Resurgere Mines & Minerals India Ltd IPO (Resurgere Mines & Minerals IPO) Detail

Aug 11, 2008 - Aug 13, 2008

Incorporated in 1987, Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China.

Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire production of the mine. All the three mines carry high quality iron ore of about 62% - 64% Fe content.

They have made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra.They are also engaged in merchant export of iron ore fines to China.

Company Financials:

ParticularsFor the year/period ended (Rs. in Millions)
  31-Jul-0731-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income809.261,834.15861.88716.081,068.83
  Profit After Tax (PAT)184.67316.3994.692.272.41

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:
1. Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines;
2. Purchase of railway rakes to set up our own logistics infrastructure facilities;
3. Margin money for working capital;
4. General Corporate Purposes.

Resurgere Mines & Minerals IPO Details

IPO Opening DateAug 11, 2008
IPO Closing DateAug 13, 2008
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹263 to ₹272 per equity share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
Issue Size4,450,000 Eq Shares of ₹10
(aggregating up to ₹120.15 Cr)

Resurgere Mines & Minerals IPO Lot Size

The Resurgere Mines & Minerals IPO market lot size is 20 shares. A retail-individual investor can apply for up to 36 lots (720 shares or ₹195,840).

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹5,440
Maximum36720₹195,840

Resurgere Mines & Minerals IPO Subscription Status (Bidding Detail)

The Resurgere Mines & Minerals IPO is subscribed 1.16x times on Aug 13, 2008 17:00. The public issue subscribed 0.40x in the retail category, 1.34x in the QIB category, and 2.41x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

1.16x

Resurgere Mines & Minerals IPO Rating

37
3.2
Rating:Rated 3.2 stars

Vote Here ...

Resurgere Mines & Minerals IPO Listing Date

Listing DateMonday, September 1, 2008
BSE Script Code533017
NSE SymbolRMMIL
Listing InB
ISININE774I01031
IPO Price₹270 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹270.00
₹272.05
₹272.05
₹562.80
₹524.35
33,197,409
NSE
₹270.00
₹285.00
₹278.20
₹568.90
₹533.55
33,585,089

Resurgere Mines & Minerals IPO Reviews / Ratings

  • Angel Broking - Avoid
  • Hem Securities - Neutral
  • SPA Financial Advisor Ltd - Neutral
  • Keynote Capitals Ltd - Subscribe for Long Term
  • Smart Investments Ltd - Avoid

Company Contact Information

Resurgere Mines & Minerals India Ltd
156, Maker Chambers III,
Nariman Point,
Mumbai - 400021, Maharashtra.

Phone: + 91-22-66582500
Email: cosec@resurgere.in
Website: http://www.resurgere.in

Resurgere Mines & Minerals IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: rmmil.ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Resurgere Mines & Minerals IPO FAQs

  1. What is Resurgere Mines & Minerals IPO?

    Resurgere Mines & Minerals IPO is a main-board IPO of 4,450,000 equity shares of the face value of ₹10 aggregating up to ₹120.15 Crores. The issue is priced at ₹263 to ₹272 per equity share. The minimum order quantity is 20 Shares.

    The IPO opens on Aug 11, 2008, and closes on Aug 13, 2008.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Resurgere Mines & Minerals IPO will open?

    The Resurgere Mines & Minerals IPO opens on Aug 11, 2008 and closes on Aug 13, 2008.

  3. What is the lot size of Resurgere Mines & Minerals IPO?

    Resurgere Mines & Minerals IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.

  4. How to apply for Resurgere Mines & Minerals IPO?

    You can apply in Resurgere Mines & Minerals 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Resurgere Mines & Minerals IPO allotment?

    The finalization of Basis of Allotment for Resurgere Mines & Minerals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Resurgere Mines & Minerals IPO allotment status.

  6. When is Resurgere Mines & Minerals IPO listing date?

    The Resurgere Mines & Minerals IPO listing date is on Monday, September 1, 2008.

