The grey market premium (GMP) for Regaal Resources shares is currently hovering around Rs 28–29, translating into a potential 28% listing gain over the issue price of Rs 102 per share.
The issue had opened for bidding between August 12–14 and attracted strong demand across categories, with QIBs subscribing 190.96 times, NIIs a massive 356.72 times, and the retail category 57.75 times. The company also raised Rs 91.8 crore from anchor investors ahead of the IPO.
Regaal Resources, incorporated in 2012, manufactures maize starch, modified starch, and co-products like gluten, germ, and fiber.
Its 54-acre zero-liquid-discharge plant in Kishanganj, Bihar, caters to industries such as food, paper, animal feed, and adhesives, with exports to Nepal and Bangladesh.
Financially, the company has delivered strong growth, with revenue rising 53% year-on-year to Rs 917.6 crore in FY25, while profit after tax more than doubled to Rs 47.7 crore.With healthy demand, robust financial performance, and a supportive GMP trend, all eyes are now on Regaal Resources’ listing on Wednesday.
