Regaal Resources made a strong debut on bourses buoyed by strong grey market signals and robust subscription demand. The stock slid 5 per cent in early trade as investors seem to have engaged in profit booking soon after listing.
It listed at ₹141.80 on the BSE, marking a 39 per cent premium over its issue price of ₹102, while on the NSE it opened at ₹141, up 38.24 per cent.
At 10:40 am, the shares slipped about 5 per cent to trade near the ₹134 mark.
Strong demand
The ₹306-crore IPO was subscribed 159.88 times on the final day. The bids were led by institutional investors (190.97 times), retail investors (57.75 times), non-institutional investors (356.73 times). The company mobilised ₹92 crore from anchor investors.
The ₹306-crore was a combination of fresh issue of shares worth ₹210 crore and an offer-for-sale of 94.12 lakh shares valued at ₹96 crore by promoters, at the upper end of the price band. The price band was fixed at ₹96-102 per share.
Of the fresh issue proceeds, ₹159 crore will go towards repayment or pre-payment of certain borrowings.
The company manufactures maize specialty products in India, with a crushing capacity of 750 tonne per day.
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Published on August 20, 2025
