New Delhi
If you are also thinking of investing money in an Initial public offering i.e. IPO, then there is news of work for you. Next week, many company’s IPOs are opening for investment. One of these is also the issue of Regal Resources Limited. The company’s IPO will open on August 12 for subscription. This issue will be closed on Thursday, August 14. The price for IPO has fixed between Rs 96 and Rs 102 per equity shares. The face value of each share is five rupees.
What is detail
According to the company’s statement, investors can bid for at least 144 equity shares and then bid in multiple of 144 shares. This IPO has both fresh issue and offer for cell. It will sell 94,12,000 equity shares of the company’s promoters and promoter groups. Out of the 210 crore rupees received from issuing new shares, up to Rs 159 crore will be used to pay some debt of the company or make partial payment.
What is going on GMP?
According to Investorgain.com, the Regal Resources is available at a premium of ₹ 22 in the IPO gray market. This means that the company’s shares can be listed at Rs 124. That is, investors can get a profit of up to 22% on the very first day. Let us know that the Regal Resources, headquartered in Kolkata, the capital of West Bengal, is one of the largest manufacturers of maize -based special products in the country. In FY 2024-25, the company’s operational revenue increased by 52.52 percent to Rs 915.16 crore, which was Rs 600.02 crore in the last financial year. In the financial year, the net profit was more than doubled to Rs 47.67 crore, which was Rs 22.14 crore in 2023-24 a year ago.
