Regaal Resources, a manufacturer of maize specialty products, has concluded its Initial Public Offering (IPO) with remarkable success, witnessing an overall subscription of 159.87 times. The Rs 306-crore public issue has garnered extraordinary interest across various investor categories, marking a significant milestone for the company.

Subscription Details

The IPO's allotment has been finalized, revealing impressive subscription figures across different investor segments:

This overwhelming response underscores the strong investor confidence in Regaal Resources' business model and growth prospects.

Anchor Investment and Grey Market Premium

Prior to the public issue, Regaal Resources successfully raised Rs 91.8 crore from anchor investors, further solidifying the IPO's foundation. The company's shares are currently commanding a grey market premium of 25%, indicating positive sentiment among investors ahead of its listing.

Listing Date

Regaal Resources is scheduled to make its debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 20.

Company Overview

Regaal Resources specializes in the manufacture of maize specialty products, boasting a substantial crushing capacity of 750 tonnes per day. The company has established a strong client base, serving notable names in the paper industry, including:

• Emami Paper Mills
• Century Pulp & Paper
• Genus Paper Board

Additionally, Regaal Resources has expanded its reach beyond Indian borders, with exports to Nepal and Bangladesh.

Financial Performance

The company's financial trajectory has been impressive:

• Revenues: Rs 917.6 crore, marking a 53% increase
• Net Profit: Rs 47.7 crore, more than doubling from the previous year

This robust financial growth has likely contributed to the strong investor interest in the IPO.

The successful completion of Regaal Resources' IPO, coupled with its strong subscription rates across investor categories, positions the company for an exciting next phase as it transitions to being a publicly-traded entity. The upcoming listing on August 20 will be closely watched by investors and market analysts alike.

Regaal Resources, India's second-largest maize-based specialty products producer in eastern India, has witnessed a robust response to its Initial Public Offering (IPO). The Rs 306 crore IPO has been oversubscribed 26.93 times, reflecting strong investor interest across various categories.

Subscription Details

The IPO garnered significant attention from different investor segments:

• Non-Institutional Investors (NII): Led the subscription race with a remarkable 68.41 times oversubscription.
• Retail Individual Investors (RII): Showed strong interest with 22.63 times oversubscription.
• Qualified Institutional Buyers (QIB): Subscribed 3.36 times their allotted portion.

Grey Market Premium

The enthusiasm for Regaal Resources' shares is evident in the grey market as well. The IPO is currently trading at a premium of 27% over the issue price of Rs 102 per share, indicating positive sentiment among investors.

IPO Details

• Total IPO Size: Rs 306 crore
• Fresh Equity: Rs 210 crore for business expansion
• Offer for Sale: Rs 96 crore by promoters
• Issue Price: Rs 102 per share

Company Overview

Regaal Resources holds a prominent position in the maize-based specialty products industry:

• Second-largest producer in eastern India
• Daily milling capacity of 750 tonnes

Financial Performance

The company has demonstrated strong financial growth:

Utilization of IPO Proceeds

The funds raised through the IPO will be primarily used for:

1. Repayment of Rs 159 crore debt
2. General corporate purposes

Listing Details

Regaal Resources is scheduled to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The strong oversubscription and grey market premium suggest a positive investor outlook for Regaal Resources. However, investors should conduct their own research and consider market risks before making investment decisions.