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Business Standard
2 hours ago
- Business
- Business Standard
Regaal Resources IPO opens: Analysts suggest long-term buy; here's why
Regaal Resources IPO: The initial public offering (IPO) of maize speciality products manufacturer, Regaal Resources, opened for public subscription today, August 12, 2025. At the upper end of the price band of ₹96 to ₹102, the company aims to raise ₹306 crore. The mainline offering comprises a fresh issue of 20.6 million equity shares and an offer for sale (OFS) of 9.4 million equity shares. Anil Kishorepuria, Shruti Kishorepuria, BFL Private Limited and SRM Private Limited are the promoter selling shareholders. On Monday, August 11, the company raised ₹92 crore from the anchor investors. Taurus Mutual Fund, VPK Global Ventures Fund, Meru Investment Fund PCC-Cell 1, Benami Capital, Sunrise Investment Opportunities Fund, Authum Investment and Infrastructure Fund and Holani Venture Capital Fund were the institutions that participated in the anchor, according to an exchange filing. Regaal Resources has allotted 8.9 million equity shares to various funds at ₹102 per share. Regaal Resources IPO grey market premium (GMP) The unlisted shares of Regaal Resources were trading at ₹125 in the grey market, up ₹23 or 22.5 per cent from the upper end price, according to sources tracking unofficial market activities. Anand Rathi Research - Subscribe for long-term According to analysts at Anand Rathi, Regaal Resources is well-positioned to capitalise on its strategic location in Kishanganj, a key maize belt accounting for 11.58 per cent of national output and its proximity to major mandis and cross-border markets. "With capacity utilisation at 99.74 per cent and an ongoing scale-up from 750 to 1,650 tonnes per day (TPD), the company demonstrates strong demand visibility and robust execution capabilities," the brokerage said in a note. The company's 54-acre integrated facility, in-house power plant, and ESG-compliant systems strengthen its ability to operate smoothly and sustainably. Its wide range of products – including both native and modified starches - serves fast-growing industries such as food, pharmaceuticals, and personal care. With a growing presence across India, strong customer relationships, and an effective sourcing strategy, the company continues to build a solid competitive advantage. However, analysts believe that the company has a capital-intensive nature of operations, exposure to Agri cycles, and limited pricing power in a commoditised market. "On the valuation front, based on annualised FY25 earnings, the company is seeking a P/E of 21.9 times, and a post-issue market capitalisation of approximately ₹1,047.7 crore, making the issue appear fully priced," the brokerage said. Arihant Capital - Subscribe for long term According to Arihant Capital, Regaal Resources benefits from a strategic location, with its manufacturing facility situated close to both raw material sources and key consumption markets. This advantage is further supported by an efficient procurement strategy and access to diverse raw material sourcing channels. With a broad product portfolio catering to various industries, Regaal is well-positioned to capitalise on favourable industry trends. "At the upper band of ₹102, the issue is valued at a P/E of 22x based on the FY25 EPS of ₹4.64. We recommend a 'Subscribe for long term' rating for this issue," the brokerage said. Here are the key details of Regaal Resources IPO: Regaal Resources IPO is available at a price band of ₹96 to ₹102 per share, with a lot size of 144 shares. Accordingly, investors can bid for a minimum of one lot or 144 shares of Regaal Resources and in multiples thereof. The minimum amount required by a retail investor to bid for the IPO is ₹14,688 at the upper end price. A retail investor can bid for a maximum of 13 lots or 1,872 shares, amounting to ₹1,90,944. The three-day subscription window to bid for the issue will conclude on Thursday, August 14, 2025. Following the closure of the subscription window, the basis of allotment of shares is likely to take place on Monday, August 18, 2025. Shares of Regaal Resources are scheduled to make their D-street debut on Wednesday, August 20, by listing on the BSE and NSE. MUFG Intime India is the registrar of the issue. Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers. According to the red herring prospectus (RHP), the company plans to utilise the net fresh issue proceeds for the repayment or prepayment of certain debt and general corporate purposes.
