Blockbuster anticipated for Regaal Resources' Initial Public Offering closing
Regaal Resources Successfully Completes IPO, Raises ₹306 Crore
In a significant move for the Indian agricultural sector, Regaal Resources, a leading maize milling company, successfully completed its Initial Public Offering (IPO) in mid-August 2025. The company offered a total of 3,00,00,235 shares, with a fresh issue of 2,05,88,235 shares and an offer for sale (OFS) of 94,12,000 shares.
The IPO price band was set between ₹96 and ₹102 per share, with a face value of ₹5 each. The IPO opened on August 12, 2025, and closed on August 14, 2025, raising approximately ₹306 crore in total.
Interest in the IPO was immense, with it being oversubscribed about 160 times overall. Retail investors subscribed 57.75 times, non-institutional investors (NIIs) subscribed 356.72 times, and qualified institutional buyers (QIBs) subscribed 190.96 times. Prior to the IPO, anchor investors put in ₹91.8 crore.
The allotment status was finalized and published on August 18, 2025. Shares were credited and refunds initiated on August 19, 2025, with the listing date set for August 20, 2025, on both the BSE and NSE stock exchanges.
Key Details
- Total Shares Offered: Fresh Issue - 2,05,88,235; OFS - 94,12,000
- Price Band: ₹96 – ₹102 per share
- Face Value: ₹5
- IPO Open Date: August 12, 2025
- IPO Close Date: August 14, 2025
- Issue Size: ₹306 crore
- Subscription Rate (Overall): ~160 times
- Subscription Rate (Retail): 57.75 times
- Subscription Rate (NII): 356.72 times
- Subscription Rate (QIB): 190.96 times
- Allotment Date: August 18, 2025
- Refunds and Credit to Demat: August 19, 2025
- Listing Date: August 20, 2025
Regaal Resources boasts a zero liquid discharge maize milling facility in Bihar with a crushing capacity of 750 tonnes per day, serving both domestic and export markets. The proceeds from the fresh issue will be used for repayment and/or pre-payment of certain borrowings amounting to around ₹159 crore.
The IPO also commanded a healthy grey market premium (GMP) of about 25% ahead of listing. Investors can check allotment status via the registrar MUFG Intime or on the BSE and NSE websites by using their PAN, application number, or DP/Client ID.
The promoters of RRL are Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria, and BFL Pvt Ltd. The company's customers include Emami Paper Mills Ltd, Manioca Food Products Private Ltd, Century Pulp & Paper, Kush Proteins Private Ltd, Shri Guru Oil Industries, Mayank Cattle Food Ltd, Aarnav Sales Corporation, AMV Sales Corporation, Eco Tech Papers, Genus Paper Board Private Ltd, Krishna Tissues Private Ltd, Maruti Papers Private Ltd, and Vasu and Sons. Regaal Resources is amongst the top 10 largest maize milling companies in terms of crushing capacity. The diversified anchor book includes domestic mutual funds, domestic insurance companies, NBFC treasuries, AIFs, and foreign portfolio investors. The IPO of Regaal Resources will be listed on both the BSE and NSE.
- Regaal Resources, a prominent maize milling company in India, successfully completed its Initial Public Offering (IPO) in August 2025, raising an approximate total of ₹306 crore.
- The proceeds from the fresh issue of 2,05,88,235 shares will be utilized for repayment and pre-payment of certain borrowings amounting to around ₹159 crore.
- Investors can check their allotment status on the registrar MUFG Intime or on the BSE and NSE websites by using their PAN, application number, or DP/Client ID.
- The IPO commanded a grey market premium (GMP) of about 25% ahead of listing, making it an attractive opportunity for investors in the personal-finance and business sectors.
- Regaal Resources, with a crushing capacity of 750 tonnes per day, serves both domestic and export markets and boasts a diversified customer base including top 10 largest maize milling companies.
