ResGen IPO description – Incorporated in 2018, ResGen manufactures Pyrolysis Oil (a substitute for furnace oil) from all kinds of waste plastics. The company was envisioned to make environment-saving projects commercially viable and highly scalable.
The heavy usage of plastic in various and diverse segments is creating hazardous issues for the environment and ResGen with its sustainable solution strives at addressing these problems. The company was founded on the idea of using plastic waste and converting it into a substitute for fuel.
ResGen 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 adds an additional solution for fuel. ResGen calls 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.
Promoters of ResGen – Mr. Karan Atul Bora and Mr. Kunal Atul Bora
ResGen IPO Details
| ResGen IPO Dates | 28 Feb – 2 Mar 2023 |
| ResGen IPO Price | INR 45 – 47 per share |
| Fresh issue | 60,00,000 shares (INR 28.20 crore) |
| Offer For Sale | Nil |
| Total IPO size | 60,00,000 shares (INR 28.20 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 141,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
ResGen Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 |
| Revenue | – | 2.0 | 480.81 | 1,265.34 |
| Expenses | 15.15 | 1.37 | 376.49 | 921.0 |
| Net income | (15.15) | 0.63 | 73.50 | 246.44 |
ResGen Offer News
ResGen Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.14) | 0.01 | 0.59 |
| PE ratio | – | – | 76.27 – 79.66 |
| RONW (%) | (0.11) | 0.46 | 20.00 |
| NAV | 1.29 | 1.14 | 2.93 |
| ROCE (%) | (11.13) | 0.08 | 14.57 |
| EBITDA (%) | – | 33.0 | 41.86 |
| Debt/Equity | 0.18 | 7.03 | 2.54 |
ResGen IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
ResGen IPO Subscription – Live Updates
| Category | QIB | Non-retail | Retail | Total |
| Shares Offered | 28,20,000 | 11,82,000 | 19,98,000 | 60,00,000 |
| 2 Mar 2023 | 1.09 | 2.89 | 3.88 | 2.38 |
| 1 Mar 2023 | 0.75 | 0.73 | 1.44 | 0.98 |
| 28 Feb 2023 | 0.38 | 0.47 | 0.80 | 0.54 |
ResGen Offer Lead Manager
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor, New Bansilal Building,
Raja Bahadur Mansion, 9-15, Homi Modi Street,
Fort, Mumbai– 400001, Maharashtra, India
Phone: +91 22 4002 5273 / 96532 49863
Email: [email protected]
Website:Â www.gretexcorporate.com
ResGen Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
ResGen Contact Details
RESGEN LIMITED
919, Floor 9th, Plot-221,
Maker Chamber V Jamnalal Bajaj Marg,
Nariman Point Mumbai-400021, Maharashtra, India
Phone: 022-22810181
E-mail: [email protected]
Website: www.resgen.in
ResGen IPO Allotment Status
ResGen IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
ResGen IPO Dates & Listing Performance
| IPO Opening Date | 28 February 2023 |
| IPO Closing Date | 2 March 2023 |
| Finalisation of Basis of Allotment | 8 March 2023 |
| Initiation of refunds | 9 March 2023 |
| Transfer of shares to demat accounts | 10 March 2023 |
| ResGen IPO Listing Date | 13 March 2023 |
| Opening Price on BSE SME | INR 49 per share (up 4.26%) |
| Closing Price on BSE SME | INR 46.75 per share (down 0.53%) |
ResGen IPO FAQs
What is ResGen’s offer size?
ResGen offer size is INR 28.20 crore.
What is ResGen IPO Price Band?
TraResGen public offer price is INR 45 – 47 per share.
What is the lot size of the ResGen IPO?
ResGen offer lot size is 3,000 shares.
What is ResGen IPO GMP today?
ResGen IPO GMP today is INR NA per share.
What is the ResGen kostak rate today?
ResGen kostak rate today is NA per application.
What is ResGen Subject to Sauda rate today?
ResGen Subject to Sauda rate today is INR NA per application.
