Royalarc Electrodes IPO subscription started on Friday, February 14, 2025, and will close on February 18, 2025, as per the schedule. The price band is set at ā¹114 to ā¹120 per share with a face value of ā¹10 each.Ā
Royalarc Electrodes IPO Subscription Status
Royalarc Electrodes IPO Subscribed over 0.13x on its First day till 05.00 PM on 14th February 2025.Ā
- Royalarc Electrodes IPO subscription QIB investors portion is 0x times, while NII subscribed 0.04x times and RII investors subscribed 0.25x times.
- The company has received bids for 2,70,800 shares against 20,06,400 shares on offer on the First day.
- Royalarc Electrodes IPO Subscribed over 0.13x on day 1.
About Royalarc ElectrodesĀ IPOĀ
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. The raw materials first go through the process of wire drawing and cutting, powder mixing, covering, and baking at their manufacturing facility. Manufacturing both standardized and customized products is what the company specializes in. Their products have been exported to over 20+ countries, and supply products to numerous domestic customers. Royalarc Electrodes comprises 144 employees as of December 31, 2024. They utilized copper-coated wire, MS Strips, MS wire, SS strips, SS wire, nickel wire, and ferroalloy powder, to manufacture its products. 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 ā¹100.99 crores in 2024 against ā¹98.03 crore in 2023. The company reported profit of ā¹11.93 crores in 2024 against profit of ā¹9.57 crores in 2023.
Royalarc Electrodes IPO GMP:
Royalarc Electrodes IPO GMP was ā¹0 as of Friday, 14th February. That indicates the IPO is trading at ā¹120 with ā¹0 premium in the grey market against the issue price of ā¹120.
