ResGen IPO GMP, Review, Price, Allotment

ResGen IPO GMP 2023

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.

ResGen 2023

Promoters of ResGen – Mr. Karan Atul Bora and Mr. Kunal Atul Bora

ResGen IPO Details

ResGen IPO Dates28 Feb – 2 Mar 2023
ResGen IPO PriceINR 45 – 47 per share
Fresh issue60,00,000 shares (INR 28.20 crore)
Offer For SaleNil
Total IPO size60,00,000 shares (INR 28.20 crore)
Minimum bid (lot size)3,000 shares (INR 141,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE SME

ResGen Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income(15.15)0.6373.50246.44
Figures in INR Lakhs unless specified otherwise

ResGen Offer News

ResGen Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio76.27 – 79.66
RONW (%)(0.11)0.4620.00
ROCE (%)(11.13)0.0814.57
EBITDA (%)33.041.86
*Compiled by IPO Central from Prospectus

ResGen IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon

ResGen IPO Subscription – Live Updates

Shares Offered28,20,00011,82,00019,98,00060,00,000
2 Mar 20231.092.893.882.38
1 Mar 20230.750.731.440.98
28 Feb 20230.380.470.800.54

ResGen Offer Lead Manager

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]

ResGen Offer Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
+91 22 6263 8200
[email protected]

ResGen Contact Details

919, Floor 9th, Plot-221,
Maker Chamber V Jamnalal Bajaj Marg,
Nariman Point Mumbai-400021, Maharashtra, India
Phone: 022-22810181
E-mail: [email protected]

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 Date28 February 2023
IPO Closing Date2 March 2023
Finalisation of Basis of Allotment8 March 2023
Initiation of refunds9 March 2023
Transfer of shares to demat accounts10 March 2023
ResGen IPO Listing Date13 March 2023
Opening Price on BSE SMEINR 49 per share (up 4.26%)
Closing Price on BSE SMEINR 46.75 per share (down 0.53%)


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.


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