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Rossari Biotech to launch Rs 500 cr initial public offering on Monday

Rossari has reduced the fresh issue component from Rs 150 crore to Rs 50 crore

Topics
Specialty chemicals | biotech | IPO

Sundar Sethuraman  |  Mumbai 



IPO
The IPO also comprises a secondary share sale of 10.5 million shares by promoters

Rossari Biotech, a company, will launch its Rs 500-crore initial public offering (IPO) on Monday, ending a four-month lull in the primary market. The last to hit the domestic market was that of SBI Cards and Payment Services in early March. The Covid-19 pandemic and the economic lockdown have forced many to hold back their plans despite regulatory clearances. Rossari had intended to launch its in March only, but decided to postpone the plan.

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First Published: Wed, July 08 2020. 17:36 IST

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