Regaal Resources IPO, Aug. 14 -- The initial public offering (IPO) of Regaal Resources, which sailed through on the first day of the bidding process, closed today, August 14, amid solid demand from all categories of investors.

Positive brokerage views and firm grey market premium (GMP) contributed to the strong subscription numbers for the Regaal Resources IPO.

Regaal Resources IPO had opened for subscription on August 12 and had sailed through in just about an hour.

Regaal Resources IPO was booked 159.88 times at the end of the third day of the bidding process today. The retail portion of the IPO was subscribed 57.75 times, the non-institutional investor (NII) portion was booked 356.73 times, while the qualified institutional buyer (Q...