In the six months ended September 30, 2019, Fiscal 2019, Fiscal 2018 and Fiscal 2017, they generated total revenue of Rs.2,797.66 million, Rs.5,171.24 million, Rs.3,004.29 million and Rs.2,605.97 million, respectively, EBITDA of Rs.506.26 million, Rs.776.28 million, Rs.426.34 million and Rs.239.92 million, respectively and net profit after tax of Rs.319.00 million, Rs.456.83 million, Rs.254.03 million and Rs.142.85 million, respectively. Author IPO Guru Team. Further Multiples of: 35. ... Speciality chemicals manufacturer Rossari Biotech was the first successful IPO this year after SBI Cards in March. Rossari Biotech IPO Date & details. Application 425. “Gland Pharma is a niche player, focused on injectables. The Registrar to this issue is Link Intime India Private Limited. We began the year on a strong note with the blockbuster initial public offering of SBI Cards, which was heavily oversubscribed and rose manifolds after its debut. Rossari Biotech was founded in 2003 as a partnership firm in the name of Rossari Labtech by Mr. Edward Walter Menezes, and Mr. Sunil Srinivasan Chari, who are both career-technocrats cumulatively having over 45 years of experience in the specialty chemicals industry. 10.39. Proven track record of robust financial performance. Zerodha: Flat Rs.20 brokerage on intraday trade; Free Equity Delivery Trades; 100% brokerage refund if in 60 days you have made net profits. Rossari Biotech IPO Subscription Details (Day by Day) Rossari Biotech IPO subscribed 79.37 times.Rossari Biotech IPO received bids for 7.23 times issue size in retail, 85.26 times issue size in QIB, and 239.83 times issue size in the Non-institutional category by Jul 15, 2020 17:00. Your email address will not be published. … Overlay. The future prospects are bright as it has 267 ANDA filings of which 215 are approved," said Hemang Jani, Head of Equity Strategy, Broking, and Distribution at Motilal Oswal Financial Services. Get the Offer !!! INR423 – 425 per share. The Shares of Rossari Biotech Ltd will get credited to Demat accounts on July 21, 2020. Click the green button Rossari Biotech IPO Allotment Status above to check the allotment. Required fields are marked *. Fresh issue. Rossari Biotech IPO is a main-board IPO of 11,682,033 equity shares of the face value of ₹2 aggregating up to ₹496.49 Crores. The Rs 702 crore IPO of IT solution services provider Happiest Minds Technologies was subscribed 151 times — seeing a bid for 3.51 billion shares — compared to the 23.3 million on offer. The top four IPOs of this year are: Rossari Biotech, Route Mobile, Happiest Minds Technologies and Burger King India, which have from the date of … Contact person: Mr. Arjun A. Mehrotra / Mr. Rupesh Khant NIFTY: 11250.55-254.40 (-2.21 %) SENSEX: 38034.14-811.68 (-2.09 %) Support Center. The … Its shares priced at the upper end of their Rs 1,490 to Rs 1,500 range and the IPO was subscribed 2.06 times. The Ashok Soota-led company’s IPO received a strong response from institutional investors, as well as retail investors, who bet on the seamless and end-to-end digital experience it provides. Earnings Per Share (EPS) = Rs 13.23 PE Ratio = 31.97 – 32.12 (Approx). It was further renamed to Rossari Biotech Limited and converted into a company in 2009. Rossari Biotech's initial public offer (IPO) was subscribed more than 38 per cent on Monday, the first day of issue. It wouldn’t be too much of a stretch to say that the Indian IPO market in 2020 was a roller coaster ride. Here’s a quick look at some of FY2020’s biggest IPOs so far: Cloud enterprise communication services company Route Mobile listed on the BSE and the NSE via a Rs 600 crore IPO. 500.00 million. Listing: BSE / NSE. As of midday trading on Tuesday, its shares had nearly doubled to Rs 827.10 from its final IPO price. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. Purpose of the offer. Happiest Minds Tech offers solutions for digital businesses, product engineering, infrastructure management, and security. Note the button remains to … Get this Deal !!! & more. Angel Broking: Rs.20 flat brokerage per order for all segments, except Equity Delivery Trading is absolutely Free. Sharekhan: Open a Demat Account with Sharekhan & Get Free Advisory & Trade with Best Trading App Now! Minimum investment: Rs 14,805. ICICI Securities Limited Rossari launched its IPO at a time when the rest of the market was floundering and searching for a support price during the pandemic. Maharashtra, India In its market debut, shares rose 123 percent from its final IPO price. The initial public offering (IPO) of Rossari Biotech was subscribed over 79 times on the last day of bidding on Wednesday. However, the Allotment status is not yet disclosed. Rs 1000 waived). As a specialty chemical manufacturing company, they continuously monitor industry trends so as to ensure that their products continue to remain relevant and help their customers meet the evolving market demands. Book Built Issue IPO. IPO closure date: 15-July-2020. Return on Net Worth (RONW) = 31.79% Net Asset Value = Rs 56.48 /Share. Rossari Biotech Ltd is coming up with a 500 crore IPO. Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.2 each at a price of Rs 425 per equity share aggregating to Rs.1,500.00 Million. [●] million. Overlay NIFTY: … Rossari Biotech IPO will start on 13 July 2020 and will close on 15 July 2020. * City * email * Select Services Subscribe to IPOOpen Demat Account, News 1 – Rossari Biotech IPO [Download RHP Prospectus], Your email address will not be published. About Rossari Biotech Ltd IPO Rossari Biotech was founded in 2003 as a partnership firm in the name of Rossari Labtech by Mr. Edward Walter Menezes, and Mr. Sunil Srinivasan Chari, who … Get the Deal !!! We want to introduce the best discount broker with multiple plans to give you more savings from traditional % base brokerage. Rossari Biotech shares will be listed on the NSE and BSE Rossari Biotech IPO subscribed 90% by noon on Day 2. diversified product portfolio addressing the needs of varied and long-standing customers across industries; largest textile specialty chemical manufacturer in India; extensive manufacturing and technical capabilities; strong R&D capabilities with focus on innovation and sustainability; experienced Promoters with strong management team having domain knowledge; and. They have been able to increase their total revenue from Fiscal 2017 to Fiscal 2019 at a compound annual growth rate of 41.07%, EBITDA at a compound annual growth rate of 79.87% and their profit after tax has increased at a compound annual growth rate of 77.83% over the same period. BSE Code for Rossari Biotech is 543213. In fact, it said those would reflect in its growth going forward. SENSEX 45079.55446.90 (1.00) NIFTY 13258.55124.65 (0.95) BANKNIFTY 30052.40603.65 (2.05) NIFTYMIDCAP 20197.3070.05 (0.35) INDIA VIX 18.03-0.97 (-5.12) USDINR 73.89-0.20 (-0.28) Sign In. The IPO will come with a fresh issue of Rs. As on September 30, 2019, they had a range of 1,948 different products sold across the three product categories. Offer For Sale. Rossari Biotech IPO allotment date is 20 July 2020 but the allotment might come on 21 July 2020. Mumbai: The Rs 496 crore Initial Public Offering (IPO) of speciality chemical company Rossari Biotech was subscribed over 79 times on the third and final day of the bidding process. Listing of their Equity shares ] million, [ ● ] million, [ ● million! Customized solutions to their customers chemicals in India based on sales for Fiscal 2019 track record of growth profitability... Formulations and applications of their Equity shares, aggregating up to 11,682,033 Equity shares on offer in.. 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