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Business Standard
29 minutes ago
- Business
- Business Standard
Regaal Resources IPO subscribed 5.94 times on the first day of offer
The initial public offer of Regaal Resources Ltd, a maize-based speciality product manufacturer, received 5.94 times subscription on the first day of bidding on Tuesday. The initial share sale got bids for 12,47,19,552 shares against 2,09,99,664 shares on offer, according to NSE data. Non Institutional Investors part fetched 10.77 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 5.58 times. Qualified Institutional Buyers (QIBs) category received 2.94 times subscription. Regaal Resources Ltd on Monday mobilised around Rs 92 crore from anchor investors. The price band has been fixed at Rs 96-102 per share. The IPO has a fresh issue of shares worth Rs 210 crore and an offer-for-sale of 94.12 lakh shares valued at Rs 96 crore by promoters, at the upper end of the price band. This aggregates the issue size to Rs 306 crore. Following the issue, the promoters' stake will reduce to approximately 71 per cent from 100 per cent. Of the fresh issue proceeds, Rs 159 crore will go towards repayment or pre-payment of certain borrowings. 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.
Time of India
4 hours ago
- Business
- Time of India
Regaal Resources IPO subscribed 5.94 times on Day 1
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offer of Regaal Resources Ltd, a maize-based speciality product manufacturer , received 5.94 times subscription on the first day of bidding on initial share sale got bids for 12,47,19,552 shares against 2,09,99,664 shares on offer, according to NSE Institutional Investors part fetched 10.77 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 5.58 times. Qualified Institutional Buyers (QIBs) category received 2.94 times Resources Ltd on Monday mobilised around Rs 92 crore from anchor price band has been fixed at Rs 96-102 per IPO has a fresh issue of shares worth Rs 210 crore and an offer-for-sale of 94.12 lakh shares valued at Rs 96 crore by promoters, at the upper end of the price band. This aggregates the issue size to Rs 306 the issue, the promoters' stake will reduce to approximately 71 per cent from 100 per the fresh issue proceeds, Rs 159 crore will go towards repayment or pre-payment of certain 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.
News18
5 hours ago
- Business
- News18
Regaal Resources IPO subscribed 5.94 times on Day 1 of offer
Agency: PTI Last Updated: New Delhi, Aug 12 (PTI) The initial public offer of Regaal Resources Ltd, a maize-based speciality product manufacturer, received 5.94 times subscription on the first day of bidding on Tuesday. The initial share sale got bids for 12,47,19,552 shares against 2,09,99,664 shares on offer, according to NSE data. Non Institutional Investors part fetched 10.77 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 5.58 times. Qualified Institutional Buyers (QIBs) category received 2.94 times subscription. Regaal Resources Ltd on Monday mobilised around Rs 92 crore from anchor investors. The price band has been fixed at Rs 96-102 per share. The IPO has a fresh issue of shares worth Rs 210 crore and an offer-for-sale of 94.12 lakh shares valued at Rs 96 crore by promoters, at the upper end of the price band. This aggregates the issue size to Rs 306 crore. Following the issue, the promoters' stake will reduce to approximately 71 per cent from 100 per cent. Of the fresh issue proceeds, Rs 159 crore will go towards repayment or pre-payment of certain borrowings. 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. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: 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.
Mint
13 hours ago
- Business
- Mint
Regaal Resources IPO Day 1 Live: Check GMP, review, subscription status, key dates, more
Regaal Resources IPO Day 1 Live: The public subscription for the initial share sale of Agro-based firm Regaal Resources Ltd is set to take place from August 12 to August 14. Regaal Resources IPO price band has been established at ₹ 96-102 per share. Regaal Resources IPO consists of a fresh share issue valued at ₹ 210 crore and a sell-off of 94.12 lakh shares worth ₹ 96 crore by promoters, based on the upper limit of the price band. This brings the total issue size to ₹ 306 crore. The proceeds from the fresh issue, amounting to ₹ 159 crore, will be allocated to debt repayment, with the remainder designated for general corporate needs. Regaal Resources is among the manufacturers of maize-based starch, specialty starches, food-grade starches, and starch derivative products in India, boasting an installed crushing capacity of 750 tonnes per day. The company saw its revenue from operations rise by 52.52 percent to ₹ 915.16 crore in fiscal 2025, up from ₹ 600.02 crore in the previous fiscal year, while its net profit surged more than twofold to ₹ 47.67 crore from ₹ 22.14 crore over the same timeframe. Pantomath Capital Advisors and Sumedha Fiscal Services serve as the book-running lead managers, with Link Intime India acting as the issue's registrar. (Stay tuned for more updates) Follow updates here: 12 Aug 2025, 09:15 AM IST Regaal Resources IPO GMP today is +23. This indicates Regaal Resources share price were trading at a premium of ₹ 23 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Regaal Resources share price was indicated at ₹ 125 apiece, which is 22.55% higher than the IPO price of ₹ 102. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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Business Standard
a day ago
- Business
- Business Standard
Regaal Resources mobilises ₹92 cr from anchor investors ahead of IPO
Regaal Resources Ltd, one of India's largest maize-based specialty product manufacturers, on Monday mobilised around ₹ 92 crore from anchor investors, a day before its initial public offering (IPO) opening for subscription. The institutional investors who participated in the anchor round included 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, according to a circular uploaded on BSE's website. As per the circular, the company has allotted over 8.9 million equity shares to these investors at ₹ 102 apiece, aggregating the fund raising to ₹ 91.79 crore. To support the expansion and debt repayment, the Kolkata-headquartered company will launch its IPO on August 12, which will close on August price band has been fixed at ₹ 96-102 per share. The IPO comprises a fresh issue of shares worth ₹ 210 crore and an offer-for-sale of 9.4 million shares valued ₹ 96 crore by promoters, at the upper end of the price band. This aggregates the issue size to ₹ 306 crore. Post-issue, the promoters' stake will reduce to about 71 per cent from 100 per cent. Of the fresh issue proceeds, ₹159 crore will go towards repayment or pre-payment of certain borrowings. 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. As of March 2025, the company's total debt stood at ₹ 570 crore. The company reported a 52.5 per cent jump in revenue to ₹ 915.16 crore in FY25 from ₹ 600.02 crore in FY24, while profit after tax more than doubled to ₹ 47.67 crore from ₹ 22.14 crore. (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.)
