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ResGen IPO

Small CapSME
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IPO Details

Bidding Dates

28 Feb '23 - 02 Mar '23

Minimum Investment

₹141,000 / 1 Lots ( 3000 Shares )

Price Range

₹45 - ₹47

Maximum Investment

₹141,000 / 1 Lots ( 3000 Shares )

Retail Discount

To be announced

Issue Size

₹28.20 Cr

Investor category and sub category

Qualified Institutional Buyers  |  Non-Institutional Investors  |  Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 28, 23

IPO Closing Date

Mar 2, 23

IPO Allotment Date

Mar 8, 23

Initiation of Refunds

Mar 9, 23

Credit of Shares to Demat Account

Mar 10, 23

Listing Date

Mar 13, 23

ResGen IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Feb 28 2023

0.380.630.800.56

Day 2Mar 1 2023

0.750.971.441.03

Day 3Mar 2 2023

1.093.873.882.50

About Company

Resgen Ltd. engages in making Pyrolysis Oil used in furnaces from waste plastic. Incorporated in 2018, Resgen envisioned making environmentally sustainable projects highly scalable and viable. 

They have set up a chemical recycling plant in Vikramgad (Palghar), Maharashtra. They use all types of waste plastic in producing Pyrolysis Oil and also treat the by-product, Carbon, as a substitute for coal and Gas.

ResGen Limited IPO Objective

The company proposes to utilise the funds from the fresh issue IPO on the following heads.

  • Purchase of land to set up a new manufacturing unit
  • To meet working capital requirements and general corporate purposes

Why should you invest in the ResGen Limited IPO?

Here are your top reasons to invest in the IPO. 

  • The company works on projects to make plastic waste treatment sustainable and scalable. They were awarded an Indian patent for their manufacturing unit in 2021.
  • The company has the engineering abilities to produce Pyrolysis oil, a complex carbon chemical. Pyrolysis oil has multiple uses as a fuel for boilers and furnaces, can be distilled to produce diesel and is a feedstock for producing virgin Polymer.
  • Renewable energy is an upcoming sector with great investment opportunities. In the Union budget of 2023, the government has announced a bunch of policies to boost green energy and environmentally sustainable projects. 

ResGen Limited Company Financials

ParametersFY22FY21
Total revenue₹ 480.81 ₹ 2.00
Profit After Tax₹ 73.50 ₹ 0.63
EPS0.590.01
Total Asset₹1,371.31₹1,110.01
Total Borrowing ₹932.92₹961.33

Know before investing

Strengths

3

  1. The manufacturing unit is strategically located where it can easily source raw materials.

  2. The company focuses on enhancing brand recognition through targeted marketing and establishing a presence in the major markets.

  3. They have obtained a patent for their manufacturing process.

Risks

3

  1. It is a relatively new business (commercially operative from 2021-22). There isn’t enough performance and financial data available for fundamental analysis.

  2. The segment is highly competitive, with multiple local players around.

  3. It is a high-risk segment which can get impacted by government policies.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

ResGen IPO FAQs

ResGen Limited has filed a prospectus to raise ₹28.20 crore in the price band of ₹45-47 per equity share. The IPO will open for subscription on February 28, 2023.
The IPO shares of ResGen Limited will be allotted on March 08, 2023.
One lot of ResGen Limited’ IPO has 3000 shares.
The IPO will open on February 28, 2023.
Retail investors can’t bid for more than one lot of 3000 shares.
The shares will list on the BSE exchange on March 13, 2023.
Angel One customers can log in to their accounts to check ResGen Limited IPO allotment status. When checking the allotment status, keep your application, DP ID, and PAN number ready.
Listing gain is the difference between the IPO's opening and offer prices. The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
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