<p>Shares of specialty chemicals manufacturing firm Rossari Biotech made a stellar debut at the bourses on Thursday, and closed nearly 77 percent higher against its issue price of Rs 425 per share.</p>.<p>During the day, the stock touched its highest trading permissible limit for the day on the BSE as well as NSE.</p>.<p>The stock listed at Rs 670, registering a gain of 57.64 percent from its issue price on the BSE. During the day, it jumped 89.17 percent to Rs 804 -- its upper circuit limit. It finally closed at Rs 742.35, up 74.67 percent.</p>.<p>On the NSE, it closed at Rs 752, a gain of 76.94 percent. During the day, it jumped 88.96 percent to Rs 803.10</p>.<p>The company's market valuation stood at Rs 3,854.98 crore on the BSE.</p>.<p>In terms of volume, 30.27 lakh shares were traded on the BSE during the day, while 3.57 crore shares changed hands on the NSE.</p>.<p>The Rs 496-crore IPO of Rossari Biotech was subscribed a whopping 79.37 times. The price range for the offer was fixed at Rs 423-425 per share.</p>.<p>Rossari Biotech's initial share-sale ended four months of inactivity in the IPO market. The offer was managed by Axis Capital and ICICI Securities.</p>.<p>Rossari Biotech is a specialty chemicals manufacturing firm with focus on home and personal care, performance chemicals, textile specialty chemicals and animal health and nutrition products.</p>
<p>Shares of specialty chemicals manufacturing firm Rossari Biotech made a stellar debut at the bourses on Thursday, and closed nearly 77 percent higher against its issue price of Rs 425 per share.</p>.<p>During the day, the stock touched its highest trading permissible limit for the day on the BSE as well as NSE.</p>.<p>The stock listed at Rs 670, registering a gain of 57.64 percent from its issue price on the BSE. During the day, it jumped 89.17 percent to Rs 804 -- its upper circuit limit. It finally closed at Rs 742.35, up 74.67 percent.</p>.<p>On the NSE, it closed at Rs 752, a gain of 76.94 percent. During the day, it jumped 88.96 percent to Rs 803.10</p>.<p>The company's market valuation stood at Rs 3,854.98 crore on the BSE.</p>.<p>In terms of volume, 30.27 lakh shares were traded on the BSE during the day, while 3.57 crore shares changed hands on the NSE.</p>.<p>The Rs 496-crore IPO of Rossari Biotech was subscribed a whopping 79.37 times. The price range for the offer was fixed at Rs 423-425 per share.</p>.<p>Rossari Biotech's initial share-sale ended four months of inactivity in the IPO market. The offer was managed by Axis Capital and ICICI Securities.</p>.<p>Rossari Biotech is a specialty chemicals manufacturing firm with focus on home and personal care, performance chemicals, textile specialty chemicals and animal health and nutrition products.</p>