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Let’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

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    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:

    1. Mr. Karan Atul Bora
    2. 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.[●]
    Net Issue to the Public Up to 57,00,000 Equity Shares aggregating up to Rs.[●]
    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

    ResGen IPO Lead Managers

    Lead Managers
    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
    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


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      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.

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