Regaal Resources IPO subscribed 160x at the end of third day

Regaal Resources IPO: With strong demand from a wide range of investors, Regaal Resources' initial public offering (IPO), which successfully navigated the first day of the bidding process, closed today, August 14. Strong subscription numbers for the Regaal Resources IPO were a result of favorable brokerage opinions and a firm grey market premium (GMP). On August 12, the Regaal Resources IPO went live for subscriptions, and it was completed in around an hour. By the end of the third day of the bidding process today, 159.88 reservations had been made for the Regaal Resources IPO. The initial public offering (IPO) saw 57.75 subscriptions for the retail section, 356.73 bookings for the non-institutional investor (NII) portion, and 190.97 bids for the qualified institutional buyer (QIB) portion.