Regaal Resources IPO

About Regaal Resources IPO

Regaal Resources IPO is a book-built issue worth ₹306.00 crore. The IPO comprises a fresh issue of 2.06 crore equity shares aggregating to ₹210.00 crore and an offer for sale of 0.94 crore equity shares aggregating to ₹96.00 crore. The IPO opens for subscription on August 12, 2025, and closes on August 14, 2025. The allotment is expected to be finalised on August 18, 2025, with tentative listing on BSE and NSE scheduled for August 20, 2025.

The IPO is priced in a band of ₹96 – ₹102 per share. Retail investors must apply for a minimum of 1 lot comprising 144 shares, requiring an investment of ₹14,688 at the cutoff price. S-HNI investors must apply for a minimum of 14 lots (2,016 shares), amounting to ₹2,05,632, while B-HNI investors must apply for a minimum of 69 lots (9,936 shares), amounting to ₹10,13,472.

Pantomath Capital Advisors Pvt. Ltd. is the book-running lead manager to the issue, and MUFG Intime India Pvt. Ltd. is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Regaal Resources IPO RHP.

Industry Outlook

1. India’s maize starch and derivatives industry is poised for sustained growth, underpinned by rising demand across diverse end-use sectors such as food processing, paper manufacturing, animal feed, and adhesives. As per the Frost & Sullivan industry report commissioned by Regaal Resources, maize remains the largest crop within India’s feed grain segment, with approximately 80–83% cultivated during the Kharif season and the remainder in Rabi.
2. The Indian maize starch co-products market was estimated at 1.31 million tonnes in 2024, valued at approximately USD 570 million. Globally, the native maize starch market stood at USD 30.82 billion in 2024 and is projected to reach USD 36.87 billion by 2029, reflecting a compound annual growth rate (CAGR) of 3.65%. In India, the native maize starch market is expected to grow at a CAGR of 4.48% over the same period, indicating robust domestic momentum.
3. This growth is driven by increasing industrial applications, particularly in the paper and packaging sectors, where starch is used as a binder and coating agent. Additionally, the food and beverage industry is witnessing heightened demand for clean-label and plant-based ingredients, further boosting the consumption of native and modified starches.
4. The sector is also benefiting from government incentives under schemes such as the Bihar Industrial Investment Promotion Policy (BIIPP), which offers interest and GST subsidies to starch manufacturers. These policy measures are fostering regional manufacturing hubs and encouraging capacity expansion.

Regaal Resources IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. The company plans to utilise ₹1,590 million from the net proceeds to repay or prepay, in full or in part, certain borrowings. This initiative is aimed at improving the company’s capital structure, reducing interest obligations, and enhancing financial stability.
2. A portion of the proceeds will be allocated towards general corporate purposes, including working capital requirements, administrative expenses, brand development, and other strategic initiatives that contribute to operational efficiency and business growth.
3. By reducing debt and improving liquidity, the company aims to position itself favourably for future investments, capacity enhancements, and diversification into value-added maize-based products.
4. Listing on the BSE and NSE will elevate the company’s public profile, improve transparency, and align it with higher governance standards. This move is expected to attract institutional interest, broaden investor participation, and facilitate long-term growth through strategic partnerships.

About Regaal Resources Limited

Regaal Resources Limited was originally incorporated as Regal Resources Private Limited on 2 January 2012 under the Companies Act, 1956. Following a shareholder resolution passed on 10 October 2015, the company was renamed Regaal Resources Private Limited. It was subsequently converted into a public limited company and received its current name on 30 March 2022.

The company is engaged in the manufacturing of maize-based speciality products, including native and modified starches, co-products such as gluten and germ, and value-added items like maize flour, icing sugar, custard powder, and baking powder. These products cater to a wide range of industries, including food processing, paper, animal feed, and adhesives, serving both domestic and international markets.

Regaal Resources operates a zero liquid discharge (ZLD) maize milling facility located in Kishanganj, Bihar, spread across 54.03 acres. The plant has an installed crushing capacity of 750 tonnes per day, making it one of the largest in India. The company has consistently expanded its operations and invested in infrastructure to support its growing product portfolio.

Headquartered in Kolkata, West Bengal, Regaal Resources has built a strong customer base across India and exports to countries such as Bangladesh, Nepal, and Malaysia. Its growth strategy is anchored in operational efficiency, product diversification, and sustainable manufacturing practices. By leveraging government incentives and maintaining high standards of quality and compliance, the company aims to strengthen its position in the maize starch and derivatives industry.

How To Check the Allotment Status of the Regaal Resources IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Regaal Resources IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Regaal Resources IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Regaal Resources IPO

Registered Office: 6th Floor, D2/2, Block-EP & GP, Sector-V, Kolkata – 700091, West Bengal, India.

Phone: +91 33 3522 2405
E-mail: cs@regaal.in