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 – Details
| IPO Opening Date | 28 February 2023 |
| IPO Closing Date | 02 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 60,00,000 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 Lot | 3000 Shares |
| Min Order1 | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
ResGen IPO – Date Schedule
| IPO Open Date | 28 February 2023 |
| IPO Close Date | 02 March 2023 |
| Basis of Allotment | 08 March 2023 |
| Initiation of Refunds | 09 March 2023 |
| Credit of Shares to Demat Account | 10 March 2023 |
| IPO Listing Date | 13 March 2023 |
ResGen IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,41,000 |
| Maximum | 1 | 3000 | 1,41,000 |
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.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 0 | 0.15 | -0.15 |
| 31 March 2021 | 0.02 | 0.01 | 0.0063 |
| 31 March 2022 | 4.80 | 3.76 | 0.73 |
| 05 December 2022 | 12.65 | 9.21 | 2.46 |
ResGen IPO Promoter Holding
| Pre Issue Share Holding | 94.15% |
| Post Issue Share Holding | 67.22% |
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 Email: info@resgen.in Website: http://www.resgen.in/ |
ResGen IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
ResGen IPO Lead Manager(s)
| 1. Gretex Corporate Services Pvt Ltd |
ResGen IPO FAQs
| 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. |
