Regaal Resources IPO
Regaal Resources Limited · Food Processing
- Issue price
- ₹102per share
- Issue size
- ₹306 Cr2,99,99,520 shares
- Face value
- ₹5per equity share
- Lot size
- 144 sharesMin. ₹14,688 at the upper price
- Anchor biddingMon, 2025
- OpensTue, 2025
- ClosesThu, 2025
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 2,05,87,520 shares (₹209.99 Cr)
- Offer for sale
- 94,12,000 shares (₹96 Cr)
- Total issue
- 2,99,99,520 shares (₹306 Cr)
- Face value
- ₹5
- Listing at
- NSE, BSE
- Promoter holding
- 99.57% → 70.44%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.8%
- Anchor37.5%
- NII18.8%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,04,99,832 | 43.75% | 35% |
| Non-institutional investors (NII) | 44,99,928 | 18.75% | 15% |
| Qualified institutional buyers (QIB) | 1,49,99,760 | 62.50% | 50% |
| Anchor investors | 89,99,856 | 37.50% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹102 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 144 | ₹14,688 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once it is added from a licensed data source.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹6.05
- EPS (diluted)
- ₹6.03
- P/E (FY 2024-25 at offer price (diluted))
- 16.92×
- RoNW
- 20.25%
- NAV per share (As on March 31, 2025)
- ₹28.66
- NAV per share (At offer price of Rs 102)
- ₹43.36
- ROCE
- 14.17%
- Debt to equity
- 2.08
- EBITDA margin
- 12.32%
- PAT margin
- 5.19%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 915.16 | 600.02 | 487.96 |
| Total income | 917.58 | 601.08 | 488.67 |
| EBITDA | 112.79 | 56.37 | 40.67 |
| Profit after tax | 47.67 | 22.14 | 16.76 |
| Net worth | 235.41 | 126.61 | 104.41 |
| Reserves and surplus | 202.44 | 125.12 | 102.92 |
| Total assets | 860.27 | 585.97 | 371.52 |
| Total borrowing | 507.05 | 357.21 | 188.93 |
FY 2024-25 vs FY 2023-24: revenue +52.5%, profit after tax +115.3%.
Source: ProspectusUpdated
About the company
The company runs a maize milling plant in Kishanganj, Bihar, producing native maize starch, modified starch, co-products and value-added food products. It sells to manufacturers and distributors across food, paper, animal feed and adhesive industries in India and abroad.
- Incorporated
- 2012
- Sector
- Food Processing
- CIN
- U15100WB2012PLC171600
- Website
- www.regaalresources.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Shruti Kishorepuria | Promoter | 37.06% | 27.48% | 22,12,000 |
| Anil Kishorepuria | Promoter | 34.43% | 24.51% | 30,95,440 |
| BFL Private Limited | Promoter | 17.87% | 11.82% | 25,32,300 |
| Karan Kishorepuria | Promoter | 1.17% | 0.93% | — |
| SRM Private Limited | Promoter group | 8.76% | 5.48% | 15,72,260 |
| Raj Kumar Kishorepuria HUF | Promoter group | 0.19% | 0.15% | — |
| Raj Kumar Kishorepuria | Promoter group | 0.09% | 0.07% | — |
| Rohan Kishorepuria | Public | 0.44% | 0.35% | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or pre-payment of certain borrowings | 159.00 |
| General corporate purposes | 28.14 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Regaal Resources LimitedIssuer | ₹6.05 | 16.92× | 20.25% | ₹28.66 |
| Sanstar Limited | ₹2.58 | 36.46× | 7.03% | ₹34.18 |
| Gujarat Ambuja Exports Limited | ₹5.44 | 20.22× | 8.30% | ₹65.46 |
| Gulshan Polyols Limited | ₹3.95 | 44.56× | 4.02% | ₹87.07 |
| Sukhjit Starch and Chemicals Limited | ₹12.79 | 13.51× | 7.36% | ₹173.82 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Large maize crushing capacity of 750 TPD at a plant near key maize growing areas in Bihar.
- Sells to a diversified customer base across food, paper, animal feed and adhesive industries.
- Revenue grew strongly between FY 2022-23 and FY 2024-25.
- Raw material is sourced from multiple channels including direct farmer procurement.
- Experienced promoters and a zero liquid discharge processing facility.
Risks
- A promoter faces a pending criminal chargesheet case that could affect the company's reputation if decided adversely.
- Top 10 maize vendors account for over 83% of maize purchases without long-term contracts.
- Promoter group disclosures for some related individuals and entities are based only on public domain information.
- Anil Kishorepuria and certain promoter group entities were earlier restrained from capital market activities by SEBI.
- Substantial borrowings and a high debt to equity ratio expose the company to financing and interest cost pressure.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹102) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Regaal Resources IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 12 August 2025 and closes on Thursday, 14 August 2025.
What is the Regaal Resources IPO price band?
The final issue price is ₹102 per share.
What is the lot size of the Regaal Resources IPO?
One lot is 144 shares, which is ₹14,688 at ₹102 per share.
Where will Regaal Resources shares list?
On NSE and BSE. The tentative listing date is Wednesday, 20 August 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How will the money raised be used?
₹159 Cr for repayment or pre-payment of certain borrowings, ₹28.14 Cr for general corporate purposes.