Mumbai, Aug. 14 -- The initial public offer of Regaal Resources received bids for 3,35,73,63,312 shares as against 2,09,99,664 shares on offer, according to stock exchange data at 17:30 IST on Thursday (14 August 2025). The issue was subscribed 159.88 times.

The issue opened for bidding on 12 August 2025 and it will close on 14 August 2025. The price band of the IPO is fixed between Rs 96 and 102 per share. An investor can bid for a minimum of 29 equity shares and in multiples thereof.

The company proposes to utilize the net proceeds from the issue towards repayment and/or prepayment, in full or in part, of its certain outstanding borrowings availed by the company amounting to Rs 159 crore and the balance towards general corporate purpo...