Kolkata’s agri-based company Regal Resources Limited has taken steps for its IPO (Initial Public Offering). The company has filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for this. The IPO will consist of a fresh issue of up to Rs 190 crore and an offer for sale (OFS) of up to nine million equity shares by the promoter.
Uses and Planning of IPO
use of funds
Regal Resources Limited will use the funds from the fresh issue for the following purposes:
- Repayment and prepayment of loan.
- For general corporate purposes.
Chief Manager and Registrar
- Book-Running Lead Manager:
- Pantomath Capital Advisors.
- Sumedha Fiscal Services.
- Registrar: Link Intime India.
listing platform
- It is proposed to list the equity shares of the company on NSE and BSE.
Competition
Regal Resources will compete with listed companies like Sunstar, Gujarat Ambuja Exports, Gulshan Polyols, and Sukhjit Starch & Chemicals.
Company introduction and presentation
company specialty
Regal Resources Limited is a leading producer of maize based products. It includes the following products:
- Starch and special starch.
- Food-grade starch.
- Starch derived products.
Capacity and Revenue
- Production Capacity:
- The installed crushing capacity of the company is 750 tonnes per day.
- Revenue Growth:
- The company’s revenue from operations increased by 22.97% to Rs 600 crore in FY2024.
- This growth was mainly due to increase in sales of manufactured and traded goods.
- Manufacturing Unit:
- Located in Kishanganj, Bihar.
position in the industry
Regal Resources is one of the largest producers of maize-based products in India. It aims to further strengthen its presence in the specialty starch and maize derived products sector.
First IPO of 2025: Standard Glass Lining Technology
Before the launch of Regal Resources’ IPO, the first IPO of the year 2025 will be that of Standard Glass Lining Technology.
- IPO size: Rs 410.05 crore.
- Price band: Rs 133-140 per share.
- Opening date: 6 January 2025.
- Closing date: 8 January 2025.
- Large (anchor) investors can bid on January 3, 2025.
