Regaal Resources Stock Listing: Shares of Regaal Resources made a stellar debut on Dalal Street on Wednesday, August 20, listing at a premium to their issue price.
On the BSE, the stock listed at Rs 141.80, while on the NSE it debuted at Rs 141, against the issue price of Rs 102. This indicates a 38–39 per cent listing gains for investors.
IPO Subscription: Massive demand across categories
The IPO was oversubscribed 159.9 times overall, with heavy participation across categories:
QIBs: 190.9 times
NIIs: 356.7 times
Retail: 57.8 times
Zee Business Managing Editor Anil Singhvi expects the stock to list in the Rs 125–130 range. He advised short-term investors to keep a stop-loss near Rs 115 and trail it thereafter.
IPO Details
The price band was set at Rs 96–102 per share, with a minimum application size of 144 shares (Rs 13,824 for retail investors).
Anchor Investors
Ahead of the IPO, the company raised about Rs 92 crore from anchor investors.
(This story will be updated shortly.)
