Regaal Resources IPO
Bluestone is an aggressive, tech-savvy player showing compelling growth and margins—but it still needs to prove profitability and efficient execution of its expansion plan. Kalyan, in contrast, is a safer bet with stability and track record—but its IPO price in 2021 was arguably steep relative to fuRead more
Bluestone is an aggressive, tech-savvy player showing compelling growth and margins—but it still needs to prove profitability and efficient execution of its expansion plan.
Kalyan, in contrast, is a safer bet with stability and track record—but its IPO price in 2021 was arguably steep relative to fundamentals.
Depending on your investment preference:
Go for Bluestone if you’re willing to back growth and digital transformation, willing to take on execution and liquidity risk.
Prefer Kalyan if you prioritize stability, brand strength, and profitability.
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IPO Overview & Key Details Price Band: ₹96 to ₹102 per share Issue Size: ₹306 crore total, comprising a fresh issue of ₹210 crore and an offer for sale (OFS) of ₹96 crore Lot Size: 144 shares — minimum investment is around ₹13,824–₹14,688 Timeline: Subscription window: August 12–14, 2025 AllotmeRead more
IPO Overview & Key Details
Price Band: ₹96 to ₹102 per share
Issue Size: ₹306 crore total, comprising a fresh issue of ₹210 crore and an offer for sale (OFS) of ₹96 crore
Lot Size: 144 shares — minimum investment is around ₹13,824–₹14,688
Timeline: Subscription window: August 12–14, 2025
Allotment date: August 18, 2025
Refunds and share credit: August 19, 2025
Listing on BSE & NSE: August 20, 2025
Use of Funds: ₹159 crore for debt repayment; balance for general corporate purposes
Financial Health & Operational Snapshot
FY25 Performance:
Revenue: ₹915.16 crore — up ~52–53% from ~₹600 crore in FY24
Net Profit (PAT): ₹47.67 crore — more than doubled from ₹22.14 crore in FY24
Strengths: Strategically located manufacturing unit in Kishanganj, Bihar (zero liquid discharge, 750 tpd capacity)
Diversified product portfolio: maize-based starches, derivatives, food-grade items, etc.
Established distribution network; exports to Nepal and Bangladesh
Risks: High dependence on top 10 customers and suppliers; raw material supply not contractually tracked
Significant debt levels e.g., total borrowings ~₹507 crore vs net worth ~₹235 crore; raising leverage concerns
Is the Company Profitable?
Yes, Regaal Resources is profitable. As of FY25, the company reported a net profit (PAT) of ₹47.67 crore, significantly up from ₹22.14 crore in FY24 — indicating robust growth .
Verified Current Debt Status
As of June 2025, the company’s total sanctioned debt stands at approximately ₹873.46 crore, out of which ₹561.15 crore are outstanding dues (i.e., the debt amounts currently payable) .
Comparison with Total Assets
The latest audited total assets figure is from March 2024, when it was reported at ₹511.46 crore .
Since there’s no newer audited figure available in the public domain (e.g., the RHP does not disclose updated asset data)
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