Rossari Biotech Ltd.

Rossari Biotech Ltd. IPO Details

Rossari Biotech Ltd. IPO Subscription Period From 13th July To 15th July 2020:

To begin with, the Rossari Biotech Ltd. embodied in 2009. Certainly, the company came up as a manufacturer of textile specialty chemicals. On the other hand, it provides customized solutions to the apparel and also animal & poultry feed. The company plans to enter the market through its initial public offering. The IPO subscription period will start on 13th July and it will end on 15th July 2020.

Rossari Biotech Ltd. IPO Details:

Bid Period 13th July to 15th July 2020
IPO Type Book Built Issue IPO
IPO Size 1,16,82,033 Eq Shares of Rs. 2 (aggregating up to Rs. 496.49 cr)
Offer for Sale 1,05,00,000 Eq Shares of Rs. 2 (aggregating up to Rs. 500 cr)
Face Value Rs. 2 per Equity Share
IPO Price Rs. 423 to Rs. 425 Per Equity Share
Market Lot 35 Shares
Minimum Order Quantity 35 Shares
Listing At BSE, NSE

The company introduced a ‘Book Built Issue IPO‘ type initial public offering with the face value of Rs. 10 per equity share. Initially, Rossari Biotech provided an issue size of 1,16,82,033 equity shares with an aggregating of Rs. 496.49 cr. Similarly, the price band of the issue from Rs. 423 to Rs. 425 per equity share.

The market lot and minimum order quantity of the issue is 35 shares per each. If any investor should invest in this company with a minimum investment amount of Rs. 14,875 (1 lot=35 shares). Also, the maximum investment amount of Rs. 1,93,375 (13 lot= 455 shares).

Promoter Holdings:

The promoters of the company are Mr. Edward Menezes and Mr. Sunil Chari.

Pre Issue Share Holding 95.06%
Post Issue Share Holding

The object of the company, it plans to utilize the IPO raised amount for the working capital requirements, and issue expenses. The company shares will be list on both the National Stock Exchange and Bombay Stock Exchange. 

IPO Registrar:

Link Intime India Private Ltd

C 101, 247 Park, L.B.S.Marg,

Vikhroli (West), Mumbai-400083

Phone: +91-22-4918 6270

Email: [email protected]

Website: http://www.linkintime.co.in

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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