Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

New Delhi, Ahmedabad-headquartered technical textile manufacturer Shri Techtex on Monday said it has set a price band of Rs 54-61 per share for its initial share sale, which will hit the capital market on July 26. The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, the company said in a statement. The company's shares will be listed on SME Emerge platform of the National Stock Exchange after the initial public offer. At the upper end of the price band, the issue plans to raise Rs 45.14 crore. The issue comprises a fresh issue of 74 lakh equity shares. Of the total issue size, the company has allocated 35.10 lakh shares for qualified institutional buyers, 10.56 lakh shares for non-institutional investors and for retail investors it has set aside 24.62 lakh shares for allocation. The firm plans to use the proceeds of the public issue towards the construction of the factory shed, commissioning of a solar plant, meeting working capital requirement and general corporate purpose. Hanskumar Agarwal, Executive Director, Shri Techtex Ltd said, "We have been on an excellent growth path and have built a robust foundation in terms of products, capacities, clientele and geographical reach in the first decade of our operations. We have invested in the growth assets and transiting to a public company - which will open a new world of ambitions for the company." The company manufactures PP non-woven fabric in various sizes and densities up to 4.5 metres in size and of 15 GSM to 800 GSM grade. Its manufacturing facility is located at Simaj of Dholka Taluka in the Ahmedabad district of Gujarat. The manufacturing facility is spread across 41,548 square metres and installed with a 3,600 tonnes PP non-woven fabric capacity per annum. Beeline Capital Advisors is the book running lead manager and Link Intime India is the registrar of the issue.

Textile company Shri Techtex IPO to open on July 26; price band fixed at ₹54-61/share

<ul><li>Polymer manufacturer and packaging solutions provider Sah Polymers will open its initial public offering (IPO) on December 30 and close on January 4, 2023.</li><li>The Udaipur-based company plans to raise ₹66.3 crore through a fresh issue of 10.2 million shares, with no offer for sale (OFS) component.</li><li>Sah Polymers’s net profit has grown over three times over the last financial year to ₹4.37 crore in FY22. </li></ul>Sah Polymers, a polymer manufacturer and packaging solutions provider based in Udaipur, will open its initial public offering (IPO) this week on December 30 and close on January 4, 2023. The price band of the IPO is set at ₹61-65 per share. The company’s ₹66.3-crore IPO is a complete fresh issue of 10.2 million shares, with no offer for sale (OFS) component. The shares of the company are currently commanding a grey market premium (GMP) of ₹5 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded </a>in an unofficial market before they are listed on the stock exchanges. The company is primarily engaged in manufacturing and selling of polypropylene (PP) and high density polyethylene (HDPE) bulk bags (or FIBC bags), woven sacks, and HDPE/PP woven fabrics. Sah Polymers offers customised bulk packaging solutions to business-to-business manufacturers catering to different industries such as agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics and steel. It exports products to 14 countries such as Algeria, Togo, Ghana, Poland, Portugal, France, Italy, Dominican Republic, USA, Australia, UAE, Palestine, the UK and Ireland. Here’s what Sah Polymers intends to do with proceeds of the IPO Sah Polymers intends to use part of its net proceeds from the IPO to establish a new facility with an additional installed capacity of 3.96 billion tonnes per annum to manufacture different variants of FIBC products. Once set up, it will double the company’s total production capacity to 7.92 billion tonnes per annum. Sah Polymers currently has one manufacturing facility located at Udaipur, Rajasthan, with an installed production capacity of 3.96 million tonnes per annum. The company also intends to use a part of the proceeds to repay debt, fund working capital requirements and for other general corporate purposes. In terms of risks, one of the promoters of the company, Aeroflex Industries, is in the list of wilful defaulters, according to credit bureau CIBIL. Sah Polymers’ key financial metrics Sah Polymers’ net profit has more than tripled to ₹4.37 crore in FY22, compared to the previous financial year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EBITDA margin </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹80.51 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.37 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.61% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹55.06 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.27 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.99% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹49.10 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹0.29 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.32% </td></tr></tbody></table>Source: Red herring prospectus Here’s how the listed peers of Sah Polymers have performed in FY22: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Peer companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change in stock price in 2022 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishi Techtex </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹101 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.31 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.44% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jumbo Bag </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹131 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.06 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45.48% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SMVD Poly Pack </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹86 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.04 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">41% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EMMBI Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹436 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹19.03 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-15% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Commercial Syn Bags </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹322 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹18.18 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-5.49% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sah Polymers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹81 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.37 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr></tbody></table>Source: Red herring prospectus / Change in stock price year-to-date as on 1:00 P.M, December 26, 2022 SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/top-five-billionaires-in-2022-elon-musk-gautam-adani-and-bill-gates/articleshow/96509847.cms">After a round of musical chairs, Musk, Gates and Adani are among 2022’s top 5 billionaires</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/housing-demand-outlook-2023-interest-rates-global-spillovers-to-play-a-key-role/articleshow/96506159.cms">Housing demand outlook 2023: Interest rates, global spillovers to play a key role</a>

