Established in 2018, ResGen Limited is a Mumbai-based company specializing in the manufacturing of Pyrolysis Oil, a sustainable substitute for furnace oil, produced from various waste plastics. The company’s mission is to make environment-saving projects commercially viable and highly scalable.
Focusing on the production of PYROLYSIS OIL, ResGen Limited offers an innovative and eco-friendly solution to address the hazardous environmental issues caused by the heavy usage of plastic in various industries.
The company’s core idea revolves around using plastic waste and transforming it into a valuable fuel substitute. Through their ingenious process called PlasEco, ResGen not only provides an alternative use for plastic waste but also utilizes each by-product generated during manufacturing to increase efficiency.
The by-products, such as Carbon and Gas, are repurposed to act as substitutes for coal and LPG, respectively. This approach not only contributes to the proper disposal of plastic waste but also offers sustainable solutions for fuel needs.
By pioneering the PlasEco innovation, ResGen Limited aims to make a positive impact on the environment and contribute to a more sustainable and cleaner future.
Resgen Ltd Stock Quote #
- Open: ₹68.70
- High – Low: ₹68.70 – ₹66.00
- Previous Close: ₹67.72
- Total Traded Value: 81,000
- 52 Weeks High: ₹72.99 (Jul 20, 2023)
- 52 Weeks Low: ₹35.00 (Mar 27, 2023)
- Updated On: Jul 24, 2023 4:00 PM
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 Size | 6,000,000 shares (aggregating up to ₹28.20 Cr) |
| Fresh Issue | 6,000,000 shares (aggregating up to ₹28.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 300,000 shares Gretex Share Broking |
ResGen IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 300,000 (5.00%) |
| QIB Shares Offered | 2,820,000 (47.00%) |
| NII (HNI) Shares Offered | 882,000 (14.70%) |
| Retail Shares Offered | 1,998,000 (33.30%) |
| Total Shares Offered | 6,000,000 (100%) |
ResGen IPO Timetable (Tentative) #
ResGen IPO opens on Feb 28, 2023, and closes on Mar 2, 2023.
| IPO Open Date | Tuesday, 28 February 2023 |
| IPO Close Date | Thursday, 2 March 2023 |
| Basis of Allotment | Wednesday, 8 March 2023 |
| Initiation of Refunds | Thursday, 9 March 2023 |
| Credit of Shares to Demat | Friday, 10 March 2023 |
| Listing Date | Monday, 13 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 2, 2023 |
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% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 161.78 | -15.15 | 136.13 | -18.37 | 24.05 | |
| 31-Mar-21 | 1,110.01 | 2.00 | 0.63 | 136.76 | -17.74 | 961.33 |
| 31-Mar-22 | 1,371.31 | 480.81 | 73.50 | 367.46 | 147.46 | 932.92 |
| 05-Dec-22 | 3,917.97 | 1,265.34 | 246.44 | 1,510.30 | 1,091.10 | 1,486.06 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 27.33 |
| Market Cap (₹ Cr.) | 98.58 |
Objects of the Issue #
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- Working Capital Requirements
- Purchase of the land where our Manufacturing facility is currently situated
- General Corporate Purposes.
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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.09 |
| NII | 3.87 |
| Retail | 3.88 |
| Total | 2.50 |
ResGen IPO Prospectus #
ResGen IPO Listing Details #
| Listing Date | Mar 13, 2023 |
| BSE Script Code | 543805 |
| NSE Symbol | |
| ISIN | INE0NYN01016 |
| Final Issue Price | ₹47 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹47.00 |
| ₹49.00 |
| ₹46.55 |
| ₹49.00 |
| ₹46.57 |
Check IPO Performance…
Company Contact Information #
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 #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
ResGen IPO Lead Manager(s) #
Frequently Asked Questions #
What are the dates for the ResGen IPO? #
The ResGen IPO opened on February 28, 2023, and closed on March 2, 2023.
When will the ResGen IPO allotment status be available? #
The ResGen IPO allotment status is expected to be available on March 8, 2023, as per the timeline provided in the red-herring prospectus.
How can I check the ResGen IPO allotment status online? #
To check the ResGen IPO allotment status, you can visit the ResGen IPO allotment status page and click on the green “ResGen IPO Allotment Status” button. Then, enter your PAN number, Application Number, or DP Client ID of the demat account and click on “Search.”
What is the expected listing date for ResGen IPO? #
The ResGen IPO is expected to be listed on BSE SME on March 13, 2023.
What is the IPO subscription status for ResGen IPO? #
As of the latest update, the ResGen IPO has been subscribed 2.50 times, with the Qualified Institutional Buyers (QIB) category being subscribed 1.09 times, the Non-Institutional Investors (NII) category being subscribed 3.87 times, and the Retail Individual Investor (RII) category being subscribed 3.88 times.
What is the issue price and lot size of ResGen IPO? #
The issue price of ResGen IPO is set at ₹45 to ₹47 per share, and the lot size is 3000 shares.
Who are the promoters of ResGen Limited? #
The promoters of ResGen Limited are Mr. Karan Atul Bora and Mr. Kunal Atul Bora.
What is the business focus of ResGen Limited? #
ResGen Limited actively engages in the manufacturing process of Pyrolysis Oil from all kinds of waste plastics. Their innovative solution, PlasEco, effectively converts plastic waste into a substitute for fuel, while also generating by-products like Carbon and Gas that find various applications.
Please note that the information provided here is based on the available data and may be subject to change.
