IPO Details
Bidding Dates
12 Aug 25 - 14 Aug 25
Price Range ₹
96 - 102
Total Equity
₹ 214.20Cr
Lot Size
144
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
57.75×
Qualified Institutional Buyers
190.97×
Employees
0.00×
Retail Investors
57.75×
Total subscription Rate
159.88×
IPO Timeline
Offer start
12 Aug 2025
Offer end
14 Aug 2025
Allotment
18 Aug 2025
Refund initiation
19 Aug 2025
Demat transfer
19 Aug 2025
Listing
20 Aug 2025
Offer start
12 Aug 2025
Offer end
14 Aug 2025
Allotment
18 Aug 2025
Refund initiation
19 Aug 2025
Demat transfer
19 Aug 2025
Listing
20 Aug 2025
About Company
Incorporated in 2012, Regal Resources Limited manufactures maize specialty products in India, with a crushing capacity of 750 tonnes per day.Maize starch and modified starch – a natural plant-based starch from maize. Co-products –include gluten, germ, enriched fiber and fibre; and Food grade starches: maize flour, icing sugar, custard powder, baking powder. The manufacturing unit is located in Kishanganj, Bihar, spanning 54.03 acres with zero liquid discharge. The company exports its products to Nepal and Bangladesh. The company caters to domestic and international customers across diverse industries including food products, paper, animal feed, and adhesives.
Year Founded
02-01-2012
Promotor Details
Anil Kishorepuria
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.56 | 70.45 |
| Share Capital | 81775940 | 72363940 |
Offer to Public
2,09,99,664.00 Cr
Project Details
- Repayment and/ or pre-payment, in full or in part, of our certain outstanding borrowings availed by - 1590cr
- General Corporate Purposes - 281.4cr
Objectives
- Repayment and/ or pre-payment, in full or in part, of our certain outstanding borrowings availed by our Company
- andGeneral Corporate Purposes.
Highlights
- PAT increased 115% and revenue rose 53% YoY (FY24–FY25), indicating robust business performance.
- Located close to raw material sources and consumption centers in Bihar, enabling logistical and cost advantages.
- Products cater to multiple industries and geographies (Nepal, Bangladesh), reducing dependency risk.
- Ties with reputed clients like Emami Paper and Century Pulp & Paper add credibility and revenue stability.
- Margins and returns (ROE, ROCE) are healthy and improving, supporting investor confidence.
Challenges
- Despite good earnings, high debt levels can limit financial flexibility and pose repayment risks.
- While diversified across sectors, any decline in demand from key industries (like paper or food processing) may impact revenue.
- Dependent on maize prices; volatility in raw material costs can squeeze margins.
- Exports to Bangladesh and Nepal expose it to cross-border regulations, tariffs, and political risks.
- Post-issue P/E of 21.98 and P/B of 6.18 may seem high compared to peers, which could limit near-term listing gains.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 3,715.20 | 95.85 | 167.58 | 167.58 | 2.1854 |
| 2022 | 2,766.24 | 91.50 | 261.17 | 261.17 | 3.5679 |
| 2024 | 5,859.71 | 95.85 | 476.68 | 476.68 | 5.8035 |
| 2025 | 8,602.65 | 410.68 | 261.17 | 261.17 | 3.5679 |
