Book profit. Now valuation are insane
Rossari Biotech Limited IPO
Rossari Biotech is one of the leading specialty chemical manufacturing companies in India based on sales for Fiscal 2019. They provide customized solutions to specific industrial and production requirements of its customers primarily in the FMCG, apparel, poultry, and Animal feed industries. The business is organized into three main product categories –
(a) Home, Personal care, and Performance chemicals.
They are the leading manufacturer of acrylic polymers in India (Source: F&S Report). As on 31.01.2020, the company manufacture over 300 products in the soaps and detergent, paints, inks and coatings, ceramics and tiles, water treatment chemicals, and pulp and paper industries. They also manufacture institutional cleaning chemical formulations for hospitality, facility management, airports, corporates, food service, commercial laundry, malls, multiplexes, educational sectors, places of worship, etc. They are in advanced stages of expanding to home, personal care and performance product portfolio to water treatment formulations, specialty formulation for breweries as well as dairies.
(b) Textile specialty chemicals.
They provide specialty chemicals for the entire value-chain of the textile industry starting from fiber, yarn to fabric, wet processing, and garment processing. As on January 31, 2020, manufactures and sales approximately 1,524 products for its customers in this product category.
(c) Animal health and nutrition products.
They currently supply poultry feed supplements and additives, pet grooming, and pet treat including for weaning, infants, and adult pets. They currently manufacture over 100 products for its customers in this category. They forayed into the pet grooming sub-category pursuant to its acquisition of the ‘Lozalo’ brand in Fiscal 2019. As on January 31, 2020, they have a range of 1,960 different products sold across the three product categories.
Countries of Operation
It operates operation in India as well as in 17 foreign countries including Vietnam, Bangladesh, and Mauritius.
Revenue contribution from different business:
(a) Home, Personal care, and Performance chemicals = 37.81%
(b) Textile specialty chemicals = 52.18%
(c) Animal health and nutrition products = 10%
Manufacturing units and R&D Units:
They manufacture the majority of the products in-house from its manufacturing facility at Silvassa in the Union Territory of Dadra & Nagar Haveli. The Silvassa Manufacturing Facility has an installed capacity of 100,000 MTPA with an additional capacity of 20,000 MTPA in the process of being installed by March 2021. The Silvassa Manufacturing Facility has flexible manufacturing capabilities for powders, granules, and liquids. Further, they can interchange capacities across home, personal care, and performance chemicals; textile specialty chemicals; and animal health and nutrition products categories, which ensures that they can manufacture any of these products at any point in time depending on the specific requirements of customers.
They have two R&D facilities – one within the Silvassa Manufacturing Facility and another one in Mumbai.
Objects of the Rossari Biotech Limited IPO:
Rossari Biotech Limited IPO Details:
|Open Date:||Jul 13 2020|
|Close Date:||Jul 15 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||496 Cr.|
|Lot Size:||35 Shares|
|Issue Price:||₹ 423-425 Per Equity Share|
|Listing Date:||Jul 23 2020|
Promoters And Management:
Financials of Rossari Biotech Limited IPO:
|Year||Long-Term Debt||Short-Term Debt||Total Debt||NW||Debt/NW||RONW|
|Year||Current Assets||Current Liabilities||Current Ratio||Receivable Days||CFO||Capital Exp.||FCF|
|Name of the company||5-year Revenue Growth||5 year PAT Growth||EBITDA Margin (FY20)||ROE (FY20)||P/E|
Comparison With Peers:
Recommendation on Rossari Biotech Limited IPO:
Lead Manager of Rossari Biotech Limited IPO:
Registrar of Rossari Biotech Limited IPO:
Discussion on Rossari Biotech Limited IPO:
Yes insane 80% rise is not explained..
Wish allottees a wonderful listing at 9:45 am.
GMP is around 170. Expect a bumper listing
What likely to be Cut Off price of Yes Bank FPO? Whether it will be Rs 12 or more ?
rossary biotech applied for total 2L ,not even single lot not allotted.even sbi cards i got 1 lot.
When the issue is over subscribed you are entitled for only 1 lot that too on lottery basis.
Guys is it good for long term?
Yes very good share
I got 3 application out of 6.
No allotment 0/7 lot
If full subcribe,u will got only 1 lot insted of 5 or 7 lot.
