Regaal Resources IPO opens on August 12: From price band to lot size and key dates, all you need to know

Regaal Resources IPO will open for public subscription on Tuesday, August 12. The issue will conclude on August 14. The price band has been set at ₹96 to ₹102 per share.

The initial share sale seeks to raise ₹306 crore via a fresh issuance of shares worth ₹210 crore as well as an offer for sale of ₹96 crore.

Under the OFS, promoters Anil Kishorepuria, Shruti Kishorepuria, SRM Pvt Ltd, and BFL Pvt Ltd will be offloading their stake.

The fresh issue proceeds will be utilised for repayment of certain outstanding borrowings and general corporate purposes.

A lot consists of 144 shares. The company has reserved 50% of the net offer for the qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Regaal Resources IPO allotment status is likely to be finalised on August 18. Refunds for not allottees will be initiated on August 19. Shares will also be credited to the Demat account of successful investors on the same day. Listing on the NSE and the BSE will occur on August 20.

Pantomath Capital Advisors Pvt Ltd and Sumedha Fiscal Services Ltd are the issue's book-running lead managers, while MUFG Intime India Pvt Ltd (formerly Link Intime India Pvt Ltd) is the registrar.

Regaal Resources IPO: Highlights

• Regaal Resources IPO dates: August 12 to August 14
• Price band: ₹96 to ₹102 per share
• Issue size: ₹306 crore
• Lot size: 144 shares
• Regaal Resources IPO listing date: August 20

About Regaal Resources

Regaal Resources is among India's leading manufacturers of maize based speciality products, in terms of crushing capacity.

With a total installed crushing capacity of 750 tonnes per day, it manufactures native maize starch and modified starch, co-products and value added products.

It serves domestic and international clients across diverse industries such as food products, animal feed, paper, and adhesives.