Regaal Resources IPO: Price band set at ₹96-102 per share; check GMP, issue details, more
The floor price is 19.20 times the face value of the equity shares and the cap price is 20.40 times the face value of the equity shares. The Regaal Resources IPO lot size is 144 equity shares and in multiples of 144 equity shares thereafter.
Regaal Resources IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, Regaal Resources IPO basis of allotment of shares will be finalised on Monday, August 18 and the company will initiate refunds on Tuesday, August 19 while the shares will be credited to the demat account of allottees on the same day following refund. Regaal Resources share price is likely to be listed on BSE and NSE on Wednesday, August 20.
The IPO consists of a fresh issue valued at ₹ 210 crore and an offer for sale (OFS) of up to 9.41 million shares by current shareholders and promoters. At the highest end of the price range, the OFS is estimated to be approximately ₹ 96 crore, making the total size of the issue around ₹ 306 crore. This would result in a market capitalization of about ₹ 1,050 crore once listed.
Funds from the new issuance will mainly be used for repaying debt. As of June 2025, the company's total sanctioned debt was ₹ 873.46 crore, with pending dues amounting to ₹ 561.15 crore, in contrast to the previous year.
Pantomath Capital Advisors and Sumedha Fiscal Services serve as the lead managers for the issue.
Regaal Resources IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 102 with no premium or discount in the grey market according to investorgain.com
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Regaal Resources stands as one of the top manufacturers of maize-based specialty products in India, boasting a crushing capacity of 750 tonnes daily. Their product range features both native and modified maize starch, as well as co-products like gluten, germ, enriched fiber, and general fiber; in addition, they offer value-added food-grade items such as maize flour, icing sugar, custard powder, and baking powder.
Based in Kolkata, the company runs a maize milling facility with zero liquid discharge (ZLD) spread across 54.03 acres in Kishanganj, Bihar.
As per red herring prospectus (RHP), the company's listed peers are Sanstar Ltd (with a P/E of 36.46), Gujarat Ambuja Exports Ltd (with a P/E of 20.22), Gulshan Polyols Ltd (with a P/E of 44.56), and Sukhjit Starch and Chemicals Ltd (with a P/E of 13.51).
In the financial year 2025, Regaal Resources reported a revenue of ₹ 915.16 crore, an increase from ₹ 600 crore in the prior year. The net profit for the year surged to ₹ 47.69 crore, compared to ₹ 22.14 crore in the previous fiscal year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
8 hours ago
- Hans India
Coromandel International Completes Acquisition of 53 % Controlling Stake in NACL Industries Ltd.
Coromandel International Limited (BSE: 506395, NSE: COROMANDEL) India's leading agri solutions provider and part of the Murugappa Group, today announced the successful closure of the Share Purchase Agreement (SPA) for the acquisition of promoter shareholding in NACL Industries Ltd. (NACLIND). With this transaction, Coromandel has formally acquired a controlling stake of 53% in NACL. The ongoing Open Offer to acquire up to 26% additional stake from public shareholders under the SEBI Takeover Regulations remains in process and shall follow the prescribed regulatory timelines. Following the 53% stake acquisition, Mr. Natarajan Srinivasan, Mr. S Sankarasubramanian and Dr. Raghuram Devarakonda have joined the Board of NACL Industries today. In addition, the Board of NACL Industries Ltd., at its meeting held today, approved the appointment of Dr. Raghuram Devarakonda as Managing Director & CEO. He previously served as Executive Director, Crop Protection, Bio Products and Retail businesses at Coromandel and brings with him extensive leadership experience and deep domain expertise across the value chain. Commenting on the development, Arun Alagappan, Executive Chairman of Coromandel International, said: 'We are pleased to welcome NACL Industries Ltd. into the Coromandel and the larger Murugappa family. This acquisition aligns with our long-term strategic roadmap to enhance our presence in the agri solutions space. With the new leadership team in place, we are confident that NACL will accelerate its journey of innovation and growth.'