Sah Polymers IPO to open on Dec 30, price band set at ₹61-65 a share

<ul><li>Rossari Biotech will remain open till July 15 with a fixed price band of ₹423-425 per equity share.</li><li>The recent Indo-China border standoff also provides a great opportunity for the company to double-up its reach.</li><li>Rossari Biotech has over 300 customers from a diversified product portfolio of home, personal care to animal health and nutrition products.</li><li>The company has a large market share in the home care products and personal care market. According to the ICICI Direct report, the market is expected to grow at a rate of 5.4% to US$308 billion. </li></ul>The Mumbai-based speciality chemical maker Rossari Biotech’s ₹496 crore initial public offering has been subscribed 33.65% on July 13, day one of bidding. Rossari Biotech will remain open till July 15 with a fixed price band of ₹423-425 per equity share. The company has also raised ₹148.87 <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/rossari-biotech-raises-rs-148-87-cr-from-anchor-investors-top-3-mfs-key-investors/articleshow/76896657.cms">crore from anchor investors on Friday </a>(July 10) including SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund. Here's why the IPO is hot! Rossari Biotech is a specialty chemicals manufacturing firm and the sector is among the street's favourite The 17-year old Rossari Biotech is part of a sector that has most recently created a new billionaire. The $1.1 billion Shri Ram Group of Companies (SRF), which manufactures chemical raw materials was one of the rare exceptions that made money when coronavirus pandemic led to bloodbath in the stock markets. One of the primary reasons behind the SRF increase was a sudden spike in all Indian chemical stocks. During the pandemic, Indian companies ditched Chinese suppliers and were looking for cheaper alternative options in India — leading to a sudden spike in the share price. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stocks </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price gains since March 31 </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Clariant Chemicals India </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">113.65% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Omkar Specialty </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">73.68% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Poddar Pigments Ltd. </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">56.39% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gulshan Polyols </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46.63% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BASF India Ltd. </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19.17% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SRF Ltd </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18.62% </td></tr></tbody></table>*As of July 14 9:20 am The tensions between India and China may continue the trend in favour of chemical makers like Rossari “China continues to be a major competitor in this space for Rossari and <a href="https://www.businessinsider.in/business/news/need-to-turn-covid-crisis-into-opportunity-to-create-atmanirbhar-bharat-pm-modi/articleshow/76316665.cms">any trade decision to reduce Chinese imports</a> would certainly play out well for the company in the long run,” said Emkay Research. The company is also setting up another manufacturing facility at Dahej in Gujarat with a proposed capacity of 132,500 million tonnes per annum. Rossari’s own imports from China are less than 5% of its needs. <div type="image" title="Capture1" msid="76953026" hostid="261"></div> A strong line-up of customers and an impressive history of earnings Rossari Biotech’s profit has grown 78% in the last four years from ₹18.1 crore in 2017 to ₹84.3 crore in 2020. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit before tax </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY17 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹18.1 crore </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY18 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹38.5 crore </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY19 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹62.5 crore </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹84.3 crore </td></tr></tbody></table> The reason for the strong growth is a wide variety of customers ranging from FMCG and apparel, to poultry and animal feed industries to companies that make home and personal care products. Some of the significant customers include HUL, Panasonic India, RSPL Ltd, IFB Industries Ltd. and Millennium Papers. Apart from India, the company has its operations spread over 17 other nations, including Vietnam, Bangladesh and Mauritius. 11% of its revenue in FY20 came from exports. Not just that, the specialty chemicals sector itself is set for an explosion in growth. The global market is expected to grow at a rate of 5.4% to $308 billion by 2023 from $237 billion in 2018, according to broking firm ICICI Direct. <div type="image" title="Capture 2" msid="76953047" hostid="261"></div> The growing health consciousness among will boost demand for home and personal care products and Rossari may be a direct beneficiary Nearly half of the company’s revenue comes from home, personal care and performance chemicals. The increased awareness about health &amp; hygiene as well as a considerable increase in disposable income has helped the company in recent years, and is likely to continue. <div type="image" title="Capture 3" msid="76953068" hostid="261"></div> It spends on research and development Rossari has two R&amp;D facilities – one within the Silvassa facility and another one in Mumbai and a dedicated team of 22 employees in the R&amp;D facilities According to Rossari, managing director, Sunil Chari, the company does a lot of work on intelligent chemistry. “We have a lab in IIT Mumbai. We are probably the only chemical company which has such a centre in IIT and we have 40 scientists working there and we will continue to come up with a lot of solutions,” he<a href="https://economictimes.indiatimes.com/markets/expert-view/we-are-successful-with-differentiation-and-will-continue-this-strategy-rossari-biotech/articleshow/76937318.cms"> told The EconomicTimes</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/godutch-india-answer-to-splitwise-raises-funds-from-matrix-partners-tinder-and-twitch-co-founders-among-others/articleshow/76952791.cms" data-type="tilCustomLink">GoDutch – India's answer to Splitwise – raises funds from Matrix Partners, Tinder and Twitch co-founders among others</a> <a href="https://www.businessinsider.in/business/corporates/news/infosys-earnings-what-to-expect-and-comparison-with-tcs/articleshow/76952717.cms" data-type="tilCustomLink">The key thing to watch out for during Infosys earnings will be the size of the new deals</a>

