Regaal Resources IPO Opens Today with ₹306 Crore Issue Size
Regaal Resources' initial public offering commenced subscription today, priced between ₹96-102 per share. The maize-based specialty manufacturer aims to raise ₹306 crore at the upper price band, comprising a fresh issue of ₹210 crore and an offer-for-sale of 9.4 million shares by promoters.
Anchor investors already committed ₹91.8 crore ahead of the IPO, with participation from Taurus Mutual Fund, Meru Investment Fund, and Universal Sompo General Insurance among others. Proceeds will primarily service existing debt, with 35% of shares reserved for retail investors.