The first day of bidding for the Regaal Resources Limited IPO saw overwhelming investor interest, with the offering subscribed nearly six times over. Stock exchange data shows that the issue received bids for 12.47 crore shares against the 2.09 crore shares available. The IPO, priced in the range of ₹96 to ₹102 per share, opened on August 12 and will remain open until August 14.
Investor participation was robust across categories. The non-institutional investor segment recorded a remarkable 10.77 times subscription, while retail investors subscribed 5.58 times. Qualified Institutional Buyers were more measured but still showed solid interest, subscribing 2.94 times. This early momentum signals strong market confidence in the company’s growth prospects and business fundamentals.
A day before the IPO launch, the company raised ₹91.80 crore through its anchor book. Notable institutional investors participating in this round included Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure Limited, and Universal Sompo. Their early commitment is seen as a vote of confidence in Regaal Resources’ market positioning and future potential.
Regaal Resources operates in the manufacturing of maize-based specialty products. Its portfolio includes native maize starch, modified starch, maize flour, custard powder, baking powder, and co-products like gluten, germ, and enriched fibre.
The company caters to a range of industries, and its diversified product line offers resilience against demand fluctuations in any single segment.
Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services are acting as the book-running lead managers for the issue, with MUFG Intime India Private Limited as the registrar. The funds raised from the IPO will be instrumental in fueling the company’s expansion plans and strengthening its market presence.
Given the strong first-day performance, market analysts expect the IPO to close with heavy oversubscription. If this trend continues, Regaal Resources could join the list of recent debutants that have made a strong impression on Dalal Street. Investors are now closely watching for final subscription numbers and the eventual listing performance, which will indicate whether the bullish sentiment carries over into post-listing trading.
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