Royalarc Electrodes IPO
Royalarc Electrodes IPO of Rs. 36 crore is a combination of fresh issue and OFS(offer for sale). Company is raising Rs. 21.6 crore via issuing fresh issue of 18 lakh equity shares and promoters are selling 12 lakh equity shares amounting to Rs. 14.40 crore.
Rayalarc Electrodes IPO Timeline
IPO will open to subscribe on Friday, 14 February 2025 and close on Tuesday, 18 February 2025. Allotment will be finalized on wednesday, 19 February 2025. Refund/Credit of shares to dmat account date is Thursday, 20 February and tentative listing date of Royalarc Electrodes IPO is Friday, 21 February 2025.
Price-band & Lot size
Price-band of Royalarc Electrodes IPO is fixed between Rs. 114 to Rs. 120 per equity share. One lot has 1200 shares so at the higher price-band, a retail investor can participate in this IPO with Rs. 1,44,000. In the HNI category, investors can participate with minimum two lot amounting to Rs. 2,88,000 at the higher price-band.
Reservation in Royalarc Electrodes IPO
Not more than 50 percent of the total issue is reserved for Qualified Institutional Buyers, Not less than 35 percent of the net offer is reserved for retail investor and HNI quota in this IPO is not less than 15 percent of the net issue.
Royalarc Electrodes IPO promoters and promoters holding
Bipin Sanghvi, Tarulata Sanghvi, Hardik Sanghvi, and Swagat Sanghvi are the promoters of the company. Promoters holding in this company before this IPO is 99.99 percent but after the completion of this IPO promoters holding in this company will reduce to 72.96 percent.
More About Royalarc Electrodes
Royalarc Electrodes limited, Incorporated in 1996. Company deals in the business of manufacturing welding consumables like welding electrodes, flux cored wire, MIG/TIG wires. Welding Consumables is used for welding tanks, boilers, heavy structures, beams, pipes, cylinders, pressure vessels and more across industries like railways, roadways.
Products
1. Welding Electrodes:- Company is manufacturer of various welding electrodes including mild steel, low hydrogen, stainless steel, hard-facing, cutting and non ferrous types.
2. Flux Cored Wire:- Flux cored arc welding uses for flux cored wires for high deposition rates, joining, wear protection and repair with various sizes and specifications.
3. MIG/TIG Wires:- They are the manufacturer of welding consumables like electrodes, flux-cored wires and MIG/TIG wire. Due to market conditions, it currently trades MIG/TIG wires but may resume manufacturing based on demand.
Financials
Company’s PAT(profit after tax) was Rs. 2.12 crore at the end of the financial year 2022 and revenue stood at Rs. 64.82 crore.
In the Financial year of 2023 company’s revenue and PAT rose to Rs. 98.03 crore and Rs. 9.57 crore respectively and in the recent completed FY 2024 company’s revenue crossed Rs. 100 crore mark and stood at 100.99 crore while PAT stood at Rs. 11.93 crore. Company’s financials is showing a steady growth in the Royalarc Electrodes limited.
Lead Manger and Registrar
Fedex Securities Private Limited is the lead book running manager of Royalarc Electrodes IPO, while registrar of this IPO is Kfin Technologies Limited. Publication of allotment will available on registrar website.
GMP of Royalarc Electrodes IPO
As per the data of investorgain, GMP(Grey Market Premium) of this IPO is zero so there is no any indication of listing gain by GMP. Market is too much volatile now a days so the GMP should not be the only method to judge any IPO.
Disclaimer:
This blog is written only for educational and news purposes, investing in SME IPO is very risky take the independent advice from your financial advisor before investing. Here we are giving the information only about the company’s performance.