Regaal Resources IPO subscribed 26.40 times on Day 2
The Initial Public Offering of Regaal Resources Limited was subscribed 26.40 times on the second day of bidding.
The issue received bids of 55,44,57,456 shares against the offered 2,09,99,664 equity shares, at a price band of ₹96-102, according to the data available on the stock exchanges.
Non-Institutional Investors Portion and Retail Portion were subscribed 67.76 times and 21.85 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 3.36 times. The issue kicked off for subscription on Tuesday, August 12, 2025, and will close on Thursday, August 14, 2025.
A day before the opening of the issue, Regaal Resources Ltd raised Rs 91.80 crores from anchor investors. Some of the marquee Institutions that participated in the anchor includes Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure Limited, Universal Sompo General Insurance Company Limited, Zeta Global Funds (OEIC) PCC Limited.
Leading brokerage firms like Reliance Securities, CanMoney Securities, Ventura Securities, SMIFS, Swastika Investmart, Marwadi Shares, BP Wealth, BNK Securities, Lakshmishree Investment have given a “Subscribe” rating to the issue highlighting the company’s strong competitive position driven by strategic location advantage, cost-efficient operations, and government incentives that enable sustainable margins and scalability. It is engaged in manufacturing maize-based specialty products such as native maize starch, modified starch (including white dextrin and yellow dextrin), value-added products (like maize flour, icing sugar, custard powder, and baking powder), and co-products (such as gluten, germ, and enriched fiber), with a margin improvement with debt reduction, capacity expansion, diversification into higher-margin segments like modified starch and derivatives, entry into white labelling, and strategic market penetration across domestic and export markets, including new geographies.
Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
Company Information
Regaal Resources, headquartered in Kolkata is one of the largest manufacturers of maize based specialty products in India, in terms of crushing capacity, with a total installed crushing capacity of 750 tonnes per day (TPD), according to F&S report. It is one of the largest manufacturers of maize based specialty products in India, in terms of crushing capacity, with a total installed crushing capacity of 750 tonnes per day (TPD).
It manufactures native maize starch and modified starch - a plant-based natural starch that is produced from maize; co-products - includes gluten, germ, enriched fiber and fiber; and value- added products - food grade starches such as maize flour, icing sugar, custard powder and baking powder.
The table below shows subscription data for all the categories of investors:
REGAAL RESOURCES LIMITED Last updated on 13 Aug 2025 | 05:00:00 PM | ||||
Sr.No. | Category | No.of shares offered / reserved | No. of shares bid for | No. of times of total meant for the category |
1 | Qualified Institutional Buyers (QIBs) | 59,99,904 | 2,01,44,736 | 3.36 |
1(a) | Foreign Institutional Investors (FIIs) | - | 46,32,624 | - |
1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | 99,648 | - |
1(c) | Mutual Funds | - | 2,016 | - |
1(D) | Others | - | 1,54,10,448 | - |
2 | Non Institutional Investors(NIIS) | 44,99,928 | 30,49,24,176 | 67.76 |
2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 29,99,952 | 19,45,55,376 | 64.85 |
2.1(a) | Corporates | - | 11,62,800 | - |
2.1(b) | Individuals (Other than RIIs) | - | 18,37,23,264 | - |
2.1(c) | Others | - | 96,69,312 | - |
2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) | 14,99,976 | 11,03,68,800 | 73.58 |
2.2(a) | Corporates | - | 1,82,016 | - |
2.2(b) | Individuals (Other than RIIs) | - | 10,59,19,488 | - |
2.2(c) | Others | - | 42,67,296 | - |
3 | Retail Individual Investors (RIIs) | 1,04,99,832 | 22,93,88,544 | 21.85 |
3(a) | Cut Off | - | 18,87,72,624 | - |
3(b) | Price Bids | - | 4,06,15,920 | - |
4 | Employee Reserved | - | - | - |
4(a) | Employee (Cut off) | - | - | - |
4(b) | Employee (Price) | - | - | - |
5 | Reservation PortionShareholder | - | - | - |
5(a) | RPS (Cut off) | - | - | - |
5(b) | RPS (Price) | - | - | - |
Total | 2,09,99,664 | 55,44,57,456 | 26.40 | |
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