.png){kind=logo}
The Regaal Resources IPO has generated strong investor interest ahead of its listing. Regaal Resources Ltd made a strong debut on Dalal Street as it rewarded investors with significant listing gains. The maize-based specialty products manufacturer opened nearly 39% above issue price on both NSE and BSE, easily exceeding grey market expectations.
The Regaal Resources Share Price will be closely monitored post-listing for growth trends. On the NSE, shares of Regaal Resources opened at Rs. 141 per share, a premium of 38.2% over the issue price of Rs. 102. The listing on the BSE was even stronger, at Rs. 141.8, marking a 39% jump.
Investors are eager to check the Regaal Resources IPO Allotment Status to confirm their bids. However, after such a strong debut, profit-taking pulled the stock back quickly, and it eased back to Rs. 136, or about 4% off the listing price, but well above the IPO price.
Grey market trends highlight the Regaal Resources IPO GMP as a key indicator of listing gains. The listing surpassed grey market premium (GMP) projections, which had suggested a price around Rs. 131, or about 28% higher than the issue price.
Regaal Resources’ IPO had already created waves in the primary market, garnering an overwhelming 160 times subscription. According to exchange data:
The Qualified Institutional Buyers (QIBs) category was subscribed to 191 times.
The Non-Institutional Investors (NIIs) portion soared to 356.7 times, and
The Retail Individual Investors (RIIs) segment received 57.7 times the bids.
With strong fundamentals, Regaal Resources is positioning itself for long-term expansion. Such massive investor appetite reflected confidence in the company’s growth prospects and sector positioning.
The company raised Rs. 306 crore from the IPO, which consisted of a fresh issue of 2.06 crore shares with an approximate value of Rs. 210 crore, and the OFS of 94 lakh shares estimated at Rs. 96 crore.
The price band was fixed between Rs. 96 and Rs. 102 per share. Proceeds from the fresh issue will be used primarily for:
Repayment or prepayment of debt
General corporate purposes.
The issue was managed by Pantomath Capital Advisors and Sumedha Fiscal Services, with MUFG Intime India acting as the registrar.
Also Read: Regaal Resources IPO Allotment Today: Check Status, GMP, and Listing Date
Regaal Resources, which is located in Kolkata, operates a maize milling plant in Kishanganj, Bihar, located in proximity to areas where maize is cultivated to minimize raw material sourcing, and distributes maize flour to several industries, including food processing, paper manufacturing, adhesives, and animal feed, both nationally and internationally.
Regaal Resources has a current crushing capacity of 750 tonnes per day (TPD) and plans to expand the capacity to 1,650 TPD, which would make it among the largest producers in India.
At almost 39% above the issue price, Regaal Resources has given its investors a great return on listing. While the stock cooled off a little after listing, analysts still think the company's strong fundamentals, plans to expand capacity, and strong demand for maize-related products put the company on a solid long-term growth path.
