Regaal Resources IPO: A Comprehensive Guide to Allotment Date, Status Check, and Latest GMP Updates
The initial public offering (IPO) of Regaal Resources has garnered significant attention from investors, with the issue being oversubscribed 159.88 times on the third and final day of bidding on August 14. In this article, we will provide a detailed guide on how to check the allotment status, the expected allotment date, and the latest Grey Market Premium (GMP) updates.
Regaal Resources IPO: An Overview
The Regaal Resources IPO was a book-building issue worth Rs 306 crore, comprising a fresh issuance of 2.06 crore shares, worth Rs 210 crore, and an offer-for-sale (OFS) of 94 lakh shares, aggregating to Rs 96 crore. The price band for the IPO was fixed between Rs 96 and Rs 102 per share.
IPO Subscription Status
The IPO received bids for more than 335.73 crore shares against 2.09 crore shares on offer. The Qualified Institutional Buyers (QIBs) booked their category 190.97 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 356.73 times. The retail portion was booked 57.75 times, indicating a strong demand from individual investors.
Expected Allotment Date and Refund Process
The share allotment status of Regaal Resources Ltd. is expected to be finalized by the company on August 18. The company will process refunds for non-allottees on August 19, and shares will be transferred to the Demat accounts of the allottees on the same day.
How to Check Allotment Status
Investors who participated in the IPO can check the allotment status on the websites of BSE, NSE, and the issue registrar, MUFG Intime India (formerly Link Intime). Here are the steps to check the allotment status on each platform:
BSE
- Go to the BSE IPO allotment page here.
- Select the issue type as “Equity”.
- Choose “Regaal Resources Ltd.” from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Complete the “Captcha” verification.
- Click on the “Search” button to view your allotment status.
NSE
- Visit the IPO allotment page on the NSE website here.
- Select “Equity & SME IPO bid details”.
- Select the company symbol “REGAAL” from the dropdown list for issue symbols.
- Enter PAN details and Application Number.
- Click on the “Submit” button to check the share allotment details.
MUFG Intime India
- Visit the IPO allotment page on the issue registrar’s official website here.
- Select “Regaal Resources Ltd.” from the drop-down menu for company names.
- Choose any of these options: PAN, Application Number, DP/Client ID, or Account No / IFSC.
- Enter the details as per your selection.
- Click on the “Submit” button to check the details.
Listing Date and Latest GMP Updates
Shares of Regaal Resources are tentatively scheduled to be listed on the BSE and NSE on Wednesday, August 20. According to InvestorGain, the GMP for the Regaal Resources IPO stood at Rs 24 as of 8:00 a.m. on August 15, indicating a listing price of Rs 126 apiece at a premium of 23.53% over the upper limit of the IPO price band.
About Regaal Resources
Regaal Resources is an agro-processing company that manufactures maize starch and starch derivative products. The company will use the proceeds from the IPO to clear debt and for general corporate purposes.
Investment Risks and Disclaimer
Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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