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
Rossari Biotech Limited
Issue Period: July 13, 2020 to July 15, 2020
₹20/- For Intraday, F&O, Currencies & Commodities
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.
Report from our researchers
What Is Angel One's Expert Research Report?
Our internal team of experts coalesces industry insight to prepare a thorough investigative report to give you a detailed understanding of the market. These reports are meticulously prepared to explain to you each and every step the market takes so that you always remain at the top of your investment game.
- If you are already a client of Angel One, apply directly for Rossari IPO, click here.
- If you’re a new investor Open DEMAT Account for free with Angel One and build wealth with the best stock choices. Join our 1 million+ family of happy customers.
|
ROSSARI BIOTECH LIMITED DRHP
|
in 5 MIns
on the same day
Brokerage*
Why Angel One?
Trading Across Platforms
Get free access to multiple online trading products & track market share prices live. Trade with ease and stay updated with share market news notifications.
Highest Leverage
Get maximum subscription along with highest leverage with us. This makes sure you make the most of your trading day.
Trading Across Platforms
Get free access to multiple online trading products & track market share prices live. Trade with ease and stay updated with share market news notifications.
Dedicated Customer Service Team
Get help wherever you are with our centralized help desk & Pan India presence.Stay connected through Live Chat and SMS.
