The , offered at a price band of Rs. 96 – Rs. 102 per share with a lot size of 144 shares, witnessed massive demand from investors. The issue opened on August 12 and closed on August 14, receiving bids for 3.35 billion shares against the 2.09 crore shares on offer.
Market experts are analyzing the Regaal Resources IPO GMP to predict listing performance. This resulted in an overall subscription of 159.88 times, which makes it one of the top in recent times.
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Non-Institutional Investors (NIIs): Oversubscribed 356.73 times.
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Qualified Institutional Buyer (QIB): Oversubscribed 190.94 times.
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Retail Investors: Oversubscribed 57.75 times.
The overwhelming demand signifies investor confidence in the company’s future business prospects and position within the industry.
