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ResGen IPO GMP, Price, Dates & Allotment Details 2023

ResGen IPO GMP, Price, Dates & Allotment Details 2023

The ResGen IPO will open on February 28 and close on March 2, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 28.20 crore through this public offering, consisting of 6,000,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 45 to ₹ 47 per share.

ResGen Ltd was founded in 2018 and has its corporate office in Mumbai. ResGen’s goal is to create environmentally friendly projects highly scalable and commercially feasible. The use of plastic and the absence of a healthy ecology for disposal and recycling pose major problems for humanity. Human use of plastic results in a number of environmental risks. The concept behind ResGen’s creation was to use waste plastic and turn it into a fuel replacement. The business has developed a clever, environmentally friendly solution that maximizes productivity by utilizing each by-product.

The business is in the business of producing pyrolysis oil, a replacement for furnace oil, from various types of waste plastics. The brand for this is PlasEco. The company is able to reuse the by-products created during the production of PlasEco, such as carbon, which can be used in place of coal, and gas, which can be used in place of LPG. In Vikramgad (Palghar), Maharashtra, the company built a chemical recycling facility because of the area’s proximity to the cities of Mumbai, Thane, Kalyan, and Dombivli.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. To meet the Working Capital requirements.
  2. Purchase of the land where our Manufacturing facility is currently situated.
  3. General Corporate Purpose.

Financial Highlights (Restated)

ParticularsPeriod ended on 5 Dec. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth1510367137136
Total Assets391813711110162
Total Borrowings148693396124
Total Revenue126548120
Profit After Tax24673.63-15.15
(Amount in ₹ Lakhs)

ResGen IPO – Details

According to the DRHP filed with SEBI, the company plans to issue 6,000,000 shares of face value of ₹ 10 each, aggregating up to ₹ 28.20 crore.

Issue TypeBook Built Issue IPO
IPO Price₹ 45 to ₹ 47 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size6,000,000 shares of ₹ 10  (Aggregating up to ₹ 28.20 Crore)
Fresh Issue6,000,000 shares of ₹ 10  (Aggregating up to ₹ [.] Crore)
QIB Shares OfferedNot more than 50% of the net issue
NII (HNI) Shares OfferedNot less than 15% of the net issue
Retail Shares OfferedNot less than 35% of the net issue
Listing AtBSE SME
Company PromotersMr. Karan Atul Bora Mr. Kunal Atul Bora

GMP – ResGen IPO

ResGen IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – ResGen IPO

ResGen IPO opens on February 28 and closes on March 2, 2023.

Opening DateFebruary 28, 2023
Closing DateMarch 2, 2023
Basis of AllotmentMarch 8, 2023
Initiation of RefundsMarch 9, 2023
Credit of shares to Demat A/cMarch 10, 2023
Listing DateMarch 13, 2023

Lot Size – ResGen IPO

The lot size of the ResGen IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of  ₹ 141,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)13,000₹ 141,000
Retail (Maximum)13,000₹ 141,000
HNI (Minimum)26,000₹ 282,000

Promoters Holdings – ResGen IPO

Pre-issue Shares Holdings94.15%
Post-issue Shares Holdings67.22%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationResGen Limited
919, Floor 9th, Plot-221, Maker Chamber. V. Jamnalal Bajaj Marg, Nariman Point,Mumbai- 400021
Phone: 022-22810181
Email: [email protected]
Website: http://www.resgen.in/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Manager(s)Gretex Corporate Services Pvt Ltd 

FAQ’s

The ResGen IPO price is ₹ 45 to ₹ 47 per share.

One lot of the ResGen IPO contains 3,000 shares of ₹ 141,000.

The minimum investment size is one lot for retail investors.

The finalisation of the basis of allotment for the ResGen IPO will be done on March 8, 2023, and the allotted shares will be credited to your demat account by March 10, 2023. Check the ResGen IPO allotment status.

The ResGen IPO shares listing date is March 13, 2023.

Click here for more FAQs.

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