Regaal Resources IPO Allotment Status: The basis of allotment of the Regaal Resources IPO is set to be finalised today, Monday, August 18. The allotment status can be checked on the websites of the BSE,
the NSE and registrar Link Intime.
The initial public offering of Regaal Resources Ltd, which is a maize-based speciality product manufacturer, received a 159.87x subscription on the final day of bidding on Thursday. Now, investors are awaiting its allotment.
Regaal Resources IPO: How To Check Allotment Status Online On BSE
The Regaal Resources IPO allotment will most likely take place in the evening today, August 18. Once finalised, the allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Regaal Resources Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
On MUFG Intime India’s Portal
You can also visit directly on the registrar Link Intime’s portal — https://in.mpms.mufg.com/Initial_Offer/public-issues.html and check the Regaal Resources IPO allotment status.
On NSE’s Website
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Regaal Resources IPO Listing Date: When Will NSDL IPO Shares Be Listed?
The shares of Regaal Resources Ltd will be listed on both BSE and NSE on August 20.
Regaal Resources IPO GMP Today
According to market observers, unlisted shares of Regaal Resources Ltd are currently trading at Rs 128 against the upper IPO price of Rs 517. It means a grey market premium or GMP of Rs 26, which is 25.49% over its issue price, indicating a strong listing for the issue.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Regaal Resources IPO: More Info
The price of the Rs 306-crore IPO has been fixed at Rs 102 per share. On the final day of bidding on Thursday, the issue received a 159.87x subscription, garnering bids for 3,35,73,63,312 shares as against the 2,10,00,379 shares on offer. The retail and NII participation stood at 57.75x and 356.72x, respectively. The QIB category received a 190.96x subscription.
Regaal Resources Ltd on Monday mobilised around Rs 92 crore from anchor investors, ahead of the IPO.
The IPO has a fresh issue of shares worth Rs 210 crore and an offer-for-sale of 94.12 lakh shares valued at Rs 96 crore by promoters, at the upper end of the price band. This aggregates the issue size to Rs 306 crore.
Following the issue, the promoters’ stake will reduce to approximately 71 per cent from 100 per cent.
Of the fresh issue proceeds, Rs 159 crore will go towards repayment or pre-payment of certain borrowings.
Regaal Resources operates a zero liquid discharge maize milling facility catering to customers in food products, paper, animal feed and adhesives across India, and in export markets such as Nepal and Bangladesh.
