Regaal Resources About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 144 | 14688 | 72917 |
| sHNI | 14 | 2016 | 205632 | 744 |
| bHNI | 69 | 9936 | 1013472 | 1488 |
IPO Details
| Total Issue Size | 30,000,235 shares (aggregating up to 306.00Cr) |
| Fresh Issue | 20,588,235 shares (aggregating up to 210.00Cr) |
| Offer For Sale | 9,412,000 shares (aggregating up to 96.00Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,21,35,940 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Net Isssue |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 20.25% | 17.49% | 16.05% |
| ROCE | 14.17% | 10.07% | 10.99% |
| EPS (basic) | 6.05 | 2.89 | 2.2 |
| P/E PRE IPO | 17.58 | ||
| P/E POST IPO | 21.98 |
Company Financial In Crore
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 860.27 | 585.97 | 371.52 |
| Total Income | 917.58 | 601.08 | 488.67 |
| Profit After Tax | 47.67 | 22.14 | 16.76 |
| EBITDA | 112.79 | 56.37 | 40.67 |
| Net Worth | 235.41 | 126.61 | 104.41 |
| Reserves and Surplus | 202.44 | 125.12 | 102.92 |
| Total Borrowing | 507.05 | 357.21 | 188.93 |
About Company
Incorporation & Operations :
- Established in 2012, Regal Resources Limited is engaged in manufacturing maize specialty products in India.
- Crushing capacity: 750 tonnes per day.
- Manufacturing facility located in Kishanganj, Bihar, spread over 54.03 acres, with zero liquid discharge operations.
Product Portfolio
- Maize Starch & Modified Starch – Natural plant-based starch derived from maize.
- Co-products – Gluten, germ, enriched fiber, and fibre.
- Food Grade Starches – Maize flour, icing sugar, custard powder, baking powder.
Market Presence
- Exports to: Nepal and Bangladesh.
- Domestic & International Customers: Serves industries such as food products, paper, animal feed, and adhesives.
- Customer Segments:
- End product manufacturers
- Intermediate product manufacturers
- Distributors & wholesale traders
Human Resources
- As of May 31, 2025, the company employed 491 personnel across various departments.
Strength
Strategic Manufacturing Location : The facility is located in Bihar’s Kishanganj district, a major maize hub, close to West Bengal and Assam borders, ensuring easy access to raw materials and consumption markets.
High-Utilization Sustainable Facility : The company operates a well-maintained, upgraded manufacturing unit using wet milling processes, resulting in high capacity utilization and operational efficiency.
Diverse Product Portfolio with Rapid Growth : Among the top 10 maize milling companies in India, the company offers a wide range of maize-based specialty products and recorded a 36.95% revenue CAGR from FY23 to FY25.
Weakness
Legal Case Against Promoter : One of the promoters, Anil Kishorepuria, is involved in a legal proceeding under the IPC and Prevention of Corruption Act. Any negative outcome may harm the company's reputation and operations.
High Vendor Dependency : Over 83% of maize purchases come from the top 10 vendors, with no long-term contracts. Losing these vendors or price hikes could adversely affect supply and revenues.
Past Capital Market Restrictions on Promoter : Promoter Anil Kishorepuria and some promoter group members were previously restricted from participating in capital market activities, which may raise concerns about governance and compliance.
Regaal Resources Lead Manager(s)
Regaal Resources Address
6th Floor, D2/2
Block-EP & GP,
Sector-V
Kolkata, West Bengal, 700091
Phone: 033 3522 2405
Email: cs@regaal.in
Website: https://regaalresources.com/
Regaal Resources Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083