Know about Rossari Biotech peers and competition. The IPO opens on Jul 13, 2020, and closes on Jul 15, 2020.. Link Intime India Private Ltd is the registrar for the IPO. IPO Date. See fundamentals, technicals, peer comparison, shareholding change 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. Get the upstox app here:- https://upstox.com/open-demat-account/?utm_source=influencer&utm_medium=organic&utm_term=july2020ManojKumarJain Limited … Issue Type. 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. Inventory turnover ratio : - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. ... Valuation and Investment outlook. 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. 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. 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. Rossari Biotech's intrinsic value calculated by icTracker using Intellectual Capital analysis 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. None of the listed chemical companies has the same business as Rossari. Rossari Biotech operates in India as well as in 17 foreign countries including Vietnam, Bangladesh, and Mauritius. Jul 13, 2020 - Jul 15, 2020. PE Valuation. PE of Rossari Biotech: At Low Price - 31.97 At High Price - 32.1. Rossari Biotech Ltd.-ROSSARI, BSE:543213 Latest news, stock scores, research reports and price movements. However, the company didn't clarify on its December 2019 estimated valuation. NEW DELHI: The Rs 496 crore Rossari Biotech IPO hit the primary market this morning. Rossari Biotech = 3.59. Atul industries = 3.4 Aarti industries = 3.4 The asking valuations are a … 423 - Rs. Mumbai-based Rossari Biotech, a speciality chemical manufacturer, has received market regulator SEBI’s approval for its Initial Public Offering (IPO). 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. Vinati organics = 10.14 . Below Fair Value: 543213 (₹823.55) is trading above our estimate of fair value (₹597.91) Outlook & Valuation: At the upper end of the price band, Rossari demands PE multiple of 32.1x F.Y.20 fully diluted EPS. Issue Size. Rossari Biotech is the largest manufacturer of textile specialty chemicals in India (Source: F&S). 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 … Rossari Biotech Ltd – IPO Review : Rossari Biotech Limited is a producer of textiles and textiles products specialise chemical. 425. Rossari Biotech's IPO details. Rossari Biotech: Overview. The issue is priced at ₹423 to ₹425 per equity share. Its current market capitalisation stands at Rs 4295.08 Cr. Since it is the first IPO after the Covid-19 outbreak, market traders are expecting the issue to list at a hefty premium. 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. Its product portfolio comprises of home, personal care & performance chemicals, textile specialty chemicals, and animal health and nutrition products. Rossari Biotech: Company Profile. Key things to know 3 min read. Rossari Biotech denied it had cut its valuation. Map/revenue multiple. 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. Its today's share price is 830.45. “We… have not trimmed our valuations. Valuation. 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. Rossari Biotech operates in 18 countries including Vietnam, Bangladesh and Mauritius, besides India. 50 crore and an offer for sale (OFS) of up to 1.05 crore by the promoters, in the price band of Rs. Coronavirus impact on Rossari Biotech Subsequently, by June 2009, the partnership firm was changed to a private company Rossari Biotech Limited. The initial public offering (IPO) of Rossari Biotech, a speciality chemicals manufacturing company, can be given a miss. Basic EPS 13.42. 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. Rossari Biotech IPO Details. 58.5x. Rossari Biotech is entering the primary market on Monday 13 th July 2020, to raise Rs. VALUATION. Rossari Biotech Ltd. operates as a specialty chemicals manufacturing company. 1,16,76,647 Eq Shares of Rs 2 (aggregating up to Rs 496.25 Cr) 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. 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. Pricey valuation, intense competition in … Share Price vs. Fair Value. Rossari Biotech's debt-equity ratio stood steady at 0.23 across FY2018-2020, the company said in its DHRP. 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. 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. Is Rossari Biotech undervalued compared to its fair value and its price relative to the market? The minimum order quantity is 35 Shares. Rossari Biotech has a D/E ratio of 0.236509097591055 which means that the company has low proportion of debt in its capital. Compare valuation, technicals, and forecasts of Rossari Biotech Ltd against its competitors 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. ABOUT US Rossari Biotech Limited Minimizing the ecological footprint of manufacturing while maximizing customer benefits. Rossari Biotech Ltd. was incorporated in the year 2003. Rossari Biotech shares will be listed on the NSE and BSE Rossari Biotech IPO subscribed 90% by noon on Day 2. Rossari Biotech – Home, personal care and performance chemicals They are the leading manufacturer of acrylic polymers in India and currently manufacture over 300 products for their customers in the soaps and detergent, paints, inks and coatings, ceramics and tiles, water treatment chemicals and pulp and paper industries. 423-425 per share. Book Built Issue IPO. 2 each, comprising fresh issue of up to Rs. 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. 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 … We are amongst India’s leading textile and specialty chemical manufacturers based on sales of fiscal 2019 with over a decade history of … IPO Price Band: Rs. 496 crore via an IPO of equity shares of Rs. 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 … Price to Earnings (PE) ratio. 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