Rechal Resources IPO: Rs 3 billion issuance open on August 12; price band, key details
Regaal Resources IPO: The Kolkata-based Agriculture Company’s IPO specializes in corn-based starch and specialty starch products – Regaal Resources – will open on Tuesday, August 12. The company’s fixed-price band’s public release behavior is 96 rupees to 102 rupees. Stock sales will remain open to subscriptions until August 14, 2025.
The IPO will include a new stock worth Rs 2.1 billion, as well as the stock of the Offered (OFS) stock, which is valued at approximately Rs 9.6 billion and is priced at approximately Rs 9.6 billion. The total issuance size is estimated at Rs 306 crore.
Use of revenue
The company intends to use Rs 159 crore of debt to repay its debt from the new problem. The remaining proceeds will be used for general corporate purposes.
Financial performance
In FY25, operating revenue rose 52.52% to Rs 915.16 crore, compared with Rs 600.2 crore in FY24. After tax profits have more than doubled, from Rs 221.4 crore in the previous year to Rs 4767 crore.
Who is BRLMS, Registered Service Provider
Pantomath Capital Advisors and Sumedha Fiscal Services are the lead managers of bookkeeping and Link Intime India is the registry for the issue. It is recommended to list the company’s stock shares on BSE and NSE.
Business Overview
Recaal Resources produces corn-based starch, specialty starch, food-grade starch and starch derivatives with a crush capacity of 750 tons per day.
