Regaal Resources Limited is a leading Indian manufacturer specializing in maize-based specialty products, with a strong footprint in both domestic and neighboring international markets. With a crushing capacity of 750 tonnes per day, the company operates a state-of-the-art manufacturing facility spread over 47.92 acres in Kishanganj, Bihar, boasting a zero liquid discharge system to ensure sustainable operations.
The company’s diverse product portfolio includes:
- Maize starch and modified starch – Natural plant-based starches used across multiple applications.
- Co-products – Such as gluten, germ, enriched fiber, and fiber used in animal feed and industrial processing.
- Food-grade starches – Including maize flour, icing sugar, custard powder, and baking powder for culinary uses.
Regaal Resources serves end product manufacturers, intermediate producers, and distributors/wholesalers across industries like food products, paper, animal feed, and adhesives. Its expansive warehousing capacity of 65,000 tonnes enables robust supply chain support.
The company exports to Nepal and Bangladesh, enhancing its regional presence. It has established long-standing relationships with notable clients such as Emami Paper Mills, Century Pulp & Paper, Krishna Tissues, and Maruti Papers, among others.
As of October 31, 2024, Regaal employed 453 professionals across operations, R&D, sales, and support functions—cementing its position as a growing player in the agro-processing and starch-based product segment.
Regaal Resources IPO – Details
| IPO Opening Date | 12 August 2025 |
| IPO Closing Date | 14 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 3,00,00,235 Shares Worth ₹306.00 Crore Fresh Issue: 2,05,88,235 Shares Worth ₹210.00 Crore Offer For Sale: 94,12,000 Shares Worth ₹96.00 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹96 – ₹102 per share |
| Market Lot | 144 Shares |
| Min Order | 144 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Private Limited (Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Regaal Resources IPO – Date Schedule
| IPO Open Date | 12 August 2025 |
| IPO Close Date | 14 August 2025 |
| Basis of Allotment | 18 August 2025 |
| Initiation of Refund | 19 August 2025 |
| Credit of Shares to Demat Account | 19 August 2025 |
| IPO Listing Date | 20 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2025 |
Regaal Resources IPO – Lots Size & Price
| 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 |
Competitive Strength
- Strategic advantage of the manufacturing facility near raw materials and consumption markets.
- Efficient procurement strategy aided by multifaceted raw material sourcing avenues.
- Diversified product portfolio serving various industries, well-positioned to leverage industry trends.
- Established and widespread sales and distribution network.
- Experienced promoters and management.
Company Promoters
- Anil Kishorepuria
- Shruti Kishorepuria
- Karan Kishorepuria
- BFL Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹488.67 Cr | ₹466.08 Cr | ₹16.76 Cr | ₹188.93 Cr |
| 31 March 2024 | ₹601.08 Cr | ₹571.95 Cr | ₹22.14 Cr | ₹357.21 Cr |
| 31 March 2025 | ₹917.58 Cr | ₹853.78 Cr | ₹47.67 Cr | ₹507.04 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.25% |
| ROCE | 14.17% |
| Debt/Equity | 2.08 |
| RoNW | 20.25% |
| PAT Margin | 5.19% |
| EBITDA Margin | 12.32% |
| Price to Book Value | 6.18 |
| Pre IPO | Post IPO | |
| EPS (₹) | 5.80 | 4.64 |
| P/E (x) | 17.58 | 21.98 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding for its working capital requirements. | ₹159.00 |
| General corporate purposes. |
Regaal Resources IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Gujarat Ambuja Exports Limited | 20.22 |
| 2 | 5 | Sukhjit Starch & Chemicals Limited | 13.51 |
| 3 | 2 | Sanstar Limited | 36.46 |
| 4 | 1 | Gulshan Polyols Limited | 44.56 |
✅Strengths
- Strategically located Bihar plant.
- Diversified maize-based product portfolio.
- Strong domestic and export client base.
- Zero liquid discharge facility.
- Large maize storage capacity (65,000 tonnes).
- Growing revenue and profit.
- Experienced promoters and management.
⚠️Risks
- Raw material (maize) price dependency.
- High competition in starch industry.
- Seasonal supply chain disruptions.
- Client concentration risk.
- Forex risks from exports.
- Strict environmental and regulatory norms.
- High working capital needs.
Regaal Resources IPO Promoter Holding
| Pre Issue Share Holding | 99.56% |
| Post Issue Share Holding | 70.44% |
Regaal Resources IPO Prospectus
Company Contact Information
| Regaal Resources Ltd. 6th Floor, D2/2 Block-EP & GP, Sector-V Kolkata, West Bengal, 700091 Phone: 033 3522 2405 Email: cs@regaal.in Website: https://regaalresources.com/ |
Regaal Resources IPO Registrar
| MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: regaalresources.ipo@in.mpms.mufg.com Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Regaal Resources IPO Lead Manager(s)
| 1. Sumedha Fiscal Services Limited 2. Pantomath Capital Advisors Private Limited |
Regaal Resources IPO FAQs
| What is Regaal Resources IPO? Regaal Resources IPO is a main-board IPO. The issue is priced at ₹96 to ₹102 per equity share. The IPO is to be listed on BSE & NSE. |
| When will Regaal Resources IPO open? The IPO is to open on 12 August 2025 for QIB, NII, and Retail Investors. |
| What is Regaal Resources IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Regaal Resources IPO? You can apply Regaal Resources IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Regaal Resources IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Regaal Resources IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Regaal Resources IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Regaal Resources IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Regaal Resources IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Regaal Resources IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Regaal Resources IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Regaal Resources IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Regaal Resources IPO Size? Regaal Resources IPO size is ₹306.00 Crore. |
| What is the Regaal Resources IPO Price Band? Regaal Resources IPO Price Band is ₹96 to ₹102. |
| What is Regaal Resources IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 144 Shares with ₹14,688 while the maximum bid is 1872 Shares with ₹1,90,944. |
| What is the Regaal Resources IPO Allotment Date? Regaal Resources IPO allotment date is 18 August 2025. |
| What is the Regaal Resources IPO Listing Date? Regaal Resources IPO listing date is 20 August 2025. The IPO is to be listed on BSE and NSE. |
