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Open
11 Aug 2008
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Close
13 Aug 2008
3
Allotment
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Listing
Mon, Sep 1, 2008
Price Band
₹263 to ₹272
Issue Size
44,50,000 shares (agg. up to ₹120 Cr)
Lot Size
20 Shares
Listing Date
Mon, Sep 1, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.14x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Plant and Machineries at Nuagoan Mine | 23.66 |
| 2 | Purchase of Plant and Machineries at Maharajpur Mine | 45.27 |
| 3 | Purchase of Plant and Machineries at Jharkhand Mine | 46.06 |
| 4 | Purchase of 6 railway rakes | 116.36 |
| 5 | Provision for Contingencies and Pre Operative Expenses | 8.24 |
| 6 | General Corporate Purposes | 10.00 |
| 7 | Issue expenses | 9.80 |
About Resurgere Mines IPO
Incorporated in 1987, Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China.Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire productio
Contact Details
Resurgere Mines & Minerals India Ltd. Address156, Maker Chambers IIINariman PointMumbai, Maharashtra, 400021+ 91-22-66582500cosec@resurgere.inVisit Website