ReCaal Resources Market debut: Anil Singhvi forecasts up to 28% return on listing

Reaga Resources Inventory List: Reaga Resources shares will debut on August 20 in exchange between BSE and NSE.

The debut came after strong demand in the Rs 30,06 crore IPO opened from August 12 to 14, and the allocation was completed on August 18.

The question includes a new 2.1 crore rupees and a quotation worth Rs 96 crore.

IPO subscription: a large number of demands across categories

The IPO was ordered in total 159.9 times, with great participation across categories:

QIBS: 190.9 times

NIIS: 356.7 times

Retail: 57.8 times

Zee business executive editor Anil Singhvi expects the stock to be listed in the range of Rs 125-130. He advised short-term investors to keep their losses within the Rs 115 range and then delay.

IPO details

The price band is set to Rs 96-102 per share, with a minimum filing size of 144 shares (Rs 13,824 for retail investors).

Anchor investors

Prior to the IPO, the company raised about Rs 9.2 crore from anchor investors.

(This story will be updated soon.)