Regaal Resources IPO Lists Today, Grey Market Premium Suggests 30% Gain

Regaal Resources IPO Listing Today: Grey Market Signals 30% Upside.

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 saw a massive 159.87x subscription, highlighting strong investor interest.

Listing Price and Grey Market Premium (GMP)

Unlisted shares are trading at Rs 133 against the IPO price of Rs 102, indicating a GMP of Rs 31 or 30.39% upside, signaling a likely strong debut on the bourses.

Key IPO Highlights

• Total Issue Size: Rs 306 crore
• Fresh Issue: Rs 210 crore
• Offer-for-Sale: Rs 96 crore
• Price Band: Rs 102 per share
• Subscription Details:
• Retail: 57.75x
• NII: 356.72x
• QIB: 190.96x

After the IPO, promoters’ stake will reduce to 71% from 100%, with Rs 159 crore from the fresh issue earmarked for loan repayment.

Company Overview

Regaal Resources runs a zero-liquid discharge maize milling facility, catering to food products, paper, animal feed, and adhesives, with exports to Nepal and Bangladesh. Strong subscription and GMP suggest a bullish listing today.