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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What is the latest news relating to Regaal Resources IPO?   

The company will enter the market on 12th August 2025. The listing is tentatively on 20 August 2025.

 

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?

Regal Resources Limited, incorporated in 2012, is engaged in the manufacturing of maize specialty products with a crushing capacity of 750 tonnes per day.
Its product portfolio includes maize starch, modified starch, food-grade starches (such as maize flour, icing sugar, custard powder, and baking powder), as well as co-products like gluten, germ, enriched fiber, and fibre.
The company’s modern manufacturing unit, spread across 54.03 acres in Kishanganj, Bihar, is a zero-liquid-discharge facility. Regal Resources serves both domestic and international markets (including Nepal and Bangladesh), catering to industries such as food processing, paper, animal feed, and adhesives. Its customer segments comprise end product manufacturers, intermediate product manufacturers, and distributors/wholesalers.
Some of its key clients include Emami Paper Mills, Century Pulp & Paper, and Krishna Tissues.
As of May 31, 2025, the company had 491 employees.

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
Lead Managers of the IPO 
Pantomath Capital Advisors Pvt ltd
Sumedha Fiscal Services Ltd
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

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Regaal Resources IPO Review by Paresh Gordhandas, CA & Research Analyst

 

Q1: What does Regaal Resources Limited do?

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.

Q2: What is the size and structure of Regaal Resources IPO?

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.

Q3: What is the price band and lot size for Regaal Resources IPO?

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.

Q4: How are the company’s financials and valuation?

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.

Q5: Is Regaal Resources IPO good for listing gains or long-term investment?

A: Listing gains may be limited, but the IPO offers long-term potential for investors looking at the agro-processing and specialty starch sector.

Regaal Resources IPO

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