Experts in your opinion What is Resgen's expected list price?
86. Vnrao| Link| Bookmark|
March 11, 2023 12:48:38 PM
Top Contributor (500+ Posts, 200+ Likes)
Monday also Nifty, BankNifty and Sensex will open in RED. Can’t expect much premium from Resgen. If one can hold up to Financial Results of the Company for FY 2022-23 expected in April/May, which should be excellent, we can see consecutive upper circuits and may give 40 to 50% gain on Issue price of Rs.40/-.
Trading members of the Exchange are hereby informed that the equity shares of RESGEN LIMITED shall be listed and admitted to dealings on the Exchange in due course.
Name of the company. Resgen Limited Scrip Code 543805 Symbol. RESGEN ISIN No. INE0G1V01016
The date of listing and the details of the securities shall be informed through a separate notice.
For and on behalf of BSE Limited
Rupal Khandelwal Assistant General Manager Date: Thursday, March 9, 2023
81. PLAZA| Link| Bookmark|
March 9, 2023 7:24:10 PM
IPO Guru (2400+ Posts, 1300+ Likes)
The pyrolysis oil is similar to a mixture of petrol, kerosene and diesel. It can be used as a fuel for combustion purpose. Since plastic contains very low % of Sulphur and nitrogen thus it has very low PPM level of Sulphur and nitrogen. This making it environment friendly and reducing burdon of plastic waste. It is widely used in Plaseco as a replacement for furnace oil or diesel, used extensively in industrial applications such as Industrial Boilers, Construction Industry, Casting Furnace, Construction / Mining and Rotary-Kiln Cement Plant.
During the manufacturing of pyrolysis Oil, two by products are produced namely "Carbon" and "Gas" . Both of the BY-PRODUCT is used by the company to add value to its business. • Carbon is combustible and has commercial value. It is used as a fuel primarily for combustion in burners in industries like cement and paper. "It gets sold at 4.00 Rs per kg by Resgen." • The Non-condensable output post Pyrolysis is Gas. This gas can be used to run Gas generators to produce electricity. In our process this gas is also used as a fuel for burners. Like LPG, flue gas has no pollutants. All gas produced, is consumed in the plant itself and none is sold 'making the plant self-sufficient.' So we use our own power to run the factory," We also have generators and electricity from local municipal corporation to support the manufacturing process.
The pyrolysis process is complex and requires high operational and investment costs. After a 3 years of Research development and various tests our company has successfully decoded the method to convert the plastic waste and plastic scarp in Pyrolysis Oil.
*We have successfully decoded the formula for Pyrolysis and been granted the PATENT for process of manufacturing.*
*Strategic Location of Manufacturing Unit* Our Company has setup its manufacturing unit in a very strategic area of Maharashtra. The basic raw material required for our manufacturing facility is the plastic waste and it is easily available at the industrial areas and the consumption of our finish products are also done in the same industrial area.
$ The company is being supported by governments and they pay nothing to acquire plastic waste.
$ They get paid for certificates issued by them as an effort of saving environment and doing recycling work.
$ This is a huge margin business as it is evident by recent financials.
$ No listed peer in India who does this kind of work.
$ Only company in India that has been granted PATENT for pyrolysis oil manufacturing as a result of 3 years hard work.
** Invested by one lot as an allotment.
76.2. KPCT| Link| Bookmark|
March 11, 2023 4:46:16 PM
Top Contributor (600+ Posts, 200+ Likes)
If this is not overstated and catch attention arround listing time....it may list arround 100
Can not comment on listing. But the things mentioned in ResGen RHP was hard to believe so it took few weeks to discuss it with company source to be able to post here in public platform. Nothing is overstated you can cross check with RHP.
76.4. KPCT| Link| Bookmark|
March 11, 2023 9:13:22 PM
Top Contributor (600+ Posts, 200+ Likes)
I meant, "overstated" not bu you but co. Agree with you that "it is hard to believe"