What are the products of Rossari biotech?

Home & Personal Care and Performance Chemicals

• Soaps and Detergents.
• Inks, Paints and Coatings.
• Ceramics and Tiles.
• Pulp and Paper.
• Cement.
• Water Treatment.

What do Rossari biotech do?

What does Rossari Biotech do? The company is among the largest manufacturers of textile specialty chemicals in India. The company offers three main product categories namely home, personal care and performance chemicals; textile specialty chemicals and animal health & nutrition products.

Who are the customers of Rossari biotech?

Within the home and personal care products space, its clients include brands such as Lifebuoy, Vim, Comfort, IFB, Bosch, Panasonic and Domex. “Rossari gets most of its business from domestic sales, which are over 80\%.

Why is Rossari biotech falling?

The reason for this fall is because of a go-ahead by the company board authorizing the company to raise Rs 300 crore by issuing equity shares on a preferential basis. These shares will be issued at Rs 996, a discount of 10.35\% to its March 23 price.

Is Rossari biotech a good company?

At the level of specific company – Rossari biotech is really a good company in working culture and product quality. You can be optimistic about the company.

When did Rossari biotech start?

August 10, 2009
Rossari Biotech/Founded

Is rossari back in the secondary market?

The IPO mart went into a hiatus since the last mainboard issue — the Rs 206 crore Antony Waste Handling Cell IPO — was also called off in March amid tepid investor response. With the secondary market now looking up, Rossari is back with its fundraising plans.

What went wrong with rossari IPO?

Rossari IPO was caught in Covid blues at first attempt. It was to launch its IPO on March 18, but cancelled its IPO press conference on March 13 as market conditions turned unfavourable.

Where are rossari biotech products made?

Rossari Biotech manufactures majority of its products in-house from their manufacturing facility at Silvassa and currently setting up another manufacturing facility at Dahej in Gujarat with a proposed installed capacity of 132,500 MTPA.

What is the price-to-earnings multiple of rossari?

These listed firms traded at a price-to-earnings multiple of 20-35, as of March 31, as per the company filing. Rossari is seeking a PE of 31 times. In the home, personal care and performance chemicals segments, the company has competition from MNCs such as Merck, BASF and Wacher AG, in addition to domestic players such as Aarti, Galaxy and Atul.