Allotment

The Regaal Resources Limited IPO was a book-built issue of ₹306.00 crore, comprising a fresh issue of 2.06 crore equity shares aggregating to ₹209.99 crore and an offer for sale of 0.94 crore equity shares amounting to ₹96.00 crore. The IPO opened for subscription on August 12, 2025, closed on August 14, 2025, with the basis of allotment finalized on August 18, 2025. The Company’s equity shares were subsequently listed on the BSE and NSE on August 20, 2025.
The IPO was offered at a price of ₹102 per equity share with a lot size of 144 shares. Retail investors were required to make a minimum investment of ₹13,824, while the minimum investment for small NIIs was 14 lots (2,016 shares) amounting to ₹2,05,632, and for big NIIs, 69 lots (9,936 shares) amounting to ₹10,13,472.
Pantomath Capital Advisors Pvt. Ltd. acted as the Book Running Lead Manager to the issue, and MUFG Intime India Pvt. Ltd. served as the Registrar. Investors are advised to refer to the Red Herring Prospectus (RHP) for detailed information regarding the IPO.
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| IPO Date | 20 Aug |
| IPO Listing Date | 20 Aug |
| IPO Face Value | ₹5 per share |
| IPO Price Range | ₹102.00 |
| IPO Issue Size | 2,99,99,520 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding |
| IPO Listing | BSE,NSE Platform |
| hare Holding Pre Issue | 8,21,35,940 |
| IPO Open Date | 12 Aug |
| IPO Close Date | 14 Aug |
| IPO Allotment (Tentative) | 18 Aug |
| Refunds | 19 Aug |
| Credit to Demat Account | 19 Aug |
| IPO Listing Date | 20 Aug |
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,49,99,760 Shares |
| NII (HNI) Shares Offered | 44,99,928 Shares |
| Retail Shares Offered | 1,04,99,832 Shares |
Investors can bid for a minimum of 144 shares, with additional bids in multiples of 144 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 144 | ₹14,688 |
| Retail (Max) | 13 | 1,872 | ₹1,90,944 |
| S-HNI (Min) | 14 | 2,016 | ₹2,05,632 |
| S-HNI (Max) | 68 | 9,792 | ₹9,98,784 |
| B-HNI (Min) | 69 | 9,936 | ₹10,13,472 |
Incorporated in 2012, Regal Resources Limited is an India-based manufacturer of maize-based specialty products with a crushing capacity of 750 tonnes per day.
The Company’s product portfolio includes:
Maize starch and modified starch, natural plant-based starches derived from maize;
Co-products, including gluten, germ, enriched fibre and fibre; and
Food-grade starch products, such as maize flour, icing sugar, custard powder and baking powder.
The Company operates a state-of-the-art manufacturing facility in Kishanganj, Bihar, spread across 54.03 acres and compliant with zero liquid discharge (ZLD) norms.
Regal Resources Limited exports its products to Nepal and Bangladesh and serves a diverse base of domestic and international customers across industries such as food processing, paper, animal feed and adhesives.
The Company’s business model caters to three primary customer segments:
End product manufacturers,
Intermediate product manufacturers, and
Distributors and wholesale traders.
Its key 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.
As of May 31, 2025, the Company employed 491 personnel across various departments.
Competitive Strengths
Strategic location of the manufacturing facility close to raw material sources and key consumption markets.
Efficient procurement supported by diversified and flexible raw material sourcing channels.
Diversified product portfolio catering to multiple end-use industries, positioning the Company to benefit from industry growth trends.
Established and extensive sales and distribution network.
Experienced promoters and a capable management team.
| 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 |
| ROE | 20.25% |
| ROCE | 14.17% |
| Debt/Equity | 2.08 |
| RoNW | 20.25% |
| PAT Margin | 5.19% |
| EBITDA Margin | 12.32% |
| Price to Book Value | 6.18 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 28.14 |
| 4 | Offer for Sale (OFS) | - |
Regaal Resources Ltd. Address
6th Floor, D2/2
Block-EP & GP,
Sector-V
Kolkata, West Bengal, 700091
033 3522 2405
cs@regaal.in
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
regaalresources.ipo@in.mpms.mufg.com