Mint
13 hours ago
- Business
- Mint
Regaal Resources IPO: Kolkata-based agribusiness firm raises ₹91.7 crore from anchor investors ahead of public issue
Regaal Resources IPO: Kolkata-based agro-processing firm, Regaal Resources, completed its anchor investor round on Monday, 11 August 2025. The company raised more than ₹ 91.7 crore from anchor investors ahead of its initial public offering (IPO). Regaal Resources allocated a total of 89,99,856 or more than 89 lakh equity shares with a face value of ₹ 5 apiece to its anchor investors at an allocation price of ₹ 102 per share, the company informed BSE through the filing. Out of the total anchor allocation, 14,70,672 or over 14 lakh shares were allocated to one mutual fund through two schemes. Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure Limited, Universal Sompo General Insurance Company Limited, Zeta Global Funds (OEIC) PCC Limited and certain domestic AIFs were among the anchor investors investing their funds into the public issue. Taurus Mutual Fund, 16.34%, VPK Global Ventures Fund, 16.34%, and Meru Investment Fund, 13.93%, were the top allocations among the anchor investors a day before the IPO opens for the public bidding round. As of Monday, 11 August 2025, the grey market premium (GMP) of Regaal Resources IPO stands at ₹ 15 per share. With the upper price band of the public issue at ₹ 102, the stocks of the company are expected to be listed at ₹ 117, with a premium of 14.71%, according to Investogain data. Grey market premium (GMP) is the investors' willingness to invest their money into a primary issue. The GMP of Regaal Resources IPO dropped to its current level of ₹ 15 per share, from its earlier level of ₹ 22 per share on Sunday, 10 August 2025. Regaal Resources is offering a book built issue comprising a combination of fresh issues of 2.06 crore equity shares, amounting to ₹ 210 crore, and an offer for sale (OFS) component of 94 lakh equity shares worth ₹ 96 crore. The company fixed the price band for the public issue in the range of ₹ 96 to ₹ 102 per share, with a lot size of 144 shares per lot. Regaal Resources IPO is scheduled to open for subscription on Tuesday, 12 August 2025, and will close on Thursday, 14 August 2025. Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria, and BFL Private Limited are the promoter-selling stakeholders in the public issue. Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services Limited are the public issue's book-running lead managers, while MUFG Intime India Private Limited (Link Intime) is the registrar to the offer. Mint reported earlier that the company plans to use the proceeds raised from the fresh issue to pay off some outstanding loans secured by the business to the extent of ₹ 159 crore, and the remaining funds will be used for general corporate purposes.
Mint
15 hours ago
- Business
- Mint
Regaal Resources IPO: Kolkata-based agribusiness firm raises ₹91.7 crore from anchor investors ahead of public issue
Regaal Resources IPO: Kolkata-based agro-processing firm, Regaal Resources, completed its anchor investor round on Monday, 11 August 2025. The company raised more than ₹ 91.7 crore from anchor investors ahead of its initial public offering (IPO). Regaal Resources allocated a total of 89,99,856 or more than 89 lakh equity shares with a face value of ₹ 5 apiece to its anchor investors at an allocation price of ₹ 102 per share, the company informed BSE through the filing. Out of the total anchor allocation, 14,70,672 or over 14 lakh shares were allocated to one mutual fund through two schemes. Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure Limited, Universal Sompo General Insurance Company Limited, Zeta Global Funds (OEIC) PCC Limited and certain domestic AIFs were among the anchor investors investing their funds into the public issue. Taurus Mutual Fund, 16.34%, VPK Global Ventures Fund, 16.34%, and Meru Investment Fund, 13.93%, were the top allocations among the anchor investors a day before the IPO opens for the public bidding round. As of Monday, 11 August 2025, the grey market premium (GMP) of Regaal Resources IPO stands at ₹ 15 per share. With the upper price band of the public issue at ₹ 102, the stocks of the company are expected to be listed at ₹ 117, with a premium of 14.71%, according to Investogain data. Grey market premium (GMP) is the investors' willingness to invest their money into a primary issue. The GMP of Regaal Resources IPO dropped to its current level of ₹ 15 per share, from its earlier level of ₹ 22 per share on Sunday, 10 August 2025. Regaal Resources is offering a book built issue comprising a combination of fresh issues of 2.06 crore equity shares, amounting to ₹ 210 crore, and an offer for sale (OFS) component of 94 lakh equity shares worth ₹ 96 crore. The company fixed the price band for the public issue in the range of ₹ 96 to ₹ 102 per share, with a lot size of 144 shares per lot. Regaal Resources IPO is scheduled to open for subscription on Tuesday, 12 August 2025, and will close on Thursday, 14 August 2025. Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria, and BFL Private Limited are the promoter-selling stakeholders in the public issue. Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services Limited are the public issue's book-running lead managers, while MUFG Intime India Private Limited (Link Intime) is the registrar to the offer. Mint reported earlier that the company plans to use the proceeds raised from the fresh issue to pay off some outstanding loans secured by the business to the extent of ₹ 159 crore, and the remaining funds will be used for general corporate purposes. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
