Regaal Resources IPO Fully Subscribed On Day One — Check GMP And Other Details

Regaal Resources Ltd.'s initial public offer was fully subscribed within hours of launch on the first day. The portion for retail and non-institutional investors were 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 (OFS) of 94 lakh shares, amounting to Rs 96 crore.

Qualified Institutional Buyers (QIBs) 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 (NIIs). 

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.

• 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 2.06crore 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 and Rs 100 per share.

Regaal Resources' IPO has been subscribed 1.6 times as of 11:45 a.m. on Tuesday.

• Qualified Institutions: 73%

• Non-Institutional Buyers: 2.2 times.

• Retail Investors: 1.8 times

Regaal Resources's grey market premium is at Rs 23 apiece as of 9:00 a.m, according to data on Investorgain website. The estimated listing price is Rs 125 apiece, which implied 22.55% listing gain from the issue price.

The company will use proceeds from the IPO to clear debt and for general corporate purposes. 

The company reported a 115.3% year-on-year (YoY) increase in profit after tax (PAT) at Rs 47.67 crore in FY25 from Rs 22.14   crore in FY24. Revenue from operations increased 52.5% YoY to Rs 915.16 crore in FY25 from Rs 600.02 crore in FY24. Total borrowings grew 41.95% YoY to Rs 507.05 crore in FY25 from Rs 357.21 crore in FY24.