Regaal Resources IPO
Regaal Resources IPO — date, price band, lot size & details 2025
Regaal Resources listed on 20 Aug 2025 at ₹141, 38.2% above the ₹102 issue price.
Regaal Resources makes maize starch, co-products and food grade starches at Kishanganj in Bihar. Its plant has crushing capacity of 750 tonnes per day.
Stock price
Regaal Resources is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 12 Aug 2025
- Close 14 Aug 2025
- Allotment 18 Aug 2025
- Refund/credit 19 Aug 2025
- Listing 20 Aug 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 14 Aug, 2025 |
|---|---|
| Price Band | ₹96 – ₹102 |
| Face Value | ₹5 |
| Lot Size | 144 Shares |
| Issue Size | ₹306 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,688 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 144 shares at the ₹102 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 144 | ₹14,688 |
| Retail (max) | 13 | 1,872 | ₹1,90,944 |
| S-HNI (min) | 14 | 2,016 | ₹2,05,632 |
| S-HNI (max) | 68 | 9,792 | ₹9,98,784 |
| B-HNI (min) | 69 | 9,936 | ₹10,13,472 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 488.67 crore in FY2023 to Rs 917.58 crore in FY2025.
- 02Profit after tax rose from Rs 16.76 crore in FY2023 to Rs 47.67 crore in FY2025.
- 03Return on equity was 20.25% and the EBITDA margin was 12.32%.
- 04Rs 159.00 crore of the fresh issue was for repaying debt.
- 05The P/E was 21.98 at the upper band of Rs 102, based on post-issue EPS of Rs 4.64.
Risks · 7
- 01Total borrowing of Rs 507.05 crore on 31 March 2025 was more than twice net worth of Rs 235.41 crore.
- 02Debt to equity was 2.08 on the figures at the source.
- 03Borrowing rose from Rs 188.93 crore on 31 March 2023 to Rs 507.05 crore on 31 March 2025.
- 04All production comes from 1 plant at Kishanganj in Bihar.
- 05The PAT margin was 5.19%, and maize prices can squeeze margins.
- 06Rs 96.00 crore of the issue was offer for sale and did not reach the company.
- 07Promoters held 99.56% before the issue and held 70.45% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Regaal Resources offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 860.27 | 585.97 | 371.52 |
| Total Income | 917.58 | 601.08 | 488.67 |
| Profit After Tax | 47.67 | 22.14 | 16.76 |
| EBITDA | 112.79 | 56.37 | 40.67 |
| NET Worth | 235.41 | 126.61 | 104.41 |
| Reserves and Surplus | 202.44 | 125.12 | 102.92 |
| Total Borrowing | 507.05 | 357.21 | 188.93 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Regaal Resources RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Regaal Resources IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹5.80 | ₹4.64 |
| P/E Ratio (x) | 17.58 | 21.98 |
| Market Cap at Offer Price (₹ Cr) | ₹838.33 | ₹1,047.92 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹102 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹220.44 Cr of the issue is earmarked to named objects.
Regaal Resources IPO Anchor Investors
11 anchor investors across 10 fund houses committed ₹91.79 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Taurus Flexi Cap Fund | Taurus Mutual Fund | 931,392 | 9.50 | 10.35% |
| Taurus Mid Cap Fund | Taurus Mutual Fund | 539,280 | 5.50 | 5.99% |
| Vpk Global Ventures Fund - Scheme 1 | Vpk Global Ventures | 1,470,672 | 15.00 | 16.34% |
| Meru Investment Fund Pcc-Cell 1 | Meru Investment | 1,253,952 | 12.79 | 13.93% |
| Benani Capital Scheme 1 | Benani Capital | 980,496 | 10.00 | 10.89% |
| Sunrise Investment Opportunities Fund | Sunrise | 980,496 | 10.00 | 10.89% |
| Authum Investment & Infrastructure Ltd. | Authum Investment | 686,304 | 7.00 | 7.63% |
| Ccv Emerging Opportunities Fund-I | Ccv Emerging Opportunities | 686,304 | 7.00 | 7.63% |
| Holani Venture Capital Fund-I | Holani Venture | 490,320 | 5.00 | 5.45% |
| Universal Sompo General Insurance Company Limited | Universal Sompo General | 490,320 | 5.00 | 5.45% |
| Zeta Global Funds (Oeic) Pcc Ltd. | Zeta Global Funds (Oeic) Pcc Ltd. | 490,320 | 5.00 | 5.45% |
| Total anchor allocation | 91.79 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The plant is at Kishanganj in Bihar on 54.03 acres and runs with zero liquid discharge. Its crushing capacity is 750 tonnes per day.
Customers are in food products, paper, animal feed and adhesives, and fall into 3 groups: manufacturers of end products, manufacturers of intermediate products and distributors. The company exports to Nepal and Bangladesh.
The IPO was Rs 306 crore, with Rs 209.99 crore of fresh issue and Rs 96.00 crore of offer for sale. Rs 159.00 crore was planned for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Regaal Resources IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Pantomath Capital Advisors Pvt Ltd
12 issues handledBest listing: Highway Infrastructure (+64.3%). Weakest: Glottis (-34.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Regaal Resources?
The current Grey Market Premium is ₹25, or 25% over the issue price.
What is the Regaal Resources IPO price band?
₹96 to ₹102, on a face value of ₹5.
When is the allotment?
The basis of allotment is 18 August 2025, with listing on 20 August 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