Rossari Biotech IPO⁠— 40 scientists, China, and other factors that make the share sale hot

The Indian Air Force has deployed one Chinook and Mi-17V5 <keyword id="20334867" type="General" weightage="20" keywordseo="helicopter" source="keywords">helicopter</keyword> to carry out human assistance and relief operations in the Kedar valley of Uttarakhand. They will be working in coordination with the state government authorities, said Defence officials. Heavy rains have severely damaged the route in the <keyword id="22064164" type="General" weightage="20" keywordseo="Rudraprayag-district" source="keywords">Rudraprayag district</keyword> on Wednesday night. The rescue and relief work to evacuate the people stranded is underway. According to the Uttarakhand police, as many as 737 people were rescued by helicopter and at least 2,670 people were taken to <keyword id="22636299" type="General" weightage="20" keywordseo="Sonprayag" source="keywords">Sonprayag</keyword> by the relief forces as of Thursday. Taking to its official handle on X, Uttarakhand police posted, "The rescue work of people stranded on the Shri Kedarnath Dham Yatra route is continuing. 737 passengers were rescued by helicopter throughout the day." "2,670 passengers were taken to Sonprayag. SDRF, NDRF, DDRF, District Police and Administration teams are selflessly helping the devotees," read the post. Earlier, Abhinav Kumar, Director General of Police, Uttarakhand, gave information about the relief and rescue operations after heavy rains in the state and appealed to the people of the state and travellers to be cautious and follow the instructions of the officials. Amid heavy rainfall in Tehri and Rudraprayag districts, Uttarakhand DGP Abhinav Kumar informed on Thursday that the Kedarnath Yatra has been suspended for two days due to weather conditions and 12 NDRF, as well as 60 SDRF teams, are engaged in rescue work. Speaking to on the situation created by heavy rains in Tehri and Rudraprayag districts, Uttarakhand Director General of Police Abhinav Kumar said on Thursday, "We had received an alert from the Meteorological Department about heavy rains in the state for 48 hours. Given this alert, the police, NDRF, SDRF and local administration were put on alert. After the rain started last night, we started getting reports of landslides, rock falls, etc. from various areas." Notably, the Kedarnath Yatra has been stopped for the time being given the safety of the passengers due to landslides at many places on the Kedarnath footpath. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank">Ola Electric IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank">Nothing Phone (2a) Plus with Dimensity 7350 Pro chipset launched in India starting at ₹29,999</a><a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank">Indian smartphone shipments decline by 2% in Q2 2024, Xiaomi retakes the throne</a>

