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Regaal Resources Stock Listing: Shares of Regaal Resources made a stellar debut on Dalal Street on Wednesday, August 20, listing at a premium to their issue price.

On the BSE, the stock listed at Rs 141.80, while on the NSE it debuted at Rs 141, against the issue price of Rs 102. This indicates a 38–39 per cent listing gains for investors.

However, soon after listing, the stock witnessed profit-booking. It slipped to Rs 135.70 on the BSE, a 4.30 per cent drop from the opening price, and to Rs 135.59 on the NSE, a 3.84 per cent fall.

The IPO was oversubscribed 159.9 times overall, with heavy participation across categories:

QIBs: 190.9 times

NIIs: 356.7 times

Retail: 57.8 times

Zee Business Managing Editor Anil Singhvi expects the stock to list in the Rs 125–130 range. He advised short-term investors to keep a stop-loss near Rs 115 and trail it thereafter.

The price band was set at Rs 96–102 per share, with a minimum application size of 144 shares (Rs 13,824 for retail investors).

Ahead of the IPO, the company raised about Rs 92 crore from anchor investors.

(This story will be updated shortly.)

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Sub-editor at Zee Business English

ankur.gupta@india.com

Gupta is a journalist with a multifaceted reporting background. At Zee Business Digital, he covers a wide range of topics, includ ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.