Royalarc Electrodes IPO subscribed 1.06 times overall on the last day, a retail quota was subscribed over 2.2 times, NII was subscribed over 0.92 times, and QIB was subscribed over 1.04.
Royalarc Electrodes IPO details
Royalarc Electrodes got approval from SEBI for an IPO of ₹36.00 crores. This IPO comprises a fresh issue of ₹21.60 crores and offer for sale of up to 12,00,000 equity shares with a face value of ₹10 each. Further, it had a set price band between ₹114 to ₹120 per share.
In Royalarc Electrodes IPO 1,200 shares were in 1 lot size for retail minimum and maximum category.
Moreover, 2,400 shares were in 2 lot sizes for the S-HNI category.
To invest in Royalarc Electrodes IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,44,000.
- SHNI (S-HNI): Minimum investment of ₹2,88,000.
Royalarc Electrodes IPO’s Subscription Duration
Royalarc Electrodes IPO’s subscription started on February 14, 2025, and closed on February 18, 2025.
The Royalarc Electrodes IPO’s allotment date was February 19, 2025, and they received a refund on February 20, 2025. Royalarc Electrodes IPO listing is on February 21, 2025.
Royalarc Electrodes Funds Deployment
- Financial support for the growth of the manufacturing plant located in Village Zaroli, Umbergaon Valsad, Gujarat, India.
- Providing funding for the company’s working capital needs.
- General business purposes.
About Royalarc Electrodes Company
One of the well-known companies recognized for the manufacturing of welding consumables, Royalarc Electrodes was incorporated in 1996 in Mumbai, Maharashtra. Under the welding consumables, they provide products such as welding electrodes, flux cored wire, and MIG/TIG wires which are mainly used in the welding of tanks, boilers, heavy structures, beams, pipes, cylinders, pressure vessels, etc.
At their manufacturing facility, raw materials undergo a series of steps, including wire drawing and cutting, powder mixing, coating, and baking. The company specializes in producing both standard and custom-made products.
Its product has been made of substantial wire such as copper-coated wire, MS Strips, MS wire, SS strips, SS wire, nickel wire, and ferroalloy powder. Their manufacturing facility is located over an area of 6.197 acres at Zaroli, Umbergaon Valsad, Gujarat, Bharat.
Royalarc Electrodes IPO Company Financial Report
The company reported revenue of ₹177.96 crores in 2024 against ₹137.03 crore in 2023. The company reported profit of ₹16.36 crores in 2024 against profit of ₹3.59 crores in 2023.
