Update:
Rossari Biotech Listing:
Rossari Biotech Limited – one of India’s prominent specialty chemical manufacturing companies started its very first first trading day with a whopping 57.65% premium over its IPO price today.
On the National Stock Exchange, the share price traded at INR 676.75, up by INR 251.75 or 59.24% over IPO price, with volumes of 40,88,564 equity shares.
On the NSE, the stock made a high of INR 803.10 and a low of INR 664 before it ended at INR 741.65 on the National Stock Exchange, up 74.51% when the market closed.
In terms of volumes, Rossari Biotech Limited traded with 35,781,623 shares on the NSE.
Read: Finblab Valuepick Stock Escorts Limited
9 July 2020
Rossari Biotech Limited is amongst India’s leading textile and specialty chemical manufacturers – is planning to raise INR 496.25 Cr via IPO [50 Cr Fresh Issue + 446.25 Cr OFS]
Rossari Biotech: Company Profile
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.
It was further renamed to Rossari Biotech Limited and converted into a company in the year 2009.
Rossari Biotech: Business
Rossari Biotech Ltd is one of India’s prominent specialty chemical manufacturing companies and provides customized solutions to specific industrial and production requirements of its customers.
The business of the company can be classified into 3 main categories –
- home, personal care, and performance chemicals;
- textile specialty chemicals; and
- animal health and nutrition products
As per the F&S Report published on 30th Sept 2019, it is the largest textile specialty chemical manufacturer in India.
As of 31 January 2020, Rossari Biotech Limited had a range of 1,960 different products across 3 categories.
Rossari Biotech: Manufacturing Facilities
Most of the products of the company are manufactured in-house.
The Company 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 (Gujarat) will be commissioned in fiscal 2021 with an installed capacity of 132,500 MTPA.
Rossari Biotech: R&D facilities
Rossari Biotech also has 2 R&D facilities, one in Silvassa and second in Mumbai to focus on new product development, formulations, and cost competitiveness.
Company Strength:
The Company has more than 194 distributors across India and 27 distributors spread in other 17 countries.
Rossari: Competitive Strengths
- Diversified product portfolio addressing the needs of varied customers
- Largest textile specialty chemical manufacturer in India
- Extensive manufacturing and technical capabilities
- Solid R&D skills with a focus on innovation and sustainability
- Wide sales and distribution network
- Experienced Promoters with a strong management team
Company Promoters:
Mr. Edward Menezes is the Executive Chairman and Co-Founder of the Company and mentors the Company’s technical, manufacturing, and marketing initiatives. He comes with a vast breadth of experience spread over 34 years of having worked in textile processing in mills.
Mr. Sunil Chari is the MD and Co-Founder who drives the growth of Rossari Biotech. His passion for the (1) business, (2) people, and (3) processes provides Rossari Biotech a competitive advantage in the market. With over 30 years of experience in textiles and ancillary chemicals, Mr. Chari brings to the table his vast knowledge and market wisdom.
IPO Opening / Closing Date
IPO Details – Price, Minimum Bid and Other
Financial Performance
CONCLUSION
Considering company’s valuation, financial parameters, and the sector potential, FinBlab recommends SUBSCRIBE ratings on Rossari Biotech Limited IPO
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