Regaal Resources has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of shares worth up to Rs 190 crore and an offer-for-sale of up to nine million equity shares by the promoter.
Proceeds from the fresh issue worth Rs 147 crore will be utilised for repayment and pre-payment of borrowings and general corporate purposes. Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers of the issue. The shares of the company are proposed to be listed on the NSE and BSE.
Regaal Resources, one of the manufacturers of maize-based starch, specialty starches, food-grade starches and starch derivative products in India, has an installed crushing capacity of 750 tonnes per day.
| Company Name | CMP |
|---|---|
| Venkys India | 1578.65 |
| Mangalam Global Ent | 14.00 |
| Kaveri Seed | 988.40 |
| Regaal Resources | 84.95 |
| Simran Farms | 165.05 |
| View more.. | |
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