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.
Objects of the Issue:
- The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:
- 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;
- General Corporate Purposes.
Resurgere Mines & Minerals India Ltd IPO Information
»» Public Issue Open: Aug 11, 2008 to Aug 13, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 44,50,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 263/- to Rs 272/-
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Motilal Oswal Investments Advisors Pvt Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: rmmil.ipo@intimespectrum.com)
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