Regaal Resources IPO Sees 159.8x Subscription on Final Day; GMP Hits 33.33%
Regaal Resources IPO Grey Market Premium: The grey market premium (GMP) for Regaal Resources Ltd rose to 33.33% on Thursday, up from nearly 29% the previous day, signaling a strong market debut.
The initial public offering of Regaal Resources Ltd, a maize-based speciality products manufacturer, concluded today, Thursday, August 14. The Rs 306-crore IPO was priced at Rs 102 per share. On the final day of bidding, the IPO saw a 159.87x subscription, with bids for 3,35,73,63,312 shares against 2,10,00,379 shares on offer.
Retail investors and non-institutional investors (NII) recorded 57.75x and 356.72x subscriptions, respectively, while qualified institutional buyers (QIBs) subscribed 190.96x.
IPO Price and Lot Size
- Price Band: Rs 102 per share
- Minimum Lot Size: 144 shares, requiring a minimum investment of Rs 13,824 for retail investors.
Key Dates
- IPO Open: August 12–14, 2025
- Share Allotment: Likely August 18, 2025
- Listing Date: Expected on BSE and NSE on August 20, 2025
Grey Market Premium Today
Unlisted shares of Regaal Resources are currently trading at Rs 136, against the IPO price of Rs 102, reflecting a GMP of Rs 34 (33.33%). The GMP, which fluctuates based on market sentiment, indicates investors are willing to pay above the issue price, pointing to a strong listing.
Should Investors Apply?
Most brokerages, including Arihant Capital Markets, BNK Securities, BP Equities, Canara Bank Securities, Reliance Securities, SMIF, Swastika Investmart, and Venture Securities, have recommended ‘subscribe’.
Anand Rathi highlighted in its IPO note:
“Based on FY25 annualised earnings, the company seeks a P/E of 21.9x with a post-issue market cap of approximately Rs 10,477 million, making it fully priced. While operations are capital-intensive and exposed to agri cycles, the strategic location, diversified customer base, and expanding footprint support long-term growth. Hence, we assign a SUBSCRIBE for LONG TERM rating.”
IPO Structure & Company Overview
- Anchor Investors: Rs 92 crore mobilised ahead of IPO
- Issue Composition: Fresh issue of Rs 210 crore + Offer-for-sale of 94.12 lakh shares (Rs 96 crore) by promoters = Rs 306 crore total
- Promoter Stake Post-IPO: ~71% (down from 100%)
- Use of Proceeds: Rs 159 crore for repayment/prepayment of borrowings
Regaal Resources operates a zero liquid discharge maize milling facility, serving clients in food products, paper, animal feed, and adhesives across India, as well as exports to Nepal and Bangladesh.
