Regaal Resources IPO: Here's What Latest GMP Signals Ahead Of Opening On August 12

Regaal Resources Ltd. is scheduled to launch its initial public offering (IPO) to raise over Rs 300 crore from the primary market on Tuesday, August 12. Regaal Resources is an agro-processing company that produces products derived from maize. It is headquartered in Kolkata, West Bengal. 

Investors interested in participating in the Regaal Resources IPO can review the following details before submitting their bids. 

According to InvestorGain, the GMP for the Regaal Resources IPO stood at Rs 22 per share as of 11:30 a.m. on August 11. The latest GMP indicates a listing price of Rs 124 per share, a premium of 21.57% over the upper limit of the IPO price band. 

Note: GMP does not represent official data and is based on speculation.

Also Read: BlueStone Jewellery IPO: What Does GMP Signal Ahead Of Opening Today

The mainboard IPO is a book-building issue worth Rs 306 crore. Regaal Resources IPO is a combination of a fresh issue of 2.06 crore shares, worth Rs 210 crore, and an offer-for-sale (OFS) of 94 lakh shares, amounting to Rs 96 crore.

To participate in the IPO subscription, retail investors need to bid for a single lot size of 144 shares, requiring an investment of Rs 13,824.  

The price band for the IPO is set between Rs 96 and Rs 102 per share.

Investors can participate in the IPO subscription from August 12 to August 14. The allotment of shares is proposed to be finalised on August 18. The company will transfer shares to the demat accounts of successful bidders on August 19 and refunds will also be processed on the same day.

Shares of Regaal Resources are likely to be listed on the BSE and NSE on August 20.

Qualified Institutional Buyers (QIBs) will be offered a maximum of 50% of the offer. The company has reserved 35% of the net issue for retail investors and 15% for non-institutional investors (NIIs). 

Pantomath Capital Advisors Pvt. is the book-running lead manager of the Regaal Resources IPO. MUFG Intime India Pvt. is the registrar for the issue.

The company will use proceeds from the IPO to clear debt and for general corporate purposes. 

Regaal Resources is an agro-processing company that manufactures maize starch and starch derivative products. It was founded in 2016 and it started production in 2018.

The company reported a 115.3% year-on-year (YoY) increase in profit after tax (PAT) at Rs 47.67 crore in FY25 from Rs 22.14   crore in FY24. Revenue from operations increased 52.5% YoY to Rs 915.16 crore in FY25 from Rs 600.02 crore in FY24. Total borrowings grew 41.95% YoY to Rs 507.05 crore in FY25 from Rs 357.21 crore in FY24.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.