New Delhi, August 20 (HS): Regaal Resources Ltd, a maize-based products manufacturer, made a stellar debut on the stock exchanges today, handing handsome returns to its IPO investors.
Priced at ₹102 per share under its IPO, the stock listed at ₹141.80 on BSE and ₹141 on NSE, delivering investors an immediate 39% listing gain. Strong buying interest post-listing drove the shares up further to ₹145.70, before profit-booking pulled them down to ₹132. By 11 a.m., amid active trading, Regaal Resources was quoting at ₹135.54, still up 32.88% from the issue price.
The company’s ₹306 crore IPO, open from August 12–14, saw extraordinary investor demand, being subscribed 159.87 times overall. The Qualified Institutional Buyers’ (QIB) portion was booked a massive 190.96 times, the Non-Institutional Investors’ (NII) segment a record 356.72 times, and the Retail Investors’ quota 57.75 times. The issue included a fresh share sale worth ₹210 crore, along with an Offer-for-Sale (OFS) of 94.12 lakh shares of ₹5 face value. Net proceeds are earmarked for debt repayment, working capital funding, and general corporate purposes.
As per its prospectus, Regaal Resources has displayed robust financial growth in recent years. Net profit climbed from ₹16.76 crore in FY 2022–23 to ₹22.14 crore in FY24, and further surged to ₹47.67 crore in FY25. Revenue grew at a remarkable 37% CAGR, reaching ₹917.58 crore. However, borrowings also rose significantly, from ₹188.93 crore in FY23 to ₹357.21 crore in FY24, and further escalating to ₹507.05 crore in FY25.
Despite the rising debt load, the company’s strong earnings trajectory and overwhelming investor interest have fueled a powerful stock market debut, making Regaal Resources one of the standout IPOs of the year so far.
---------------
Hindusthan Samachar / Jun Sarkar
