Regaal Resources IPO opens today: Check anchor investment, GMP, price, lot | All details
Bidding for the Rs 306-crore Regaal Resources IPO begins today, August 12 and will close on August 14. The IPO consists of a fresh issue of 2.06 crore shares amounting to Rs 210.00 crores and an OFS part aggregating to 96.00 crore. The GMP of Regaal Resources IPO stood at Rs 23 on the morning of August 12.
Kolkata: Regaal Resources, a Kolkata-based firm that manufactures maize-based specialty product, successfully placed 89.99 lakh equity shares at Rs 102 each to mop up Rs 92 crore from anchor investors on August 11. The list of anchor investors included Taurus Mutual Fund, VPK Global Ventures Fund, Meru Investment Fund PCC-Cell 1, Benami Capital, Sunrise Investment Opportunities Fund, Authum Investment and Infrastructure Fund and Holani Venture Capital Fund.
The IPO proceeds will be used to retire some debts. The company's total debt was at Rs 570 crore at the end of FY25. Regaal Resources generated a 52.5% surge in revenue to Rs 915.16 crore in FY25 -- Rs 600.02 crore in FY24 -- and PAT jumped more than 100% to stand at Rs 47.67 crore in FY25 (Rs 22.14 crore in FY24).
Regaal Resources IPO GMP
At a time when GMPs have been quite low for few prominent firms, Regaal Resources IPO GMP has exhibited a decent GMP. On the morning of August 12, the GMP of this this issue stood at Rs 23, the same level where it was a day earlier. It consistently rose from Rs 18 on August 7. At this level, it signaled a listing fain of 22.55%. However, it must be kept in mind that GMP (Grey Market Premium) is an unofficial gain and does not guarantee anything.
Regaal Resources IPO price, lot size, dates
The Regaal Resources IPO price band has been fixed at Rs 96.00-102.00. For a retail investor the minimum lot size is 144 which calls for a minimum application money of Rs 14,688 at the upper end of the price band. For an sNII category investor, the minimum lot consists of 2,016 shares, where as for bNII category of investor it consists of 9,936 shares.
The book running lead managers to the IPO are Pantomath Capital Advisors and Sumedha Fiscal Services. The registrar to the issue is MUFG Intime India.
Regaal Resources was set up in 2012. The company has a manufacturing unit is located in Kishanganj, Bihar which has a crushing capacity of 750 tonnes/day. Its products are:
Maize starch and modified starch (a natural plant-based starch), co-products such as gluten, germ, enriched fiber and fibre and food grade starches such as maize flour, icing sugar, custard powder and baking powder.
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