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Open
28 Feb to 2 Mar, 2023
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Close
28 Feb to 2 Mar, 2023
3
Allotment
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Listing
Mon, Mar 13, 2023
Price Band
₹45 to ₹47
Issue Size
60,00,000 shares (agg. up to ₹28 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Mar 13, 2023
Latest GMP
₹1
Est. Gain
2.13%
✦ AI Insight
GMP Trend
13-03-2023₹1Est. ₹48+2.13%
12-03-2023₹2Est. ₹49+4.26%
11-03-2023₹2Est. ₹49+4.26%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.39x |
Restated Financials (₹ Cr.)
| Period Ended | 05 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 39.18 | 13.71 | 11.10 | 1.62 |
| Total Income | 12.65 | 4.81 | 0.02 | |
| Profit After Tax | 2.46 | 0.74 | 0.01 | -0.15 |
| NET Worth | 15.10 | 3.67 | 1.37 | 1.36 |
| Reserves and Surplus | 10.91 | 1.47 | -0.18 | -0.18 |
| Total Borrowing | 14.86 | 9.33 | 9.61 | 0.24 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 17.50 |
| 2 | Purchase of the land where our Manufacturing facility is currently situated | 1.76 |
| 3 | General Corporate Purposes | 5.74 |
About ResGen IPO
Incorporated in 2018, 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.+ Read More
Contact Details
ResGen Ltd. Address919, Floor 9th, Plot-221, Maker Chamber.V.Jamnalal Bajaj Marg, Nariman PointMumbai, Maharashtra, 400021022-22810181info@resgen.inVisit Website