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16 Nov 2024
ResGen Limited IPO Date, Allotment, and All Details
ResGen Limited (Resource Generation)
ResGen Ltd. (Resource Generation Ltd) is a company based in South Africa and ResGen Ltd. deals in Coal. The coal mine is located in South Africa. The previous company name is COMDEK LTD and now it's changed to the new company name ResGen Ltd. in the year 2008.
ResGen Ltd. is a company that deals with the heavy usage of Plastic in various diverse to create hazardous issues for the environment (the substitute of furnace oil) from all kinds of waste plastics. This company is founded on the idea of using plastic waste and converting it into a substitute for fuel.
This company believes in ingenious, eco-friendly solution, which uses each by-product to increase efficiency. The company uses waste plastic but adds an additional solution for fuel. The company's purpose is to generate Carbon, which substitutes for coal; Gas, which substitutes for LPG.
Financial Performance
| Parameter | March 31, 2020 (in Rs. Lakhs) |
March 31, 2021 (in Rs. Lakhs) |
March 31, 2022 (in Rs. Lakhs) |
| Total Assets | 161.78 | 1,110.01 | 1,371.31 |
| Total Revenue | 0 | 2.00 | 480.8 |
| Profit After Tax | -15.15 | 0.63 | 73.50 |
Objective of ResGen Ltd. IPO
The primary objective of ResGen Limited IPO is to raise funds for the following purposes:
- Working Capital Requirements
- Purchase of the land where our Manufacturing facility is currently situated
- General Corporate Purposes.
ResGen Ltd. IPO Details
| IPO Date | Feb 28, 2023 to Mar 2, 2023 |
| Allotment | Mar 08, 2023 |
| Listing Date | Mar 13, 2023 |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹45 to ₹47 Per Equity Shares |
| Issue Size | 6,000,000 shares(INR ₹28.2 Crore) |
| Market Lot (min. Amt.) | 3000 Shares (Rs. 1,41,000/-) |
| Listing on | BSE SME |
| Lead Manager | Gretex Share Broking Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
Company Promoters ResGen Ltd.
The Promoters of ResGen Limited are:
- Mr. Karan Atul Bora
- Mr. Karan Atul Bora
As per the Draft Red Herring Prospectus (DRHP) filed by the company with SEBI, the promoter group collectively holds 94.15% of the pre-issue paid-up equity share capital of the company. After the IPO, their shareholding in the company will reduce to 67.22% of the post-issue paid-up equity share capital.
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