Rossari Biotech Ltd IPO Message Board (Page 28)

Rossari Biotech IPO
GMP 101 +/- 2

Rossari Biotech IPO

GMP 101 +/- 2

Hi ...agree...and waiting for profit..lol

How many lots available for retail portion??

I want to know that in this ipo can we apply by submitting ipo physical form through asba bank
Or
Compulsory we have to use upi mandate or online

Rossari Biotech IPO

GMP 104 +/- 2

Rossari Biotech IPO – *Market’s Current Estimates of oversubscription*:

RII = 8L Forms = 6.85X Applic. wise (Avg allotment of ~5.11 shares per lot)
NII = 5K Crs. = ~67.17X

Interest cost *@7.50%p.a.* for 7days = 61.13 paise for 1X

Thus, for NII the costing = 67.17 X 61.13paise = Rs.41.06 per share (= GMP)

And, for RII the costing = 5.11 X 41.06 = Rs. ~210/- (= Kostak)

Rossari Biotech IPO – *GMP Estimated*
GMP 40 +/- 2
Kostak 250 +/- 25

@amit sir, your view on this ipo?

I will decide next week on 14 th or 15th, we need to be careful about current situation while subscribing the ipo. Many people will post optimistic views with vested interest, we have to make our own analysis. I will keep posted, if we need to apply or avoid.

Investors should subscribe it for 1-2 years(ignore GMP).
Traders or very short term investors may avoid,
I will decide on last day
Bast of luck

Best of luck
Small size ipo
Listing will be positive (i believe)
Lower subscription might seen due to current situation

@ashishn, I agree corona effects, but the GMP was PURELY manipulated for 3 months. The IPO was supposed to come in January with the price range of 600, but they took the benefit of GMP manipulation, and increased price to 755 and came in March. So, they have definitely LOOTED retail investors in the name of FAKE GMP.

After disaster of SBI CARDS IPO, I am not really sure if this is going to be subscribed even 1X in retail. And GMP which is showing atm will be brought down to 0 after the issue closed, considering the current market conditions.

Yes I agree sbi cards fooled everyone, but at that corona spoiled this ipo premium

subcripe kitene time hoga

Smart investment showing GMP as 130Rs as of now,can I apply for listing gain?

In SBI CARDS, the GMP was 350 at some point of time, do you really think we could trust this GMPs now :)?

Rossari Biotech Ltd. IPO peer comparison:
Rossari Biotech (RB)
Galaxy Surfactants (GS)
Aarti Industries (AI)
Vinati Organic (VO)
Fine Organic (FO)

Co. PE M.Cap Revenue Profit
RB 33.8 2.2K 604 65
GS 30.9 5.6K 1797 182
AI 31.3 16.4K 3994 523
VO 31.4 10.5K 1028 333
FO 35.44 5.9K 1026 166

Above companies are not much favourite of FII as they hold only 1 to 5% but mutual fund holding 12 to 15%.
In present scneriyo listing gain or short term gain may be low but good bet for long term. Let's see the response of QIB & HNI....

Thanks

Great sir, long term investors can think
Nominal listing gain depend on qib and HNI subscription
Ipo priced at higher side

One should not subscribe IPOs based only on GMP. One Should know company fundamentals, Nature of business, Growth Prospects, Balance sheets etc.
Rossari Biotech IPO Face Value 2/-
IPO Price 425 upper side
Asking price was too Higher side.
Some IPO investors will not think about Face Value but still .....
Let's see how QIBs and HNIs will participate in this IPO

Yes sir looks costly, pre ipo placement was done in same price when nifty was around 12k

Should I apply or not this ipo? Why not much discussion going on here?

Most of them are quarantined or in lockdown... no one is daring to come up for discussion due to COVID

Does SBI ASBA mode work now??
or do i need to apply via UPI mode??

Thanking in anticipation...

Rossari Biotech IPO – *Market’s Current Estimates of oversubscription*:

RII = 10L Forms = 8.56X Applic. wise (Avg allotment of ~4.09 shares per lot)
NII = 16K Crs. = ~214.95X

Interest cost *@7.50%p.a.* for 7days = 61.13 paise for 1X

Thus, for NII the costing = 214.95 X 61.13paise = Rs.131.40 per share (= GMP)

And, for RII the costing = 4.09 X 131.40 = Rs. ~537/- (= Kostak)

Rossari Biotech IPO – *GMP Estimated*
GMP 130 +/- 2
Kostak 500 +/- 25

EagleEye ji aap kyu eis ipo ko chdane par lge hue hei, any personal issue

Rossari Biotech IPO
GMP 130 +/- 2
Kostak 500 +/- 25

वग़ैर volume ना खोटा भाव

No one is giving correct bhav for even 10,000 shares की एक क़लम

No Buyers
Only Sellers

Rossari Biotech IPO
GMP 130 +/- 2
Kostak 500 +/- 25

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Dear Admin
I think you started giving Reviews. This Rossari Biotech IPO was the First Review from your side.
Hope for Perfect Reviews in up coming IPOs also.