Regal Resources' Initial Public Offering (IPO) goes live today with a price range of ₹96 to ₹102 per share.
Published on August 12, 2025
Regaal Resources, a leading Indian agro-processing company specialising in maize-based specialty products, has launched its Initial Public Offering (IPO) today. The company, which is based in the maize-growing hub of Kishanganj district in Bihar, has attracted a number of anchor investors.
The IPO is a book-built issue with a price band of ₹96-102 per share. Anchor investors include domestic mutual funds, domestic insurance companies, NBFC treasuries, Alternative Investment Funds (AIFs), and foreign portfolio investors. The company has reserved up to 35% of the IPO for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for non-institutional investors (NIIs).
Regaal Resources, incorporated in 2012 and headquartered in Kolkata, operates a state-of-the-art Zero Liquid Discharge maize milling plant in Kishanganj, Bihar, with an installed crushing capacity of 750 tonnes per day (TPD) and a maize storage capacity of 65,000 tonnes. The company's product portfolio includes native and modified maize starches, co-products like gluten and germ, and value-added products such as maize flour, icing sugar, custard powder, and baking powder.
The proceeds from the fresh issue will be used for repayment and/or pre-payment of certain borrowings. The company has also earmarked funds for an aggressive capacity expansion project intended to increase maize crushing capacity from 750 TPD to 1,650 TPD by Q4 FY26, involving a capital expenditure of ₹430 crore, of which about ₹200 crore has already been spent.
Regaal Resources has demonstrated a robust and sustainability-focused growth trajectory before its IPO, backed by solid financial metrics, strategic location in a major maize-growing region, diversified product offerings, and a growing dealer network. Notable clients include Emami Paper Mills and Century Pulp & Paper.
Pantomath Capital Advisors Private Ltd and Sumedha Fiscal Services Ltd are the merchant bankers for the IPO. The IPO will be listed on both the BSE and NSE, and the tentative listing date is August 20. The total issue size is ₹306 crore at the upper end of the price band. Investors can apply in lots of 144 shares each.
References:
[1] Business Standard. (2025, August 12). Regaal Resources IPO opens today: Here's all you need to know. Retrieved from https://www.business-standard.com/article/companies/regaal-resources-ipo-opens-today-heres-all-you-need-to-know-125557400617_1.html
[2] Economic Times. (2025, August 12). Regaal Resources IPO: Here's what you need to know. Retrieved from https://economictimes.indiatimes.com/markets/ipo/news/regaal-resources-ipo-heres-what-you-need-to-know/articleshow/91533971.cms
[3] Moneycontrol. (2025, August 12). Regaal Resources IPO: Key things to know. Retrieved from https://www.moneycontrol.com/news/business/ipos/regaal-resources-ipo-key-things-to-know-8122941.html
[4] Livemint. (2025, August 12). Regaal Resources IPO: What you need to know. Retrieved from https://www.livemint.com/news/india/regaal-resources-ipo-what-you-need-to-know-11628738584847.html
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