Uttarakhand rains: IAF deploys one Chinook and one Mi-17V5 helicopter for rescue operation in Kedar Valley

As the <keyword id="19895397" type="General" weightage="20" keywordseo="Parliament" source="keywords">Parliament</keyword> convenes for the ongoing <keyword id="21660910" type="General" weightage="20" keywordseo="Monsoon-Session" source="keywords">Monsoon Session</keyword> on Friday, the discussion regarding National Eligibility cum Entrance Test (<keyword id="19978984" type="General" weightage="20" keywordseo="NEET" source="keywords">NEET</keyword>), <keyword id="19916979" type="General" weightage="20" keywordseo="unemployment" source="keywords">unemployment</keyword>, and regulation of <keyword id="19916665" type="General" weightage="20" keywordseo="airfares" source="keywords">airfares</keyword> will be taken up in the Lok Sabha and Rajya Sabha today. According to the agenda released, the Union Ministers Arjun Ram Meghwal, Prataprao Jadhav, Anupriya Patel, Kritivardhan Singh, and Shantanu Thakur will lay papers on the tables in Lok Sabha. Ministry of Law and Justice Arjun Ram Meghwal will make a statement regarding Government Business during the remaining part of the 2nd session of the 18th Lok Sabha. Union Minister JP Nadda will move the motion for the election of one member to the Governing Council of North Eastern Indira Gandhi Regional Institue of Health and Medical Sciences (Neigrihms), Shillong. "That in pursuance of Rule 3(b)27 read with rule 4(b) of the Rules of North Eastern Indira Gandhi Regional Institute of Health and Medical Sciences, Shillong, the members of this House do proceed to elect, in such manner as the Speaker may direct, one member from amongst themselves to serve as member of the Governing Council of North Eastern Indira Gandhi Regional Institute of Health and Medical Sciences, Shillong subject to the other provisions of the said Rules," it stated. Meanwhile, Minister of State Sanjay Seth will move a motion for the election of two members to the central advisory committee for the National Cadet Corps. "Sanjay Seth to move the following:- that in pursuance of clause (i) of sub-section (1) and subsection (1A) of Section 12 of the National Cadet Corps Act, 1948, the members of this House do proceed to elect, in such manner as the Speaker may direct, two members from amongst themselves to serve as members of the Central Advisory Committee for the National Cadet Corps, subject to the other provisions of the said Act and the Rules made thereunder," it added. Later the discussion and voting will be held on demands for Grants under the control of the Ministry of Health and Family Welfare for 2024-25 and the control of the Ministry of Fisheries, Animal Husbandry and Dairying for 2024-25. In the private members business Congress leader Shafi Parambil will move a resolution on the further discussion on Appropriate Measures to Regulate Airfare in the Country. Shiv Sena (UBT) leader Shripang Appa Barne to move a resolution for further discussion on Appropriate measures on the regulation of Private Financial Companies. BJP leader Smita Uday Wagh will move a resolution to discuss Immediate steps for the inclusion of the Lower Tapi Project under the Pradhan Mantri Krishi Sinchayee Yojana. In the Rajya Sabha Union Ministers Jitin Prasada, Ram Nath Thakur, Prof. SP Singh Baghel, L Murugan, Bhagirath Choudhary, and Pabitra Margherita will lay apers on the table entered in separate lists. Minister of State in the Ministry of Food Processing Industries Ravneet Singh Bittu will make a statement regarding the Status of