Regaal Resources IPO Listing: Shares Debut at 39% Premium, Slip 7% from Opening

Shares of Regaal Resources made their stock market debut on Wednesday with strong listing gains but soon lost momentum.

The stock started strong at ₹141.80 on the BSE and ₹141 on the NSE, much higher than its IPO price of ₹102. But later, it fell to about ₹132, losing almost 7% from the opening price.

Even so, the debut price was above the grey market premium (₹133) expected before listing.

IPO Details

• Issue size: ₹306 crore
• Fresh issue: ₹210 crore
• Offer for sale: ₹96 crore
• Subscription: 150+ times overall
• QIBs: 190.96x
• Non-institutional investors: 356.72x
• Retail investors: 57.75x

Raised ₹91.8 crore from anchor investors before IPO.