Royalarc Electrodes IPO Subscribed 0.67x on Day 2

Royalarc Electrodes IPO Subscribed over 0.67x on its Second day of subscription wherein QIB subscribed 0.74x, NII subscribed 0.13x, and RII subscribed 0.87x.

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 ₹114 to ₹120 per share with a face value of ₹10 each.

Royalarc Electrodes IPO Subscription Status

Royalarc Electrodes IPO Subscribed over 0.67x on its Second day till 05.00 PM on 17th February 2025.

Royalarc Electrodes IPO subscription QIB investors portion is 0.74x times, while NII subscribed 0.13x times and RII investors subscribed 0.87x times.
The company has received bids for 13,46,400 shares against 20,06,400 shares on offer on the Second day.
Royalarc Electrodes IPO Subscribed over 0.67x on day 2.
Royalarc Electrodes IPO Subscribed over 0.13x on day 1.

About Royalarc Electrodes IPO

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 ₹100.99 crores in 2024 against ₹98.03 crore in 2023. The company reported profit of ₹11.93 crores in 2024 against profit of ₹9.57 crores in 2023.

Royalarc Electrodes IPO GMP:

Royalarc Electrodes IPO GMP was ₹0 as of Monday, 17th February. That indicates the IPO is trading at ₹120 with ₹0 premium in the grey market against the issue price of ₹120

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.