The Initial Public Offering of Regaal Resources Limited was subscribed 5.94 times on the first day of bidding.

The issue received bids of 12,47,21,568 shares against the offered 2,09,99,664 equity shares, at a price band of ₹96-102, according to the data available on the stock exchanges.

Non-Institutional Investors Portion and Retail Portion were subscribed 10.77 times and 5.58 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 2.94 times. The issue kicked off for subscription on Tuesday, August 12, 2025, and will close on Thursday, August 14, 2025. 

A day before the opening of the issue, Regaal Resources Ltd raised Rs 91.80 crores from anchor investors. Some of the marquee Institutions that participated in the anchor includes Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure Limited, Universal Sompo General Insurance Company Limited, Zeta Global Funds (OEIC) PCC Limited.

Leading brokerage firms like Reliance Securities, CanMoney Securities, Ventura Securities, SMIFS, Swastika Investmart, Marwadi Shares, BP Wealth, BNK Securities, Lakshmishree Investment have given a “Subscribe” rating to the issue highlighting the company’s strong competitive position driven by strategic location advantage, cost-efficient operations, and government incentives that enable sustainable margins and scalability. It is engaged in manufacturing maize-based specialty products such as native maize starch, modified starch (including white dextrin and yellow dextrin), value-added products (like maize flour, icing sugar, custard powder, and baking powder), and co-products (such as gluten, germ, and enriched fiber), with a margin improvement with debt reduction, capacity expansion, diversification into higher-margin segments like modified starch and derivatives, entry into white labelling, and strategic market penetration across domestic and export markets, including new geographies.

Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.