The ResGen IPO date has been confirmed from February 28 and ended on March 2 .
The ResGen IPO is a public offering of Rs 28.20 crores, consisting of 60 lakh newly issued shares. Bidding for the ResGen IPO commenced on February 28, 2023, and concluded on March 2, 2023. The allotment process for the IPO was finalized on Wednesday, March 8, 2023. Subsequently, the shares were listed on the BSE SME on March 13, 2023.
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Bidding Dates
February 28 – March 2 ,2023
Price Range
₹45 to ₹47 per share
Face Value
₹10 per share
GMP
₹ 1
ResGen IPO GMP
The ResGen IPO GMP is ₹[1].
IPO Overview
The price range for the ResGen IPO has been established at ₹45 to ₹47 per share. Retail investors are required to apply for a minimum lot size of 3000 shares, which translates to a minimum investment of ₹141,000. On the other hand, High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, equivalent to 6,000 shares, with a total investment amount of ₹282,000. ResGen have established a chemical recycling factory in Vikramgad (Palghar), Maharashtra. They employ all forms of waste plastic to produce pyrolysis oil and also treat the byproduct, carbon, as a substitute for coal and gas.
ResGen IPO Date & Price Band Details
| IPO Date | February 28, 2023 to March 2, 2023 |
| Listing Date | March 13, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
ResGen IPO Market Lot
The minimum requirement for investors to bid is 3000 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment for both retail investors and high net worth individuals (HNI) in terms of shares and monetary value.
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹141,000 |
| Retail (Max) | 1 | 3000 | ₹141,000 |
| HNI (Min) | 2 | 6,000 | ₹282,000 |
ResGen IPO Allotment and Listing Dates
| IPO Open Date | Tuesday, February 28, 2023 |
| IPO Close Date | Thursday, March 2, 2023 |
| Basis of Allotment | Wednesday, March 8, 2023 |
| Initiation of Refunds | Thursday, March 9, 2023 |
| Credit of Shares to Demat | Friday, March 10, 2023 |
| Listing Date | Monday, March 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 2, 2023 |
ResGen Limited Company Financials
| Parameters | FY22 | FY21 | FY20 |
| Total revenue | ₹ 480.81 | ₹ 2.00 | NA |
| Profit After Tax | ₹ 73.50 | ₹ 0.63 | ₹ 15.15 |
| EPS | 0.59 | 0.01 | 0.14 |
| Total Asset | ₹1,371.31 | ₹1,110.01 | ₹161.78 |
| Total Borrowing | ₹932.92 | ₹961.33 | ₹24.05 |
Company Profile
ResGen Limited, established in 2018, specializes in the production of Pyrolysis Oil, a sustainable alternative to furnace oil, derived from various types of waste plastics. Headquartered in Mumbai, the company aims to make environmentally-friendly projects economically viable and easily scalable. ResGen’s primary focus lies in the development and utilization of PYROLYSIS OIL. With the widespread use of plastics across different industries, the detrimental impact on the environment has become a pressing concern. ResGen Limited endeavors to tackle these issues by offering a sustainable solution. The inception of ResGen was
driven by the vision of utilizing plastic waste and transforming it into a viable fuel substitute. Through innovative and eco-friendly methods, the company maximizes efficiency by utilizing every by-product. This not only provides an alternative use for plastic waste but also offers an additional solution for fuel.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | ResGen Limited |
| Phone number | 022-22810181 |
| Email ID | info@resgen.in |
| Website | https://www.resgen.in/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
