Regal Resources IPO Allotment Status: What You Need to Know
This article discusses the Regal Resources IPO, focusing on its allotment status. We will delve into whether the company’s allotment status will be visible on the registrar’s site today and provide details on the number of applications rejected and the reasons behind it.
Understanding the Allotment Process for Regal Resources IPO
Applicants who submitted their bids for the Regal Resources IPO on August 12th, 13th, or 14th will receive their allotments through a lottery system. To be eligible for allotment, applicants needed to apply at the cut-off price, which was set at ₹12, for 144 equity shares at the upper price band.
Important Dates for Regal Resources IPO
The update regarding the allotment status for the Regal Resources IPO is scheduled for today, August 18th. This means you will receive information on whether you have been allotted shares or not. For those who do not receive an allotment, the refund date is tomorrow, August 19th. Conversely, if you receive an allotment, shares will be credited to your Demat account on August 19th. The company’s shares are set to be listed on both BSE and NSE on August 20th.
Regal Resources IPO Subscription Overview
The company initially offered 1,00,49,832 equity shares. In response, bids were received for a total of 60,63,49,444 equity shares, translating to approximately 4,27,011 lots. Of these, bids made at the cut-off price accounted for 50,16,23,856 equity shares. Based on these cut-off price bids, allotments for approximately 3,48,349 lots will be made through the lottery system. Applications made at the lower price band accounted for 10,47,26,088 shares, corresponding to around 72,72,09 lots. However, these lower-priced applications will not participate in the allotment lottery due to oversubscription, as allotments in such cases are typically made only at the cut-off price. Therefore, only applications for roughly 3,48,349 lots at the cut-off price will be considered for allotment via the lottery system.
Allotment Chances: Retail, Small HNI, and Big HNI Categories
Given the level of IPO subscription and the number of rejected applications, the chances of allotment for retail investors have increased. Approximately one in every 44 retail applications is expected to receive an allotment. In the Small HNI category, about one in 279 applications is likely to receive shares. For the Big HNI category, the probability stands at one in 76 applications.
How to Check Your Regal Resources IPO Allotment Status
To check your Regal Resources IPO allotment status, you will need to visit the company’s registrar’s site. Once on the site, scroll down until you find and select “Regal Resources Limited.” You will then need to enter your PAN number and click “Submit” to view whether you have received an allotment. Based on past trends, if the allotment status is not visible on the registrar’s site by 10-12 PM today, it might become available tomorrow morning between 4-5 AM.
Regal Resources IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Regal Resources IPO is currently trading at ₹24. With an issue price of ₹12, a gain of ₹24 suggests a potential listing price of approximately ₹126. This translates to an estimated listing gain of around 24%, or approximately ₹3,456. This is how its Grey Market Premium is trending according to reports.
