Regaal Resources’ initial public offering of Rs 306 crore witnessed strong investor demand. The IPO was subscribed 7.17 times on its second day. The grey market indicates a premium of 25% over the issue price. The IPO includes a fresh issue and an offer for sale. Proceeds will be used for debt repayment and corporate purposes.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets