Latest news with #Rs159
Mint
11-08-2025
- Business
- Mint
Regaal Resources IPO opens on August 12: GMP, price band to key dates among 10 top things to know
Regaal Resources IPO: Regaal Resources' initial public offering (IPO) is set to open for subscription tomorrow, August 12. Before the issue opens, here are 10 key things from GMP to price band and important dates that investors must know. Here are the details: The subscription period for Regaal Resources IPO starts on August 12, 2025, and closes on August 14, 2025. On Monday, August 18, 2025, the allocation for the Regaal Resources IPO is expected to be completed. The issue size for Regaal Resources IPO is ₹ 306 crore. The offering comprises an offer for sale of 0.94 crore shares worth ₹ 96 crore, and a fresh issue of 2.06 crore shares, totalling ₹ 210 crore. Regaal Resources' IPO is priced between ₹ 96 and ₹ 102 per share. An application's lot size is 144. Retail individual investors can invest as little as ₹ 13,824 (144 shares). For large NIIs, the lot size investment is 69 lots (9,936 shares), totalling ₹ 10,13,472, while for small NIIs, it is 14 lots (2,016 shares), totalling ₹ 2,05,632. Regaal Resources IPO is slated to be listed on the BSE and NSE on Wednesday, August 20, 2025. Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the Regaal Resources IPO, while MUFG Intime India Private Limited (Link Intime) serves as the registrar. Regal Resources Limited was created in 2012 and has a crushing capacity of 750 tons per day. It manufactures specialty maize products in India. The company plans to use the funds raised from fresh share sale for full or partial repayment and/or prepayment of some outstanding loans secured by the business—Rs159 crore, and for general corporate purposes. Regaal Resources serves a diverse range of customers. However, its top ten customers account for the majority of its sales, and the loss of such customers or a significant decrease in purchases by such customers will have a material negative impact on Regaal Resources' business, results of operations, and financial condition. On August 11, Regaal Resources IPO GMP (Grey Market Premium) stood at +22. This means that Repono shares are selling in the grey market at a ₹ 22 premium over the issue price of ₹ 102. Investors anticipate Regaal Resources shares to be listed at a premium of 21.57%, or ₹ 22, above the upper range of the offering price at ₹ 124.
Express Tribune
24-07-2025
- Business
- Express Tribune
Policy reversal hits solar transition
Listen to article Pakistan's power sector stands at a critical juncture, as a growing mismatch between policy direction and implementation threatens to derail the country's clean energy transition. While the government once championed rooftop solar installations as a long-term solution to rising electricity costs and energy insecurity, it is now reversing course – particularly in the net metering regime – leaving citizens and the business community questioning the state's commitment to renewable energy. Electricity demand in the country hovers around 29,000 megawatts (MW) in peak summer, while the installed generation capacity exceeds 46,000 MW. However, generation remains inefficient due to underutilisation of capacity, poor grid infrastructure, and increasing reliance on imported fuels. Solar energy, once considered a promising alternative, now faces policy obstacles despite contributing around 5% of Pakistan's total electricity generation in 2025. Solar installations, particularly rooftop systems, surged between 2022 and 2024 as households and businesses invested in net metering, lured by generous buyback rates and government incentives. According to official data, net-metered capacity jumped from just over 300 MW in 2021 to 2,813 MW by the end of FY25, with over 280,000 households registered under the scheme. But the government's recent move to slash the buyback rate from Rs27 to Rs10 per unit has sent shockwaves across the solar community. "The solar transition, once seen as a cornerstone of Pakistan's energy future, is now treated like an inconvenience," said Mian Sohail Nisar, Patron-in-Chief of the Pakistan Industrial and Traders Associations Front. "The government encouraged this shift but now refuses to integrate it into the formal power system with a long-term view. This kind of policy inconsistency undermines both investor confidence and public trust." Energy experts argue that the revised net metering policy stems from mounting financial pressure on the national grid. With solar users reducing their dependence on grid electricity and selling surplus power back at high rates, utility companies claim they are struggling to cover fixed infrastructure costs. In 2024 alone, the cost burden shifted onto grid-dependent consumers was estimated at Rs159 billion. Projections suggest this imbalance could rise to over Rs4,000 billion in the next decade if left unchecked. A former power sector official said the problem is not solar energy, it's poor planning. "The government failed to upgrade the distribution network to handle reverse power flows. Now they are blaming solar users for losses that are actually rooted in technical mismanagement and outdated infrastructure." He believes the new gross metering model, which bills users separately for imported and exported electricity, may have merit in principle but has been introduced too abruptly. "Policies like these should be phased in with stakeholder consultation. Instead, we are seeing a knee-jerk reaction to financial strain, which could discourage future investments in clean energy." Consumers who installed solar panels under previous government encouragement feel betrayed. Many invested heavily in hybrid inverters and battery storage, hoping to reduce their dependence on grid electricity and benefit from favourable net metering tariffs. Now, they fear shrinking returns, uncertain billing structures, and even covert replacement of smart meters by distribution companies. The inconsistency in energy policy is not new. Over the past two decades, successive governments have announced ambitious plans, whether for hydropower, LNG terminals, or renewable energy, only to abandon or reverse them due to changing political climates, pressure from utility companies, or International Monetary Fund (IMF)-mandated reforms. Energy analyst Syed Farid Hussain said that the biggest failure is the lack of a unified transition roadmap. "You cannot expect a successful shift to clean energy without aligning grid upgrades, pricing mechanisms, and consumer protection. Piecemeal reforms are not a strategy." He added that with Pakistan's circular debt in the power sector crossing Rs2.6 trillion, pressure is mounting on the state to either raise tariffs or cut losses. Unfortunately, instead of reforming inefficiencies in distribution companies or tackling power theft, the government appears to be placing the burden on solar adopters, those who heeded its own advice, he said. A structural approach is the need of the hour, an approach which cannot be reversed in a couple of years for any reason. "Pakistan does not need policy U-turns; it needs energy clarity. Without that, we risk pushing away the very solutions that could power our future," added Sohail Nisar.
Business Recorder
06-06-2025
- Business
- Business Recorder
Gold soars significantly by Rs4,300/tola in Pakistan
KARACHI: Gold prices soared significantly on Thursday, as world market touched $3,400 per ounce, traders said. Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams. This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Business Recorder
06-06-2025
- Business
- Business Recorder
Gold soars significantly by Rs4,300/tola
KARACHI: Gold prices soared significantly on Thursday, as world market touched $3,400 per ounce, traders said. Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams. This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Business Recorder
05-06-2025
- Business
- Business Recorder
Gold price per tola surges Rs4,300 in Pakistan
Gold prices in Pakistan increased on Thursday in line with their rise in the international market. In the local market, gold price per tola reached Rs358,400 after a surge of Rs4,300 during the day. Similarly, 10-gram gold was sold at Rs307,270 after it gained Rs3,687, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, gold price per tola remained stable at Rs354,100. The international rate of gold also gained on Thursday. The rate was at $3,400 per ounce (with a premium of $20), an increase of $43, as per APGJSA. Meanwhile, silver price per tola increased by Rs159 to settle at Rs3,745.
