172@29@17@249!~!172@29@0@53!~!|news|business|stocks|subscribe-to-rossari-biotech-emkay-global-financial-5542401.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
Last Updated : Jul 13, 2020 06:07 PM IST | Source: Moneycontrol.com

Subscribe to Rossari Biotech: Emkay Global Financial

Emkay Global Financial Rossari Biotech is planning to raise ~Rs4.95bn through a mix of fresh issue (Rs500mn, 1.17mn shares) combined with Offer for Sale (OFS) route (~Rs4.45bn, 10.5mn shares), to the public.

Broker Research @moneycontrolcom

Emkay Global Financial's IPO report on Rossari Biotech



Rossari Biotech is planning to raise ~Rs4.95bn through a mix of fresh issue (Rs500mn, 1.17mn shares) combined with Offer for Sale (OFS) route (~Rs4.45bn, 10.5mn shares), to the public. Management plans to utilize the capital raised for: 1) repaying debt of ~Rs650mn, and 2) supplement future working capital requirements of ~Rs500mn.Total borrowings were ~Rs600mn in FY20 vs. ~Rs40mn in FY19.




Valuation and Outlook


The new capacity expansion at Dahej (132ktpa) should strengthen its portfolio in the high-growth HPPC segment to serve its wide customer base. Customized product offering, fungible capacities and rapid finished product conversion rate remain the key differentiators for the comp.


For all IPO stories, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Jul 13, 2020 06:07 pm
Sections