Regaal Resources, a leading manufacturer of maize starch and related products, made a strong market debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, following its highly successful initial public offering (IPO).

IPO Performance

The company's Rs 306 crore IPO, which comprised a fresh issue of Rs 210 crore and an offer for sale of Rs 96 crore, garnered overwhelming investor interest. The issue was oversubscribed by more than 150 times, reflecting strong market confidence in Regaal Resources' business model and growth prospects.

Subscription Details

The IPO saw robust demand across all investor categories:

Grey Market Premium and Listing Expectations

The grey market premium for Regaal Resources stands at Rs 28-29, indicating a potential 28% listing gain over the issue price of Rs 102 per share. This suggests a strong market sentiment and expectations of a positive listing day performance.

Company Overview

Established in 2012, Regaal Resources operates a 54-acre manufacturing facility in Bihar, producing maize starch, modified starch, and various co-products. The company caters to diverse industries, including food, paper, animal feed, and adhesives, with a growing export presence in Nepal and Bangladesh.

Financial Performance

Regaal Resources has demonstrated strong financial growth:

Anchor Investment

Prior to the IPO, Regaal Resources successfully raised Rs 91.8 crore from anchor investors, further validating the company's market appeal and growth potential.

As Regaal Resources begins its journey as a publicly traded company, investors and market watchers will be closely monitoring its performance in the coming days and weeks.

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.