Regaal Resources IPO GMP Jumps 23% After Massive 159x Subscription; Blockbuster Listing on Cards?

The subscription window for the Regaal Resources IPO finally closed on August 14th after experiencing a record-breaking investor demand. The public issue worth Rs. 306 crore was subscribed 159.62 times by the end of Day 3, making it one of the most oversubscribed IPOs of the year. The IPO, which opened on August 12, consisted of a fresh issue of 2.06 crore shares worth Rs. 210 crore and an offer for sale of 0.94 crore shares worth Rs. 96 crore.

The company has fixed its IPO price band at Rs. 102 per share, with a lot size of 144 shares. Since the demand is very high for this IPO, all eyes are now on the allotment of shares, which is expected to be finalised on August 18, 2025, while the listing on both NSE and BSE is tentatively scheduled for August 20th.

Regaal Resources IPO Subscription On Day 3

According to exchange data, Regaal Resources IPO received an overwhelming response from all investor categories by the end of the third and final day of bidding. The retail investors category subscribed 57.34 times, while the qualified institutional buyers, or QIBs, subscribed 190.96 times, and non-institutional investors bid 356.52 times.

Regaal Resources IPO GMP Currently

The Regaal Resources IPO grey market premium (GMP) stood at Rs. 24 on August 14, 2025 (3:34 PM update). Based on the upper price band of Rs. 102, the estimated listing price is around Rs. 126 per share, indicating a potential 23.53% listing gain for investors.

Brokerage Houses Bullish on Regaal Resources IPO

Analyst sentiment remains positive. According to Anand Rathi Research, the company is seeking a P/E multiple of 21.9x based on annualised FY25 earnings, with a post-issue market cap of about Rs. 1,047.7 crore.

"While the issue appears fully priced, the company's strategic location, diversified customer base, and expanding footprint offer strong growth potential. Given the capital-intensive nature of operations, exposure to agri cycles, and limited pricing power in a commoditised market, we still recommend a 'Subscribe for Long Term' rating," the brokerage noted.

Canara Bank Securities in its report said, "The Company has demonstrated strong financial performance, with revenue increasing from ₹488 crore in FY23 to ₹915 crore in FY25, reflecting a robust CAGR of 36.95%. Profit After Tax (PAT) has grown from ₹17 crore to ₹48 crore over the same period, registering an impressive CAGR of 68.66%. Strategically located in one of India's key maize-producing regions, the company benefits from significant procurement and logistical advantages."

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