Why regaal Is Trending Today?

Regaal Resources' Initial Public Offering (IPO) has received significant interest, with a 14.5x subscription on the second day so far. The Grey Market Premium (GMP) has been hinting at potential 31% listing gains. The company aims to become the third-largest player in its sector with its current expansion plan, as stated by its Chairman and Managing Director. On the first day, the IPO was subscribed nearly 6 times, indicating strong investor demand.

Regaal Resources' Initial Public Offering (IPO) opened on August 12, with the company having already raised ₹92 crore from anchor investors. The issue saw overwhelming response, getting subscribed 200% within just 2 hours of launch, and continued to sail through on day 1, indicating a potential 22% listing gain. The price band was set at ₹96-102 per share. Investors are advised to consider the Grey Market Premium (GMP) and other details before making a decision to bid.