ResGen Limited IPO Review
ResGen Limited IPO Overview
ResGen Limited, founded in 2018, is engaged in the process of producing Pyrolysis Oil (a alternative for furnace oil) from various waste polymers. The company’s goal was to make environmentally friendly solutions commercially viable and highly scalable.
The company’s goods focus around PYROLYSIS OIL. The extensive use of plastic in many and diverse segments is causing harmful challenges for the environment, and ResGen Limited is working to address these difficulties with its sustainable solution.
ResGen was developed on the concept of transforming plastic trash into a fuel replacement. The company has devised an amazing, eco-friendly solution that maximises productivity by utilising each by-product.
In addition to providing an alternative use for plastic waste, this also adds another fuel-related option. This innovation is known as PlasEco by ResGen. By-products from the production of PlasEco can be reused, such as Carbon, which can be used in place of coal, and Gas, which can be used in place of LPG.
ResGen Limited IPO Details
IPO Date | Feb 28, 2023 to Mar 2, 2023 |
Face Value | ₹10 per share |
Price | ₹45 to ₹47 per share |
Lot Size | 3000 Shares |
Issue Size | 6,000,000 shares of ₹10 (aggregating up to ₹28.20 Cr) |
Fresh Issue | 6,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Market Maker portion | 300,000 shares |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
QIB Shares Offered | Not more than 50% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
Market Maker | GRETEX SHARE BROKING PVT. LTD. |
Company Promoters | Mr. Karan Atul Bora and Mr. Kunal Atul Bora are the promoters of the company. |
ResGen Limited IPO Financial Performance
Period Ended | Total Assets | Total Revenue | Profit After Tax |
31-Mar-20 | 161.78 | -15.15 | |
31-Mar-21 | 1,110.01 | 2.00 | 0.63 |
31-Mar-22 | 1,371.31 | 480.81 | 73.50 |
05-Dec-22 | 3,917.97 | 1,265.34 | 246.44 |
Amount in ₹ Lakhs | |||
Period Ended | Net Worth | Reserves and Surplus | Total Borrowing |
31-Mar-20 | 136.13 | -18.37 | 24.05 |
31-Mar-21 | 136.76 | -17.74 | 961.33 |
31-Mar-22 | 367.46 | 147.46 | 932.92 |
05-Dec-22 | 1,510.30 | 1,091.10 | 1,486.06 |
Amount in ₹ Lakhs | |||
ResGen Limited IPO Key Ratios
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 |
Listing Performance of ResGen Limited IPO
Listed On : BSE SME
Issue Price : ₹45 to ₹47 per share
Listing Day Close : NA
Listing Day Gain : NA
ResGen Limited IPO ISIN Number Code
NSE : NA
ISIN CODE : NA
BSE : NA
ResGen Limited IPO Allotment Status
ResGen Limited IPO Important Dates
Opening Date | Feb 28, 2023 |
Closing Date | Mar 2, 2023 |
Basis of Allotment | Mar 8, 2023 |
Initiation of Refunds | Mar 9, 2023 |
Credit of Shares to Demat | Mar 10, 2023 |
Listing Date | Mar 13, 2023 |
ResGen Limited IPO Contact Details
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 Limited IPO Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
ResGen Limited IPO FAQ's
The ResGen Limited IPO is a BSE SME IPO of ₹45 to ₹47 per equity share with a face value of 10 per equity share.
The issue size is priced at 6,000,000 shares of ₹10 (aggregating up to ₹28.20 Cr).
The fresh issue size priced at 6,000,000 shares of ₹10 (aggregating up to ₹[.] Cr).
The registrar for the IPO is Link Intime India Private Ltd.
The ResGen Limited IPO begins on Feb 28, 2023 and ends on Mar 2, 2023.
ResGen Limited IPO Market lot size is 3000 Shares.
The finalisation of Basis of Allotment for ResGen Limited IPO will be done on March 8, 2023 and the allotted shares will be credited to your demat account by March 10, 2023. Check the ResGen Limited IPO status.
The ResGen Limited IPO listing date is on March 13, 2023.
ResGen Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
ResGen Limited IPO Comments
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