Regaal Resources IPO is a Mainboard public offer worth ₹306 crore. It will be open for investors to apply from August 12 to August 14, 2025. Out of this, ₹210 crore is from new shares, and ₹96 crore is from existing shareholders selling their shares.
Each share has a face value of ₹5, and the price range is ₹96 to ₹102 per share. The lot size for this IPO is 144 shares. For retail investors, the minimum investment is ₹13,824-14688 for 1 lot (144 shares). For Small Non-Institutional Investors (SHNI), the minimum application is 14 lots (2,016 shares), requiring an investment of ₹2,05,632. For Big Non-Institutional Investors (BHNI), the minimum application is 69 lots (9,936 shares), amounting to ₹10,13,472.
The Regaal Resources IPO will open for subscription on August 12, 2025, and close on August 14, 2025. The allotment is expected to be finalized on Monday, August 18, 2025, and Shares will list on the BSE and NSE on Wednesday, August 20, 2025(Tentative).
📈 IPO Listing Details
| IPO Listing Date | 20 August 2025 (Wednesday) |
| ISIN | |
| NSE Symbol | |
| BSE Script Code | |
| Issue Price | ₹ |
| Listing Price | [₹0] |
| Listing Gain/Loss (%) | [+0%] |
📈 Listing Day Trading Information
| Price | BSE | NSE |
|---|---|---|
| Share Allotment Price(Issue Price) | 0 | 0 |
| Open | 0 | 0 |
| High | 0 | 0 |
| Low | 0 | 0 |
| VWAP | 0 | 0 |
| Close | 0 | 0 |
📊 Regaal Resources IPO Details
| IPO Type | Main Board |
|---|---|
| IPO Method | Book Building |
| IPO Open Date | 12 August 2025 (Tuesday) |
| IPO Close Date | 14 August 2025 (Thursday) |
| IPO Listing Date | 20 August 2025 (Wednesday) |
| Price Band | ₹96 to ₹102 per share |
| Lot Size | 144 Shares |
| Face Value | 5 |
| Issue Size | ₹306 Crores (approx.) |
| Fresh Issue | ₹210 Crores (approx.) |
| Offer for Sale (OFS) | ₹96 Crores (approx.) |
| Listing Exchange | NSE,BSE(BSE is the Designated Stock Exchange) |
🔔 IPO Timeline
⏳ Regaal Resources IPO Subscription Status (Day-wise)
| Day | QIB | NII | RII | Employees | Total |
|---|---|---|---|---|---|
| Day 1 | .73x | 1.93x | 1.55x | x | 1.40x |
| Day 2 | 3.36x | 67.76x | 21.85x | x | 26.40x |
| Day 3 | 190.97x | 356.73x | 57.75x | x | 159.88x |
📋Regaal Resources IPO reservation table
| Investor Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
| Anchor Investors | 0 | 0 | 0 |
| Qualified Institutional Buyers (QIB) (Other than Anchor) (A) | 59,99,904 | 1,14,57,89,712 | 190.97x |
| Non-Institutional Investors (NII) Total (B=B1+B2) | 44,99,928 | 1,60,52,43,888 | 356.73x |
| Non-Institutional Investors (NII) Big# (B1) | 29,99,952 | 1,16,31,40,416 | 387.72x |
| Non-Institutional Investors (NII) Small#(B2) | 14,99,976 | 44,21,03,472 | 294.72x |
| Retail Individual Investors (RII) (C) | 1,04,99,832 | 60,63,40,944 | 57.75x |
| Employee Reserved category (D) | – | – | – |
| Total (Exclude Anchor Portion) (A+B+C+D) | 2,09,99,664 | 3,35,73,74,544 | 159.88x |
📦 Regaal Resources IPO Lot Size
Table is Prepared at the upper end of the price band (₹102).
| Application | Lot Size | No. of Shares | Amount |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
👤👥 Promoter Shareholding Table (Pre & Post Issue)
| Shareholder | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Promoters | 99.56% | 70.44% |
| Others (Public / Investors) | 0.44% | 29.56% |
| Total | 100% | 100% |
🏢 Company Overview
Regaal Resources Limited is an Indian manufacturer of maize-based speciality products including native maize starch, modified starch, maize flour, baking ingredients, and co-products such as maize germ, fiber, gluten, and steep liquor. Incorporated in 2016, the company began production in 2018 and currently operates with a crushing capacity of 750 TPD, making it one of the largest maize speciality product manufacturers in India and the second largest in Eastern India by capacity.
The company’s 54.03-acre manufacturing facility is located in Kishanganj, Bihar, with headquarters in Kolkata, West Bengal. Products are supplied to sectors such as food, pharmaceuticals, paper, textiles, and animal feed. The facility holds ISO certification and includes a Zero Liquid Discharge (ZLD) unit, Effluent Treatment Plant (ETP), and Reverse Osmosis (RO) systems for water recycling. It has a maize storage capacity of 65,000 MT across silos and warehouses, along with captive power generation and renewable energy usage.
🎯 Objects of the Offer
- Repayment of borrowings.
- General corporate purposes.