I didn’t get even 1 lot
Why no allotment for 5 lots. 0/5
Not Allotted – 0/1 Lot
Allotment is out
Not alloted 0/2
What about allotment? Please reply
Rossary allotment status 👆🏻
it should be updated here by tomorrow …. All the Best 👍
Status about allotment?
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*Mindspace Business Parks REIT* has a quality office portfolio in Mumbai, Hyderabad, Pune and Chennai. The business parks in Mumbai are Mindspace Airoli East Business Park, Mindspace Airoli West Business Park, Paradigm Mindspace Malad and The Square, BKC(2).
The properties in the Pune include Commerzone Yerwada Business Park, Gera Commerzone Kharadi Business Park and The Square, Nagar Road. The Chennai property of the company is Commerzone Porur. And, the office parks in Hydrabad are Commerzone Pocharam and Mindspace Madhapur.
The total leasable area of Mindspace Business Parks are 12.1 msf, 11.6 msf, 5.0 msf and 0.8 msf in Mumbai, Hyderabad, Pune and Chennai, respectively. With total leasable area of 29.5 msf, it is one of the largest Grade-A office portfolios in India.
The under-construction area of the company is 2.8 m sq ft. The future construction of Mindspace Business is spread across Hyderabad, Chennai, and Mumbai in a 3.6 m sq ft area.
👨🏻💻 *Competitive Strengths*
◼️ Diversified and quality tenant base
◼️ Strong industry fundamentals
◼️ Experienced management team with KRC group support
◼️ Stable cash flows
I have applied for 5 lot but no allotment for me. 0/5
Jul 15, 2020 at 4:55 PM
QIB – 85.26x
HNI – 239.83x
Retail – 7.21x
Total – 79.36x
Jul 15, 2020 at 4:00 PM
QIB – 85.26x
HNI – 239.83x
Retail – 7.09x
Total – 79.30x
Jul 15, 2020 at 3:30 PM
QIB – 64.05x
HNI – 224.62x
Retail – 6.86x
Total – 69.86x
Jul 15, 2020 at 2:41 PM
QIB – 37.26x
HNI – 131.65x
Retail – 5.74x
Total – 41.73x
Live Subscribe Not Show this app…. Why….. ???
Jul 15, 2020 at 2:03 PM
QIB – 20.33x
HNI – 112.67x
Retail – 5.04x
Total – 32.47x
Jul 15, 2020 at 1:34 PM
QIB – 9.54x
HNI – 104.53x
Retail – 4.64x
Total – 27.45x
@ Market wizard
What about Yes Bank FPO
Only apply , if you have 2-3 years of horizon. Don’t apply for short term gain. You will be disappointed
Jul 15, 2020 at 1:00 PM
QIB – 9.10x
HNI – 84.25x
Retail – 4.36x
Total – 22.84x
Jul 15, 2020 at 12:53
QIB – 7.18x
HNI – 84.24x
Retail – 4.33x
Total – 22.27x
Jul 15, 2020 at 12:30
QIB – 7.09x
HNI – 79.84x
Retail – 4.21x
Total – 21.24x
Jul 15, 2020 at 11:53
QIB – 6.35x
HNI – 35.66x
Retail – 3.54x
Total – 11.23x
Jul 15, 2020 at 11:15
What is face value. It is shown as Rd.10/- whereas it is shown as Rs. 2/- as per chittorgarh.com website needs to be ascertained.
2 rs for sure
It is 2 bhai
What is the price in American dollars. Please reply
Rossari Biotech IPO
GMP 125 +/- 2
Kostak 500 +/- 25
Jul 13, 2020 17:00
Live not show…..
Apply in the IPO..
Any idea kitna guna bhrayega??
*IPO of Rossari Biotech Limited*
Issue Size: *₹496 cr* (at upper end of price band)
Price Band: *₹423 – ₹425*
_*Apply for 35 equity shares @ ₹425/-*_
_*IPO closes on Wednesday, 15th July, 2020*_
*Anchor Book (₹149 cr)* had participation from key Marquee Foreign and Domestic Institutional Investors.
Anchor allocations are as below:
*₹14 cr* each to : SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF, White Oak and Malabar
*₹8.3 cr* each to : Abu Dhabi Investment Authority, Goldman Sachs AM, HSBC Global, Axis MF, HDFC Life, Kotak Mahindra International
*₹5 cr* each to : Mirae MF, Sundaram MF and IIFL AIF
*Good investment opportunity!*
*Lead Manager: Axis Capital*
How to sell application in grey market? Any buyer?
