The IPO market continues to offer diverse investment opportunities, with a new offering from the agro-processing sector. Regaal Resources Ltd., a leading manufacturer of maize-based speciality products, is set to open its IPO on August 12, 2025. This book-building issue will be listed on the main board of the BSE and NSE.
This is a detailed overview of the Regaal Resources IPO details and its industry positioning.
About Regaal Resources Ltd.
Founded in 2012, Regaal Resources Ltd. is a prominent player in the maize-based speciality products sector. The company operates one of India’s largest maize wet milling plants, located in Kishanganj, Bihar, with a crushing capacity of 750 tonnes per day (TPD). Its strategic location near a major maize cultivation hub ensures a consistent and cost-effective supply of raw materials.
Regaal Resources manufactures a diversified portfolio of products, including:
- Native and Modified Maize Starch: Used in various industrial and food applications.
- Co-products: Gluten, germ, and fibre are used in sectors like animal feed.
- Value-added products: Maize flour, custard powder, icing sugar, and baking powder.
The company serves a wide range of industries, including food products, paper, animal feed, and adhesives, with a customer base that includes major industrial players.
Regaal Resources Ltd. IPO Details
The Regaal Resources IPO aims to raise ₹306 crore through a combination of a fresh issue of 2.06 crore shares worth ₹210 crore and an Offer for Sale (OFS) of 0.94 crore shares worth ₹96 crore. The proceeds from the fresh issue will primarily be used for the repayment or pre-payment of the company’s borrowings.
Important IPO Timeline
| Event | Date |
| IPO Open Date | August 12, 2025 |
| IPO Close Date | August 14, 2025 |
| Allotment Date (Tentative) | August 18, 2025 |
| Initiation of Refunds | August 19, 2025 |
| Credit of Shares to Demat | August 19, 2025 |
| Listing Date (Tentative) | August 20, 2025 |
| UPI Mandate Cut-off | 5 PM on August 14, 2025 |
Key IPO Details
| Particulars | Details |
| Face Value | ₹5 per share |
| Issue Price Band | ₹96 to ₹102 per share |
| Lot Size | 144 Shares |
| Total Issue Size | 3,00,00,235 shares (₹306.00 Cr) |
| Fresh Issue | 2,05,88,235 shares (₹210.00 Cr) |
| Offer for Sale | 94,12,000 shares (₹96.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Shareholding Pre-Issue | 8,21,35,940 shares |
| Shareholding Post-Issue | 10,27,24,175 shares |
Lot Size of Regaal Resources Ltd. IPO
| Application Type | Lots | Shares | Amount |
| Retail (Min) | 1 | 144 | ₹14,688 |
| Retail (Max) | 13 | 1,872 | ₹1,90,944 |
| S-HNI (Min) | 14 | 2,016 | ₹2,05,632 |
| S-HNI (Max) | 68 | 9,792 | ₹9,98,784 |
| B-HNI (Min) | 69 | 9,936 | ₹10,13,472 |
Regaal Resources Ltd. Financials
The company has demonstrated impressive financial growth, with revenue and profit after tax (PAT) increasing significantly. This growth is attributed to its high capacity utilisation and expanding product portfolio.
Key Performance Indicators (as of Mar 31, 2025)
- Return on Equity (ROE): 20.25%
- Return on Capital Employed (ROCE): 14.17%
- PAT Margin: 5.19%
- Debt/Equity: 2.08
- Pre-IPO P/E: 12.64
- Post-IPO P/E: 15.22
Company Financial Snapshot
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 860.27 | 585.97 | 371.52 |
| Total Income (₹ Cr) | 917.58 | 601 | 488.67 |
| Profit After Tax (₹ Cr) | 47.67 | 22 | 16.76 |
| EBITDA (₹ Cr) | 112.79 | 56 | 40.67 |
| Net Worth (₹ Cr) | 235.41 | 127 | 104.41 |
| Reserves and Surplus (₹ Cr) | 202.44 | 125.12 | 102.92 |
| Total Borrowing (₹ Cr) | 507.05 | 357.21 | 188.93 |
Regaal Resources Ltd.: Industry Outlook
- Growing Demand: The maize processing industry is driven by rising demand from sectors like food and beverage, animal feed, and paper, contributing to its market growth.
- Diverse Applications: Maize is increasingly used in biofuels, industrial applications, and processed food products, further boosting demand.
- Price Volatility: The industry faces challenges due to fluctuations in raw material prices, especially maize, influenced by weather conditions and supply chain issues.
- Intense Competition: Both domestic and global competition puts pressure on profit margins, making it crucial for companies to innovate and maintain cost efficiencies.
- Sustainability Focus: The industry is adopting sustainable manufacturing practices, including eco-friendly production methods and waste reduction, in line with global environmental trends.
Use of IPO Proceeds
The proceeds from the fresh issue of the Regaal Resources IPO will be used for:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Repayment and/ or pre-payment, in full or in part, of the certain outstanding borrowings availed by the Company | 159 |
| 2 | General Corporate Purposes | – |
Conclusion
The Regaal Resources IPO offers investors a chance to participate in the growing maize-based speciality products sector. The company’s strong financial performance and strategic advantages in raw material sourcing and manufacturing are compelling. However, the valuation and a high debt-to-equity ratio warrant careful consideration. The IPO may be attractive to investors seeking exposure to the agro-processing industry with a moderate risk appetite.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
