Rossari Biotech IPO Allotment Status linkintime, NSE & BSE Here:- Allotment of Rossari Biotech’s IPO is likely to be announced on Tuesday i.e. 21st July 2020. Wednesday, 15th July was the last date for subscribing to the initial public offering (IPO) of the chemical manufacturing company. The category reserved for qualified institutional buyers (QIBs) received 85.26 times subscriptions. Non-institutional investors received 239.83 times subscriptions. At the same time, the retail category received 7.23 times subscriptions. Rosari Biotech has raised Rs 149 crore from major investors before this IPO. For more details about rossari biotech allotment date and time ipo watch & zerodha, you are required to go through the complete article.
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Rossari Biotech IPO Allotment Status 2020 NSE & BSE
Rossari Biotech is a specialized chemical manufacturing company. The company primarily makes products related to home and personal care, performance chemical, textile specialty chemical and animal health and nutrition. It operates operation in India as well as in 17 foreign countries including Vietnam, Bangladesh, and Mauritius. The equity share received in the allotment are expected to be credited to DP accounts on July 22 and the listing of shares is likely to take place on July 23. These equity shares will be listed on the BSE and NSE.
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Important Dates and Details
|Name of the Company||Rossari Biotech PVT ltd|
|Subject of the Article||IPO allotment status 2020|
|IPO Opening Date||13th July 2020|
|IPO Closing Date||15th July 2020|
|Total Shares||11,682,033 equity shares|
|Offer for Sale||10,500,000 equity shares|
|Issue Type||Book Building|
|Issue Size||496 Crores|
|Face Value||Rs 2|
|Lot Size||35 Shares|
|IPO Issue Price||Rs 423 to 425 per equity share|
|Listing at||BSE, NSE|
|IPO Allotment Date||21st July 2020|
|IPO Listing Date||23rd July 2020|
Objects of the issue
The net proceeds of the Fresh Issue are proposed to be utilized in the following manner:
- To meet working capital requirements
- Pay off company’s debts
- General corporate purposes
Rossari Biotech IPO Issue Price
The company had fixed the price of each share for this IPO at Rs 423-425.
How to check the Rossari Biotech Allotment Status Online at Linkintime
Step 1- Visit the official website Link i.e. www.linkintime.co.in.
Step 2- Find the link of ‘Rossari Biotech IPO Allotment Status Link’ and click on it.
Step 3- Select the company and enter your Application number/ PAN Card number/ DP ID. Recheck all the details.
Step 4- Click on the submit button. Your Rossari biotech ipo allotment status news at NSE & BSE will appear on the screen.
Available Here>>>Rossari Biotech Allotment Status Link
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