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SME IPO Status: Listed [28th Feb 2023 to 2nd Mar 2023]
ResGen Limited offers a SME IPO issue size of Rs 28.20 Cr, Subscription for this IPO is opening from 28 Feb 2023 to 02 Mar 2023.. The face value of the equity share is Rs 10 per share and the issue price band is ranging from Rs 45 to Rs 47 per share. along with the minimum lot size of 3,000 shares and their multiples.
Stay tuned with us to know more about ResGen Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 28th Feb 2023 |
| SME IPO Issue Closing Date: | 2nd Mar 2023 |
| SME IPO Issue Price: | ₹45-47 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹28.20 Cr |
| Fresh Issue: | ₹28.20 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 94.15% |
| Promoter Holding Post IPO: | 67.22% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543805 |
Get important updates regarding ResGen SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 8th Mar 2023 |
| Refunds Initiation* | 9th Mar 2023 |
| Credit of Shares to Demat* | 10th Mar 2023 |
| SME IPO Listing Date* | 13th Mar 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹45-47 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹141000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 13-03-2023 | 47 | 1 | -- | ₹48 (2.13%) | 13-Mar-2023 10:42 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
ResGen Limited was established in 2018, and is headquartered in Mumbai. ResGen was envisioned to make environment saving projects commercially viable and highly scalable. Humanity has a massive problem, the usage of plastic, and the unavailability of a robust disposal and recycling ecosystem. The amount of plastics they use cause various environmental hazards. Plastic reduction efforts cannot surpass the growing demand. Building sustainable steps towards a healthier environment needs their immediate attention.
ResGen was founded on the idea of using plastic waste and converting it into a substitute for fuel. They have come up with an ingenious, eco-friendly solution, which uses each by-product to increase efficiency. They have taken a huge step towards seeing a pollution free India, and It hopes they can leave a better pollution free future for its future generations.
This company is engaged in the process of manufacturing Pyrolysis Oil (a substitute for furnace oil) from all kinds of waste plastics. They call this: 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. ResGen, have come up with an ingenious method, which is not only ecofriendly but also gives by-products which are very essential to one and all. The major by-product being combustible liquid and gaseous fuel, it can replace the diesel or furnace oils, which will directly reduce the need and impact of their combustible fuel resources.
| Incorporation | Sector | IPO Issue Size | Website |
| 2018 | Plastic Waste Fuel | ₹28.20 Cr | http://www.resgen.in/ |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,820,000 (49.47%) | 882,000 (15.47%) | 1,998,000 (35.05%) | 5,700,000 | |
| 1 | 28th Feb 2023 16:59 | 0.38x | 0.63x | 0.80x | 0.56x |
| 2 | 1st Mar 2023 16:59 | 0.75x | 0.97x | 1.44x | 1.03x |
| 3 | 2nd Mar 2023 19:00 | 1.09x | 3.87x | 3.88x | 2.50x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 161.78 | -15.15 | 136.13 | -18.37 | 24.05 | |
| 31-Mar-21 | 1,110.01 | 2.00 | 0.63 | 136.76 | -17.74 | 961.33 |
| 31-Mar-22 | 1,371.31 | 480.81 | 73.50 | 367.46 | 147.46 | 932.92 |
| 05-Dec-22 | 3,917.97 | 1,265.34 | 246.44 | 1,510.30 | 1,091.10 | 1,486.06 |
| Amount in ₹ Lakhs | ||||||
Last Updated on 16-Mar-2023 09:00:15
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase ResGen SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply ResGen SME IPO with Zerodha.
Alternate approch to apply in ResGen SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
ResGen SME IPO Review and Important Updates
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To subscribe or apply in ResGen SME IPO, you can use the following methods:
| ResGen SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in ResGen SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in ResGen SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in ResGen SME IPO. Most of the Syndicate Banks provide access to apply in ResGen IPO via ASBA process. You must have your net banking access, DP ID information to apply in ResGen SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in ResGen SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
ResGen SME IPO Review and Important Updates
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ResGen SME IPO is going to be list on 13-03-2023. NSE Code for ResGen is . BSE Code for ResGen is 543805.
Other relevant questions:
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ResGen SME IPO Allotment Date is 08-03-2023.
Other relevant questions:
ResGen SME IPO share allotment date?ResGen SME IPO allotment date?
