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Regaal Resources IPO Subscribed 26 Times On Day 2, Check GMP

The price band is set at Rs 96 to Rs 100 per share.

Ananya Chaudhuri

The mainboard IPO is a book-building issue worth Rs 306 crore. (Photo Source: regaalresources.com)

Regaal Resources Ltd.'s initial public offer was subscribed 26.4 times on the second day on Wednesday.

The IPO was fully subscribed within hours of launch on the first day. The portion for retail and non-institutional investors was overbooked.

The mainboard IPO is a book-building issue worth Rs 306 crore. Regaal Resources IPO is a combination of a fresh issue of 2.06 crore shares worth Rs 210 crore and an offer for sale of 94 lakh shares, amounting to Rs 96 crore. The price band is set at Rs 96 to Rs 100 per share.

Qualified institutional buyers will be offered a maximum of 50% of the offer. The company has reserved 35% of the net issue for retail investors and 15% for non-institutional investors.

Pantomath Capital Advisors Pvt. is the book-running lead manager of the Regaal Resources IPO. MUFG Intime India Pvt. is the registrar for the issue.

IPO Details 

  • Issue opens: Aug. 12.

  • Issue closes: Aug. 14.

  • IPO allotment date: Aug. 18.

  • Issue type: Book-building issue.

  • Issue size: Rs 306 crore.

  • Fresh issue: Comprises 2.06 crore shares, worth Rs 210 crore.

  • Offer for sale: Comprises 94 lakh shares, amounting to Rs 96 crore.

  • Lot size: 144 shares.

  • Price band: Rs 96 to Rs 100 per share.

Also Read: JSW Cement IPO: Check Listing Date And Latest GMP Ahead Of Market Debut This Week

Regaal Resources Day 3 Subscription Status 

Regaal Resources' IPO has been subscribed 26.4 times as of 5:00 p.m. on Wednesday.

  • Qualified Institutions: 3.36 times.

  • Non-Institutional Buyers: 67.76 times.

  • Retail Investors: 21.85 times

Regaal Resources GMP Today

Regaal Resources' grey market premium is at Rs 30 apiece as of 4:34 p.m., according to data on the InvestorGain website. The estimated listing price is Rs 132 apiece, which implies a 29.41% listing gain from the issue price.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisers and read red herring prospectus thoroughly before placing bids.

Also Read: Regaal Resources Aiming To Become Third Largest With Current Expansion Plan, Says CMD And Director

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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