None of the listed chemical companies has the same business as Rossari. The IPO opens on Jul 13, 2020, and closes on Jul 15, 2020.. Link Intime India Private Ltd is the registrar for the IPO. The issue is priced at ₹423 to ₹425 per equity share. Rossari Biotech has a D/E ratio of 0.236509097591055 which means that the company has low proportion of debt in its capital. Its current market capitalisation stands at Rs 4295.08 Cr. NEW DELHI: The Rs 496 crore Rossari Biotech IPO hit the primary market this morning. According to the F&S Report, as on September 30, 2019, Rossari Biotech is the largest manufacturer of textile specialty chemicals in India providing textile specialty chemicals in a sustainable, eco-friendly yet competitive manner. However, the company didn't clarify on its December 2019 estimated valuation. 58.5x. Valuation. Rossari Biotech = 3.59. The initial public offering (IPO) of Rossari Biotech, a speciality chemicals manufacturing company, can be given a miss. Rossari Biotech Ltd.-ROSSARI, BSE:543213 Latest news, stock scores, research reports and price movements. Is Rossari Biotech undervalued compared to its fair value and its price relative to the market? About Rossari Biotech Ltd ‘Rossari Labtech’ was commenced as a partnership firm in specialty chemicals business in March 2003 by Mr. Edward Menezes and Mr. Sunil Chari as partners. The return on capital employed (RoCE) stood at 24.79 per cent for FY20, 50.93 per cent for FY19 and 34.68 per cent for FY18. If someone wants to invest for a long-term wealth creation, ‘Bharat Bond ETF, Rossari Biotech, and Yes Bank IPO are preferred choice filtered on the basis of wealth creation/protection of capital. Outlook & Valuation: At the upper end of the price band, Rossari demands PE multiple of 32.1x F.Y.20 fully diluted EPS. Subsequently, by June 2009, the partnership firm was changed to a private company Rossari Biotech Limited. Vinati organics = 10.14 . 2 each, comprising fresh issue of up to Rs. Get all the key statistics for ROSSARI BIOTECH LIMITED (ROSSARI.BO), including valuation measures, fiscal year financial statistics, trading records, share statistics and more. Rossari Biotech stake sale worth Rs 496 crore on the first day of its price band IPO i.e.,July 13, received bids for about 60 per cent or 49,30,030 shares of 81,73,530 issued shares on the block. Its today's share price is 830.45. In addition Rossari Biotech Serves Customised Solution to other Segment like Animal feed/food, Fast Moving Consumer Goods Industries by proving various Diversified and specialist product portfolio. Rossari Biotech is one of the leading speciality chemicals manufacturing companies in India providing customized solutions to the specific industrial and productional requirements in the FMCG, poultry, apparel, and animal feed industries through its wide range of product portfolio comprising home, personal care, and performance chemicals; textile … 50 crore and an offer for sale (OFS) of up to 1.05 crore by the promoters, in the price band of Rs. Rossari Biotech is the largest manufacturer of textile specialty chemicals in India (Source: F&S). Rossari Biotech Ltd. was incorporated in the year 2003. See fundamentals, technicals, peer comparison, shareholding change Rossari Biotech operates in 18 countries including Vietnam, Bangladesh and Mauritius, besides India. 3.Financial details: In fiscal 2020, Rossari Biotech registered a total revenue of Rs 603.82 crore, EBITDA of Rs 104.53 crore and net profit after tax of Rs 65.25 crore. Mumbai-based Rossari Biotech, a speciality chemical manufacturer, has received market regulator SEBI’s approval for its Initial Public Offering (IPO). Rossari Biotech's intrinsic value calculated by icTracker using Intellectual Capital analysis Its specialty chemical peers such as Galaxy Surfactants, Fine Organics, Aarti industries, Atul and Vinati Organics are currently trading at F.Y.2020 P/E … Company sells specialty chemicals for the entire value-chain starting from fiber, yarn to fabric, wet processing and garment processing and manufactures/sells ~1,520 products. Rossari Biotech Ltd – IPO Review : Rossari Biotech Limited is a producer of textiles and textiles products specialise chemical. IPO Price Band: Rs. ABOUT US Rossari Biotech Limited Minimizing the ecological footprint of manufacturing while maximizing customer benefits. Its product portfolio comprises of home, personal care & performance chemicals, textile specialty chemicals, and animal health and nutrition products. Share Price vs. Fair Value. 