Resurgere Mines & Minerals India has filed its DRHP with sebi on
The company proposes to list the shares on BSE and NSE. The BRLM to the issue is Motilal Oswal Investment Advisors.
Resurgere Mines & Minerals India is engaged in the business of extraction, processing and sale of mineral products and exploration and development of mining assets. Its products range includes various forms of iron ore such as lump ore, size ore, calibrated lump ore and iron ore fine and bauxite. It sells all these products domestically except iron fines which it exports to
The company proposes to use the proceeds from the issue to part finance the purchase of plant & machinery for setting up of extraction and crushing facilities at the mines at a cost of Rs 12.86 crore and for purchase of railway rakes to set up the company's own logistics infrastructure facilities involving a cost of Rs 11.64 crore
The company's operational income and net profit for the financial year ending
and Rs 31.64 crore respectively and for the four months ending