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Resurgere Mines & Minerals IPO is a book built issue of Rs 120.15 crores.
Resurgere Mines & Minerals IPO bidding started from August 11, 2008 and ended on August 13, 2008. The shares got listed on BSE, NSE on September 1, 2008.
Resurgere Mines & Minerals IPO price band is set at ₹263 to ₹272 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹5,440.
Motilal Oswal Investment Advisors Limited is the book running lead manager of the Resurgere Mines & Minerals IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Resurgere Mines & Minerals IPO RHP for detailed information.
| IPO Date | August 11, 2008 to August 13, 2008 |
| Listing Date | September 1, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹263 to ₹272 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 4,450,000 shares (aggregating up to ₹120.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 24,091,550 |
| Share holding post issue | 28,541,550 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹5,440 |
| Retail (Max) | 36 | 720 | ₹195,840 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 66.5% |
| Share Holding Post Issue | 56.12% |
Incorporated in 1987, Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China.
Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire production of the mine. All the three mines carry high quality iron ore of about 62% - 64% Fe content.
They have made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra.They are also engaged in merchant export of iron ore fines to China.
| Particulars | For the year/period ended (Rs. in Millions) | ||||
| 31-Jul-07 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 809.26 | 1,834.15 | 861.88 | 716.08 | 1,068.83 |
| Profit After Tax (PAT) | 184.67 | 316.39 | 94.69 | 2.27 | 2.41 |
| KPI | Values |
|---|---|
| RoNW | 31.03% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:
1. Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines;
2. Purchase of railway rakes to set up our own logistics infrastructure facilities;
3. Margin money for working capital;
4. General Corporate Purposes.
The Resurgere Mines & Minerals IPO is subscribed 1.16 times on August 13, 2008 5:00:00 PM. The public issue subscribed 0.40 times in the retail category, 1.34 times in the QIB category, and 2.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | September 1, 2008 |
| BSE Script Code | 533017 |
| NSE Symbol | RMMIL |
| ISIN | INE774I01031 |
| Final Issue Price | ₹270 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹270.00 |
| ₹272.05 |
| ₹272.05 |
| ₹562.80 |
| ₹524.35 |
| NSE |
|---|
| ₹270.00 |
| ₹285.00 |
| ₹278.20 |
| ₹568.90 |
| ₹533.55 |
Resurgere Mines & Minerals India Ltd
156, Maker Chambers – III,
Nariman Point,
Mumbai - 400021, Maharashtra.
Phone: + 91-22-66582500
Email: cosec@resurgere.in
Website: http://www.resurgere.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rmmil.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Resurgere Mines & Minerals IPO is a main-board IPO of 4,450,000 equity shares of the face value of ₹10 aggregating up to ₹120.15 Crores. The issue is priced at ₹263 to ₹272 per share. The minimum order quantity is 20 Shares.
The IPO opens on August 11, 2008, and closes on August 13, 2008.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Resurgere Mines & Minerals IPO opens on August 11, 2008 and closes on August 13, 2008.
Resurgere Mines & Minerals IPO lot size is 20 Shares, and the minimum amount required is ₹5,440.
You can apply in Resurgere Mines & Minerals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Resurgere Mines & Minerals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Resurgere Mines & Minerals IPO allotment status.
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