Haveli in India have an installed production capacity of 100,000 MTPA. And, the upcoming production unit in Dahej in Gujarat will have an installed capacity of 132,500 MTPA.

Competitive Strengths

  • Rossari boasts a diverse product portfolio in the categories of textile chemicals, animal health and nutrition, personal and home care, and performance chemicals
  • The company produces most of its products in-house
  • Rossari sells 2,030 different products under various categories as on May 31, 2020.
  • Rossari made an after-tax net profit of Rs 65.3 crore in the last fiscal
  • Over the previous three years, the company clocked revenue growth of CAGR ~32 percent
  • Its after-tax net profit registered a compounded growth of ~66 percent during the last 3 years.
  • Rossari has a 0.23 total debt-equity ratio as on March 31, 2020.

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