Regaal Resources IPO: A Starch Industry Challenger Sets Sail

Regaal Resources Ltd, an agro-based company, announces a price band of Rs 96-102 per share for its Rs 306-crore IPO, open from August 12 to 14. The proceeds will address debt and corporate needs. The company saw a 52.52% increase in revenue, with profits more than doubling annually.

Regaal Resources Ltd, a prominent player in the agro-based industry, has set a price range of Rs 96-102 per share for its forthcoming initial public offering (IPO) amounting to Rs 306 crore. The opportunity for public investment will remain open from August 12 to August 14, the company has stated.

The IPO features a fresh issuance of shares valued at Rs 210 crore and an offer-for-sale involving 94.12 lakh shares worth Rs 96 crore by the promoters. At the upper end of the price band, this culminates in a total issue size of Rs 306 crore. Proceeds from the fresh issue, estimated at Rs 159 crore, are earmarked for debt repayment, while remaining funds will support general corporate activities.

Regaal Resources, specializing in maize-based starch and starch derivatives, boasts a daily crushing capacity of 750 tonnes. The firm's revenue soared by 52.52% to Rs 915.16 crore in fiscal 2025, with profit after tax surging to Rs 47.67 crore, more than doubling from prior results. Investors can expect listings on both the NSE and BSE, with Pantomath Capital Advisors and Sumedha Fiscal Services leading the charge as book-running lead managers, and Link Intime India serving as the issue's registrar.

(With inputs from agencies.)