Regaal Resources IPO GMP, Price, Date, Allotment Status

Regaal Resources, a leading manufacturer of maize-based products in India, launched its Initial Public Offering (IPO) on today August 12, 2025, aiming to raise ₹306 crore by offering new and existing shares to the public.

This article provides an overview of the Regaal Resources IPO, including grey market premium (GMP), key dates, price band, allotment details, financial performance, and investment considerations.

What is Regaal Resources IPO?

Regaal Resources IPO is a mainboard IPO aiming to raise approximately ₹306 crore. It has a mixture of fresh issue of 2,05,88,235 equity shares aggregating to ₹210 crore and an offer for sale (OFS) of 94,12,000 equity shares aggregating to ₹96 crore, with each share having a face value of ₹5. 

The IPO will open for subscription on August 12, 2025, and close on August 14, 2025. The shares are set to be listed on both BSE and NSE on August 20, 2025.

Regaal Resources IPO Key Timeline

IPO Key Details

• IPO Opening Date: August 12, 2025
• IPO Closing Date: August 14, 2025
• Issue Size: ₹306 crore
• Fresh Issue: ₹210 crore (2,05,88,235 shares)
• Offer for Sale: ₹96 crore (94,12,000 shares)
• Face Value: ₹5 per equity share
• Price Band: ₹96 to ₹102 per share
• Lot Size: 144 shares
• Minimum Investment (Retail): ₹14,688 (1 lot, 144 shares)
• Minimum Investment (sHNI): ₹2,05,632 (14 lots, 2,016 shares)
• Minimum Investment (bHNI): ₹10,13,472 (69 lots, 9,936 shares)
• IPO Reservation:
  • Qualified Institutional Buyers (QIB): Not more than 50%
  • Non-Institutional Investors (NII/HNI): Not more than 15%
  • Retail Investors: Not more than 35%
• UPI Mandate Confirmation Cut-off: August 14, 2025, Before 5:00 PM.

About Regaal Resources Limited

Regaal Resources Limited is a Kolkata-based manufacturer of maize-based speciality products with a crushing capacity of 750 tonnes per day which was founded in 2012. The company operates a zero liquid discharge (ZLD) manufacturing facility in Kishanganj, Bihar, strategically located near maize farms and key markets like Nepal and Bangladesh. 

Regaal serves clients across domestic and international industries such as food products, paper, animal feed, and adhesives. Its product portfolio includes,

• Maize starch and modified starch: Plant-based starch derived from maize.
• Co-products: Gluten, germ, enriched fibre, and fibre.
• Food-grade starches: Maize flour, icing sugar, custard powder, and baking powder.

As of October 31, 202, Regaal Resources has a storage capacity of 65,000 tonnes of maize across four warehouses and employs 453 people. Key clients include Emami Paper Mills, Century Pulp & Paper, and Manioca Food Products.

Competitive Strengths

• Strategic Location: The company has a manufacturing facility in Kishanganj and Bihar, which is close to raw material sources and key markets, reducing costs and improving efficiency.
• Efficient Procurement: Multifaceted sourcing from farmers, aggregators, and traders ensures a reliable supply chain.
• Sustainability: The ZLD facility and water recycling were demonstrating a commitment to sustainable operations of the organisation.
• Diversified Portfolio: Products cater to multiple industries, positioning Regaal to capitalise on market trends.
• Strong Distribution Network: Widespread sales channels enhance market reach.
• Experienced Management: Promoters Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria, and BFL Private Limited bring industry expertise.

Challenges

• High Debt Levels: Regaal Resources has a debt-to-equity ratio of 2.08 in FY2025 indicates financial leverage, which could pose risks if not managed properly.
• Relatively New Entrant: Regaal was established in 2012 and is relatively new compared to competitors like Gujarat Ambuja Exports, which may limit its brand recognition within the industry.
• Price Volatility: Fluctuations in maize prices could impact the overall profitability of the organisation.
• Regulatory Risks: Government policies changes on the pricing of maize or ethanol subsidies may affect the future growth of the organisation.
• Competitive Industry: The maize processing sector includes big established players like Sanstar and Gulshan Polyols with stronger financial metrics.

Key Performance Indicators (KPIs):

Revenue from Operations: Revenue was ₹488.7 Crore (FY23), ₹601.1 Crore (FY24), and ₹917.6 Crore (FY25), showing 23% and 52.7% growth, respectively. Strong growth, especially in FY25, signals robust business expansion and market demand.

