ROSSARI BIOTECH IPO
Good Analysis on this one, genuinely I found the valuation stretched, company is doing well no doubt. For a small cap company to trade @33x . Listed players are trading at lower multiple. Looks like retailers will be trapped again.Detailed analysis, covering
financials
promoter holdings
fundamentals
revenue expected in upcoming quarters
PAT ratios
should we apply or not,?
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by SEBI registered research analyst - Vibhor varshney
I second that. IPO price itself seemed stretched. But great for people who got it. I dinn apply and will wait to enter. Even if you win a rat race, you are still a rat 😋 so keeping away from noise!
However Valuations seems too stretched in every aspect in my view.
Bumper listing deserves celebration & celebration happens only thru booking profits.
Research thoroughly to build your own decision.
Speciality chemical maker Rossari Biotech listed at Rs 670 on the BSE,a premium of 57.65% compared to the issue price of Rs 425 a share.
Rossari Biotech is the first company to list during the lockdown & the 2nd to debut after SBI Cards & Payment Services IPO in March this year. @drprashantmish6 Rossari Biotech Limited ipo all details. A finance backgroud numbers look good..peer Galaxy and Aarti ese likha tha spciality chemical company he ye...kya me SIP kar sakta hu as chemical/pharma chalega 3 sal aab to...Doctor pls comment.@AnilSinghvi_
@ZeeBusiness
Sir Rossari Biotech IPO Allotment status link is Not updated yet on Linkintime (Registrar), and it's supposed to List on 23rd.
No update as of now.
Thanks for Reading 🙏
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