20 hours ago
- Business
- Business Standard
Regaal Resources to double capacity with ₹430 cr capital, IPO opens Aug 12
Regaal Resources Ltd, one of India's largest maize-based specialty product manufacturers, is doubling production capacity at its Bihar plant with an investment of Rs 430 crore, a top company official said. To support the expansion and debt repayment, the Kolkata-headquartered company will launch its Rs 210-crore initial public offering (IPO) on August 12, which will close on August 14. The Kishanganj-based facility, which has a current capacity of 825 tonnes per day (TPD), will be expanded to 1,650 TPD. It is expected to be operational in the March quarter of the current fiscal. "About Rs 314 crore of the investment will be capitalised in the fourth quarter of the 2025-26 fiscal and another Rs 116 crore in the first quarter of FY'27. The expansion is being funded through a mix of debt and internal accruals," Chairman and Managing Director Anil Kishorepuria told reporters. The project qualifies for Bihar government's State Investment Promotion subsidy, structured as two separate phases to secure up to Rs 40 crore in interest subsidies. As of March 2025, the company's total debt stood at around Rs 570 crore. However, post expansion, the projected debt is likely to stay similar, and repayment expected to accelerate from April 2026 onwards as increased capacity boosts turnover and profitability, Kishorepuria said. Regaal Resources also plans to expand its product basket from the current 10-11 to include four new derivatives and a full range of modified starches. It is working to deepen the white-label manufacturing business for Pune-based confectionery maker Wakefield, and intends to expand sales to South India and export markets with value-added products. The IPO comprises a fresh issue of up to Rs 210 crore and an offer for sale of 94.12 lakh equity shares by the promoters and promoter group. The price band has been fixed at Rs 96-102 per share of face value Rs 5 each. Post-issue, the promoters' stake will reduce to about 71 per cent from 100 per cent. Investors can bid for a minimum of 144 shares and in multiples thereafter. Of the fresh issue proceeds, Rs 159 crore will go towards repayment or pre-payment of certain borrowings, the company said. Regaal Resources operates a zero liquid discharge maize milling facility catering to customers in food products, paper, animal feed and adhesives across India, and in export markets such as Nepal and Bangladesh. The company reported a 52.5-per cent jump in revenue to Rs 915.16 crore in FY'25 from Rs 600.02 crore in FY'24, while profit after tax more than doubled to Rs 47.67 crore from Rs 22.14 crore. However, it has reported negative cash flow in the past two fiscals, which the management attributed to large raw material procurement in the initial months of the year to meet annual requirements, tying up working capital. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
21 hours ago
- Business
- News18
Regaal Resources to double capacity with Rs 430 cr investment; IPO opens Aug 12
Kolkata, Aug 11 (PTI) Regaal Resources Ltd, one of India's largest maize-based specialty product manufacturers, is doubling production capacity at its Bihar plant with an investment of Rs 430 crore, a top company official said. To support the expansion and debt repayment, the Kolkata-headquartered company will launch its Rs 210-crore initial public offering (IPO) on August 12, which will close on August 14. The Kishanganj-based facility, which has a current capacity of 825 tonnes per day (TPD), will be expanded to 1,650 TPD. It is expected to be operational in the March quarter of the current fiscal. 'About Rs 314 crore of the investment will be capitalised in the fourth quarter of the 2025-26 fiscal and another Rs 116 crore in the first quarter of FY'27. The expansion is being funded through a mix of debt and internal accruals," Chairman and Managing Director Anil Kishorepuria told reporters. The project qualifies for Bihar government's State Investment Promotion subsidy, structured as two separate phases to secure up to Rs 40 crore in interest subsidies. As of March 2025, the company's total debt stood at around Rs 570 crore. However, post expansion, the projected debt is likely to stay similar, and repayment expected to accelerate from April 2026 onwards as increased capacity boosts turnover and profitability, Kishorepuria said. The IPO comprises a fresh issue of up to Rs 210 crore and an offer for sale of 94.12 lakh equity shares by the promoters and promoter group. The price band has been fixed at Rs 96-102 per share of face value Rs 5 each. Post-issue, the promoters' stake will reduce to about 71 per cent from 100 per cent. Investors can bid for a minimum of 144 shares and in multiples thereafter. Of the fresh issue proceeds, Rs 159 crore will go towards repayment or pre-payment of certain borrowings, the company said. Regaal Resources operates a zero liquid discharge maize milling facility catering to customers in food products, paper, animal feed and adhesives across India, and in export markets such as Nepal and Bangladesh. The company reported a 52.5-per cent jump in revenue to Rs 915.16 crore in FY'25 from Rs 600.02 crore in FY'24, while profit after tax more than doubled to Rs 47.67 crore from Rs 22.14 crore. However, it has reported negative cash flow in the past two fiscals, which the management attributed to large raw material procurement in the initial months of the year to meet annual requirements, tying up working capital. PTI BSM RBT view comments First Published: August 11, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