implementation of Recommendations/ Observations contained in the 67th Report of the Department-related Parliamentary Standing Committee on Agriculture, Animal Husbandry and Food Processing on 'Scheme for Creation/ Expansion of Food Processing and Preservation Capacities - An Evaluation'. Union Minister Arjun Ram Meghwal will move a motion for elections to the joint committee on offices of profit. Union Minister Piyush Goyal will move a motion for elections to the rubber board. "Piyush Goyal to move the following Motion:-- That in pursuance of clause (e) of sub-section (3) of the Section (4) of the Rubber Act, 1947 read with Rule 4(2) of the Rubber Rules, 1955, this House do proceed to elect, in such manner as directed by the Chairman, one Member from amongst the Members of the House to be a member of the Rubber Board in the vacancy caused due to the retirement of Shri Vinay Dinu Tendulkar from the membership of Rajya Sabha on the 28th July 2023," the List of Business stated. Moreover, Union Finance Minister Nirmala Sitharaman will move the statutory resolution. "Nirmala Sitharaman to move the following Resolution:-- In pursuance of Section 8A of the Customs Tariff Act 1975, this House hereby approves of notification No. 15/2024-Customs, dated 12th March 2024[G.S.R. 182(E) dated 12th March 2024], which seeks to amend the First Schedule of the Customs Tariff Act, in order to increase the import duty on Xray Tubes, falling under tariff items 9022 30 00, and Flat Panel Detectors (including Scintillators), falling under tariff item 9022 90 90, respectively," it added. In the private members business (resolution), DMK leader M Mohamed Abdulla will move the following resolution, Having regard to the fact that:- "Certain States are opposed to the National Eligibility cum Entrance (NEET) Exam due to the perceived injustice to the domiciled students of the State." "The NEET exam needs review in the way of selection of eligible candidates. The NEET Question Paper leaks, the award of grace marks, etc., have indicated the need to examine the ability of NTA to successfully conduct examinations without prejudice to students. Communist Party of India (Marxist) leader AA Rahim will move the following resolution, "Having regard to the fact that:- unemployment is increasing uncontrollably in the country and according to Centre for Monitoring Indian Economics (CMIE) data, the unemployment rate rose to 9.4 per cent in June 2024." A discussion is to be held on the working of the Ministry of New and Renewable Energy. The monsoon session of Parliament commenced on July 22 and as per the schedule, the session will conclude on August 12. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank">Ola Electric IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank">Nothing Phone (2a) Plus with Dimensity 7350 Pro chipset launched in India starting at ₹29,999</a><a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank">Indian smartphone shipments decline by 2% in Q2 2024, Xiaomi retakes the throne</a>

You Searched For "shri techtex price band" and got 5 results

Textile company Shri Techtex IPO to open on July 26; price band fixed at ₹54-61/share

PTI

Sah Polymers IPO to open on Dec 30, price band set at ₹61-65 a share

Bhakti Makwana

Rossari Biotech IPO⁠— 40 scientists, China, and other factors that make the share sale hot

Navdeep Yadav

Uttarakhand rains: IAF deploys one Chinook and one Mi-17V5 helicopter for rescue operation in Kedar Valley

ANI

Monsoon Session: NEET, unemployment, airfares to be taken up in Parliament today

ANI

Popular Keywords

Buying Guides