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06 August 2020

IPO Synopsis

Rossari Biotech Ltd
Registered Office: 201 A-B 2nd Floor LBS Marg,Akruti Corporate Park Kanjur(W , Mumbai - 400079 , Maharashtra , India.
Phone : 91-22-6123 3800   Fax:
Email :  
Website :
Initial Public Offering of 11,676,470 equity shares of face value of (Rs)2 each ("equity shares") of Rossari Biotech Limited (the "company" or the "issuer") for cash at a price of (Rs)425 per equity share (including a share premium of (Rs)423 per equity share) (the "offer price") aggregating to (Rs)496.25 Crores comprising a fresh issue of 1,176,470 equity shares aggregating to (Rs)50* Crores (the "fresh issue") and an offer for sale of 10,500,000 equity shares (the "offered shares") aggregating to (Rs)44.63 Crores, comprising an offer for sale of 5,250,000 equity shares aggregating to (Rs)22.31 Crores by Mr. Edward Menezes and 5,250,000 equity shares aggregating to (Rs)22.31 Crores by Mr. Sunil Chari (the "promoter selling shareholders" or the "selling shareholders"), (the "offer for sale", and together with the fresh issue, the "offer"). The offer shall constitute 22.49% of the post-offer paid up equity share capital of the company. The company has, in consultation with the book running lead managers ("brlms"), undertaken a private placement of equity shares aggregating to (Rs)99.999 Crores ("pre-ipo placement"). The size of the fresh issue of up to (Rs)150 Crores has been reduced by (Rs)99.999 Crores pursuant to the pre-ipo placement and accordingly, the size of the fresh issue is up to (Rs)50. Crores

Issue Money Payable On
Opens On Closes On Application Allotment
13-Jul-20 15-Jul-20 (Rs)425.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :35  Further Multiples of :35

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Axis Capital Ltd
Project Financed through Current Offer 496.25  
Post Issue Equity Share Capital 10.39  
Issue Price (Rs)425.00  
Repayment/Prepayment of certain Indebtedness availed by the company (including accrued Interest)General Corporate Purposes
Funding Working Capital Requirements
Promoted By
Edward Walter Menezes  
Sunil Srinivasan Chari  
Listing At
Registrar to the Issue
Link Intime India Pvt Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501