• Price Band of ₹96/– ₹102/- per Equity Share bearing face value of ₹5/- each (“Equity Shares”)
  • Bid/Offer Opening Date – Tuesday, August 12, 2025 and Bid/Offer Closing Date –Thursday, August 14, 2025.
  • Minimum Bid Lot is 144 Equity Shares and in multiples of 144 Equity Shares thereafter.

Mumbai : Regaal Resources Limited has fixed the price band of ₹96/- to ₹102/- per Equity Share of face value ₹5/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, August 12, 2025, for subscription and close on Thursday, August 14, 2025. Investors can bid for a minimum of 144 Equity Shares and in multiples of 144 Equity Shares thereafter.

The IPO is a mix of fresh issue of up to Rs 210 crore and an offer for sale up to 94,12,000 equity shares by promoters and promoter group selling shareholders.  

The Proceeds from the fresh issue to the extent of Rs 159 crore for repayment and / or pre-payment, in full or part, of certain borrowings availed by the Company.

Regaal Resources, headquartered in Kolkata is one of the largest manufacturers of maize based specialty products in India, in terms of crushing capacity, with a total installed crushing capacity of 750 tonnes per day (TPD), according to F&S report.

It manufactures native maize starch and modified starch – a plant-based natural starch that is produced from maize; co-products – includes gluten, germ, enriched fiber and fiber; and value- added products – food grade starches such as maize flour, icing sugar, custard powder and baking powder.

It caters to domestic and international customers across diverse industries including food products, paper, animal feed, and adhesives. Its business model is structured around catering to 3 broad segments of customers viz., Manufacturers of end products; Manufacturers of intermediate products; and Distributors / Wholesale traders.

It has a manufacturing plant with zero liquid discharge (ZLD) maize milling plant (Manufacturing Facility) located in Kishanganj, Bihar, with key export markets i.e. Nepal and Bangladesh.

The company’s prominent 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.

Regaal Resources’ revenue from operations increased by 52.52% from ₹600.02 crore in Fiscal 2024 to ₹915.16 crore in Fiscal 2025 primarily on account of an increase in sale of manufactured goods and traded goods a. Profit after tax for the year increased by 115.28% from ₹22.14 crore in Fiscal 2024 to ₹47.67 crore to Fiscal 2025.

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

The Offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional investors, and not less than 35% of the offer shall be available for allocation to retail individual investors.