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Incorporated in 2018, ResGen Limited is engaged in the process of manufacturing Pyrolysis Oil (a substitute for furnace oil) from all kinds of waste plastics. The company's headquarter is situated in Mumbai. The company was envisioned to make environment-saving projects commercially viable and highly scalable.
The products of the company revolve around PYROLYSIS OIL.
The heavy usage of Plastic in various and diverse segments is creating hazardous issues for the environment and ResGen Limited with its sustainable solution strives at addressing these problems.
ResGen was founded on the idea of using plastic waste and converting it into a substitute for fuel. The company has come up with an ingenious, eco-friendly solution, which uses each by-product to increase efficiency. This not only offers alternate use of plastic waste but add an additional solution for fuel.
ResGen call this innovation: PlasEco. During the manufacturing of PlasEco, they are able to repurpose the by-products generated, such as Carbon, which substitutes for coal; and Gas, which substitutes for LPG.
| IPO Date | Feb 28, 2023 to Mar 2, 2023 |
| Listing Date | Mar 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹45 to ₹47 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹28.20 Cr) |
| Fresh Issue | 6,000,000 shares (aggregating up to ₹28.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| QIB Shares Offered | 2,820,000 (49.47%) |
| NII (HNI) Shares Offered | 882,000 (15.47%) |
| Retail Shares Offered | 1,998,000 (35.05%) |
| Market Maker portion | 300,000 shares (GRETEX SHARE BROKING PVT. LTD.) |
| Total Shares Offered | 5,700,000 |
ResGen IPO opens on Feb 28, 2023, and closes on Mar 2, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 28, 2023 |
| Closing Date | Mar 2, 2023 |
| Basis of Allotment | Mar 8, 2023 |
| Initiation of Refunds | Mar 9, 2023 |
| Credit of Shares to Demat | Mar 10, 2023 |
| Listing Date | Mar 13, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The ResGen IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹141,000 |
| Retail (Max) | 1 | 3000 | ₹141,000 |
| HNI (Min) | 2 | 6,000 | ₹282,000 |
| Lot Size Calculator | |||
Mr. Karan Atul Bora and Mr. Kunal Atul Bora are the promoters of the company.
| Pre Issue Share Holding | 94.15% |
| Post Issue Share Holding | 67.22% |
The ResGen IPO is subscribed 2.50 times on Mar 2, 2023 6:58:00 PM. The public issue subscribed 3.88 times in the retail category, 1.09 times in the QIB category, and 3.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.09 |
| NII | 3.87 |
| Retail | 3.88 |
| Total | 2.50 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 161.78 | -15.15 | 136.13 | -18.37 | 24.05 | |
| 31-Mar-21 | 1,110.01 | 2.00 | 0.63 | 136.76 | -17.74 | 961.33 |
| 31-Mar-22 | 1,371.31 | 480.81 | 73.50 | 367.46 | 147.46 | 932.92 |
| 05-Dec-22 | 3,917.97 | 1,265.34 | 246.44 | 1,510.30 | 1,091.10 | 1,486.06 |
| Amount in ₹ Lakhs | ||||||
| KPI | Values |
|---|---|
| P/E (x) | 27.33 |
| Market Cap (₹ Cr.) | 98.58 |
[Dilip Davda] The company started its commercial production from 2021-22 only and results for the sub-period of FY23 raise eyebrows. The sustainability of margins reported is a major concern and it is operating in a high-risk segment that also has the impact of government policies. The segment is highly competitive with many private local players around. The large equity base in the context of its current working too poses concern. Considering its aggressive pricing and the likely challenges for future prospects, well-informed/cash surplus investors may consider investing for the long-term, while others may skip. Read detail review...
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
| Listing Date | Mar 13, 2023 |
| BSE Script Code | 543805 |
| NSE Symbol | |
| ISIN | INE0NYN01016 |
| Final Issue Price | ₹47 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹47.00 |
| ₹49.00 |
| ₹46.55 |
| ₹49.00 |
| ₹46.57 |
ResGen Limited
919, Floor 9th, Plot-221, Maker Chamber.
V. Jamnalal Bajaj Marg, Nariman Point,
Mumbai- 400021
Phone: 022-22810181
Email: info@resgen.in
Website: http://www.resgen.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
ResGen IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹28.20 Crores. The issue is priced at ₹45 to ₹47 per share. The minimum order quantity is 3000 Shares.
The IPO opens on Feb 28, 2023, and closes on Mar 2, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in ResGen IPO using UPI as a payment gateway. Zerodha customers can apply in ResGen IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ResGen IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ResGen IPO opens on Feb 28, 2023 and closes on Mar 2, 2023.
ResGen IPO lot size is 3000 Shares and the minimum order quantity is .
You can apply in ResGen IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ResGen IPO will be done on Mar 8, 2023, and the allotted shares will be credited to your demat account by Mar 10, 2023. Check the ResGen IPO allotment status.
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