Rossari Biotech IPO

Rossari Biotech incorporated on Aug 10, 2009 is one of the leading specialty chemicals manufacturing companies in India, providing customized solutions to FMCG, apparel, poultry and animal feed industries.  They have diversifies product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals; and animal health and nutrition products. They operate in 17 foreign countries as well. According to the F&S Report, as on September 30, 2019, they are the largest manufacturer of textile specialty chemicals in India. The business of the company can be classified into three main categories which include textile specialty chemicals, animal health & nutrition products and home, personal care category.

They have manufacturing facility on 8.6 acres of land at Silvassa in the Union Territory of Dadra & Nagar Haveli which 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 and have 2 R&D facilities, one is Silvassa and another in Mumbai.

They are also currently setting up another manufacturing facility at Dahej in Gujarat with a proposed installed capacity of 132,500 MTPA

Promoters: Mr. Edward Menezes, and Mr. Sunil Chari

They have 194 distributors as on Sep 30, 2019 and 27 distributors at overseas locations.

Strengths:

• Diversified Products
• Largest textile specialty chemical manufacturer in India
• Extensive manufacturing and technical capabilities
• Strong R&D capabilities
• Wide sales and distribution network

Objects of the Issue

1. Repayment/prepayment of certain indebtedness availed by Company (including accrued interest)
2. Funding working capital requirements and
3. General corporate purposes.