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Business Standard
7 days 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.
Economic Times
06-08-2025
- Business
- Economic Times
Arihant Capital Market's PMS arm, Electrum, launches Laureate AIF
Arihant Capital's Electrum Portfolio Managers has launched Laureate, a Sebi-registered Category III AIF, targeting long-term growth via small and midcap stocks. Built on the PMS flagship strategy, it aims to offer high-conviction, research-driven investment ideas to HNIs, family offices, and institutions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Arihant Capital Markets has announced the launch of AIF–Laureate, a Sebi-registered Category III Alternative Investment Fund (AIF) under its portfolio management arm, Electrum Portfolio Managers Electrum Portfolio Managers, one of India's fastest-growing investment management firms with an AUM of Rs 790 crore as of June 30, 2025, proudly announces the launch of AIF–Laureate, a Sebi-registered Category III Alternative Investment Fund, the company said in a Read | MF Tracker: HDFC Flexi Cap Fund turns Rs 10,000 SIP to nearly Rs 21.50 crore in 31 years This new offering brings the proven investment philosophy of Electrum's flagship Laureate PMS strategy to a broader audience through a more flexible AIF format, the fun house added. The fund focuses on high-growth opportunities in small and mid-cap listed companies, providing investors with a long-term wealth creation avenue through a research-driven a proven track record under its flagship Laureate PMS strategy, AIF–Laureate brings the same investment philosophy to a broader investor base, leveraging a benchmark-agnostic and sector-agnostic approach, the company the proprietary ELECT investment framework, the fund identifies emerging businesses with strong management pedigree, scalable growth potential, clean balance sheets, and sustainable cash flows, the release said."At Arihant Capital, our vision has always been to empower investors by delivering innovative and transparent investment solutions. AIF–Laureate reflects our commitment to identifying high-quality, scalable businesses that can create sustainable value over time," said Arpit Jain, Joint MD, Arihant Capital Markets."The launch of AIF–Laureate marks a significant milestone for Arihant Capital and Electrum. We believe India's small and ultra-small cap space is brimming with undiscovered opportunities. Through this AIF, we are providing sophisticated investors access to high-conviction ideas backed by deep research and disciplined risk management," said Arpit Agarwal, Co-Founder & CIO, Electrum Portfolio Read | Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe The fund is structured for long-term capital appreciation, with a recommended holding period of 3 to 5 years. Investors, including High Net Individuals (HNIs), Family Offices, and Institutional clients, can participate, with a minimum investment threshold of Rs 1 crore, in line with Sebi by Electrum's experienced investment team, the fund will focus on small and midcap companies with robust fundamentals and unique growth drivers.
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Business Standard
28-07-2025
- Business
- Business Standard
Shanti Gold IPO Day 2 update: Subscription surpasses 3x, GMP at 19%
Shanti Gold International IPO subscription status: The initial public offering (IPO) of Shanti Gold International, which opened for public subscription on Friday, July 25, has received a favourable response from investors. The NSE data suggests that the ₹360 crore offering of Shanti Gold International received bids for 3,92,51,625 shares, against 1,26,67,200 shares on offer, resulting in a subscription of 3.10 times as of 1:06 PM on Monday, July 28. Among the investor categories, retail investors led the demand by oversubscribing the category reserved for them by 4.57 times. This was followed by non-institutional investors (NIIs), who bid for 3.77 times, and qualified institutional buyers (QIBs), for 0.02 times. Shanti Gold International IPO details The public offering is a book-built issue, which comprises an entirely fresh issue of 18.1 million equity shares worth ₹360.11 crore. Shanti Gold International IPO is available at a price band of ₹189-199 per share, and a lot size of 75 shares. Thus, investors can bid for a minimum of 75 shares of Shanti Gold International IPO and in multiples thereof. To bid for one lot or 75 shares of Shanti Gold International IPO, a retail investor would require a minimum of ₹14,925, taking the upper end of the IPO price into consideration. A retail investor can bid for a maximum of 13 lots or 975 shares, amounting to ₹1,94,025. Shanti Gold International IPO grey market premium (GMP) The unlisted shares of Shanti Gold International were commanding a decent premium in the grey market on the second day of its subscription window. Sources tracking unofficial market activities revealed that Shanti Gold International shares were seen trading at around ₹237 per share, reflecting a grey market premium (GMP) of ₹38 or 19.10 per cent over the upper end of the issue price. Shanti Gold International IPO review The company has received favourable reviews from the brokerages for its public offering. Analysts at Arihant Capital have recommended the investors to subscribe to the Shanti Gold International IPO, while those at Anand Rathi Research Team have recommended subscribing to the issue for a long-term perspective. READ MORE Shanti Gold International IPO allotment date, listing date The three-day subscription window to bid for the public offering is set to conclude on Tuesday, July 29, 2025. Following the closure of the subscription window, the basis of allotment of Shanti Gold International IPO shares is likely to get finalised on Wednesday, July 30, 2025, with shares getting credited into demat accounts by Thursday, July 31, 2025. Shares of Shanti Gold International are set to make their D-Street debut on Friday, August 1, 2025, by listing on the BSE and NSE. Shanti Gold International IPO objective The company intends to utilise the proceeds from the public issue towards funding capital expenditure requirements for setting up the proposed Jaipur facility, as well as funding the working capital requirements of the company. The company will further use the IPO proceeds for repayment and/or pre-payment, in full or part, of certain borrowings availed, as well as for general corporate purposes. Shanti Gold International IPO registrar, lead managers For the public offering, Bigshare Services serves as the registrar, while Choice Capital Advisors is the sole book-running lead manager. About Shanti Gold International Incorporated in 2003, Shanti Gold International manufactures high-quality 22kt CZ casting gold jewelry with a focus on design and production. The company has an in-house manufacturing setup and uses advanced machines and CAD technology to create intricate pieces. With a 13,448.86 sq ft manufacturing facility in Mumbai, Shanti Gold produces a wide range of jewelry, including bangles, rings, and necklaces. The company has established relationships with several jewelry businesses and operates in 15 states and one union territory.
