Regaal Resources shares list at 39% premium over IPO price

Shares of Regaal Resources made a strong debut on Wednesday, listing at a 39% premium on the exchanges. The stock opened at Rs 141.80 on BSE and Rs 141 on NSE, compared with the issue price of Rs 102, reflecting a 38.2% gain.

The Rs 306 crore IPO, comprising a fresh issue of Rs 210 crore and an offer for sale worth Rs 96 crore, received an overwhelming response with an overall subscription of over 150 times.

The issue had opened for bidding between August 12–14 and attracted strong demand across categories, with QIBs subscribing 190.96 times, NIIs a massive 356.72 times, and the retail category 57.75 times. The company also raised Rs 91.8 crore from anchor investors ahead of the IPO.


Regaal Resources, incorporated in 2012, manufactures maize starch, modified starch, and co-products like gluten, germ, and fiber.

Its 54-acre zero-liquid-discharge plant in Kishanganj, Bihar, caters to industries such as food, paper, animal feed, and adhesives, with exports to Nepal and Bangladesh.

Financially, the company has delivered strong growth, with revenue rising 53% year-on-year to Rs 917.6 crore in FY25, while profit after tax more than doubled to Rs 47.7 crore.