Regaal Resources Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹102
Per ShareLot Size
144 Shares
Minimum Investment
₹14,688
Issue Size
₹306 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Regaal Resources Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.56%
Promoter Holding (Post-Issue)
70.44%
Issue Type
Book Building
ISIN
INE0MHO01029
About the Company
Our Company is headquartered in Kolkata and our manufacturing plant with zero liquid discharge (ZLD) maize milling plant (Manufacturing Facility) spread across 54.03 acres is located in Kishanganj, Bihar. We cater to domestic and international customers across diverse industries including food products, paper, animal feed, and adhesives. Our 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. We have over the years augmented our operations and undertaken multiple capacity expansions.
Industry Overview
According to F&S Report, maize is the largest crop in the Feed grain segment in India. Around 80-83% of Maize in India is cultivated in Kharif season and remaining 17-20% is grown in Rabi. Maize starch Co- Products market in India was around 1.31 million tons in 2024 which is valued up to USD 570 Million. The global Native Maize Starch market is projected to register a growth of CAGR 3.65 % during 2024-2029. The Global Native Maize Starch market was valued at USD 30,818 Million in 2024 and is expected to reach USD 36,874 Million by 2029.
Company History
Our Company was originally incorporated as `Regal Resources Private Limited', at Kolkata as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC on January 02, 2012. Subsequently, pursuant to a special resolution passed by the Shareholders of our Company on October 10, 2015, the name of our Company was changed to `Regaal Resources Private Limited' and a fresh certificate of incorporation dated October 26, 2015 was issued to our Company by the RoC. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders of our Company on November 10, 2021 and the name of our Company was changed to `Regaal Resources Limited' and a fresh certificate of incorporation dated March 30, 2022 was issued to our Company by RoC.
Products & Services
- The Company 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).
Growth Strategy
- Increasing our manufacturing capacity by undertaking brownfield expansion.
- Deleveraging our balance sheet by paring debt.
- Commence manufacturing derivative products and further broad-basing our product range of modified starches.
- Increasing domestic reach and international footprint.
- Developing our white labelling business.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 29,999,520 equity shares of face value of Rs. 5/- each (Equity Shares) of Regaal Resources Limited (Company) for cash at a price of Rs. 102/- per equity share (including a Share Premium of Rs. 97/- per Equity Share) (Offer Price) aggregating Rs. 306.00 crores (Offer) comprising a fresh issue of 20,587,520 equity shares aggregating Rs. 209.99 crores by the company (Fresh Issue) and an offer for sale of 9,412,000 equity shares aggregating Rs. 96.00 crores by the selling shareholders (Offer for Sale) comprising 3,095,440 equity shares of face value of Rs. 5/- each aggregating Rs. 31.57 crores by Anil Kishorepuria, 2,212,000 equity shares of face value of Rs. 5/- each aggregating Rs. 22.56 crores , by Shruti Kishorepuria, 2,532,300 equity shares of face value of Rs. 5/- each aggregating Rs. 25.83 crores by BFL Private Limited (each, a Promoter Selling Shareholder) and 1,572,260 equity shares of face value of Rs. 5/- each aggregating Rs. 16.04 crores by SRM Private Limited, (Promoter Group Selling Shareholder, and together the Promoter Selling Shareholders, and such Equity Shares, the Offered Shares). The offer shall constitute 29.20 % of the post offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 5/- each and the offer price is 20.40 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strategic locational advantage of our Manufacturing Facility close to raw material and end consumption markets.
- Efficient procurement strategy aided by multifaceted raw material sourcing avenues.
- Sustainability driven Manufacturing Facility with high levels of utilization.
- Diversified portfolio of products catering to wide range of industries and well positioned to take advantage of growing industry trends.
- Established and widespread sales and distribution network.
- We cater to diverse set of customers, however, our top 10 customers contribute a majority of our sales, and the loss of such customers or a substantial reduction in purchases by such customers will have a material adverse impact on our business, results of operations and financial condition.
- Purchase of maize from our top 10 vendors constitute more than 83% of our total purchase of maize, in each of the financial periods disclosed, and we typically do not enter into long-term contracts or arrangements with such vendors. Any loss of such vendors/suppliers or any increase in the price could have adverse impact on our business and our revenue.
- The primary raw material required for the manufacturing our products i.e., maize, is seasonal in nature. While our Manufacturing Facility is located in the maize-growing belt, any delays, interruptions or reduction in the supply of raw material to manufacture our products and any abrupt fluctuations in the prices of our raw material may adversely affect the pricing of our products and may have an impact on our business, results of operation, financial condition and cash flows.
- We have incurred indebtedness which exposes us to various risks which may have an adverse effect on our business, results of operations and financial conditions. Conditions and restrictions imposed on us by the agreements governing our indebtedness could adversely affect our ability to operate our business.
- There is a concentration of sales in certain geographies and the inability to maintain and grow our business in such geographies may have an adverse effect on our business, financial condition, result of operation, cash flows and future business prospects.