Regaal Resources Limited (RRL) is a leading Indian agro-processing company specializing in the manufacturing of premium quality maize starch, specialty starches, food grade starches, and starch derivative products. Established with a focus on innovation and quality, Regaal Resources has grown to become a trusted name in the agro-industrial sector.

The company is launching a Book Built Issue IPO amounting to ₹306.00 Crores. This includes a fresh issue of 2.05 Crore shares worth ₹210.00 Crores and an offer for sale of 0.94 Crore shares totaling ₹96.00 Crores. The IPO subscription opens on August 12, 2025, and closes on August 14, 2025. The allotment is expected to be finalized on or about August 18, 2025, and the shares will be listed on both the BSE and NSE with a tentative listing date set for August 20, 2025.

The IPO price band is fixed between ₹96 and ₹102 per equity share. The market capitalization of the company at the upper price band of ₹102 per share will be approximately ₹1,047.79 Crores. The lot size for retail investors is 144 shares, requiring a minimum investment of ₹14,699. High-Net-Worth Individuals (HNIs) must apply for at least 14 lots (2,016 shares), amounting to ₹2,05,632.

The IPO is managed by Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services Limited as book running lead managers, while MUFG Intime India Private Limited acts as the registrar.

Currently, the Grey Market Premium (GMP) for the Regaal Resources IPO stands at ₹14, indicating a potential listing gain of approximately 13.73%. However, GMP figures are unofficial and depend on unregulated demand-supply forces, so investors should treat this with caution.

The company is led by promoters Mr. Anil Kishorepuria and Mr. Karan Kishorepuria, who collectively have nearly three decades of experience in manufacturing, retail, real estate, and trading industries. Managing Director Mr. Anil Kishorepuria has over 25 years of experience and played a key role in setting up Bihar’s first and only maize milling unit.

Financially, Regaal Resources shows strong and steady growth. Revenues for fiscal years ending March 31 in 2025, 2024, and 2023 were ₹9,175.76 Million, ₹6,010.77 Million, and ₹4,886.74 Million, respectively. EBITDA closely tracks revenue growth with ₹9,051.83 Million in 2025, ₹6,002.42 Million in 2024, and ₹4,848.78 Million in 2023. Profit after tax increased steadily from ₹167.58 Million in 2023 to ₹476.68 Million in 2025.

Key financial metrics show a pre-issue EPS of ₹6.05 and a post-issue EPS of ₹4.64 for FY24. The pre-issue Price-to-Earnings (P/E) ratio is 16.85x, and the post-issue P/E ratio is 21.98x, compared to the industry P/E of 29x. The company’s Return on Capital Employed (ROCE) is 14.17%, Return on Equity (ROE) is 20.25%, and Return on Net Worth (RoNW) is 2.25%, reflecting a fairly priced IPO with good growth potential.

The net proceeds from the IPO will primarily be utilized for repayment or prepayment of existing borrowings amounting to ₹1,590.00 Million and for general corporate purposes, strengthening the company’s financial position.

Given the steady financial performance and positive GMP, the IPO may appeal to investors with moderate risk tolerance seeking exposure to India’s growing agro-processing sector. However, investors should perform due diligence and consider market conditions before applying.

The Upcoming IPOs in this week and coming weeks are Studio LSD, Shreeji Shipping Global, Patel Retail.

The Current active IPO are Regaal Resources, Mahendra Realtors and Infrastructure, Bluestone Jewellery and Lifestyle, Icodex Publishing Solutions, Star Imaging and Path Lab, Medistep Healthcare, ANB Metal Cast.

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