Regaal Resources IPO
Bookbuilding IPO | ₹306.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Aug 12, 2025
IPO Close
Thu, Aug 14, 2025
Price Band
₹96.00 to ₹102.00
Market Cap (Pre-IPO)
₹1,047.79 Cr
IPO Details
| IPO Date | Aug 12, 2025 to Aug 14, 2025 |
| Listing Date | Tentative: Aug 20, 2025 |
| Face Value | ₹5.00 per share |
| Price Band | ₹96.00 to ₹102.00 |
| Lot Size | 144 Shares (Minimum: ₹14,688.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹306.00 Crores |
| Total Shares Offered | 29,999,520 shares |
| Fresh Issue | 20,587,520 shares |
| Offer For Sale | 9,412,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 190.96x |
| NII | 356.72x |
| RII | 57.75x |
| Total | 159.87x |
Regaal Resources IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,49,99,760 (50.00%) |
| Retail Shares Offered | 44,99,928 (15.00%) |
| NII Shares Offered | 1,04,99,832 (35.00%) |
Regaal Resources IPO Lot Size
Investors can bid for a minimum of 144 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 144 | ₹14,688 |
| Retail (Max) | 13 | 1,872 | ₹190,944 |
| S-HNI (Min) | 14 | 2,016 | ₹205,632 |
| S-HNI (Max) | 68 | 9,792 | ₹998,784 |
| B-HNI (Min) | 69 | 9,936 | ₹1,013,472 |
Regaal Resources Financial Information (Restated Consolidated)
Regaal Resources Ltd.'s revenue increased by 53% and profit after tax (PAT) rose by 115% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 20.25% |
| ROCE (Return on Capital Employed) | 14.17% |
| Debt/Equity | 2.08 |
| RoNW (Return on Net Worth) | 20.25% |
| PAT Margin (Profit After Tax Margin) | 5.19% |
| EBITDA Margin | 12.32% |
| Price to Book Value | 6.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.80 | 4.64 |
| P/E (x) | 17.58 | 21.98 |
| Promoter Holding | 99.56% | 70.45% |
Company Promoters
- The promoters of the company are Anil Kishorepuria
- Shruti Kishorepuria
- Karan Kishorepuria and BFL Private Limited.
Company Overview
Incorporated in 2012, Regal Resources Limited manufactures maize specialty products in India, with a crushing capacity of 750 tonnes per day.
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.
The company caters to domestic and international customers across diverse industries including food products, paper, animal feed, and adhesives.
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.
Company Strengths
- Strategic advantage of the manufacturing facility near raw materials and consumption markets.
- Efficient procurement strategy 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.
Use of Proceeds
| 1) | Repayment and/ or pre-payment, in full or in part, of the certain outstanding borrowings availed by the Company | 159.00 |
| 2) | General Corporate Purposes | 28.14 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Regaal Resources IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Regaal Resources Limited | 6.05 | 6.03 | 28.66 | 0.00 | 20.25 | 0.00 | - |
| Sanstar Limited | 2.58 | 2.58 | 34.18 | 36.46 | 7.03 | 2.76 | Consolidated |
| Gujarat Ambuja Exports Limited | 5.44 | 5.44 | 65.46 | 20.22 | 8.30 | 1.69 | Consolidated |
| Gulshan Polyols Limited | 3.95 | 3.95 | 87.07 | 44.56 | 4.02 | 2.02 | Consolidated |
| Sukhjit Starch & Chemicals Limited | 12.79 | 12.79 | 173.82 | 13.51 | 7.36 | 0.99 | Consolidated |
Quick Info
| Sector | Agro-Processing or Agriculture |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,047.79 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Aug 12, 2025 |
| IPO Close | Aug 14, 2025 |
| Allotment Date | Aug 18, 2025 |
| Credit to Demat | Aug 19, 2025 |
| Listing Date | Tentative: Aug 20, 2025 |
Lead Manager(s)
Pantomath Capital Advisors Pvt.Ltd.
Registrar
Description
Regaal Resources IPO is a book build issue of ₹306.00 crores. The issue is a combination of fresh issue of 2.06 crore shares aggregating to ₹209.99 crores and offer for sale of 0.94 crore shares aggregating to ₹96.00 crores.
Regaal Resources IPO bidding started from Aug 12, 2025 and ended on Aug 14, 2025. The allotment for Regaal Resources IPO was finalized on Aug 18, 2025. The shares got listed on BSE, NSE on Aug 20, 2025.
Regaal Resources IPO price band is set at ₹102.00 per share . The lot size for an application is 144. The minimum amount of investment required by an retail is ₹13,824 (144 shares). The lot size investment for sNII is 14 lots (2,016 shares), amounting to ₹2,05,632, and for bNII, it is 69 lots (9,936 shares), amounting to ₹10,13,472.