Profit After Tax (PAT): PAT grew from ₹16.75 Crore (FY23) to ₹22.1 Crore (FY24) and ₹47.7 Crore (FY25), with 31.9% and 115.8% growth. This indicates strong profitability.

Profit After Tax Margin (PAT Margin): PAT Margin rose from 3.43% (FY23) to 3.68% (FY24) and 5.20% (FY25). Improving margins show better profitability efficiencies.

Regaal Resources IPO GMP Today

The GMP of the Regaal Resources IPO as of today,12 August 2025, is ₹23. The GMP has got doubled on the opening day indicating a bull trend over the past and expecting a listing price of ₹125.

Things to Consider Before Applying for Regaal Resources IPO

• Regaal Resources offers an opportunity to invest in a growing player in the maize-processing industry, with strong revenue growth of 52.52% in FY2025 and also the advantage of a strategic location.
• The company’s potential to pivot into high-growth areas like ethanol production adds to its long-term prospects.
• It has a diversified product portfolio and sustainable operations enhance its appeal, while a P/E ratio of 16.85x, which is below the industry average of 28.69x, suggests the IPO is reasonably priced. 
• However, investors should note the risks
  • High debt-to-equity ratio of 2.08.
  • Volatility in maize prices and regulatory changes may lead to operational risks.
  • Competition from established players like Sanstar and Gujarat Ambuja Exports, which have stronger financials, may challenge market share.

How to Apply for Regaal Resources IPO?

Investors can apply for Regaal Resources IPO through the following methods:

• Online ASBA: Use your bank’s net banking platform to apply via ASBA.
• UPI: Apply through UPI using a registered broker or trading app
• Offline: If you want to proceed in the offline manner, you need to submit a physical application form through your stockbroker.

Check out the step-by-step process of each method to apply for the Regaal Resources IPO online mentioned below.

Applying for Regaal Resources IPO Online via ASBA

• Log in to your bank’s net banking portal.
• Navigate to the IPO section,
• select “Regaal Resources” from the dropdown.
• Enter the lot size price.
• Click on the submit option.
• Confirm the application via bank authorisation.

Applying Regaal Resources IPO via UPI

• Go to your stockbroker app or website.
• Head to the IPO section.
• Select the “Regaal Resources” IPO in the dropdown.
• Enter lot size and price.
• Enter your registered bank’s UPI ID and click on Apply.
• Confirm the UPI mandate received for your UPI ID before August 14, 2025, 5:00 PM.

Applying Regaal Resources IPO via Offline Application:

• Download the IPO form from the BSE/NSE website.
• Fill in the details of your DP details and Bank Details, and lot size, including the Bid Price.
• Submit it to your stockbroker.
• Wait for the Application Number from the Stockbroker.

Regaal Resources IPO Allotment Status

The Regaal Resources IPO allotment status will be available for the public to check on the Mufg Intime website after August 18, 2025. Follow the steps below to check the allotment status online.

• Visit the Mufg Intime website.
• Head to the IPO Allotment Section.
• Select “Regaal Resources” IPO from the dropdown list.
• Enter your PAN number, or application number, or DP/Client ID.
• Click on “Search” to view your allotment status online.

Alternatively, check the Allotment status on the BSE or NSE websites by selecting “Equity” and “Regaal Resources.” Applicants will also receive allotment updates via email.

Regaal Resources IPO Subscription Status:

The Subscription status for the ipo will be updated once the IPO opens for Subscription. You can check the subscription status below.

IPO Contact Details

Company Details: 

• Name: REGAAL RESOURCES LIMITED
• Address: 6th Floor, D2/2, Block-EP & GP, Sector-V, Kolkata, West Bengal, India, 700091
• Phone: 033 3522 2405
• Email: cs@regaal.in

Registrar:

• Name: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
• Address: C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai - 400 083 Maharashtra, India
• Phone: +91 810 811 4949
• Email: regaalresources.ipo@linkintime.co.in

Conclusion

Regaal Resources IPO presents an intriguing investment opportunity for the investors to invest in the IPO, particularly for those interested in the maize-processing sector with the right strategy and management, Regaal Resources has the potential to become a significant player in its industry, making this IPO worth considering for investors looking for growth in the agricultural sector.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered investment advice. Investors are advised to conduct their own research and consult financial advisors before making investment decisions.

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