Resurgere Mines & Minerals India Ltd - IPO

Resurgere Mines & Minerals India Ltd IPO Details

Public issue of 44,50,000 equity shares of Rs.10/- each of Resurgere Mines & Minerals India Limited (Resurgere or the issuer or our company) at a price of Rs.270/- per equity share (including a share premium of Rs.260/- per equity share) for cash aggregating Rs.120.15 Crores (hereinafter referred to as this issue).This issue comprises of reservation of 250,000 equity shares aggregating Rs.6.75 Crores for eligible employees on a competitive basis and the net issue to the public of 42,00,000 equity shares aggregating Rs.113.40 Crores. The net issue would constitute 14.72% of the post issue paid-up capital of our company.Issue Price is Rs.270/- per equity share of face value Rs.10/-The issue price is 27 times of the face value

Objective of issue

Setting up own Extraction & Crushing Facil.at Mine. Purchase of 6 railway Rakes. Working Capital Margin. Provision ofr Contingencies & Pre-Operative Exp. General Corporate Purposes.

Resurgere Mines & Minerals India Ltd Contact Details

Resurgere Mines & Minerals India Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - info@resurgere.in

Website - www.resurgere.in