Is registrar of this ipo is bigshare or linkintime?
Can u give ur mobile no
Or contact me on 7990796062
💡 *Rossari Biotech IPO – Schedule (Tentative)*
08th July – Announcement of Price Band
10th July – Anchor Investors Allotment
*13th July – Offer Opens*
*15th July – Offer Closes*
20th July – Finalisation of Basis of Allotment
21st July – Unblocking of ASBA Accounts
22nd July – Credit of Equity Shares to Depository Accounts
*23rd July – Commencement of Trading on NSE/BSE*
💡 *Rossari Biotech IPO – Issue Information (Tentative)*
Issue Opens on: 13 July 2020
Issue Closes on: 15 July 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,16,76,470 Shares
Face Value: Rs.2/- per Share
*Issue Price: Rs.400 – Rs.425 per Share*
*Market Lot: 35 Shares*
Listing At: NSE, BSE
Kostak or sub2??
*IPO of Rossari Biotech Limited*:
Price band –
8th July (Wednesday)
Webinars for Press, Broker & Analysts –
8th July (Wednesday) & 9th July (Thursday)
Anchor book – 10th July (Friday)
IPO opens – 13th July (Monday)
IPO closes – 15th July (Wednesday)
Listing – On or around 23rd July
Share Capital History:
1. As on 31.03.2019, Rossari Biotech has total 44 lakh Shares at Fv=10
2. On 25 Nov 2019, Rossari Biotech has split the shares from FV=10 to FV =2
Therefore, the number of shares have gone up from 44 lakh to 2.20 cr.
3. On 12.12.2019, they have issued bonus shares in 6:5. Means 6 shares for every 5 shares held.
Total new shares issued = 2.20 *6/5 = 2.64 Cr
Therefore, total shares outstanding as on DRHP filing is = 2.64+2.2 = 4.84cr.
Fy18-19 profit is 45 cr.
EPS = 45/4.84 = 9.35.
OFS of 1.05 cr shares
Fress issue of 50 Cr
At 425 Upper band. The size of IPO us 496 Cr.
HNI is 15%
Retail is 35%
A New Kid In Special Chemical Space.
Have Big clients like HUL IFB etc.
Revenue stood at 440 Cr For 9 Months Ended 2020…
Profit Expected to be 65 Cr as on FY 20
At 425 Price Band Company is valued at 2100 Cr MC
Which is 30X Valuation on Pat basis.
It’s a Good Company with good Cagr..and have better ROI.
Expecting 2022 PAT to be 90 Cr Hence at 2100 MC it’s coming ata PE of 26 X.
Peers like Aarti Vinita And Galaxy are Trading at 30X and Atul at 20X…
Hence If U want to Enter in chemical space into a New Company this look at good Players at a Good Growth in Revenue, exporting to Many Countries .
Pre ipo was done to axis icici IIFL and Sundaram group at 425 Rs.
The business of the company:
a) 50% of Rossari Biotech sales are coming from the Textile Specialty Chemicals(TSC) used in the Textile Sector.
b) 40% of Rossari Biotech sales are coming from Home Care Products chemicals (HPPC).
The home care ingredients comprise of ingredients which are used in the manufacturing of home care products such as floor cleaners, detergents, toiletries, etc. that have applications in home and industries.
90% of the sales are coming from two Industry chemicals i.e TSC and HPPC. 50% of sales are dependent on specialty chemicals to Indian textile manufacturers and export of the specialty chemicals to textile manufacturers in Bangladesh, Vietnam, and other global markets.
We all know the Indian textile sector is going through a tough phase. The big listed textile players like Welspun, Raymond, Trident, KPR Millss, and Vardhman Textiles have shown mere 6-10% CAGR growth in their revenues in the last 3 years.
As per DRHP, the peers are Galaxy Surfactants and Fine Organics. Currently, Fine Organics is trading at P/E of 35, and Galaxy Surfactants is trading at P/E of 32.
So if we get IPO at P/E of 25, then it can give good listing gain.
The company is really good.
What will be rossari biotech IPO price
The company has withdrawn its red herring prospectus available on the National Stock Exchange.
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