desk
Share
News Topical, Digital Desk : Regaal Resources IPO Listing Today: Regal Resources has made a blockbuster debut in the stock market. It started at a premium of 39 percent in the stock market. Regal Resources shares (BlueStone Jewellery Share Price) were listed on BSE at Rs 141.80. Shares were listed on NSE at Rs 141. The IPO of Rs 306 crore was subscribed 160 times. The price band was fixed at Rs 96 to Rs 102 and the lot size was 144 shares.
The IPO was fully subscribed in just 1 hour
The IPO received bids for 3,35,73,74,544 shares against 2,09,99,664 shares. The issue was fully subscribed within the first hour of its opening. Regal Resources' IPO opened for subscription on August 12 and was fully subscribed in just one hour. The retail portion of the IPO received 57.75 times subscription, the non-institutional investor portion received 356.73 times subscription and the QIB portion received 190.97 times subscription. The company intends to use the funds raised to repay the outstanding debt and also plans for general corporate purposes.
What does the company do? Let us tell you that Regal Resources was established in the year 2012. Regal Resources is a leading manufacturer of maize-based specialty products in India with a crushing capacity of 750 tonnes per day. Regal Resources caters to a wide range of industries including food products, paper, animal feed and adhesives domestically and internationally.
--Advertisement--
