Regaal Resources IPO to Open on August 12

A Promising Debut from Eastern India's Agro-Processing Giant

Kolkata : In a move set to energize India’s capital markets and underline the growing significance of agro-processing in the country’s industrial landscape, Kolkata-based Regaal Resources Limited (RRL) is all set to hit Dalal Street with its Initial Public Offering (IPO) on August 12, 2025. The company, a trusted manufacturer of maize starch, specialty starches, food-grade starches, and starch derivatives, has announced a price band of ₹96 to ₹102 per equity share, aiming to raise a total of ₹306 crore through this public issue.

The IPO, which will remain open for subscription between August 12 and August 14, marks a major milestone for the company — both in terms of expanding its manufacturing capabilities and establishing a broader investor base across India’s capital market. Industry observers and financial analysts are already hailing the offering as a key opportunity for retail and institutional investors looking to enter the fast-growing food and industrial processing sectors.

A Deep Dive into the IPO Structure
According to the company’s Red Herring Prospectus (RHP), the Regaal Resources IPO comprises:
Fresh Issue of Equity Shares worth ₹210 crore, and Offer for Sale (OFS) by existing shareholders valued at ₹96 crore,
bringing the total issue size to approximately ₹306 crore.
The minimum application lot is 144 shares, meaning retail investors will have to invest a minimum of around ₹13,824 to ₹14,688, depending on the final cut-off price.

Post the IPO, the equity shares of Regaal Resources will be listed on both BSE and NSE, with listing tentatively scheduled for August 20, 2025.

Strong Fundamentals and Financial Growth

Regaal Resources' financial performance leading up to the IPO paints a compelling picture for potential investors. In FY2023–24, the company clocked a revenue of approximately ₹600 crore, which surged to ₹915.16 crore in FY2024–25, reflecting a stellar 52.5% growth year-on-year. Meanwhile, net profit (PAT) more than doubled, rising from ₹22.14 crore to ₹47.67 crore, demonstrating both strong top-line and bottom-line growth.
This financial leap has been driven by robust demand in the food and allied sectors, where starch and its derivatives are used extensively in everything from processed foods to pharmaceuticals, paper to packaging, textiles to adhesives.
Use of IPO Proceeds: Debt Repayment and Growth Strategy
Of the ₹210 crore raised via fresh issue, Regaal Resources has earmarked ₹159 crore for repayment or prepayment of borrowings, helping the company strengthen its balance sheet and reduce interest burdens. The remaining capital will be used for general corporate purposes, including investment in R&D, new product development, logistics enhancement, and potential capacity expansion.

The company operates a state-of-the-art manufacturing facility in Kishanganj, Bihar, with a crushing capacity of 750 tonnes per day, and boasts a Zero Liquid Discharge (ZLD) system for sustainable operations.

Product Portfolio & Market Presence

Regaal Resources is a name that holds growing clout in the Indian starch industry. Its wide-ranging product portfolio includes:
Native and modified maize starch
Specialty food products like custard powder, icing sugar, baking powder.

By-products such as maize germ, gluten, and fiber-rich feed

These products serve a wide base of industries — from food processing, confectionery, dairy, and beverages, to paper, textiles, pharma, and even bioplastics. With India witnessing a growing demand for plant-based ingredients, sustainable packaging, and functional foods, Regaal Resources is well-positioned to tap into these evolving consumer and industrial trends.

Who’s Managing the Issue?

The IPO is being managed by two lead book-running managers:
Pantomath Capital Advisors Pvt Ltd, and Sumedha Fiscal Services Ltd, a Kolkata-based firm with deep experience in mid-cap and SME offerings.

The registrar to the issue is MUFG Intime India Pvt Ltd (formerly known as Link Intime), one of India’s leading IPO registrars.
Investor Sentiment & Outlook
Experts tracking the IPO believe that Regaal Resources Limited offers a compelling investment case: “This is not just a regional success story from Kolkata. Regaal is showing how Indian manufacturing in the agri-processing space can scale up efficiently and profitably,” said a senior equity analyst from a Mumbai-based brokerage. “Given the sectoral tailwinds and Regaal’s financials, this IPO is likely to see good demand, especially from long-term investors.”

The Qualified Institutional Buyers (QIBs) will get up to 50% of the shares, Non-Institutional Investors (NIIs) will receive 15%, while retail investors will be allocated at least 35% of the issue size.
Important Dates at a Glance
EventDateIPO OpensAugust 12, 2025IPO ClosesAugust 14, 2025Anchor Investor BiddingAugust 11, 2025Allotment FinalizationAugust 18, 2025Refunds InitiatedAugust 19, 2025Credit of Shares to DematAugust 19, 2025Listing on BSE/NSEAugust 20, 2025

Final Thoughts

With a strong regional base, growing pan-India footprint, sector-leading product range, and impressive financial track record, Regaal Resources Limited’s IPO emerges as one of the most promising offerings in the agro-processing space this year. The company is not only inviting investors to join its growth story but is also signaling the rise of Eastern India as a key player in India’s manufacturing and industrial narrative.

Disclaimer : As always, investors are advised to consult with their financial advisors and study the RHP before subscribing to the issue.