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Regaal Resources IPO is a bookbuilt issue of ₹306.00 crore. It combines a fresh issue of 2.06 crore shares aggregating to ₹210.00 crore and an offer for sale of 0.94 crore shares aggregating to ₹96.00 crore.
The IPO opens for subscription on August 12, 2025, and closes on August 14, 2025. The allotment is expected to be finalized on Monday, August 18, 2025. The price band for the IPO is set at ₹96 to ₹102 per share, and the minimum lot size for an application is 144 shares.
Company Summary
Incorporated in 2012, Regal Resources Limited manufactures maize specialty products in India, with a crushing capacity of 750 tonnes per day.
The company caters to customers across diverse industries, including food products, paper, animal feed, and adhesives, both domestically and internationally.
The company’s model caters to three customer segments:
- End product manufacturers,
- Intermediate product manufacturers and
- Distributors/wholesale traders.
The company’s clients include Emami Paper Mills Limited, Manioca Food Products Private Limited, Century Pulp & Paper, Kush Proteins Private Limited, Shri Guru Oil Industries, Mayank Cattle Food Limited, Aarnav Sales Corporation, AMV Sales Corporation, Eco Tech Papers, Genus Paper Board Private Limited, Krishna Tissues Private Limited, Maruti Papers Private Limited, and M/s Vasu and Sons.
As of May 31, 2025, the company employed 491 people in various departments.
Product Portfolio
The company manufactures the following products:-
- Maize starch and modified starch – a natural plant-based starch from maize.
- Co-products –include gluten, germ, enriched fiber, and fibre; and
- Food grade starches: maize flour, icing sugar, custard powder, baking powder.
The manufacturing unit is located in Kishanganj, Bihar, spanning 54.03 acres with zero liquid discharge.
The company exports its products to Nepal and Bangladesh.
Company Strengths
- The strategic advantage of the manufacturing facility is near raw materials and consumption markets.
- An efficient procurement strategy is aided by multifaceted raw material sourcing avenues.
- Diversified product portfolio serving various industries, well-positioned to leverage industry trends.
- Established and widespread sales and distribution network.
- Experienced promoters and management.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 860.27 | 585.97 | 371.52 |
| Revenue | 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 ₹ Crore | |||
Objectives of IPO
- Repayment and/ or pre-payment, in full or in part, of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Promoters of the Company
The promoters of the company are Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria, and BFL Private Limited.
IPO Details
| IPO Date | August 12, 2025 to August 14, 2025 |
| Listing Date | August 20, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹96 to ₹102 per share |
| Lot size | 144 shares |
| Total Issue Size | 3,00,00,235 shares (aggregating up to ₹306.00 Cr) |
| Fresh Issue | 2,05,88,235 shares (aggregating up to ₹210.00 Cr) |
| Offer for sale | 94,12,000 shares of ₹5 (aggregating up to ₹96.00 Cr) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 8,21,35,940 shares |
| Share Holding Post Issue | 10,27,24,175 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 144 | ₹14,688.00 |
| Retail (Max) | 13 | 1,872 | ₹1,90,944.00 |
| S-HNI (Min) | 14 | 2,016 | ₹2,05,632.00 |
| S-HNI (Max) | 68 | 9,792 | ₹9,98,784.00 |
| B-HNI (Min) | 69 | 9,936 | ₹10,13,472.00 |
Allotment Schedule
| Basis of Allotment | Mon, 18 Aug, 2025 |
| Initiation of Refunds | Tue, 19 Aug, 2025 |
| Credit of Shares to Demat | Tue, 19 Aug, 2025 |
| Tentative Listing Date | Wed, 20 Aug, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
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