Regaal Resources IPO Lists At 39% Premium, Slides A Bit: Should You Buy, Sell Or Hold? | Markets News
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Regaal Resources Share Price: Regaal Resources shares debuted on Dalal Street with a 39% premium, opening at Rs 141.80 on BSE and Rs 141 on NSE.
Regaal Resources’ shares made a strong debut on Wednesday.
Regaal Resources Share Price: Shares of Regaal Resources made a strong entry on Dalal Street on Wednesday, August 20, listing at a 39% premium following overwhelming investor demand, with the IPO subscribed nearly 160 times.
On the BSE, the stock opened at Rs 141.80 against the issue price of Rs 102, while on the NSE, it debuted at Rs 141.
At noon, the scrip was trading at Rs 135.75 apiece, with a gain of 33.75 per cent, against the previous day close at Rs 141 apiece.
Regaal Resources Shares: Buy, Sell Or Hold?
Narendra Solanki, Head of Fundamental Research, Investment Services at Anand Rathi Shares and Stock Brokers, recommended that investors hold the stock for the long term post listing.
“While the company’s operations are capital-intensive and linked to agri cycles with limited pricing power, its strategic location, strong customer base, and expansion plans support long-term scalability,” he noted.
The mainboard issue opened for subscription between August 12 and August 14. The allotment of Regaal Resources IPO was finalized on Monday, August 18.
Regaal Resources IPO: More Info
The price of the Rs 306-crore IPO has been fixed at Rs 102 per share. On the final day of bidding on Thursday, the issue received a 159.87x subscription, garnering bids for 3,35,73,63,312 shares as against the 2,10,00,379 shares on offer. The retail and NII participation stood at 57.75x and 356.72x, respectively. The QIB category received a 190.96x subscription.
The IPO has a fresh issue of shares worth Rs 210 crore and an offer-for-sale of 94.12 lakh shares valued at Rs 96 crore by promoters, at the upper end of the price band. This aggregates the issue size to Rs 306 crore.
Following the issue, the promoters’ stake will reduce to approximately 71 per cent from 100 per cent.
Of the fresh issue proceeds, Rs 159 crore will go towards repayment or pre-payment of certain borrowings.
Regaal Resources operates a zero liquid discharge maize milling facility catering to customers in food products, paper, animal feed and adhesives across India, and in export markets such as Nepal and Bangladesh.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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