Regaal Resources Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹96 - ₹102
- Lot size
- 144 shares
- Issue amount
- ₹306 cr
- Total subscription
- 159.87×
- Opens
- 12 Aug 2025
- Closes
- 14 Aug 2025
- Allotment
- 18 Aug 2025
- Listing
- 20 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 3,00,00,235 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹13,824
- Fresh issue
- ₹210 cr
- Offer for sale
- ₹96 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,688
- Issue type
- Bookbuilding IPO
- Shares before issue
- 8,21,35,940
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 144 | ₹14,688 |
| sHNI | 14 | 2,016 | ₹2,05,632 |
| bHNI | 69 | 9,936 | ₹10,13,472 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 1,488 | 1,13,136 |
| HNIs (2-10L) | 744 | 2,07,216 |
| RETAIL | 72,917 | 32,18,339 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 61.2 | 11,687.06 |
| RETAIL | 107.1 | 6,184.68 |
| HNIs 2+ | 15.3 | 4,509.46 |
| HNIs 10+ | 30.6 | 11,864.03 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.05 | 2.89 | 2.2 |
| ROE | 20.25 | 17.49 | 16.05 |
| ROCE | 14.17 | 10.07 | 10.99 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 17.58 | 0 | 0 |
| POST IPO(PE) | 21.98 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Regal Resources Limited, established in 2012, is an Indian manufacturer of maize-based specialty products with a daily crushing capacity of 750 tonnes. Its product range includes maize starch, modified starch, co-products like gluten and germ, and food-grade starches such as maize flour, custard powder, and baking powder. The company operates a 47.92-acre facility in Kishanganj, Bihar, designed for zero liquid discharge. It serves both domestic and international markets, including exports to Nepal and Bangladesh, catering to industries like food, paper, animal feed, and adhesives. Its customer base includes end-product and intermediate manufacturers as well as wholesale traders, with clients such as Emami Paper Mills, Century Pulp & Paper, and Krishna Tissues. The company also maintains four warehouses with a total maize storage capacity of 65,000 tonnes and employs 453 people as of October 31, 2024.
Strengths
- Smart Location for Easy Access: The factory is set up in Kishanganj, Bihar—a key maize area—close to West Bengal and Assam, which helps in getting raw materials and reaching markets easily.
- Efficient and Eco-Friendly Factory: The company runs a modern, well-kept plant using wet milling, which ensures smooth operations and full use of capacity.
- Wide Range of Products with Fast Growth: As one of India’s leading maize processors, the company offers many maize-based products and has seen strong revenue growth of 36.95% CAGR from FY23 to FY25.
Risk factors
- Legal Issue Involving a Promoter: One of the promoters, Anil Kishorepuria, is facing a legal case under criminal and corruption laws. If the case ends badly, it could hurt the company’s image and business.
- Heavy Dependence on Few Suppliers: Over 83% of maize is bought from just 10 vendors, and there are no long-term deals. If any of them stop supplying or raise prices, it could impact the company’s supply and income.
- Past Market Ban on Promoter: Anil Kishorepuria and some of his group members were earlier banned from taking part in capital market activities, which may raise doubts about their governance and compliance record.
Promoters
Anil Kishorepuria
Shruti Kishorepuria
Karan Kishorepuria
BFL Private Limited
Registrar & documents
Lead manager
Pantomath Capital Advisors Private Limited, Sumedha Fiscal Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
6th Floor, D2/2 Block-EP & GP, Sector-V Kolkata, West Bengal, 700091
033 3522 2405
[email protected]Company website ↗Understanding REGAAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.