Latest news with #RegaalResources'
Economic Times
4 days ago
- Business
- Economic Times
Regaal Resources IPO: GMP up at 27%, subscribed 26.93x on Day 3,. Should you bid? Check key details
Regaal Resources' Rs 306 crore initial public offering (IPO) has seen strong investor interest, with subscriptions reaching 26.93 times as of Day 3 of the bidding period. In the grey market, the IPO is commanding a 27% premium over its issue price of Rs 102 per share, signaling continued bullish sentiment. ADVERTISEMENT The IPO is a book-built issue comprising a fresh equity issue of Rs 210 crore, aimed at funding business expansion, along with an offer for sale (OFS) of Rs 96 crore by the promoter group to partially divest their holdings. In the grey market — an unofficial platform where shares trade before their official listing — Regaal Resources' IPO is commanding a premium of Rs 27–28, implying a gain of approximately 26.5% over the upper price band of Rs 102. This suggests strong investor interest and positive market sentiment ahead of the stock's debut on the exchanges. The Regaal Resources IPO has been subscribed 26.93 times overall, according to stock exchange data as of Day 3 of the subscription period, at 10:05 Individual Investors (RIIs) have subscribed 22.63 times the 1.04 crore shares allocated to them, indicating comparatively moderate retail participation. ADVERTISEMENT In contrast, Non-Institutional Investors (NIIs) have bid for 68.41 times their quota of 44.99 lakh shares. Meanwhile, Qualified Institutional Buyers (QIBs) have subscribed 3.36 times the 59.99 lakh shares reserved for them. Unlock 500+ Stock Recos on App ADVERTISEMENT Regaal Resources has announced a price band of Rs 96 to Rs 102 per share for its upcoming IPO, with a minimum application size of 144 shares. At the upper price point, the company's estimated market capitalization would be approximately Rs 9,985 crore. The IPO is scheduled to be listed on both the NSE and BSE on August 20, Resources is one of India's fastest-growing producers of maize-based specialty products and currently holds the position of the second-largest player in eastern India. The company has a daily maize milling capacity of 750 tonnes. ADVERTISEMENT Its manufacturing facility is located in Kishanganj, Bihar, spread across 54 acres, and operates with a zero liquid discharge (ZLD) system. With a storage capacity of 70,000 metric tonnes, the plant is strategically located near Gulabbagh — a major maize trading hub — allowing for direct procurement from farmers. This proximity helps the company lower raw material costs by 6–7%.Regaal's product lineup includes native and modified maize starches, maize gluten, enriched fibre, and a variety of value-added food products such as maize flour, icing sugar, custard powder, and baking powder. ADVERTISEMENT The company caters to several industries, including food processing, animal feed, and paper — with the paper segment currently contributing the largest share of FY25, Regaal generated 92.8% of its revenue from domestic sales, with the remainder coming from exports to Bangladesh, Malaysia, and Nepal. Between FY23 and FY25, the company reported a robust revenue CAGR of 37%. Net profit increased from Rs 16.8 crore to Rs 47.7 crore, while EBITDA margins improved from 8.3% to 12.3%.The IPO proceeds will primarily be used to repay or prepay Rs 159 crore of outstanding debt. Remaining funds will be allocated to general corporate purposes. Following the IPO, promoter shareholding is expected to decrease from 99.56% to 70.44%.Brokerages have shown optimism about the Regaal Resources IPO. Arihant Capital has issued a 'Subscribe for long-term' rating, highlighting the company's strategic location in a major maize-producing region, its efficient multi-source procurement system, and a well-diversified product mix catering to multiple industries. Reliance Securities has also recommended subscribing to the IPO, citing Regaal's strong market position, cost efficiencies supported by government incentives, and its planned capacity expansion to 1,650 tonnes per day (TPD). The brokerage also noted the company's entry into high-margin segments like starch derivatives and white-label products as a key growth driver. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
4 days ago
- Business
- Mint
Regaal Resources IPO day 3 Live: GMP jumps! Subscription status, review, allotment date, other details. Apply or not?
