Price Band of ₹96/– ₹102/- per Equity Share bearing face value of ₹5/- each (“Equity Shares”)
Bid/Offer Opening Date – Tuesday, August 12, 2025 and Bid/Offer Closing Date –Thursday, August 14, 2025.
Minimum Bid Lot is 144 Equity Shares and in multiples of 144 Equity Shares thereafter.
RISKS TO INVESTORS
Mumbai, August 7, 2025: Regaal Resources Limited has fixed the price band of ₹96/- to ₹102/- per Equity Share of face value ₹5/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, August 12, 2025, for subscription and close on Thursday, August 14, 2025. Investors can bid for a minimum of 144 Equity Shares and in multiples of 144 Equity Shares thereafter.
The IPO is a mix of fresh issue of up to Rs 210 crore and an offer for sale up to 94,12,000 equity shares by promoters and promoter group selling shareholders.
The Proceeds from the fresh issue to the extent of Rs 159 crore for repayment and / or pre-payment, in full or part, of certain borrowings availed by the Company.
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 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.
It caters to domestic and international customers across diverse industries including food products, paper, animal feed, and adhesives. Its business model is structured around catering to 3 broad segments of customers viz.,Manufacturers of end products; Manufacturers of intermediate products; and Distributors / Wholesale traders.
It has a manufacturing plant with zero liquid discharge (ZLD) maize milling plant (Manufacturing Facility) located in Kishanganj, Bihar, with key export markets i.e. Nepal and Bangladesh.
The company’s prominent customers include Emami Paper Mills Limited, Manioca Food Products Private Limited, Century Pulp & Paper, Kush Proteins Private Limited, Shri Guru Oil Industries, Mayank Cattle Food Limited, Aarnav Sales Corporation, AMV Sales Corporation, Eco Tech Papers, Genus Paper Board Private Limited, Krishna Tissues Private Limited, Maruti Papers Private Limited, and M/s Vasu and Sons.
Regaal Resources’ revenue from operations increased by 52.52% from ₹600.02 crore in Fiscal 2024 to ₹915.16 crore in Fiscal 2025 primarily on account of an increase in sale of manufactured goods and traded goods a. Profit after tax for the year increased by 115.28% from ₹22.14 crore in Fiscal 2024 to ₹47.67 crore to Fiscal 2025.
Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
The Offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional investors, and not less than 35% of the offer shall be available for allocation to retail individual investors.
DISCLAIMERS: REGAALRESOURCES LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the RHP dated August 6, 2025 with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs i.e., Pantomath Capital Advisors Private Limited at www.pantomathgroup.com and Sumedha Fiscal Services Limited at www.sumedhafiscal.com, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.regaalresources.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 36 of the RHP. Potential investors should not rely on the RHP filed with SEBI and the Stock Exchanges, for making any investment decision. and should instead rely on their own examination of our Company and the Offer, including the risks involved. The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act or any other applicable laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in ‘offshore transactions’ in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offer and sales are made. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities or the Offer Document. The investors are advised to refer to page 439 of the RHP for the full text of the disclaimer clause of SEBI.
Disclaimer Clause of BSE (the Designated Stock Exchange) : It is to be distinctly understood that the permission given by BSE should not in any way be deemed or construed that the RHP has been cleared or approved by BSE nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 442 of the RHP for the full text of the disclaimer clause of BSE.
Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page 442 of the RHP for the full text of the disclaimer clause of NSE.
No comments:
Post a Comment