Regaal Resources IPO: Today is the second day of the IPO of Kolkata’s Agro-Processing company Regaal Resources. This IPO of ₹ 306 crore has been subscribed to about 10 times in the second day’s dialect. According to data up to 11 am on August 13, the share of non-institutional investors was 21 times more, the quota of retail investors was about 10 times. At the same time, QIBS subscribed to its share of about 3 times. The gray market also saw a tremendous jump in the prices of Regaal Resources shares, indicating a strong listing.
Complete information of Regaal Resources IPO
Price Band: ₹ 96 to ₹ 102 per share.
Issu Size: ₹ 306 crore with a fresh issue of ₹ 210 crore and 94.12 lakh shares ofs.
Lot size: 144 shares, ie, will have to invest at least ₹ 14,688 for bidding.
Important dates: The allotment of shares is likely to be final by August 18. Along with this, there is a listing on stock exchanges on August 20.
Should you apply?
Experts have mixed opinions on whether to apply for the IPO of Regaal Resources:
Anirudh Garg of Invasset PMS says that the Roe and EPS of Regaal is much stronger than the companies of their segment, while the P/E ratio is low. However, he believes that a major debt on the company is a major concern.
Siddharth Maurya of Vibhavangal Anukulakara Private Limited says that this IPO reflects the growing confidence of investors in India’s mid-cap agro-processing industry. Companies like Regaal are in good condition for development as demand for agricultural products increases.
The Anand Rathi brokerage firm has advised investors to subscribe to this issue for a long period. He has described the company’s strategic location, long list of customers and a strong basis for long -term development.
What is going on in the gray market?
According to the data from Inventorgan, unlisted stocks of Regaal Resources are trading at ₹ 125 per share with a premium of about 31.37% at the IPO price. This is much higher than the 18% GMP of the previous week. That is, investors are likely to have a bumper listing gain of about 31% based on the latest GMP.