Regaal Resources IPO: The initial public offering of Kolkata-based agro-based company specialising in maize-based and speciality starch products--Regaal Resources--will open on Tuesday, August 12. The company has fixed price band at Rs 96 to Rs 102 per share for its public issue. The share sale will remain open for subscription until August 14, 2025.
The IPO will comprise a fresh issue of shares worth Rs 210 crore and an offer for sale (OFS) of 94.12 lakh shares by promoters, valued at about Rs 96 crore at the upper price band. The total issue size is estimated at Rs 306 crore.
Use of proceeds
The company intends to utilise Rs 159 crore from the fresh issue for repayment of debt. The remaining proceeds will be used for general corporate purposes.
Financial performance
In FY25, revenue from operations rose 52.52 per cent to Rs 915.16 crore compared to Rs 600.02 crore in FY24. Profit after tax more than doubled, increasing to Rs 47.67 crore from Rs 22.14 crore in the previous year.
Who are BRLMs, registrar
Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers, and Link Intime India is the registrar of the issue. The company’s equity shares are proposed to be listed on the BSE and NSE.
Business overview
Regaal Resources manufactures maize-based starch, specialty starches, food-grade starches, and starch derivatives, with an installed crushing capacity of 750 tonnes per day.