ResGen IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 02, 2023Let’s have a detailed review of the company and analytics of the ResGen IPO release date, IPO offer price, subscription, ResGen Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 45 to Rs 47 |
| Listing At | BSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Mar 13, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,820 Lakh |
| Tick Size | 1 |
ResGen IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – ResGen Share Price |
ResGen IPO – Summary
ResGen Limited was established in 2018, and is headquartered in Mumbai. The ResGen was envisioned to make environment saving projects commercially viable and highly scalable. Humanity has a massive problem, the usage of plastic, and the unavailability of a robust disposal and recycling ecosystem.
The amount of plastics they use cause various environmental hazards. Plastic reduction efforts cannot surpass the growing demand. Building sustainable steps towards a healthier environment needs their immediate attention. ResGen was founded on the idea of using plastic waste and converting it into a substitute for fuel.
The Promoter of this company is Mr. Karan Atul Bora and Mr. Kunal Atul Bora. The lead manager to the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
ResGen IPO Date
The opening and closing dates of ResGen IPO are Feb 28, 2023 and Mar 2, 2023 respectively.
ResGen IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 28th Feb | 0.38x | 0.63x | 0.80x | 0.56x |
| 2nd Day – 1st Mar | 0.75x | 0.97x | 1.44x | 1.03x |
| 3rd Day – 2nd Mar | 1.09x | 3.87x | 3.88x | 2.50x |
| Shares Offered or Net Issue | 2,820,000 | 882,000 | 1,998,000 | 5,700,000 |
The shares subscribed by the public will be updated here.
ResGen IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
ResGen Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 8, 2023 |
| Refunds Initiation | Mar 9, 2023 |
| Credit of Shares to Demat Account | Mar 10, 2023 |
| Share Listing Date | Mar 13, 2023 |
ResGen IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 45 to Rs 47
ResGen IPO Equity Size
This Initial Public Issue of 6,000,000 Equity Shares of Rs.10 each for cash at a price of Rs 45 to Rs 47 per equity share aggregating to Rs.2,820 Lakh.
ResGen IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,000,000 Equity Shares of Rs.10/ each.
Issue Size: 6,000,000 Equity Shares of Rs.10 each, aggregating to Rs.2,820 Lakh
Open Free Demat Account Now!
ResGen IPO – Live Performance
The listing date of this IPO is Mar 13, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – ResGen Share Price |
ResGen IPO Grey Market Premium
The ResGen Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
ResGen IPO – Company Overview
Their company is engaged in the process of manufacturing Pyrolysis Oil (a substitute for furnace oil) from all kinds of waste plastics. They call this: PlasEco.
During the manufacturing of PlasEco, they’re able to repurpose the by-products generated, such as Carbon, which substitutes for coal; and Gas, which substitutes for LPG.
The company has set up a Chemical Recycling Plant in Vikramgad (Palghar), Maharashtra, considering its proximity to the Municipal Corporations of Mumbai, Thane, Kalyan & Dombivli.
They at ResGen, have come up with an ingenious method, which is not only ecofriendly but also gives by-products which are very essential to one and all.
The major by-product being combustible liquid and gaseous fuel, it can replace the diesel or furnace oils, which will directly reduce the need and impact of their combustible fuel resources. They use a patented catalytic process to improve the efficiency, safety and scalability of the pyrolysis process.
ResGen IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 05-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 3,917.97 | 1,371.31 | 1,110.01 | 161.78 |
| *Total Revenue | 1,265.34 | 480.81 | 2.00 | – |
| Total Expense | 921.01 | 376.49 | 1.37 | 15.15 |
| Profit After Tax | 246.44 | 73.50 | 0.63 | (15.15) |
Earnings per Equity Share (in Lakh)
| 05-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.94 | 0.59 | 0.01 | (0.14) |
Further, their PAT for the period ended on Dec 05, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 246.44 Lakh, Rs. 73.50 Lakh, Rs. 0.63 Lakh and Rs. (15.15) Lakh respectively.
ResGen IPO – Promoters
The Promoter of this company is:
- Mr. Karan Atul Bora
- Mr. Kunal Atul Bora
List of Related Parties (Key Managerial Personnel)
- Karan Atul Bora, Managing Director
- Abhijeet Oza Ashok, Executive Director
- Milind Rane, Non- Executive Director
- Brandon Alvestine Almeida, Independent Director
- Shruti Mahesh Rambhia, Independent Director
ResGen IPO – Promoters Holding
- Pre-Issue Share Holding – 94.15%
- Post Issue Share Holding – 67.22%
ResGen IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,000,000 Equity Shares aggregating up to Rs.2,820 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 57,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 19,98,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 8,82,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,49,75,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,09,75,000 Equity Shares |
ResGen IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Working Capital Requirements
2. Purchase of the land where their Manufacturing facility is currently situated.
3. General Corporate Purposes
ResGen IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Continue to strive for cost efficiency
- Focus on consistently meeting quality standards
- Increase Brand awareness
- Strategic Acquisition and Alliance Opportunities
ResGen IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- They have successfully decoded the formula for Pyrolysis.
- Strategic Location of Manufacturing Unit
- Well-defined organizational structure
- Existing Supplier Relationship
- Progressive Employer
- Focus on Increase in Volume of Sales
- Continue to strive for cost efficiency
- Focus on consistently meeting quality standards
- Increase Brand awareness
- Strategic Acquisition and Alliance Opportunities
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.58 | 20.00 | 17.90 |
| 31-Mar-21 | 0.04 | 0.46 | 8.85 |
| Mar-20 | (46.58) | (0.11) | 418.42 |
ResGen IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| ResGen Limited | 10 | [●] | 3.58 | 20.00 | 1,265.34 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
ResGen IPO Lead Managers
| Lead Managers |
| 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. Tel No.: +91 22 4002 5273 / 96532 49863 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
ResGen IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
ResGen IPO – Other Details
- Statutory Auditor – M/s Gupta Agarwal & Associates Chartered Accountants
- Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM KINI
- Bankers to the Company – BANK OF MAHARASHTRA
ResGen IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to ResGen IPO
ResGen Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
ResGen IPO Review FAQs
Check out various FAQs related to ResGen IPO:
What is the Issue Size of ResGen IPO?
The Company is making an initial public offer of 6,000,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of ResGen IPO?
The price band for this particular IPO ranges between Rs 10. As far as the face value of the share is of concern, it is Rs 45 to Rs 47 per share.
What is the ResGen IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 28, 2023, while the closing date is set at Mar 2, 2023.
What is the ResGen IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 8, 2023, refund initiation is on Mar 9, 2023, credit of shares is on Mar 10, 2023, and share listing date is on Mar 13, 2023.
What is the ResGen IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 13, 2023. The date, when the listing would be done, is stagnant on Mar 13, 2023.
Who is the Registrar of ResGen IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Pvt Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of ResGen IPO?
Here are the promoters of this IPO – Mr. Karan Atul Bora and Mr. Kunal Atul Bora. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of ResGen IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is ResGen IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of ResGen Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 73.50, 2021 is 0.63, and 2020 is (15.15). PAT from Dec 2022 is 246.44.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics