Regaal Resources Share Price Band Announced Ahead of IPO

Market Performance

Regaal Resources Ltd is stepping into the capital market with its Initial Public Offering (IPO), setting the share price band at ₹96-102 per equity share.

• The IPO opens for subscription on August 12 and will close on August 14.
• Anchor investor bidding will commence on August 11.
• The basis of allotment is expected by August 18, with refunds and share credit scheduled for August 19.
• Listing date is set for August 20 on stock exchanges.

Main News

The IPO consists of:

• A fresh issue aggregating up to ₹210 crore
• An Offer for Sale (OFS) of 9.41 million shares by existing shareholders and promoters

At the upper end of the price band (₹102):

• The OFS is valued around ₹96 crore
• The total IPO size is ₹306 crore
• The post-listing market capitalization is estimated to be ₹1,050 crore

Company Details

Regaal Resources is one of India’s leading maize-based specialty product manufacturers by crushing capacity.

Operational Highlights:

• Installed crushing capacity: 750 tonnes per day
• Products:
  • Native and modified maize starch
  • Co-products: gluten, germ, enriched fiber
  • Value-added food-grade items: maize flour, icing sugar, custard powder, baking powder
• The company runs a zero liquid discharge (ZLD) maize milling plant
• The facility is located in Kishanganj, Bihar, spread across 54.03 acres
• Headquartered in Kolkata

Financial Data

Revenue

• FY25 Revenue: ₹915.16 crore
• FY24 Revenue: ₹600 crore
• YoY Growth: Approximately 52.5%

Net Profits

• FY25 Net Profit: ₹47.69 crore
• FY24 Net Profit: ₹22.14 crore
• YoY Growth: More than 115%

Debt Position

• Sanctioned Debt (June 2025): ₹873.46 crore
• Outstanding Dues: ₹561.15 crore
• The proceeds from the fresh issue are primarily allocated for repaying existing debt.

Issue Management

• Lead Managers:
  • Pantomath Capital Advisors
  • Sumedha Fiscal Services

Summary

Regaal Resources share price band has been fixed at ₹96-102 for its upcoming IPO opening on August 12. With a total issue size of ₹306 crore, including a fresh issue and OFS, the company aims to reduce its debt load. Operating in the maize-based product sector, Regaal Resources has showcased strong revenue and profit growth in FY25. The company’s advanced manufacturing facility and diversified product portfolio position it well within the starch and food processing industry.