Regaal Resources Files DRHP for IPO, Aims to Raise Rs 190 Crore
By Rediff Money Desk, Kolkata Jan 02, 2025 18:36
Kolkata-based agro company Regaal Resources has filed its DRHP with SEBI for an IPO, aiming to raise Rs 190 crore. The IPO includes a fresh issue and an offer-for-sale.

Illustration: Dominic Xavier/Rediff.com
Kolkata, Jan 2 (PTI) Kolkata-based agro-based company Regaal Resources Ltd has filed its draft red herring prospectus (DRHP) with market regulator SEBI to raise funds through an initial public offering (IPO).
The IPO comprises a fresh issue of shares worth up to Rs 190 crore and an offer-for-sale of up to nine million equity shares by the promoter.
Proceeds from the fresh issue worth Rs 147 crore will be utilised for repayment and pre-payment of borrowings and general corporate purposes.
Regaal Resources, one of the manufacturers of maize-based starch, specialty starches, food-grade starches and starch derivative products in India, has an installed crushing capacity of 750 tonnes per day.
The company reported a revenue from operations increased by 22.97 per cent to Rs 600 crore in FY24, due to an increase in sales of manufactured and traded goods.
Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers, while Link Intime India is the registrar of the issue. The equity shares are proposed to be listed on NSE and BSE.
The IPO comprises a fresh issue of shares worth up to Rs 190 crore and an offer-for-sale of up to nine million equity shares by the promoter.
Proceeds from the fresh issue worth Rs 147 crore will be utilised for repayment and pre-payment of borrowings and general corporate purposes.
Regaal Resources, one of the manufacturers of maize-based starch, specialty starches, food-grade starches and starch derivative products in India, has an installed crushing capacity of 750 tonnes per day.
The company reported a revenue from operations increased by 22.97 per cent to Rs 600 crore in FY24, due to an increase in sales of manufactured and traded goods.
Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers, while Link Intime India is the registrar of the issue. The equity shares are proposed to be listed on NSE and BSE.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Quadrant Televenture
- 0.52 (+ 4.00)
- 12876899
- Vodafone Idea L
- 9.31 ( -1.69)
- 9290676
- Srestha Finvest
- 0.68 ( -1.45)
- 7225138
- Murae Organisor
- 1.85 (+ 4.52)
- 6890263
- Alstone Textiles
- 0.68 ( -5.56)
- 4316635
MORE NEWS
Rolls-Royce Doubles India Sourcing in 5 Years
Rolls-Royce plans to double its supply chain sourcing from India over the next five...

Rupee Hits Record Low of 87.95 Against US Dollar
Indian rupee plunges to a record low of 87.95 against the US dollar in early trade,...

Sensex, Nifty Slump: Tariffs, Outflows Weigh on...
Indian stock markets declined on Monday due to fresh tariffs concerns and continued...