₹ Financial Snapshot (As of and For the Fiscal Ended on)
| Particulars | 31-Mar-2025 | 31-Mar-2024 | 31-Mar-2023 |
|---|---|---|---|
| Revenue (₹ Cr) | 915.16 | 600.02 | 487.96 |
| Revenue (₹ Cr)(Including Other Income) | 917.58 | 601.08 | 488.67 |
| Profit After Tax (₹ Cr) | 47.67 | 22.14 | 16.76 |
| Profit After Tax Margin (%)(On Total Revenue) | 5.19 | 3.68 | 3.43 |
| Earnings per share (in ₹) | 6.03 | 2.89 | 2.20 |
| Total Assets (₹ Cr) | 860.27 | 585.97 | 371.52 |
| Total Borrowings (₹ Cr) | 507.05 | 357.21 | 188.93 |
| Net Worth (₹ Cr) | 235.41 | 126.61 | 104.41 |
| NAV per equity share (in ₹) | 28.66 | 16.51 | 13.62 |
📈 Regaal Resources IPO Key Performance Indicators
| Particulars | FY2024-25 | FY2023-24 | FY2022-23 |
|---|---|---|---|
| EBITDA (₹ Cr) | 112.79 | 56.37 | 40.67 |
| EBITDA Margin (%) | 12.32% | 9.39% | 8.34% |
| Return on Equity (RoE %) | 20.25% | 17.49% | 16.05% |
| Return on Capital Employed (RoCE %) | 14.17% | 10.07% | 10.99% |
| Debt to Equity Ratio(In Times) | 2.08 | 2.65 | 1.68 |
| Operating Cash Flows(₹ Cr) | (11.20) | (22.51) | 34.61 |
⚔️ Comparison with Listed Competitors
| Company Name | Closing Price(₹) as on July 21, 2025 | Revenue from Operations (FY24-25, ₹ in Cr) | Face Value (₹) | EPS (₹) | P/E Ratio (x) | RoNW (%) | NAV (₹) | EBITDA Margin (%) FY 25 | PAT Margin (%) |
|---|---|---|---|---|---|---|---|---|---|
| Regaal Resources Ltd | – | 917.58 | 5 | 6.03 | N/A | 20.25 | 28.66 | 12.32% | 5.19 |
| Sanstar Limited | 94.06 | 971.45 | 2 | 2.58 | 36.46 | 7.03 | 34.18 | 5.87% | 4.51 |
| Gujarat Ambuja Exports Limited | 110.02 | 4695.06 | 1 | 5.44 | 20.22 | 8.30 | 65.46 | 8.69% | 5.31 |
| Gulshan Polyols Limited | 176.00 | 2024.54 | 1 | 3.95 | 44.56 | 4.02 | 87.07 | 4.72% | 1.22 |
| Sukhjit Starch & Chemicals Limited | 172.80 | 1506.19 | 5 | 12.79 | 13.51 | 7.36 | 173.82 | 7.46% | 2.65 |
*EPS figures are as per respective company financials. P/E is based on closing prices as on July 31, 2025.Data is based on the latest available financials and may differ from actual market movements. Revenue is For the Financial Year 2024-2025.
🔍 Strengths & Risks
💪 Key Strengths
- Strategic Location – Manufacturing plant provides access to nearby international markets such as Bangladesh and Nepal.
- Unique Presence in Bihar – Only company with a maize milling unit in the state.
- Proximity to Raw Material Source – Facility is located in Bihar’s maize-growing belt, enabling efficient sourcing.
- Direct Procurement – Purchases maize directly from farmers, reducing dependency on intermediaries.
⚠️ Key Risks
- Vendor Concentration – A large portion of maize procurement comes from the top 10 vendors. Any disruption in supply or change in terms could impact production and costs.
- Past Regulatory Orders – SEBI had previously restricted certain promoters from capital market activities for a fixed period, which has since been completed.
- ROC Compliance History – There have been past delays in filing statutory forms; penalty adjudication with the Registrar of Companies is ongoing.
- Cash Flow Position – The company reported negative net cash flows in recent financial years; future performance may be affected if such trends continue.
📞 Key Contacts for Regaal Resources IPO
| 🏢 Company Contact Regaal Resources Limited Tinku Kumar Gupta, Company Secretary and Compliance Officer 6th Floor, D2/2, Block-EP & GP, Sector-V, Kolkata, West Bengal, India, 700091 Tel: 033 3522 2405; E-mail: cs@regaal.in; Website: www.regaalresources.com | 🧾 Registrar to the Issue MUFG Intime India Private Limited C-101, 247 Park, 1st Floor, LBS Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Contact Person: Shanti Gopalkrishnan Tel: +91 810 811 4949 E-mail: regaalresources.ipo@in.mpms.mufg.com (Investor grievance) Website: www.in.mpms.mufg.com |
📘 Book Running Lead Managers (BRLMs)
| BRLM Full Name |
|---|
| Pantomath Capital Advisors Private Limited,Sumedha Fiscal Services Limited |
For full contact details including representatives, emails, and phone numbers, of BRLM’s please refer to the Red Herring Prospectus (RHP).
📂Important IPO Documents
- 📄 Red Herring Prospectus (RHP)
- 📄 Draft Red Herring Prospectus (DRHP)
- 📄 Anchor Investors Allocation Report.
- 📄 Basis of Allotment(Published After allotment)
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