423-425 per share. Rossari Biotech: Overview. Coronavirus impact on Rossari Biotech Rossari Biotech Ltd. operates as a specialty chemicals manufacturing company. Rossari Biotech IPO Details. 423 - Rs. Map/revenue multiple. Atul industries = 3.4 Aarti industries = 3.4 Rossari Biotech was founded in the year 2003 as a partnership firm in the name of Rossari Labtech by Edward Walter Menezes and Sunil Srinivasan Chari, who are both career-technocrats cumulatively having more than 45 years of experience in the specialty chemicals industry. Rossari Biotech is a leading manufacturer of acrylic polymers in India and currently manufacture over 300 products for our customers in the soaps and detergent, paints, inks and coatings, ceramics and tiles, water treatment chemicals and pulp and paper industries. Key things to know 3 min read. Rossari Biotech IPO description – Rossari Biotech is one of the leading specialty chemicals manufacturing companies in India and provides customized solutions to specific industrial and production requirements of its customers primarily in the FMCG, apparel, poultry and animal feed industries.The company has a diversified product portfolio comprising home, personal care and … Below Fair Value: 543213 (₹823.55) is trading above our estimate of fair value (₹597.91) PE Valuation. Since it is the first IPO after the Covid-19 outbreak, market traders are expecting the issue to list at a hefty premium. The valuation bug has hit the first mainboard Initial Public Offer (IPO) of FY21, as Rossari Biotech Ltd, on the first day garnered just 0.25 times subscription. We are amongst India’s leading textile and specialty chemical manufacturers based on sales of fiscal 2019 with over a decade history of … Rossari Biotech is entering the primary market on Monday 13 th July 2020, to raise Rs. VALUATION. Price to Earnings (PE) ratio. Rossari Biotech: Company Profile. 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. In February 2020 we did our pre-IPO placement… at Rs 425 per share and even now our IPO is priced at Rs 425 per share,” the company said. Jul 13, 2020 - Jul 15, 2020. 496 crore via an IPO of equity shares of Rs. The company is in the process of establishing new manufacturing, unit at the Dahej Gujarat with a proposed installed capacity of 132,500 MTPA ... Rossari biotech is one of the leading manufacturing companies and a well-known brand in Indian specialty chemicals market, offering large portfolio of chemicals and enzymes. Rossari reported a return on net worth of 31.79 per cent for FY20, , 43.32 per cent for FY19 and 34.08 per cent FY18. Get the upstox app here:- https://upstox.com/open-demat-account/?utm_source=influencer&utm_medium=organic&utm_term=july2020ManojKumarJain Limited … Rossari Biotech denied it had cut its valuation. Rossari Biotech operates in India as well as in 17 foreign countries including Vietnam, Bangladesh, and Mauritius. The minimum order quantity is 35 Shares. Pricey valuation, intense competition in … PE of Rossari Biotech: At Low Price - 31.97 At High Price - 32.1. Inventory turnover ratio : - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. Rossari Biotech's IPO details. Issue Type. The asking valuations are a … Rossari Biotech Ltd 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. Issue Size. Rossari Biotech's debt-equity ratio stood steady at 0.23 across FY2018-2020, the company said in its DHRP. At the higher end of the Rs 423-425 price band, the specialty chemicals manufacturer is seeking a valuation of 19.9 times FY20’s EV/Ebitda and 33.1 times earnings per share on a FY20 basis. IPO Date. 425. Basic EPS 13.42. ... Valuation and Investment outlook. Book Built Issue IPO. 1,16,76,647 Eq Shares of Rs 2 (aggregating up to Rs 496.25 Cr) “We… have not trimmed our valuations. Know about Rossari Biotech peers and competition. Rossari Biotech shares will be listed on the NSE and BSE Rossari Biotech IPO subscribed 90% by noon on Day 2. 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