Regaal Resources IPO to List Today: Grey Market Premium Signals 30% Jump.
Shares of Regaal Resources Ltd are set to list on the BSE and NSE today, August 20, at 10:00 am. The maize-based speciality products manufacturer’s IPO received an overwhelming 159.87x subscription on the final day of bidding, reflecting strong investor demand.
Listing Price Prediction and GMP
Market observers report that unlisted shares of Regaal Resources are trading at Rs 133 against the IPO’s upper price of Rs 102, indicating a grey market premium (GMP) of Rs 31, or 30.39% over the issue price. The GMP reflects investors’ willingness to pay above the issue price, suggesting a strong debut on the bourses.
IPO Details
- IPO Size: Rs 306 crore
- Fresh Issue: Rs 210 crore
- Offer-for-sale: 94.12 lakh shares worth Rs 96 crore
- Price Band: Rs 102 per share
Subscription:
Overall: 159.87x
Retail: 57.75x
NII: 356.72x
QIB: 190.96x
Post-IPO, promoters’ stake will reduce from 100% to approximately 71%, with Rs 159 crore of the fresh issue proceeds used for repayment or pre-payment of borrowings.
About Regaal Resources
Regaal Resources operates a zero-liquid discharge maize milling facility, serving clients across food products, paper, animal feed, and adhesives in India and exports to Nepal and Bangladesh. The company’s strong fundamentals and robust subscription indicate a promising listing performance today.
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