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.
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 2.06crore 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 Subscription Status
Regaal Resources' IPO has been subscribed 5.94 times as of 05:00 p.m. on Tuesday.
Qualified Institutions: 2.94 times.
Non-Institutional Buyers: 10.77 times.
Retail Investors: 5.58 times
GMP Implies 24% Listing Gains For Regaal Resources
Regaal Resources's grey market premium is at Rs 25 apiece as of 8:29 p.m, according to data on Investorgain website. The estimated listing price is Rs 127 apiece, which implied 24.51% listing gain from the issue price.
Proceed Utilisation
The company will use proceeds from the IPO to clear debt and for general corporate purposes.
Financials
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.
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