Rossari Biotech to launch Rs 500-crore IPO soon
Going by the draft papers, Rossari Biotech's IPO comprises fresh issuance of shares to the tune of Rs 150 crore and sale of more than 1 crore equity shares by the company's promoters through offer-for-sale route.;
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New Delhi: After a lull of nearly four months, IPO market is likely to see some buzz next week with the launch of specialty chemicals manufacturer Rossari Biotech's Rs 500-crore initial share-sale, market sources said.
This would be the first company to brave the current volatile markets.
There has been a lull in the IPO market since the initial share-sale of SBI Cards & Payment Services which closed on March 5. In fact, many companies that had received Sebi's go-ahead deferred their issue to a later date.
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