Regaal Resources IPO: Company sets price band for Rs 306 crore issue at Rs 96-102 per share

Regaal Resources Limited has fixed the price band for its upcoming initial public offering (IPO) at Rs 96 - Rs 102 per equity share. The Rs 306 crore book-building IPO is set to go live on August 12. Retail investors can bid for a minimum of 144 equity shares and in multiples thereafter, till the closure of the bidding window on August 14.

About Regaal Resources IPO

Regaal Resources IPO is a mix of a fresh issue of up to Rs 210 crore and an offer for sale (OFS) of up to 94,12,000 equity shares by promoters and promoter group selling shareholders.

The offer is being made through the book-building process, where up to 50% of the offer will be available for allocation to qualified institutional buyers (QIBs), up to 15% for allocation to non-institutional investors (NIIs) and up to 35% of the offer to the retail individual investors (RIIs).

Regaal Resources IPO proceeds

The proceeds from the fresh issue to the extent of Rs 159 crore will be utilised for repayment or pre-payment of the company’s borrowings.

About Regaal Resources

The Kolkata-headquartered Regaal Resources is one of the largest manufacturers of maize-based speciality products in India, in terms of crushing capacity, with a total installed crushing capacity of 750 tonnes per day (TPD), according to the F&S report.

It manufactures native maize starch and modified starch, a plant-based natural starch that is produced from maize. The co-products include gluten, germ, enriched fibre and fibre and value-added products include food grade starches such as maize flour, icing sugar, custard powder and baking powder.

It caters to domestic and international customers across diverse industries, including food products, paper, animal feed, and adhesives.

Regaal Resources’ business model is structured around catering to 3 broad segments of customers, viz. manufacturers of end products, manufacturers of intermediate products and distributors/wholesale traders.

It has a manufacturing plant with zero liquid discharge (ZLD) maize milling plant (Manufacturing Facility) located in Kishanganj, Bihar, with key export markets, i.e. Nepal and Bangladesh.

The company’s prominent customers 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.

Regaal Resources financials

Regaal Resources’ revenue from operations increased by 52.52% from Rs 600.02 crore in fiscal 2024 to Rs 915.16 crore in fiscal 2025 primarily on account of an increase in sale of manufactured goods and traded goods a. Profit after tax (PAT) for the year surged by 115.28% from Rs 22.14 crore in fiscal 2024 to Rs 47.67 crore to fiscal 2025.

Also read: TPG-backed SK Finance set to launch Rs 1,600 crore IPO next week: Report

Regaal Resources IPO lead managers

Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.

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