Regaal Resources IPO day 3 Live: The Initial Public Offering (IPO) of Regaal Resources Limited hit the Indian primary market on 12 August 2025 and will remain open until 14 August 2025. This means investors have just one day to apply for the public issue. The company has declared the Regaal Resources IPO price band at ₹ 96 to ₹ 102 per equity share. The company aims to raise ₹ 306 crore, out of which ₹ 210 crore is aimed through the issuance of fresh shares. The remaining ₹ 96 crore is reserved for the offer for sale (OFS) route. Meanwhile, company shares are at a substantial premium in the grey market. According to market observers, Regaal Resources shares are available at a premium of ₹ 31 in the grey market today, which is ₹ 7 higher than Regaal Resources' IPO GMP of ₹ 24 on Tuesday. Regaal Resources GMP today is ₹ 31, ₹ 22 on the Regaal Resources IPO subscription opening date. Market observers believe the rise in Regaal Resources IPO GMP can be attributed to the strong Regaal Resources IPO subscription status and optimism of trend reversal in the Indian secondary market. By 5 PM on day 2 of bidding, the public issue had been subscribed to 26.40 times, the retail portion 21.85 times, the NII portion 67.76 times, and the QIB segment 3.36 times. Marwadi Shares and Finance has assigned a 'subscribe' tag to the public issue, saying, "We assign a 'Subscribe (With Caution)' rating to this IPO as the company has demonstrated healthy growth in recent years and has a diversified portfolio of products catering to a wide range of industries, positioning it well to capitalise on favorable industry trends. However, negative cash flows in recent fiscals make us cautious from a long-term perspective." BP Equities has also given the public issue a 'buy' tag, saying, "On the upper price band, the issue is valued at a P/E of 16.9x based on FY25 earnings, which seems fairly valued. We, thus, recommend a "SUBSCRIBE" rating for this issue." Apart from these brokerages, Adroit Financial Services, Lakshmishree Investment, Anand Rathi, BNK Securities, Canara Bank Securities, Reliance Securities, Ventura Securities, SMIF, and Swastika Investmart have also assigned a 'subscribe' tag to Regaal Resources IPO. The most likely Regaal Resources IPO allotment date is 18 August 2025 and the most likely Regaal Resources IPO listing date is 20 August 2025 Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
5 days ago
- Business
- Time of India
Regaal Resources IPO 7.2x subscribed on Day 2 so far; GMP at 25%. Should you bid or skip?
Regaal Resources ' Rs 306 crore initial public offering (IPO) has been subscribed 7.17 times so far on Day 2, reflecting robust investor demand . In the grey market, the IPO is trading at a 25% premium over the issue price of Rs 102 per share, underscoring strong market appetite. The book-built issue comprises a fresh issue of shares worth Rs 210 crore to fund business needs and an offer for sale (OFS) worth Rs 96 crore by the promoter group, enabling partial stake dilution. The IPO subscription window closes on August 14. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Regaal Resources IPO GMP In the grey market, Regaal Resources' IPO is trading at a Rs 25–27 premium, implying a ~25% gain over the upper price band of Rs 102, signalling strong demand and positive sentiment. Regaal Resources IPO Day 2 Subscription Status As of 10:05 AM, the Regaal Resources IPO was subscribed 7.17 times. Retail investors bid for 6.68 times the 1.04 crore shares reserved for them, indicating relatively lower participation versus other categories. NIIs subscribed 13.92 times their 44.99 lakh shares, while QIBs applied for 2.95 times the 59.99 lakh shares allotted. Live Events Regaal Resources IPO: Price band and company overview Regaal Resources has set its IPO price band at Rs 96-102 per share, with a minimum lot size of 144 shares. At the upper end, the market cap is estimated at Rs 9,985 crore. The shares are expected to list on both NSE and BSE on August 20. One of India's fastest-growing maize-based specialty product makers, Regaal ranks as the second-largest player in eastern India with a daily maize milling capacity of 750 tonnes. Its 54-acre Kishanganj, Bihar facility follows a zero liquid discharge process and offers 70,000 MT of storage. Located near Gulabbagh, a key maize trading hub, it sources directly from farmers, reducing raw material costs by 6-7%. The portfolio spans native and modified maize starches, co-products like maize gluten and enriched fibre, and value-added products such as maize flour, icing sugar, custard powder, and baking powder. Regaal caters to industries including paper, animal feed, and food processing, with the paper sector contributing the largest share of revenue. Financial Performance In FY25, domestic sales contributed 93% of revenue, with exports to Bangladesh, Malaysia, and Nepal. Between FY23 and FY25, revenue grew at a 37% CAGR, net profit rose from Rs 16.8 crore to Rs 48 crore, and EBITDA margins improved from 8% to 12%. Use of IPO Proceeds IPO proceeds will mainly go toward repaying/prepaying Rs 159 crore debt, with the balance for general corporate purposes. Post-issue, promoter shareholding will drop from 99.56% to 70.44%. Should you subscribe? Brokerages are upbeat on the IPO. Arihant Capital recommends 'Subscribe for long term,' citing the company's strategic location in a key maize belt, efficient multi-source procurement, and a diversified product portfolio. Reliance Securities also advises subscribing, highlighting its strong market position, cost advantages from government incentives, planned capacity expansion to 1,650 TPD, and entry into high-margin starch derivatives and white-labelling. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
5 days ago
- Business
- Economic Times
Regaal Resources IPO 7.2x subscribed on Day 2 so far; GMP at 25%. Should you bid or skip?
