Regaal Resources IPO Day 1: Key Updates & Should You Apply?

by Priya Bhatiya

Posted on August 12, 2025

IPO Live Subscription & Key Dates

• IPO Open: August 12, 2025
• IPO Close: August 14, 2025
• Price Band: ₹96–102 per share
• Minimum Lot: 144 shares (₹14,688 at upper band)
• Issue Size: ₹306 crore (Fresh Issue: ₹210 crore, OFS: ₹96 crore)
• Tentative Listing Date: August 20, 2025, on NSE & BSE
• Day 1 Subscription Status: Issue booked at around 25% as of early Day 1.

Grey Market Premium (GMP) & Expected Listing Gains

• Current GMP: ₹20–23 per share (as of August 12, 2025)
• Implied Listing Gain: ≈22% over the upper price band
  • Estimated Listing Price: ₹124 vs. IPO price of ₹102.

Financial Highlights

• FY25 Revenue: ₹917.58 crore
• FY25 Net Profit: ₹47.67 crore
• Growth: Revenue up by 53% year-on-year, profit more than doubled from FY24 to FY25.
• Capacity: Manufactures maize-based products; plant in Bihar with zero liquid discharge, exports to Nepal & Bangladesh.
• Anchor Investors: ₹92 crore raised from mutual funds, insurers, AIFs, and FPIs at ₹102/share.

Expert & Brokerage Views

• Brokerages’ View: Generally positive, with “Subscribe for long term” recommended due to:
  • Strategic plant location
  • Diversified product range
  • Cost efficiencies and government incentives
  • Capacity expansion and entry into higher-margin business lines.

Should You Apply?

Pros:

• Attractive listing gains predicted based on GMP (≈22%)
• Strong growth in revenue and profitability
• Good management and plant location
• Anchor support from reputed institutional investors

Cons:

• IPO is only 25% subscribed as of Day 1; watch for final day subscription surge
• Market trends and GMP can change rapidly
• All investments carry inherent risk; past performance is not a guarantee for the future

Final Take:
If you are looking for short-term listing gains, the current GMP suggests a 20–23% potential upside. For long-term investors, the strong financials, efficient operations, and positive brokerage sentiment provide a confidence boost. However, track subscription momentum and consider your risk appetite before applying.