ResGen Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Feb 2023

Close Date

02 Mar 2023

Allotment

08 Mar 2023

Listing Date

13 Mar 2023

Exchange

BSE SME

Price Band

₹47

Listing Price

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Allotment Status

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Price Band

₹47

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

60,00,000 shares (aggregating up to ₹28.20 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹141,000

1 lot

Pre-IPO Holding

1,49,75,000 shares

Promoters

Post-IPO Holding

2,09,75,000 shares

Promoters

P/E (Pre)

27.33x

UPI Deadline

2023-03-02

Mandate

Anchor AllotmentMon, 27 Feb 2023

Basis of AllotmentWed, 08 Mar 2023

Refund InitiationThu, 09 Mar 2023

Demat CreditFri, 10 Mar 2023

Listing DayMon, 13 Mar 2023

UPI Mandate Deadline2023-03-02

Sale TypeFresh Capital

Net Offer to Public57,00,000 shares (aggregating up to ₹26.79 Cr)

Market Maker Quota3,00,000 shares (aggregating up to ₹1.41 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

ResGen Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Mar 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	300,000	—	₹1.41
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,000,000	100%	₹28.20

IPO Shares Offered

ResGen Ltd. IPO total issue size: ₹28.20 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	300,000	₹1.41	5.00%
Total	6,000,000	₹28.20	100.00%

* Based on upper price band ₹47 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹47.00

Upper Band

Min Investment

₹141,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹282,000
Retail (Max — 13 Lots)	13	39,000	₹1,833,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,974,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,588,000

* Issue Price ₹47 × Lot Size 3,000 shares

IPO Schedule

Anchor

27 Feb 2023

✓ Done

IPO Open

28 Feb 2023

✓ Done

IPO Close

02 Mar 2023

✓ Done

Allotment

08 Mar 2023

✓ Done

Refunds

09 Mar 2023

✓ Done

Demat Credit

10 Mar 2023

✓ Done

Listing Day

13 Mar 2023

✓ Done

₹47.00

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Issue ₹47.00 Live Price

About ResGen Ltd.

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.

Objects of the Issue

Working Capital Requirements

Purchase of the land where our Manufacturing facility is currently situated

General Corporate Purposes

ResGen Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2.0

31-Mar-21

₹480.8

31-Mar-22

₹1,265.3

05-Dec-22

Profit After Tax (PAT)

₹0.6

31-Mar-21

₹73.5

31-Mar-22

₹246.4

05-Dec-22

Particulars	05-Dec-22	31-Mar-22	31-Mar-21
Revenue from Operations	1265.34	480.81	2.00
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	246.44	73.50	0.63
Net Worth	1510.30	367.46	136.76
Total Assets	3917.97	1371.31	1110.01
Reserves & Surplus	1091.10	147.46	-17.74
Borrowings	1486.06	932.92	961.33
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered60,00,000 (100.00%)

Net Offer to Public57,00,000 shares (aggregating up to ₹26.79 Cr)

Reserved for Market Maker3,00,000 shares (aggregating up to ₹1.41 Cr)

Pre-Issue Promoter Holding1,49,75,000 shares

Post-Issue Promoter Holding2,09,75,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Gretex Corporate Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much ResGen Ltd. IPO subscribed? ▲

ResGen Ltd. IPO is subscribed 1.00 times by Mar 02, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is ResGen Ltd. IPO retail subscription status? ▼

The ResGen Ltd. IPO retail category is subscribed 1.00 times as of 02 Mar 2023. The retail portion is oversubscribed.

How to subscribe ResGen Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Feb 2023 and closes 02 Mar 2023. Min investment: ₹141,000 (1 lot = 3,000 shares). UPI mandate: 2023-03-02.

How many times ResGen Ltd. IPO subscribed? ▼

The ResGen Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check ResGen Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Mar 2023. Refunds: on 09 Mar 2023.

When ResGen Ltd. IPO will be listed? ▼

The ResGen Ltd. IPO listing date is 13 Mar 2023, Monday. Listed on: BSE SME. Issue price: ₹47. Estimated listing: ₹47. GMP: NIL.

When ResGen Ltd. IPO close? ▼

The ResGen Ltd. IPO closes on 02 Mar 2023, Thursday. UPI mandate: 2023-03-02. Allotment: 08 Mar 2023. Listing: 13 Mar 2023.

Quick Actions

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Live Price LIVE

Last Price₹47.00

Change—

Issue Price₹47.00

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Quick Summary

StatusListed

Issue Price₹47

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹141,000

GMPNIL

Est. Listing₹47

Subscribed1.00x

Open Date28 Feb 2023

Close Date02 Mar 2023

Allotment08 Mar 2023

Listing Date13 Mar 2023

ExchangeBSE SME

UPI Deadline2023-03-02