ResGen Limited, headquartered in Mumbai, is involved in the production of pyrolysis oil. Incorporated in 2018, the company is aimed at producing environmentally friendly projects. Heavy usage of plastics causes a harmful impact on the environment, and the company addresses these problems with its sustainable solutions. The company has come up with an idea to convert plastic waste into a substitute for fuel. Also, it developed a brilliant eco-friendly solution that increases efficiency by utilising by-products. This not only provides an alternative to the use of plastic waste, but it also includes fuel-related solutions.
Purpose of an issuing IPO
- To meet working capital requirements
- To fulfill corporate expenses
- purchase of the property where our manufacturing plants are currently located.
Company Financials (Amt. in lakhs)
|Period Ended||Total Assets||Total Borrowing||Profit After Tax||Total Revenue|
|Opening Date||Feb 28, 2023|
|Closing Date||Mar 2, 2023|
|Listing Date||Mar 13, 2023|
|Face Value||Rs.10 each share|
|Price||Rs.45 to Rs.47 each share|
|Lot Size||3000 shares|
|Issue Size||6,000,000 shares|
|Fresh Issue||6,000,000 shares|
|Listing At||BSE SME|