Regaal Resources sets price band of Rs 96-102 a share for IPO

The IPO comprises a fresh issue worth Rs 210 crore and an offer for sale (OFS) of up to 9.41 million shares by existing shareholders and promoters

Regaal Resources Ltd has set a price band of Rs 96-102 per equity share for its upcoming initial public offering (IPO), which opens for subscription on August 12 and closes on August 14.

The anchor investor bidding will commence on August 11. The basis of allotment is scheduled for August 18, with refunds and credit of shares on August 19, followed by the stock’s listing on stock exchanges on August 20.

The IPO comprises a fresh issue worth Rs 210 crore and an offer for sale (OFS) of up to 9.41 million shares by existing shareholders and promoters. At the upper end of the price band, the OFS is estimated at around Rs 96 crore, taking the total issue size to around Rs 306 crore. This would value the company at a market capitalisation of around Rs 1,050 crore post-listing.

Proceeds from the fresh issue will primarily be utilised for debt repayment. As of June 2025, the company’s total sanctioned debt stood at Rs 873.46 crore, with outstanding dues of Rs 561.15 crore, compared to the previous year.

Pantomath Capital Advisors and Sumedha Fiscal Services are acting as the lead managers to the issue.

Regaal Resources is one of India’s leading manufacturers of maize-based specialty products in terms of crushing capacity, with an installed capacity of 750 tonnes per day. Its product portfolio includes native and modified maize starch; co-products such as gluten, germ, enriched fiber, and fiber; and value-added food-grade products like maize flour, icing sugar, custard powder, and baking powder.

Headquartered in Kolkata, the company operates a zero liquid discharge (ZLD) maize milling plant spread over 54.03 acres in Kishanganj, Bihar.

In the financial year 2025, Regaal Resources reported a revenue of Rs 915.16 crore, up from Rs 600 crore in the previous year. Net profit for the year rose to Rs 47.69 crore from Rs 22.14 crore in the prior fiscal.