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Rossari Biotech IPO
Topic
The Rossari IPO is opened from 13th July to 15th July 2020
Whether you should apply of Not?
The issue is for Rs.50 Cr fresh Issue and Rs.450 Cr OFS
Price Band Rs.423-425
Market Lot Size - 35
Post Issue implied market cap - Rs.2197 Cr - 2207 Cr
In our view and the reports of the broking houses, you should apply for this IPO.
Rossari Biotech Ltd.
Rossari Biotech Ltd.
Largest manufacturer of textile speciality chemicals in India.
Operates in India as well as 17 more foreign countries.
11% revenue comes from exports.
Rossari Biotech Ltd.
Manufacturing facility at Silvassa and currently setting up another facilitiy at Dahej in Gujarat.
Two R & D Facilities - Silvassa & Mumbai.
Pan India distribution Network
Rossari Biotech Ltd.
The Key Financials of the company are very strong -
Rossari Biotech Ltd.
Breakup of Revenue -
Rossari Biotech Ltd.
Some key facts -
Price to Earnings Multiple - 31 times
Both short term & long term oriented market participents will benefit from this IPO.
Short term oriented participants can go for listing gains.
Rossari Biotech Ltd.
We wish the IPO to be a successful One!
Rajesh Dubey