Business Standard
16-07-2025
- Business
- Business Standard
Chief Minister of Madhya Pradesh Mohan Yadav Meets Arihant Capital's Shruti Jain in Dubai to Explore Global Investments
VMPL New Delhi [India], July 16: Arihant Capital, represented by its Chief Strategy Officer Shruti Jain, was among 15 prominent Indian business leaders invited to a special roundtable in Dubai with THE Honorable Chief Minister of Madhya Pradesh, Dr Mohan Yadav. The meeting, held during the Chief Minister's visit to Dubai to attract investors from the UAE and the Middle East, focused on exploring opportunities to channel global capital into Madhya Pradesh's industrial, infrastructure and tourism sectors. In the meeting, Ms Shruti highlighted Arihant Capital's expertise as one of India's leading financial services companies and discussed how the firm could work alongside the Madhya Pradesh government to organise tailored global roadshows. These initiatives would connect the state to foreign institutional investors, family offices, and ultra-high-net-worth individuals, channelling strategic capital into Madhya Pradesh's industrial, IT, infrastructure and tourism-linked projects. Commenting on the discussions, Shruti Jain, Chief Strategy Officer, Arihant Capital, said, "It was an excellent platform to showcase how Madhya Pradesh can become a magnet for global capital. At Arihant, we're excited to leverage our strong relationships with investors across the UAE to help facilitate investments that can accelerate the state's economic ambitions." This collaboration-focused strategy aligns with Madhya Pradesh's broader effort to position itself as a global investment destination and drive long-term, sustainable growth. Continue trading and achieve your financial goals -
Hindustan Times
10-07-2025
- Business
- Hindustan Times
Trump tariffs may be lower for India than other Asia-Pacific countries: Report
India could emerge as a major beneficiary of the United States' latest tariff policy as Washington may impose lower tariffs on India compared to several other countries in the Asia-Pacific region, according to a report by Arihant Capital. US President Donald Trump and PM Narendra Modi(Bloomberg) The report highlighted that India is in a favourable position to attract more foreign investment and strengthen its manufacturing capabilities as global trade flows begin to shift. The report stated, "US may impose lower tariffs on India compared to many other APAC countries, positioning India to attract more investment." While countries like Cambodia and Vietnam faced higher tariffs, India could benefit from trade and investment redirection, supported by ongoing bilateral agreements. The report also pointed out that recent trade developments, such as the signing of the UK-India Free Trade Agreement in May and the ongoing negotiations with the European Union, are expected to boost India's position as a global manufacturing hub. However, the report cautioned that the US government's push to reshore key manufacturing sectors may limit the overall benefits for India. On Wednesday, US President Donald Trump announced a new list of tariffs targeting 14 countries. Products from Algeria, Libya, Iraq, and Sri Lanka will face a 30 per cent tariff, while Brunei and Moldova will see a 25 per cent tariff. Goods from the Philippines will attract a 20 per cent tariff. Brazil has been hit the hardest, with a steep 50 per cent punitive tariff, especially on copper. President Trump recently extended the tariff implementation deadline to August 1. In the meantime, he has sent formal letters to the governments of the affected countries, informing them of the specific tariff rates that will apply. On July 8, Trump shared letters sent to Japan's Prime Minister Shigeru Ishiba and South Korea's President Lee Jae-myung, stating that both countries would face a 25 per cent tariff from August 1. He later confirmed that similar letters had been sent to Malaysia and Kazakhstan, which will also face 25 per cent tariffs. According to the letters, Myanmar and Laos will face a 40 per cent tariff, while Indonesia will be subject to a 32 per cent tariff. Imports from Thailand and Cambodia will be taxed at 36 per cent, and from Bangladesh and Serbia at 35 per cent. South Africa and Bosnia and Herzegovina will see 30 per cent tariffs, and Tunisia will face a 25 per cent rate. The report noted that India's relatively better treatment under the new US tariff regime could serve as a significant opportunity for the country to attract companies to set up units in India.
