Regaal Resources Stock Listing: Shares of Regaal Resources are set to make their Dalal Street debut on August 20, on the exchanges–the BSE and NSE.

The debut follows strong demand in its Rs 306 crore IPO, which was open from August 12–14, with allotments finalised on August 18.

The issue comprised a fresh issue of Rs 210 crore and an offer for sale (OFS) worth Rs 96 crore.

IPO Subscription: Massive demand across categories

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.

IPO Details

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).

Anchor Investors

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

(This story will be updated shortly.)