Regaal Resources Ltd IPO
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Regaal Resources Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 300 L | ₹ 94.12 L | ₹ 105 L | ₹ 817.76 L | BSE | ₹ 306 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Aug, 25 | 14 Aug, 25 | 144 | ₹ 13,824 | Book Building | 20 Aug, 25 |
Regaal Resources Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 76.39x | 15000118 | 1145789712 |
| NII | 356.72x | 4500035 | 1605243888 |
| Retail | 57.75x | 10500082 | 606340944 |
| Employee | 0x | 0 | 0 |
| Total | 111.91x | 30000235 | 3357374544 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Regaal Resources Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 77.86 | 37.95 | 30.15 |
| EBITDA | 91.92 | 46.78 | 37.70 |
| PAT | 47.67 | 22.14 | 16.76 |
| Total Assets | 379.61 | 235.76 | 126.11 |
| Share Capital | 41.07 | 9.59 | 9.59 |
| Total Borrowings | 488.71 | 242.86 | 165.02 |
| Operating Activities (Net Cash) | 61.73 | 30.97 | 24.31 |
| Investing Activities (Net Cash) | -69.24 | -37.62 | -43.71 |
| Financing Activities (Net Cash) | 488.71 | 242.86 | 165.02 |
| Net Cashflow | 53.79 | 19.78 | 0.09 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Regaal Resources Ltd
Our Company was originally incorporated as `Regal Resources Private Limited', at Kolkata as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC on January 02, 2012. Subsequently, pursuant to a special resolution passed by the Shareholders of our Company on October 10, 2015, the name of our Company was changed to `Regaal Resources Private Limited' and a fresh certificate of incorporation dated October 26, 2015 was issued to our Company by the RoC. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders of our Company on November 10, 2021 and the name of our Company was changed to `Regaal Resources Limited' and a fresh certificate of incorporation dated March 30, 2022 was issued to our Company by RoC.
According to F&S Report, maize is the largest crop in the Feed grain segment in India. Around 80-83% of Maize in India is cultivated in Kharif season and remaining 17-20% is grown in Rabi. Maize starch Co- Products market in India was around 1.31 million tons in 2024 which is valued up to USD 570 Million. The global Native Maize Starch market is projected to register a growth of CAGR 3.65 % during 2024-2029. The Global Native Maize Starch market was valued at USD 30,818 Million in 2024 and is expected to reach USD 36,874 Million by 2029.
Our Company is headquartered in Kolkata and our manufacturing plant with zero liquid discharge (ZLD) maize milling plant (Manufacturing Facility) spread across 54.03 acres is located in Kishanganj, Bihar. We cater to domestic and international customers across diverse industries including food products, paper, animal feed, and adhesives. Our 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. We have over the years augmented our operations and undertaken multiple capacity expansions.
Peer Comparison:
- Regaal Resources Limited
- Sanstar Limited
- Gujarat Ambuja Exports Limited
- Gulshan Polyols Limited
- Sukhjit Starch and Chemicals Limited
Regaal Resources Ltd IPO Key Points
Strengths
- Strategic locational advantage of our Manufacturing Facility close to raw material and end consumption markets.
- Efficient procurement strategy aided by multifaceted raw material sourcing avenues.
- Sustainability driven Manufacturing Facility with high levels of utilization.
- Diversified portfolio of products catering to wide range of industries and well positioned to take advantage of growing industry trends.
- Established and widespread sales and distribution network.
Risk
- We cater to diverse set of customers, however, our top 10 customers contribute a majority of our sales, and the loss of such customers or a substantial reduction in purchases by such customers will have a material adverse impact on our business, results of operations and financial condition.
- Purchase of maize from our top 10 vendors constitute more than 83% of our total purchase of maize, in each of the financial periods disclosed, and we typically do not enter into long-term contracts or arrangements with such vendors. Any loss of such vendors/suppliers or any increase in the price could have adverse impact on our business and our revenue.
- The primary raw material required for the manufacturing our products i.e., maize, is seasonal in nature. While our Manufacturing Facility is located in the maize-growing belt, any delays, interruptions or reduction in the supply of raw material to manufacture our products and any abrupt fluctuations in the prices of our raw material may adversely affect the pricing of our products and may have an impact on our business, results of operation, financial condition and cash flows.
Strategy
- Increasing our manufacturing capacity by undertaking brownfield expansion.
- Deleveraging our balance sheet by paring debt.
- Commence manufacturing derivative products and further broad-basing our product range of modified starches.
- Increasing domestic reach and international footprint.
- Developing our white labelling business.
- Strategic locational advantage of our Manufacturing Facility close to raw material and end consumption markets.
- Efficient procurement strategy aided by multifaceted raw material sourcing avenues.
- Sustainability driven Manufacturing Facility with high levels of utilization.
- Diversified portfolio of products catering to wide range of industries and well positioned to take advantage of growing industry trends.
- Established and widespread sales and distribution network.
How To Apply for Regaal Resources Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