Business Standard
9 hours ago
- Business Standard
Nibe bags $1.2 million defence order from Elbit Systems for Naval Launcher Kits
Nibe has announced that it has received a purchase order from Elbit Systems Land, a leading global Israel-based defence technology company, valued at approximately $1,200,000 (around Rs 10.52 crore). The order entails the manufacturing and supply of a ship-mounted universal rocket launcher mechanical kit and hydraulic kit. According to an exchange filing, the project is scheduled for completion by September 2026. This naval rocket and missile launcher system is designed to address battlespace challenges that require effective maritime fire support and enhanced modern naval capabilities. The order marks a significant endorsement of Nibes engineering excellence, indigenous manufacturing capability, and its growing role in strengthening Indias position within the global defence manufacturing ecosystem. The collaboration with Elbit Systems reflects mutual trust, technological synergy, and a shared commitment to advancing maritime defence capabilities. The Ship-Mounted Universal Rocket Launching System represents a breakthrough in modern maritime combat a long-range, autonomous sea-to-shore weapon designed to redefine the limits of naval power. Engineered for cost-effectiveness, ease of operation, and minimal maintenance, the system offers unmatched reliability and performance during critical missions. Its ability to extend impact zones beyond traditional naval limitations empowers naval forces with superior strike range and tactical flexibility. Nibe also clarified that neither the promoters, promoter group, nor any group companies have any interest in the entity that awarded the order. NIBE is a leading Indian defense technology company, specializing in the development, manufacturing, and integration of advanced defense systems. The company's consolidated net profit declined 30% to Rs 7.64 crore on a 25.8% drop in total income to Rs 113.64 crore in Q4 FY25 over Q4 FY24. The counter fell 9.89% to end at Rs 1,438 on the BSE.
Business Standard
10 hours ago
- Business Standard
Cupid Q1 PAT climbs 82% YoY to Rs 15 cr
Cupid reported 81.71% surge in consolidated net profit to Rs 15.01 crore in Q1 FY26 as against Rs 8.26 crore posted in Q1 FY25. Revenue from operations jumped 52.82% YoY to Rs 59.80 crore in the quarter ended 30 June 2025. Profit before tax (PBT) stood at Rs 19.55 crore in Q1 FY26, up 85.13% from Rs 10.56 crore reported in the same period year ago. EBITDA for Q1 FY26 soared 147.39% to Rs 16.47 crore, compared to Rs 6.66 crore in Q1 FY25. The EBITDA margin for Q1 FY26 stood at 27.55%, compared to 17.02% in the same quarter year ago. Aditya Kumar Halwasiya, chairman and MD, said, We are pleased to commence FY26 on a strong note, delivering healthy growth in both revenue and profitability. This strong performance reaffirms our belief that FY26 will be Cupid Limited's strongest year yet in its history. It reflects the power of our focused strategy, operational discipline, and the unwavering dedication of the entire Cupid team. With a strong order book in hand, we are well-positioned to achieve our targeted turnover. Favourable tailwinds from the ₹-USD exchange rate are expected to further support our momentum, particularly as exports are projected to be a major portion of our business this FY. Encouragingly, our B2C segment is also gaining traction, especially during the festive season, and we are confident of surpassing ₹100 Cr in this Segment alone. Our B2C FMCG business continues to grow at an impressive pace as we expand our footprint across India, reinforcing brand visibility and earning deeper consumer trust. The strong response from customers further validates our belief in the long-term growth potential of this segment. Simultaneously, we remain deeply committed to our core B2B export business, which is witnessing renewed traction. Through sustained engagement with international stakeholders, we are receiving sizable orders from both institutional and non-institutional buyers. With multiple product certifications and registrations underway across key markets, we are confident of unlocking significant new opportunities globally. Looking ahead, our dual-pronged strategy of scaling a fast-growing domestic FMCG presence while strengthening our established global B2B export business, positions us well to sustain this growth trajectory. Our mission remains steadfast: to deliver high-quality products, expand market leadership, and generate long-term value for our shareholders. CUPID is an India's premier manufacturer and brand of male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly and other FMCG Products. The company operates with a strong commitment to public health and well-being, maintaining ethical business practices aligned with international standards. The counter shed 0.09% to end at Rs 167.80 on the BSE.