Resurgere Mines & Minerals IPO Message Board

Ranked Members  Ranked Members

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59. SHYAM JI |Aug 13, 2009 09:18
ANS to 57 (GANESH) when u make money do u share with sebi or IPF, on listing day there is no circuit so stock can be manipulate in resurgere an FII has palyed game. and dear never use ur mind in clients account just play with your account.....it will ensure your peace ful life..........by another sub broker
58. rama |Aug 1, 2009 17:24
To,
57. Ganesh:
------------
You are a speculator, you must bear the loss. You dont deserve any protection on such transactions. SO NO TEARS PLEASE..
Rama
57. ganesh |Jul 14, 2009 21:58
dear boarders
i am a subbroker. on that day when resurgere mine fall from 800 t0 200 in one day i shorted it on 750 covered on 640. again i bought on 640 few clients a/c in good faith. but now because of my ignorance my client are badly trapped? cant we complaint about such companies to sebi? can we get some money back through investor protetion fund can anybody help me?
is there any person trapped getting his money return through any means ? what is investor protection fund?
also i don't understand why investors don't come together go to SEBI how can a IPO rise so much and then fell almost 40% in a day it's clear case of manupulation
56. ajay.kumar |Apr 4, 2009 18:08
hi dost log ye Resurgere mines mujhe to marne majbur kar diya tha yaar par bhagwan bachaya yaar mai to kahu ki kabhi bhi is share me buy na kare nahi sale ye lutne wala hai duniya ko
55. Ameequrrahman |Oct 30, 2008 18:18
DEAR SUBBU,

PLEASE TELL ME THE MEANINIG OF YOUR POSTING , I AM NEW TO THIS FIELD AND I AM STRUCK WITH RESURGERE, WHAT TO DO I HAVE 200 HSARES @ 327 , PLEASE ADVICE
54. subbu |Oct 30, 2008 15:54
vimta,q,2, results excelent. bookvalue 160 above. reseves 125cr.equity 4cr only. fii placement price 190 per 2paid face value. pick a mulltibagger.
53. vinod |Oct 16, 2008 12:52
near term target 50
52. rk |Sep 23, 2008 11:16
near term target 90 ..... confirmed
51. santosh |Sep 11, 2008 17:23
what is the future of this stock???? Targets for next 2-3 months???
50. Vaibhav Jain |Sep 9, 2008 14:29
Is it going to turn positive today?
49. Suraj |Sep 9, 2008 07:12
Sher e Punjab.....

Margin Trading is not allowed for this stock till now.

Plz do not misguide.....
48. coolboy |Sep 8, 2008 15:22
ANOTHER 20 PERCENT DOWN..............BECHARE BHOLE BHALE NIVESHAK PHASS GAYE.......
47. sunil raheja |Sep 7, 2008 19:24
@sher e pujab
this stock was one of the highly super duper speculative
i.p.o ever which as ruined many people since te day of listing,
as the stock was in grip of big speculators and no logic can
justify the price it should be worth.
But what happened on 4.09.08 at around noon the stock was from
20% up to 20% down , any idea / rumour there has tosome reason.
Can any one explain ,
46. sher e punjab |Sep 6, 2008 15:07
hai all

dear suraj, just go to icici direct site they will allow u margin trade where u can sell your share even on 2nd day also, i was lucky to buy at right time and sell at right time, as i have already caushioed these types of issues do not get carried away these kinds of compnies they are all fraud and no sebi or govt has any control over them.
45. RAMESH |Sep 5, 2008 18:24
Another 20% down.....................
44. Suraj |Sep 5, 2008 07:38
Sher e punjab

Can u plz let me know how u bought on 425 and sold on 702?
It takes T+2 days to get the stock and one day the market was closed.

I have not got my stocks till now though i bought on the listing day first hr through icicidirect.com
43. RAMESH |Sep 4, 2008 21:43
PITY about this script.

it is sucribed only 1.16 times, but went like a rocket, and definetly it comedown like a missile. Guys please be aware about IPO's. Last year I was just applied in only IPO's and got allotted around 8 scripts and booked profit around Rs 50,000/-. Now just simply buy few blue chip shares like BHEL, L&T & RIL and few more and kept quit.

I am sorry if i am wrong.
42. well wisher |Sep 4, 2008 14:11
All the mouths will be shut after seeing today's collapse. I pity all the traders who have brought this share today. This is big gamble played on traders, and stock will come to its IPO price by monday.
41. sher e punjab |Sep 4, 2008 12:01
hai borders,

i am back, today i have sold at 702/- all my purchases in Resergere mines which i bought at 425/-. so in this way even if I have not applied in this IPO I have made fortune, but this is fluke, U may lose or win in this situation becuase fundamental do not support these kind of activities, I have made fortune in Austral Coke which I have invested and I advised all the boarder to invest but caustiosly, I have never advised borders to invest in Resergere but in Austral Coke I have advised to invest cautiously, even i have invested in small lot and gained. Please go by your own judgement by investing these type of risky issues and play the game
40. vishy |Sep 4, 2008 10:06
Prakash ipo

i know the facts and thats why i gave a pat on the back to u in this ipo.

I already told u that its my money and i have got the freedom to invest in anything and i invested in KSK - thats my personal thing - in future i warn u not to bring this KSK matter in any forum...ok??







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