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.
| Particulars | For the year/period ended (Rs. in Millions) | ||||
| 31-Jul-07 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 809.26 | 1,834.15 | 861.88 | 716.08 | 1,068.83 |
| Profit After Tax (PAT) | 184.67 | 316.39 | 94.69 | 2.27 | 2.41 |
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.
| IPO Opening Date | Aug 11, 2008 |
| IPO Closing Date | Aug 13, 2008 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹263 to ₹272 per equity share |
| Market Lot | 20 Shares |
| Min Order Quantity | 20 Shares |
| Listing At | BSE, NSE |
| Issue Size | 4,450,000 Eq Shares of ₹10 (aggregating up to ₹120.15 Cr) |
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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 20 | ₹5,440 |
| Maximum | 36 | 720 | ₹195,840 |
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)
| Category | IPO Subscription |
|---|---|
| Total | 1.16x |
| Listing Date | Monday, September 1, 2008 |
| BSE Script Code | 533017 |
| NSE Symbol | RMMIL |
| Listing In | B Group of Securities |
| ISIN | INE774I01031 |
| IPO Price | ₹270 per equity share |
| Face Value | ₹10 per equity share |
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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
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 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.
The Resurgere Mines & Minerals IPO opens on Aug 11, 2008 and closes on Aug 13, 2008.
Resurgere Mines & Minerals IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.
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.
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.
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