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
- Diversified product portfolio
- Well-known textile specialty chemical manufacturer in India
- In-house manufacturing unit
- Strong R&D facility
- Pan-India distribution network
Rossari Biotech IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹423 to ₹425 per equity share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 543213 |
| NSE Symbol | ROSSARI |
| ISIN | INE02A801020 |
| Issue Size | Aggregating up to ₹496.49 Cr |
| Fresh Issue | Aggregating up to ₹50.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Rossari Biotech IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 13-Jul-20 |
| IPO Close Date | 15-Jul-20 |
| Basis of Allotment Date | 20-Jul-20 |
| IPO Listing Date | 23-Jul-20 |
Rossari Biotech IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 35 | ₹14,875 |
| Maximum | 13 | 455 | ₹193,375 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Rossari Biotech Ltd
Company Financials:
| PARTICULAR | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 4,715.15 | 2489.45 | 1649.5 | 1308.94 |
| Total Revenue | 6,038.18 | 5171.24 | 3004.29 | 2605.97 |
| Profit After Tax | 652.53 | 456.83 | 254.03 | 142.85 |
Company Promoters:
Mr. Edward Menezes and Mr. Sunil Chari are the promoters of the company.
Objects of the Issue:
The net proceeds of the Fresh Issue, i.e. Gross proceeds of the Fresh Issue less the Offer Expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilised in the following manner:
- Repayment/prepayment of certain indebtedness availed by the Company (including accrued interest);
- Funding working capital requirements; and
- General corporate purposes
Registrar & Company Details
| Company Contact Information | Rossari Biotech IPO Registrar |
| Rossari Biotech Ltd 201 A – B, 2nd Floor, Akruti Corporate Park, L.B.S. Marg, next to GE Gardens, Kanjurmarg (W), Mumbai 400 079, India Phone: +91-22-6123 3800 Email: info@rossarimail.com Website: https://www.rossari.com/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: rossaribio.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
