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:
- To meet the Working Capital requirements.
- Purchase of the land where our Manufacturing facility is currently situated.
- General Corporate Purpose.
Financial Highlights (Restated)
| Particulars | Period ended on 5 Dec. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1510 | 367 | 137 | 136 |
| Total Assets | 3918 | 1371 | 1110 | 162 |
| Total Borrowings | 1486 | 933 | 961 | 24 |
| Total Revenue | 1265 | 481 | 2 | 0 |
| Profit After Tax | 246 | 73 | .63 | -15.15 |
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 Type | Book Built Issue IPO |
| IPO Price | ₹ 45 to ₹ 47 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 6,000,000 shares of ₹ 10 (Aggregating up to ₹ 28.20 Crore) |
| Fresh Issue | 6,000,000 shares of ₹ 10 (Aggregating up to ₹ [.] Crore) |
| QIB Shares Offered | Not more than 50% of the net issue |
| NII (HNI) Shares Offered | Not less than 15% of the net issue |
| Retail Shares Offered | Not less than 35% of the net issue |
| Listing At | BSE SME |
| Company Promoters | Mr. 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 Date | February 28, 2023 |
| Closing Date | March 2, 2023 |
| Basis of Allotment | March 8, 2023 |
| Initiation of Refunds | March 9, 2023 |
| Credit of shares to Demat A/c | March 10, 2023 |
| Listing Date | March 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 141,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 141,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 282,000 |
Promoters Holdings – ResGen IPO
| Pre-issue Shares Holdings | 94.15% |
| Post-issue Shares Holdings | 67.22% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | ResGen 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 Registrar | Bigshare 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
What is the ResGen IPO price?
The ResGen IPO price is ₹ 45 to ₹ 47 per share.
What will be the ResGen IPO lot size?
One lot of the ResGen IPO contains 3,000 shares of ₹ 141,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will ResGen IPO allotment be available?
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.
When will ResGen IPO list on exchanges?
The ResGen IPO shares listing date is March 13, 2023.
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