Regaal Resources Limited IPO GMP, Date, Price Band & Review

The Regaal Resources Limited IPO is a bookbuilt issue of ₹306 crores. The IPO will be a combination of 2.06 crore fresh equity shares worth ₹210 crores and 0.94 crore offer-for-sale shares worth ₹96 crores. The IPO opens for subscription on 12th August, 2025 and will be closed by 14th August, 2025. Allotment of the issue will be completed on 18th August 2025 with the shares likely to be listed on the NSE and BSE platforms on 20th August 2025. Any applicant, including a retail investor, can apply for a lot size of 114 shares of ₹13,824. sNIIs can apply for 2,016 shares of ₹2,05,632 and bNIIs for 9,936 shares worth ₹10,13,472.

Company Background

Regaal Resources was established in 2016 with the idea of establishing Bihar’s first corn wet milling plant and soon the company was producing at 180 metric tons per day. The company thrives by providing high-quality products with excellence, it promotes innovation while also catering to sustainable means of production. Regaal provides services to various industries and has a clear goal to establish itself as the leading agro-processing corporation in India.

Operations & Product Range

Facility and Services

Regaal’s manufacturing unit is located in Bihar, spread across 50 acres of area. In 2018, when it started commercial production, the unit supported 180 metric tons per day of production and now it can support about 750 metric tons per day of production, which has helped in positioning the company to own the second largest corn well milling units in the eastern region of India. Regaal Resources provides products that cater to industries like food, paper, textiles, pharmaceuticals and animal feed. The company provides products like native maize starch, modified starch, food grade products and many more.

Brands and Market Presence

The company has a well-established presence in the agricultural industry with a strong regional foothold in Bihar. Regaal offers its vast product portfolio to various industries to cater to its clientele, including Emami Paper Mills Limited, Manioca Food Products Private Limited, Century Pulp & Paper, Maruti Papers Limited and multiple others. It also exports the company’s products to regions like Nepal and Bangladesh, creating a reputable image in international markets as well. Regaal has a strong foothold in the agro-processing market by providing comprehensive maize starch-related products with a strong focus on quality and sustainability.

Revenue Channels

Regaal gains its revenue from various channels but the primary source of the company's revenue is through its core business segment of native maize starch. Almost 59.3% of the company’s revenue is generated through the supply of native maize starch to various sectors like food, paper, textiles, etc. The company also generates revenue through sales of its other products like fibre germ, maize steep liquor and maize gluten, which constitute about 21.8% of the total revenue. Traded Maize products and Value-added products provide a combined 18.4% input in the revenue. Modified starch products like yellow dextrin, oxidized starch and white dextrin constitute 0.5% in the total revenue.

Management & Shareholding

Promoters and Shareholders

The Regaal Resources Limited IPO is promoted by Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria and BFL Private Limited. The promoter group holds about 85-90% of the company’s shares, and this percentage is expected to go through a dilution after its IPO listing on 12th August.

Board Members

The board group of the company comprises various members with managerial and industrial expertise such as Anil Kishorepuria, the Chairman and Managing Director of Regaal, Karan Kishorepuria who is the Whole-time Director, Dinabandhu Mohapatra, Sheetal Jhunjhunwala & Rajesh Raghunath Pednekar who are the Independent Directors at Regaal and Munish Jhajharia, the Non-Executive Director of the company.