Regaal Resources Limited, headquartered in Kolkata with operations in Kishanganj, Bihar, is a leader in India’s maize-based agro-processing industry. With an impressive crushing capacity of 750 TPD, the company specialises in producing a diverse range of maize-derived products, including native and modified starches, gluten, germ, enriched fibre, and premium food-grade items like maize flour, icing sugar, and baking powder.
In a bid to bolster its financial footing, Regaal Resources filed draft papers with the Securities and Exchange Board of India (SEBI) on 31 December to launch its Initial Public Offering (IPO). The move aims to raise capital primarily for debt reduction while also fuelling its growth ambitions.
Offer-for-sale (OFS) of 90 lakh shares by the company’s promoters. Additionally, the Kishorepuria family-led business may explore a pre-IPO placement of up to ₹38 crore. Should this materialise, the raised amount will be adjusted against the fresh issue, optimising its capital structure.
The company plans to allocate ₹147 crore from the IPO proceeds to significantly reduce its outstanding borrowings, which stood at ₹439.5 crore as of October 2024. The balance will be channelled towards general corporate purposes, enhancing operational efficiency and overall business growth.
Regaal Resources boasts an impressive clientele that includes industry stalwarts such as:
These partnerships affirm the company’s reputation for quality and reliability in the agro-processing domain.
Regaal Resources competes with some of the most established players in the industry, including Sanstar, Gujarat Ambuja Exports, Gulshan Polyols, and Sukhjit Starch and Chemicals, leveraging its innovative product portfolio and operational excellence to carve a niche.
With its IPO on the horizon, Regaal Resources is well-positioned to expand its market presence, reduce debt, and unlock new growth opportunities, cementing its status as a leader in the maize speciality products segment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
