ResGen Limited IPO (ResGen IPO)

ResGen Limited IPO
Upcoming ResGen IPO | New ResGen IPO

ResGen Limited is engaged in the process of manufacturing Pyrolysis Oil (a substitute for furnace oil) from all kinds of waste plastics. The company’s headquarter is situated in Mumbai. The company was envisioned to make environment-saving projects commercially viable and highly scalable.

The products of the company revolve around PYROLYSIS OIL.

The heavy usage of Plastic in various and diverse segments is creating hazardous issues for the environment and ResGen Limited with its sustainable solution strives at addressing these problems.

ResGen was founded on the idea of using plastic waste and converting it into a substitute for fuel. The company has come up with an ingenious, eco-friendly solution, which uses each by-product to increase efficiency. This not only offers alternate use of plastic waste but add an additional solution for fuel.

ResGen call this innovation: PlasEco. During the manufacturing of PlasEco, they are able to repurpose the by-products generated, such as Carbon, which substitutes for coal; and Gas, which substitutes for LPG.

ResGen IPO

ResGen IPO – Details

IPO Opening Date28 February 2023
IPO Closing Date02 March 2023
Issue TypeBook Built Issue IPO
Issue Size60,00,000 Shares Worth ₹28.20 Crore
Fresh Issue: 60,00,000 Shares Worth ₹28.20 Crore
Face Value₹10 per equity share
IPO Price₹45-₹47
Market Lot3000 Shares
Min Order13000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

ResGen IPO – Date Schedule

IPO Open Date28 February 2023
IPO Close Date02 March 2023
Basis of Allotment08 March 2023
Initiation of Refunds09 March 2023
Credit of Shares to Demat Account10 March 2023
IPO Listing Date13 March 2023

ResGen IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

Competitive Strengths

  • The Company’s has successfully decoded the formula for Pyrolysis.
  • Strategic Location of Manufacturing Unit.
  • Well-defined organizational structure.
  • Existing Supplier Relationship.
  • Progressive Employer.
  • Focus on Increase in Volume of Sales.
  • Continue to strive for cost efficiency.
  • Focus on consistently meeting quality standards.
  • Increase Brand awareness.
  • Strategic Acquisition and Alliance Opportunities.

Company Promoters

  • Mr. Karan Atul Bora
  • Mr. Kunal Atul Bora

Object Of The Issue

  • Working Capital Requirements.
  • Purchase of the land where the Manufacturing facility is currently situated.
  • General Corporate Purpose.
ResGen IPO
Issue Object

Company Financials

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202000.15-0.15
31 March 20210.020.010.0063
31 March 20224.803.760.73
05 December 202212.659.212.46
Amount in ₹ Crore

ResGen IPO Promoter Holding

Pre Issue Share Holding94.15%
Post Issue Share Holding67.22%

ResGen IPO Prospectus

Company Contact Information

ResGen Limited

919, Floor 9th, Plot-221, Maker Chamber.
V. Jamnalal Bajaj Marg, Nariman Point,
Mumbai- 400021

Phone: 022-22810181

ResGen IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

ResGen IPO Lead Manager(s)

1. Gretex Corporate Services Pvt Ltd


What is ResGen IPO?

ResGen IPO is a SME IPO. The issue is priced at ₹45-₹47 per equity share. The IPO is to be listed on BSE SME.
When ResGen IPO will open?

The IPO is to open on  28 February 2023 for QIB, NII and Retail Investors.
What is ResGen IPO Investors Portion?

The investors portion for QIB-50%, NII-15%, and Retail-35%.
How to ResGen IPO?

You can apply ResGen IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the ResGen IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “ResGen”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the ResGen IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “ResGen”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is ResGen IPO Size?

ResGen IPO size is ₹28.20 crores.
What is ResGen IPO Price Band?

ResGen IPO Price Band is ₹45-₹47.
What is ResGen IPO Minimum and Maximum Lot Size?

The minimum bid is 3000 Shares with ₹1,41,000 amount while the maximum bid is 3000 shares with  ₹1,41,000.
What is the ResGen IPO Allotment Date?

ResGen IPO allotment date is  08 March 2023.
What is the ResGen IPO Listing Date?

ResGen IPO listing date is 13 March 2023. The IPO is to list on BSE SME.
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