What does Resurgere Mines and Minerals India Limited do?

Resurgere Mines and Minerals India Limited is a Mumbai-incorporated mining company (1987) that holds long-term raising and purchasing rights for bauxite and soapstone mines. Bauxite is the primary ore used in aluminium production, while soapstone (talc) is used in ceramics, cosmetics, and industrial applications.

Why is Resurgere Mines trading at ₹0.01 per share?

A share price of ₹0.01 typically indicates the company is either dormant, has been suspended from trading on exchanges, has negative net worth, or has faced serious operational or financial difficulties. Investors should exercise extreme caution and verify company status through BSE/NSE disclosures and MCA filings before considering any investment.

Is Resurgere Mines listed on BSE or NSE?

The company was historically listed on both BSE and NSE (as indicated in the company description). However, the current trading status should be verified directly with the exchanges, as companies with very low prices like ₹0.01 are often under surveillance, in the Z group, or suspended from active trading.

What minerals does Resurgere Mines hold rights for?

The company holds long-term raising and purchasing rights for bauxite mines (bauxite is used to produce alumina and aluminium) and soapstone (also called talc, used in ceramics, paper, paint, and cosmetics manufacturing).

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Resurgere Mines and Minerals India Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Resurgere Mines and Minerals India Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Resurgere Mines and Minerals India Limited Unlisted Share Price | Buy Resurgere Mines and Minerals India Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Resurgere Mines and Minerals India Limited Unlisted Share Price | Buy Resurgere Mines and Minerals India Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Resurgere Mines and Minerals India Limited is a high-risk, likely distressed mining company trading at ₹0.01 per share on the unlisted market. The company holds bauxite and soapstone mining rights which are potentially valuable assets, but the near-zero share price signals deep financial trouble, possible operational dormancy, or regulatory issues. Investors should treat this as a speculative, high-risk position and conduct thorough due diligence through BSE/NSE disclosures, MCA filings, and mining department records before any investment.

Pros

Holds long-term mining rights for bauxite and soapstone — two minerals with established industrial demand from aluminium refining and ceramic/industrial applications respectively
Incorporated in 1987 with over 35 years of existence, suggesting the company has some operational continuity and regulatory standing in the mining sector

Cons

Share price of ₹0.01 per share strongly indicates the company is effectively dormant, financially distressed, or has faced significant operational and regulatory challenges
At ₹0.01 price, the company's effective market capitalisation is negligible, suggesting minimal investor confidence and likely penny stock or suspended trading status
Mining companies in India face stringent environmental, forest clearance, and regulatory approvals; delays or cancellations of mining leases are common risks that could render mineral rights worthless
Limited public financial information available; the extremely low share price suggests recurring losses, negative net worth, or non-operational status

Business Segments

Bauxite Mining

Holds long-term rights for bauxite mine; ore sold to aluminium refiners and smelters

Soapstone Mining

Soapstone (talc) extraction and sale to ceramics and industrial buyers

Revenue Model

Resurgere Mines generates revenue through the extraction and sale of bauxite and soapstone under long-term mining rights agreements. Revenue depends on mining volumes, mineral prices, and regulatory clearances for operations at mine sites.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds7

Growth Plans

Revival through new promoter takeover or restructuring could theoretically unlock value from mineral rights

Rising bauxite prices globally (driven by aluminium demand from EV sector) could motivate revival of dormant mining operations if regulatory clearances are in order

Industry Tailwinds

Revival through new promoter takeover or restructuring could theoretically unlock value from mineral rights

Recent Developments

Comparable Companies

CompanyTypeTickerMkt Cap

National Aluminium CompanyPE: 12–15xxListedNALCO25,000 Cr

Vedanta LimitedPE: 8–12xxListedVEDL1,50,000 Cr

GMDC (Gujarat Mineral Development Corporation)PE: 10–14xxListedGMDCLTD5,000 Cr

National Aluminium CompanyListed

Frequently Asked Questions

About Resurgere Mines and Minerals India Limited

Resurgere Mines and Minerals India Limited is a Mumbai-based mining company listed on BSE and NSE, incorporated in 1987. The company holds long-term raising and purchasing rights for a bauxite mine in Maharashtra and mining rights for soapstone in Rajasthan. Revenue has collapsed to near-zero from its peak, with a five-year sales CAGR of -80.8%. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC, 2016), making it one of the most distressed listed mining entities in India. SEBI issued enforcement orders against the company in September 2020, followed by an adjudication order in June 2022. Cumulative losses stand at approximately Rs. 310 Cr, and the stock trades at a fraction of its historical price. The company has initiated closure proceedings for several non-operational subsidiaries to contain further losses. Investors in Resurgere Mines face near-total capital loss risk given the combination of CIRP proceedings, SEBI enforcement actions, and zero revenue operations.

Key Milestones

Incorporated in 1987 in Mumbai, Maharashtra

Listed on BSE and NSE — though trading appears to have deteriorated significantly based on ₹0.01 price

Common questions about unlisted shares

How do I buy Resurgere Mines and Minerals India Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Resurgere Mines and Minerals India Limited

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