Resurgere Mines & Minerals Limited IPO - new IPO

Resurgere Mines & Minerals Limited IPO

# Open - August 11
# Close - August 13
# Issue Type - 100% Book Built Issue (Initial Public Offer IPO)
# Issue Size - 5,000,000 Equity Shares of Rs. 10/-
# Issue Price - Rs 263/- to Rs 272/- Per Equity Share
# Maximum Subscription Amount for Retail Investor: Rs 100,000/-
# Listing - BSE/NSE
# Lead Manager - Motilal Oswal Investment Advisors Pvt. Ltd
# Registrar - Intime Spectrum Registry Limited
# Phone - 022 2596 0320
# Email - rmmil.ipo@intimespectrum.com
# Website - www.intimespectrum.com
# Minimum and Maximum shares for retail category - 1 lot - — shares and — lot — – shares.
# Minimum and Maximum amount for retail category - 1 lot - Rs — and — lot - Rs — @ cut off.
# Application Multiple - — and in multiples there off starting with atleast — shares
# Cheque In Favour Of - ——- For Retail Investors.
Resurgere Mines & Minerals Limited is engaged in the business of extraction, processing and sale of mineral products and exploration and development of mining assets. Resurgere’s product range includes various forms of iron ore such as Lump ore, Size ore, Calibrated Lump ore (CLO) and iron ore fines etc. and bauxite. Company sell’s all these products domestically except iron ore fines which company export’s to China.

Resurgere Mines is one of the few Companies in the mining industry to have obtained ISO 9001:2000 and ISO 14001:2004 Certification from UKAS, United Kingdom. Furthermore, Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Resurgere currently operate in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and it purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere has entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company has 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.

Resurgere has 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. Further, Resurgere is also engaged in merchant export of iron ore fines to China. Company also propose to venture in bauxite mining and processing business in the near future and hold a mining lease over bauxite mines situated in Yelwan Jugai, Maharashtra through our wholly owned subsidiary M/s. Warana Minerals Private Limited (WMPL). WMPL is a partner with 60% share in a registered partnership firm, Shri Warana Minerals which is engaged in the business of mining bauxite ore under the said 30 year mining lease.

Objects of the issue :

* Achieve the benefits of listing on the Stock Exchanges.
* Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines.
* Purchase of railway rakes to set up our own logistics infrastructure facilities.
* Margin money for working capital.

financial information - Its Operational Income and Profit after Tax (PAT) after restatement of financial statements for the financial year ending March 31, 2007 was Rs. 1642.43 millions and Rs. 316.40 millions respectively and for four months ending July 31, 2007 it was Rs. 724.07 millions and Rs. 184.67 millions respectively. Its Operational Income and PAT have grown at a CAGR of 17.29% and 321.71% respectively over the period of three years.

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