The anchor book saw participation in a diverse mix of domestic and overseas institutions, including Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure, Universal Sompo General Insurance, Zeta Global Funds (OEIC) PCC and various domestic investment funds.
Regal Resources works from Kishanganj, Bihar, one of the top three corn-growing states of India, and is one of the top 10 of the top 10 corn milling companies on capacity, with an installed crushing capacity of 750 tons per day.
The portfolio includes native corn starch, modified starch, coproducts such as gluten and products with added value such as corn flour, powdered sugar and baking powder.
The IPO of RS 306 Crore consists of a new problem and an offer for sale, with a price band on RS 96-102 per share.
Investors can offer a minimum of 144 shares. Of the total issue, up to 50% is reserved for qualified institutional buyers (QIBS), 35% for retail investors and 15% for non-institutional investors (NIIS). The subscription window will close on Thursday. Provisional allocation is planned for August 18, with repayments and credit of shares in Demat accounts on 19 August. The shares are expected to mention on both BSE and NSE on 20 August. Pantomath Capital Advisors and Sumedha Fiscal Services act as the book runners for the issue.
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