ResGen Limited

Company Profile
Company Name ResGen Limited
Open Date 28-02-2023
Close Date 02-03-2023
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹ 47 per share
Issue Size 60,00,000 Equity Shares
Application Amount ₹ 1,41,000
Recommendation Avoid
ResGen Limited was incorporated in the year 2018 in Maharashtra. The company is primarily engaged in the manufacturing of Pyrolysis oil. The manufacturing set up of the company is strategically located at Vikramgad (Palghar), Maharashtra, considering its proximity to the Municipal Corporations of Mumbai, Thane, Kalyan & Dombivli. Company’s manufacturing process also produces by-products in the form of Carbon and Gas. Company uses a patented catalytic process to improve the efficiency, safety and scalability of the pyrolysis process.
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Summary of Financials (All financials in Lakh)

For the Period Ended 05 Dec-22 Mar-22 Mar-21
Total Assets 3,917.97 1,371.31 1,110.01
Net Assets 1,510.30 367.46 136.76
Total Borrowings 1,486.06 932.92 961.33
Total Revenue 1,265.34 480.81 2.00
Profit After Tax 246.44 73.50 0.63

Tentative Timeline

Opening Date 28-02-2023
Closing Date 02-03-2023
Basis of Allotment 08-03-2023
Initiation of Refunds 09-03-2023
Credit of Shares to Demat 10-03-2023
Listing Date 13-03-2023

Objects of the Issue

Working Capital Requirements
Purchase of the land where our Manufacturing facility is currently situated
General Corporate Purposes.

Contact Information

Registered Office ResGen Limited 919, Floor 9th, Plot-221, Maker Chamber. V. Jamnalal Bajaj Marg, Nariman Point, Mumbai- 400021
Phone 022-22810181

Offer Documents

ResGen Limited RHP

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 3,00,000 (5.00%)
QIB Shares Offered 28,20,000 (47.00%)
NII (HNI) Shares Offered 8,82,000 (14.70%)
Retail Shares Offered 19,98,000 (33.30%)
Total Shares Offered 60,00,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 94.15%
Post Issue Share Holding (Promoters) 67.22%

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