Regaal Resources IPO: The ₹ 306 crore IPO of Regal Resources, which makes maize-based products, has opened on August 12. On the very first day of bidding, it has received tremendous response from investors and according to the latest data, it has been subscribed to 1.6 times. Retail investors have subscribed to 1.8 times, the highest 2.2 times in the non-institutional investor (NII) category and 73% reserve quota for qualified institutional buyers (QIB). With the opening of public issue, its GMP has also seen a huge jump. Let us tell you how much is the latest gray market price and whether you should invest in this IPO.
Complete information of Regaal Resources IPO
Price Band: ₹ 96 to ₹ 102 per share.
Issu Size: ₹ 306 Crore.
Minimum Investment: 1A lot of 44 shares will have to invest ₹ 14,688.
Important dates: The IPO will be closed on August 14, the allocation of shares will be held on August 18 and the listing is expected on August 20.
Know what is the opinion of experts about investment?
Experts have taken a positive stance on the IPO of Regal Resources and have advised long -term investors to invest in it. Brokerage firms like Anand Rathi and Angel One have advised to ‘subscribe’ this IPO. He believes that the company’s strong competitive position, low -cost operating strategy and strategic locations make it a good investment for a longer period. However, he also stated that there are some risks such as agricultural cycles and limited power of pricing in the commoditized market. Overall, most analysts consider it a good bet, given the company’s development capacity.
Heavy bounce in GMP
Regal Resources shares are trading at a strong premium in the gray market. Currently, its GMP is ₹ 125 per share, which is about 22.55% higher than its upper price band (₹ 102). Accordingly, you can give good profits on share listing. Let us know that its GMP was very low before the IPO opened. Now there is a premium of ₹ 23 which is indicating a good listing gain.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.