ResGen Limited IPO (ResGen IPO) Detail

Feb 28, 2023 - Mar 2, 2023

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.

ResGen IPO Details

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 Size6,000,000 shares
(aggregating up to ₹28.20 Cr)
Fresh Issue6,000,000 shares
(aggregating up to ₹28.20 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME

ResGen IPO Reservation

QIB Shares Offered2,820,000 (49.47%)
NII (HNI) Shares Offered882,000 (15.47%)
Retail Shares Offered1,998,000 (35.05%)
Market Maker portion300,000 shares (GRETEX SHARE BROKING PVT. LTD.)
Total Shares Offered5,700,000

ResGen IPO Tentative Timetable

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

ResGen IPO Lot Size

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

ResGen IPO Promoter Holding

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%

ResGen IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Company Financials

ResGen Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

ResGen IPO Key Performance Indicator

KPI Values
P/E (x)27.33
Market Cap (₹ Cr.)98.58

ResGen IPO Review (May apply)

[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...

Objects of the Issue

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

  1. Working Capital Requirements
  2. Purchase of the land where our Manufacturing facility is currently situated
  3. General Corporate Purposes.

ResGen IPO Prospectus

ResGen IPO Rating

Rating:Rated 2.3 stars
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ResGen IPO Listing Details

Listing Date Mar 13, 2023
BSE Script Code 543805
NSE Symbol
Final Issue Price ₹47 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

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/

ResGen IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

ResGen IPO Analysis

ResGen IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 0

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SME IPO Enquiry

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'ResGen IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The ResGen IPO listing date is on Mar 13, 2023.
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