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Regaal Resources IPO

Regaal Resources came to market through an IPO that opened on 12 August 2025 and closed on 14 August 2025, and the shares listed on 20 August 2025 on BSE, NSE. The price band was ₹96 to ₹102 per share and one lot was 144 shares, so the minimum application was ₹14,688. The issue size was ₹306 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.

MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Pantomath Capital Advisors Pvt Ltd, Sumedha Fiscal Services Limited were the lead managers.

Issue details

Issue type
Book Built Issue
Price band
₹96 to ₹102
Lot size
144 shares
Minimum investment
₹14,688
Face value
₹5 per share
Issue size
₹306 crore
Fresh issue
2,05,88,235 shares (aggregating up to ₹210 crore)
Offer for sale
94,12,000 shares (aggregating up to ₹96 crore)
Listing at
BSE, NSE
Registrar
MUFG Intime India Private Limited (Link Intime)
Lead managers
Pantomath Capital Advisors Pvt Ltd, Sumedha Fiscal Services Limited
Promoter holding before the issue
99.56%

Timeline

Opens
12 August 2025
Closes
14 August 2025
Allotment
18 August 2025
Listing
20 August 2025

Subscription status by day

As of 14 August 2025.

Day
1
2
3

Listing day and after

Issue price
₹102
Listed on
20 August 2025

About Regaal Resources

Incorporated in 2012, Regal Resources Limited is a manufacturer of maize specialty products in India with crushing capacity of 750 tonnes per day. The following products are manufactured by the company: Maize starch and modified starch – natural plant-based starch from maize. Co-products – include gluten, germ, enriched fiber and fibre; and Food grade starches: maize flour, icing sugar, custard powder, baking powder.

The unit manufacturing facility is situated in Kishanganj, Bihar covering 47.92 acres with zero liquid discharge.The company supplies its products to Nepal and Bangladesh.The company supplies to domestic as well as international customers in various industries such as food products, paper, animal feed, and adhesives. The model of the company serves three customer segments: End product manufacturers, Intermediate product manufacturers and Distributors/wholesale traders.

The clients of the company are 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.

The company further has four warehouses with an installed capacity of 65,000 tonnes of maize.As of October 31, 2024, the company has a total of 453 employees in different departments.

As described in the offer document.

Objects of the issue

  • Repayment and/ or pre-payment, in full or in part, of our certain outstanding borrowings availed by the Company
  • General Corporate Purposes

Strengths

  • Strategically located manufacturing facility near raw materials and key markets.
  • High-utilization, sustainability-focused manufacturing operations.
  • Diverse product portfolio aligned with industry growth trends.
  • Strong track record of financial growth and performance.

Risks

  • Significant reliance on the top 10 customers, with potential impact from their reduced purchases or loss.
  • Over 83% of maize is sourced from the top 10 vendors, without long-term contracts, increasing supply risk.

Financials (₹ crore)

Metric31-Mar-2531-Mar-2431-Mar-23

Regaal Resources raises ₹92 cr from anchor investors prior to IPO. Participating in the anchor round were institutional investors such as Taurus Mutual Fund, VPK Global Ventures Fund, Meru Investment Fund PCC-Cell 1, Benami Capital, Sunrise Investment Opportunities Fund, Authum Investment and Infrastructure Fund and Holani Venture Capital Fund.

Promoters

Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria, BFL Private Limited.. Promoter holding 99.56% before the issue.

Application sizes

Retail (min)
1 lot, 144 shares, ₹14,688
Retail(max)
13 lots, 1872 shares, ₹1,90,944
sHNI(min)
14 lots, 2016 shares, ₹2,05,632
sHNI(max)
68 lots, 9792 shares, ₹9,98,784
bHNI(min)
69 lots, 9936 shares, ₹10,13,472

Valuation

EPS Pre IPO
₹5.80
EPS Post IPO
₹4.64
P/E Pre IPO
17.58
P/E Post IPO
21.98
ROE
20.25%
ROCE
14.17%
RoNW
20.25%
PAT Margin
5.19%
Debt/Equity
2.08
Price/Book
6.18

Registrar and allotment status

Registrar
MUFG Intime India Private Limited (Link Intime)
Allotment status
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Phone
+91-22-4918 6270
Email
regaalresources.ipo@linkintime.co.in

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Regaal Resources IPO

What is Regaal Resources IPO?

Regaal Resources IPO was a ₹306 crore book-built issue, comprising a fresh issue of ₹210 crore and an offer for sale of ₹96 crore. It was priced at ₹96–₹102 per share with a lot size of 144 shares (₹14,688). The IPO was open from August 12 to August 14, 2025 and was subscribed 159.88x. Shares listed on BSE and NSE on August 20, 2025 at ₹141, a 38.2% premium to the issue price of ₹102.

MUFG Intime India Private Limited (Link Intime) is the registrar. Pantomath Capital Advisors Pvt Ltd and Sumedha Fiscal Services Limited are the book running lead managers.

What is the price band of Regaal Resources IPO?

The price band of Regaal Resources IPO is ₹96 to ₹102 per share.

What is the lot size of Regaal Resources IPO?

The lot size of Regaal Resources IPO is 144 shares.

What is the minimum investment for Regaal Resources IPO?

The minimum investment for Regaal Resources IPO is approximately ₹14,688 based on the upper price band.

What is the allotment date of Regaal Resources IPO?

The allotment date of Regaal Resources IPO is Aug 18, 2025.

What was the GMP of Regaal Resources IPO before listing?

Regaal Resources IPO's final recorded GMP before listing was ₹25 per share (a 25% premium over the ₹102 upper price band). The shares listed at ₹141. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has Regaal Resources IPO share price performed since listing?

Regaal Resources IPO listed on Aug 20, 2025. It was issued at ₹141.0(NSE) and is currently around ₹88.00 as on 2-Nov-2026 3:30 PM, which is approximately -13.7% versus issue price. The 52-week high is ₹103.00.

How to check Regaal Resources IPO allotment status?

You can check Regaal Resources IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Regaal Resources IPO allotment status on Rupix for quick and easy access.

What was the price band of the Regaal Resources IPO?

₹96 to ₹102 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Regaal Resources IPO?

One lot was 144 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,688.

What was the minimum investment in the Regaal Resources IPO?

₹14,688, for one lot of 144 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Regaal Resources IPO open and close?

It opened on 12 August 2025 and closed on 14 August 2025.

When was the allotment of the Regaal Resources IPO?

The basis of allotment was published on 18 August 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.

When did Regaal Resources list on BSE, NSE?

The shares listed on 20 August 2025 on BSE, NSE.

How large was the Regaal Resources IPO?

The issue size was ₹306 crore. The fresh issue was 2,05,88,235 shares (aggregating up to ₹210 crore). The offer for sale was 94,12,000 shares (aggregating up to ₹96 crore).