ResGen Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,820,000 (47%) | — | ₹1,325 Cr |
| NII (HNI) | — | 882,000 (15%) | — | ₹415 Cr |
| Retail | — | 1,998,000 (33%) | — | ₹939 Cr |
| Market Maker | — | 300,000 (5%) | — | ₹14 Cr |
| Σ Total | — | 6,000,000 (100%) | — | ₹28,200 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹141,000 |
| Retail (Max) | 13 | 39,000 | ₹1,833,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,974,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,447,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 05-Dec-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 1,265 | 481 | 2 |
| Profit After Tax | 246 | 74 | 1 |
| Net Worth | 1,510 | 367 | 137 |
| Total Assets | 3,918 | 1,371 | 1,110 |
| Reserves & Surplus | 1,091 | 147 | -18 |
| Total Borrowing | 1,486 | 933 | 961 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements – 17.50
- Purchase of the land where our Manufacturing facility is currently situated – 1.76
- General Corporate Purposes – 5.74
Company Overview
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.