Regaal Resources' Rs 306 crore initial public offering (IPO) has been subscribed 7.17 times so far on Day 2, reflecting robust investor demand. In the grey market, the IPO is trading at a 25% premium over the issue price of Rs 102 per share, underscoring strong market appetite. ADVERTISEMENT The book-built issue comprises a fresh issue of shares worth Rs 210 crore to fund business needs and an offer for sale (OFS) worth Rs 96 crore by the promoter group, enabling partial stake dilution. The IPO subscription window closes on August 14. In the grey market, Regaal Resources' IPO is trading at a Rs 25–27 premium, implying a ~25% gain over the upper price band of Rs 102, signalling strong demand and positive sentiment. As of 10:05 AM, the Regaal Resources IPO was subscribed 7.17 times. Retail investors bid for 6.68 times the 1.04 crore shares reserved for them, indicating relatively lower participation versus other categories. NIIs subscribed 13.92 times their 44.99 lakh shares, while QIBs applied for 2.95 times the 59.99 lakh shares allotted. ADVERTISEMENT Regaal Resources has set its IPO price band at Rs 96-102 per share, with a minimum lot size of 144 shares. At the upper end, the market cap is estimated at Rs 9,985 crore. The shares are expected to list on both NSE and BSE on August 20. Unlock 500+ Stock Recos on App One of India's fastest-growing maize-based specialty product makers, Regaal ranks as the second-largest player in eastern India with a daily maize milling capacity of 750 tonnes. Its 54-acre Kishanganj, Bihar facility follows a zero liquid discharge process and offers 70,000 MT of storage. Located near Gulabbagh, a key maize trading hub, it sources directly from farmers, reducing raw material costs by 6-7%. ADVERTISEMENT The portfolio spans native and modified maize starches, co-products like maize gluten and enriched fibre, and value-added products such as maize flour, icing sugar, custard powder, and baking powder. Regaal caters to industries including paper, animal feed, and food processing, with the paper sector contributing the largest share of FY25, domestic sales contributed 93% of revenue, with exports to Bangladesh, Malaysia, and Nepal. Between FY23 and FY25, revenue grew at a 37% CAGR, net profit rose from Rs 16.8 crore to Rs 48 crore, and EBITDA margins improved from 8% to 12%. ADVERTISEMENT IPO proceeds will mainly go toward repaying/prepaying Rs 159 crore debt, with the balance for general corporate purposes. Post-issue, promoter shareholding will drop from 99.56% to 70.44%. Brokerages are upbeat on the IPO. Arihant Capital recommends 'Subscribe for long term,' citing the company's strategic location in a key maize belt, efficient multi-source procurement, and a diversified product portfolio. Reliance Securities also advises subscribing, highlighting its strong market position, cost advantages from government incentives, planned capacity expansion to 1,650 TPD, and entry into high-margin starch derivatives and white-labelling. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
6 days ago
- Business
- Mint
Regaal Resources IPO opens on August 12: GMP, price band to key dates among 10 top things to know
Regaal Resources IPO: Regaal Resources' initial public offering (IPO) is set to open for subscription tomorrow, August 12. Before the issue opens, here are 10 key things from GMP to price band and important dates that investors must know. Here are the details: The subscription period for Regaal Resources IPO starts on August 12, 2025, and closes on August 14, 2025. On Monday, August 18, 2025, the allocation for the Regaal Resources IPO is expected to be completed. The issue size for Regaal Resources IPO is ₹ 306 crore. The offering comprises an offer for sale of 0.94 crore shares worth ₹ 96 crore, and a fresh issue of 2.06 crore shares, totalling ₹ 210 crore. Regaal Resources' IPO is priced between ₹ 96 and ₹ 102 per share. An application's lot size is 144. Retail individual investors can invest as little as ₹ 13,824 (144 shares). For large NIIs, the lot size investment is 69 lots (9,936 shares), totalling ₹ 10,13,472, while for small NIIs, it is 14 lots (2,016 shares), totalling ₹ 2,05,632. Regaal Resources IPO is slated to be listed on the BSE and NSE on Wednesday, August 20, 2025. Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the Regaal Resources IPO, while MUFG Intime India Private Limited (Link Intime) serves as the registrar. Regal Resources Limited was created in 2012 and has a crushing capacity of 750 tons per day. It manufactures specialty maize products in India. The company plans to use the funds raised from fresh share sale for full or partial repayment and/or prepayment of some outstanding loans secured by the business—Rs159 crore, and for general corporate purposes. Regaal Resources serves a diverse range of customers. However, its top ten customers account for the majority of its sales, and the loss of such customers or a significant decrease in purchases by such customers will have a material negative impact on Regaal Resources' business, results of operations, and financial condition. On August 11, Regaal Resources IPO GMP (Grey Market Premium) stood at +22. This means that Repono shares are selling in the grey market at a ₹ 22 premium over the issue price of ₹ 102. Investors anticipate Regaal Resources shares to be listed at a premium of 21.57%, or ₹ 22, above the upper range of the offering price at ₹ 124.
