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Regal Resources is operating from Kishanganj, Bihar, one of the top three maize states in India, and is one of the top 10 maize milling companies in the country by capacity, with 750 tonnes of crushing capacity a day.
Its portfolio includes value raised products such as original corn starch, modified starch, gluten, and corn flour, icing sugar and baking powder.
The 306 crore IPO includes a new problem and offer for sale, including Rs. The price band is set at 96-1020.
Investors can bid for at least 144 stocks. Out of the total issue, up to 50% of the eligible institutional buyers (QIB), 35% for retail investors and 15% for non-institutional investors (NIIs) are reserved.
The subscription window will close on Thursday. Temporary allocation is scheduled on 18 August Gust, with a refund and share credit to demat accounts on August 19. Shares are expected to list on both the BSE and the NSE on August 20.
Pentomath Capital Advisors and Good financial services are working as lead managers running a book on this issue.
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