Regaal Resources has mobilised Rs 92 crore from anchor investors ahead of its IPO, which opens for public subscription on Tuesday. The Kolkata-based maize-based specialty products manufacturer informed the exchanges on Monday that it allotted 89,99,856 equity shares at Rs 102 apiece, including a share premium of Rs 97, to a clutch of institutional investors.
The anchor book saw participation from a diverse mix of domestic and overseas institutions, including Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure, Universal Sompo General Insurance, Zeta Global Funds (OEIC) PCC, and several domestic alternative investment funds (AIFs).
Regaal Resources operates from Kishanganj, Bihar, one of India’s top three maize-growing states, and is among the country’s top 10 maize milling companies by capacity, with an installed crushing capacity of 750 tonnes per day.
Its portfolio includes native maize starch, modified starch, co-products such as gluten, and value-added products like maize flour, icing sugar, and baking powder.
The Rs 306 crore IPO comprises a fresh issue and an offer for sale, with a price band set at Rs 96–102 per share.
Investors can bid for a minimum lot of 144 shares. Of the total issue, up to 50% is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs).
The subscription window will close on Thursday. Tentative allotment is scheduled for August 18, with refunds and credit of shares to demat accounts on August 19. The stock is expected to list on both BSE and NSE on August 20.
Pantomath Capital Advisors and Sumedha Fiscal Services are acting as the book-running lead managers to the issue.
The anchor book saw participation from a diverse mix of domestic and overseas institutions, including Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure, Universal Sompo General Insurance, Zeta Global Funds (OEIC) PCC, and several domestic alternative investment funds (AIFs).
Regaal Resources operates from Kishanganj, Bihar, one of India’s top three maize-growing states, and is among the country’s top 10 maize milling companies by capacity, with an installed crushing capacity of 750 tonnes per day.
Its portfolio includes native maize starch, modified starch, co-products such as gluten, and value-added products like maize flour, icing sugar, and baking powder.
The Rs 306 crore IPO comprises a fresh issue and an offer for sale, with a price band set at Rs 96–102 per share.
Investors can bid for a minimum lot of 144 shares. Of the total issue, up to 50% is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs).
The subscription window will close on Thursday. Tentative allotment is scheduled for August 18, with refunds and credit of shares to demat accounts on August 19. The stock is expected to list on both BSE and NSE on August 20.
Pantomath Capital Advisors and Sumedha Fiscal Services are acting as the book-running lead managers to the issue.
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