Rossari Biotech is the first company to get listed in the Stock Exchange in the lockdown. SBI Cards was the last company to get listed in the Stock Exchange and so far there is not a single company that has been listed in the lockdown, Rossari Biotech will be the first company to get listed On 23rd July 2020.
The company is a Mumbai based chemical company and is going to launch its IPO on 13th July till 15th July 2020.
Here’s the list of things you need to know:
- IPO – The Issuing Of Public Offering will open on July 13(Monday) and close on July 15.
- Price band – The price band is of Rs 423-Rs 425/share. Each share will have a face value of Rs 2 with bid lots available in 35 shares and in multiples thereof.
- Purpose – The proceeds from the IPO will be used to primarily repay debt and fund working capital requirements, along with general corporate purposes.
- Listing Date – Based on the IPO the company is likely to get listed on 23rd July 2020.
- Merchand Bankers – Axis capital and ICICI securities are the lead managers for IPO and Axcelus Finserv is the adviser to the offer.
- About Company – Specialty chemical manufacturers based on sales of fiscal 2019 with over a decade history of innovative, agile, and rapid growth. Diversified into the animal health and nutrition, home, personal care and performance chemicals markets.
- Promoter holding – Edward Menezes and Sunil Chari are the promoters of the company. They hold 42.10 percent and 42.05 percent stake as, respectively, while the public shareholding stands at 4.9 percent.
