Regaal Resources IPO Details & Review
Regaal Resources IPO is a bookbuilding issue of Rs. 306 crore, comprising a fresh issue of 2.06 crore shares worth Rs. 210 crore and an offer for sale of 0.94 crore shares worth Rs. 96 crore. The IPO opens for subscription on August 12, 2025, and closes on August 14, 2025. The price band is set at Rs. 96 to Rs. 102 per share, with a lot size of 144 shares. Retail investors need a minimum investment of Rs. 13,824. The tentative listing is scheduled on BSE and NSE on August 20, 2025. Pantomath Capital Advisors Pvt Ltd is the Book Running Lead Manager and MUFG Intime India Pvt Ltd (Link Intime) is the registrar.
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Final Subscription Tally of Regaal Resources IPO
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 190.96 | 387.71 | 294.73 | 356.72 | 57.75 | 159.87 |
| Applications: 35,65,292 | |||||
| Subscription Review: Strong subscription trend on the last day seen |
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Who are the promoters of Regaal Resources IPO?
The promoters of the company are Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria and BFL Private Limited.
The promoters hold 99.56% shares in the post IPO capital of the company.
What are the Objects of Regaal Resources IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The net proceeds of the Offer are proposed to be utilised in the following manner:
1.Repayment and/ or pre-payment, in full or in part, of the certain outstanding borrowings availed by the Company Rs. 159 Crore
2.General Corporate Purposes
What is the business of Regaal Resources?
Regaal Resources IPO Details
| IPO opens on | 12 August 2025 |
| IPO closes on | 14 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 30000235 Shares / Rs 306 Crore |
| * Fresh Issue | Rs 210.00 Crore |
| * Offer for Sale | Rs 96.00 Crore |
| Face Value per share: | Rs. 5 |
| Price Band | Rs. 96-102 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 26 per share |
| Retail Lot Size | 144 Shares |
| Listing will at | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35.00% of the Offer |
| NII | Not more than 15% of the Offer |
How can the shares be applied?
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 1 | 144 | 14,688 |
| Retail (Max) | 13 | 1,872 | 1,90,944 |
| S-HNI (Min) | 14 | 2,016 | 2,05,632 |
| S-HNI (Max) | 68 | 9,792 | 9,98,784 |
| B-HNI (Min) | 69 | 9,936 | 10,13,472 |
Timetable of Regaal Resources IPO
| IPO opens on | 12 August 2025 |
| IPO Closes on | 14 August 2025 |
| IPO Allotment on | 18 August 2025 |
| Unblocking of Asba | 19 August 2025 |
| Credit of Shares | 19 August 2025 |
| Listing of Shares | 20 August 2025 |
| Registered Office of the company Regaal Resources Ltd. 6th Floor, D2/2 Block-EP & GP, Sector-V Kolkata, West Bengal, 700091 |
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| Lead Managers of the IPO Pantomath Capital Advisors Pvt ltd Sumedha Fiscal Services Ltd |
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| Registrar to IPO | |
| Mufg Intime India Pvt Limited |
Regaal Resources Financial Snpshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 860.27 | 585.97 | 371.52 |
| Total Income | 917.58 | 601.08 | 488.67 |
| Profit After Tax | 47.67 | 22.14 | 16.76 |
| EBITDA | 112.79 | 56.37 | 40.67 |
| Net Worth | 235.41 | 126.61 | 104.41 |
| Reserves and Surplus | 202.44 | 125.12 | 102.92 |
| Total Borrowing | 507.05 | 357.21 | 188.93 |
| Amount in Rs. Crore | |||
Key Performance Indicators
| KPI | Values |
| ROE | 20.25% |
| ROCE | 14.17% |
| Debt/Equity | 2.08 |
| RoNW | 20.25% |
| PAT Margin | 5.19% |
| EBITDA Margin | 12.32% |
| Price to Book Value | 6.18 |
| EPS-Post | 4.64 |
| PE Ratio-Post | 21.98 |
How Regaal Resources IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Regaal Resources Limited | 20.25 | |
| Sanstar Limited | 36.46 | 7.03 |
| Gujarat Ambuja Exports Limited | 20.22 | 8.3 |
| Gulshan Polyols Limited | 44.56 | 4.02 |
| Sukhjit Starch & Chemicals Limited | 13.51 | 7.36 |
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Regaal Resources IPO Review by Paresh Gordhandas, CA & Research Analyst
A: Regaal Resources is a manufacturer of maize-based specialty products like starch, modified starch, maize flour, custard powder, and other food-grade ingredients. It also produces co-products such as gluten and enriched fiber.
A: The IPO size is Rs. 306 crore, including a fresh issue of Rs. 210 crore and an offer for sale of Rs. 96 crore.
A: The price band is Rs. 96 to Rs. 102 per share. The minimum lot size is 144 shares, requiring an investment of Rs. 13,824 for retail investors.
A: For FY25, the company reported revenue of Rs. 591 crore and PAT of Rs. 35.68 crore. At the upper band, the IPO is valued at a P/E of ~17.8x, which is reasonable compared to industry peers.
A: Listing gains may be limited, but the IPO offers long-term potential for investors looking at the agro-processing and specialty starch sector.
