Rossari Biotech Ltd IPO Message Board (Page 26)

RII is on fire !!... good signs

This is not an IPO , but an OFS ( xprt comnts pls. ) , check the fallouts in case of ICICI Securities IPO.

Rossari Bio Take
Rossari Boycott !

it's very high priced IPO.
Asking P/E is above industry average.
IPO is priced at same rate when sensex was 42000.
No pari passu discount given to subscribers.

IMO save your hard earned money.This company only wants to compensate loss incurred during lockdown.You can buy SBI card below 650 rate with this IPO money.Don't get trapped by agents.All fake GMPs.GMP is going to be zero once issue closes.

You are right bro. Just P/E comparison should not be the criteria.But the question is how do you know the management and governance.Do you require CA for that purpose. & let me tell you growth and other factors.Just compare RHP & DRHP. DRHP is 1 year old & RHP filed just recently.You will find Degrowth in basic and diluted EPS , RoNW , RoA and other factors.Just check where their peers were trading before 4 months and now.Certainly they are trading at low P/E as mentioned in RHP. So to justify valuation with peer group companies price should be brought down by at least 10-15 % to keep something on the table.I hope you understand.However It is better to check last day subscription numbers to decide whether to apply or not.

Correct me if iam wrong ... Old offering was at 620 rupees , as you correctly pointed out peer comparison now their offering at 420 rupees . Hence justified. Even i agree they are little higher priced , 380 would have been good range still their clientele like HUL justify the pricing

Experts please tell me i have limited funds due to which i can apply 1 ipo with good force.
Please tell me which one to choose this one or yesb

I am going for yes bank out of 2 due to lack of fund
1) almost sure gain of 1500-2000 in yes bank Fpo
2)less chance for retail to get 1 lot due to heavy subscription

Apply for 10-15% listing gain and risk 5-7%

Can be applied with Medium to Short Term

See the conditions of SBI CARDS. SO BOYCOTT

The story of the company is really good i think it has more for investors. The RBL manufactures majority of its products in-house from its manufacturing facility at
Silvassa (running at ~82% utilization levels) and currently setting up another
manufacturing facility at Dahej in Gujarat with a proposed installed capacity of 132,500
MTPA. It has 2 R&D facilities– one within the Silvassa Manufacturing Facility and second
in Mumbai. As a manufacturer of specialty chemicals, it focuses on functionality and
application of its products which form a key ingredient to its customers’ manufacturing
and industrial processes.

The listing premium will be really high and will hold the stock for long period...

BOYCOTT, BOYCOTT, BOYCOTT, BOYCOTT, BOYCOTT

Boycott

Fake GMP like SBI cards

Fake GMP

Don't apply at all.

Public ko lootne aa gya ye ipo.Dont apply. Buy after listing it will be available in discount like SBI CARDS. SO PLEASE DONT APPLY. FAKE GMP.

I believe the company has a great potential because it has a Diversified product portfolio, Well-known textile specialty chemical manufacturer in India ....great In-house manufacturing unit and the expansion of manufacturing capacity would increase the production efficiency and economies of scale.
I would definitely apply for this IPO.....Fairly Value....

Rosary GMP anybody can give today's rate

Can i apply for 5 different demat accounts of my family members having different PAN under one SBI ASBA account??

Will all the biddings be eligible.. or do i need to apply through each individual bank?
Before lockdown there was news that ASBA mode would be not availabe after march 2020, any update on this?

Yes! You can...

Can I apply for IPO if ECN and POA are not done yet?

Yes you can apply for the ipo but you will not be able to sell it until poa is completed.

Should we invest in this or not?

Rossari Biotech Ltd-
Although on prima facie , PE at about 34 for share price @ 425, issue appears fully priced....
But,
considering the demand for speciality chemical boycott China/Make in India campaign, good track record and global presence of company , diversified product portfolio (More than 2000 products for Fmcg , Apparel, Poultry and Animal feed industries) , I will apply through all my account.
Some listing gain should must be there but it will become very profitable after medium to long term.
Thanks.

Sir, how much listing gain is possible, please suggest.