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Open
14 Feb 2025
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Close
18 Feb 2025
3
Allotment
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Listing
Mon, Feb 24, 2025
Price Band
₹114 to ₹120
Issue Size
30,00,000 shares (agg. up to ₹36 Cr)
Lot Size
1,200 Shares
Listing Date
Mon, Feb 24, 2025
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.40x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 55.69 | 52.25 | 43.85 | 42.48 |
| Total Income | 46.06 | 100.99 | 98.03 | 64.82 |
| Profit After Tax | 3.18 | 11.93 | 9.57 | 2.12 |
| NET Worth | 45.45 | 42.27 | 30.35 | 20.78 |
| Reserves and Surplus | 36.15 | 32.97 | 28.53 | 18.96 |
| Total Borrowing | 2.02 | 0.20 | 1.42 | 7.81 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Refractory Shapes Ltd. | SME | ₹18.60 Cr | ₹31 | 25.55 | ₹78.75 | +154.03% | ₹28.65 (+4.75%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding towards the expansion of the existing manufacturing facility situated at Village Zaroli, Umbergaon Valsad, Gujarat, Bharat | 4.89 |
| 2 | Funding of Working Capital Requirement of the company | 14.00 |
| 3 | General Corporate Purposes | 0.55 |
| 4 | Issue expenses | 3.60 |
| Total | 23.04 |
About Royal Arc Electrodes IPO
Incorporated in 1996, Royalarc Electrodes Limited is engaged in the business of manufacturing of welding consumables such as, welding electrodes, flux cored wire, MIG/TIG wires. The company is used welding consumables for welding tanks, boilers, heavy structures, beams, pipes, cylinders, pressure vessels, and more, across industries such as railways, roadways, airports, refineries, shipyards, mining, sugar, telecom, thermal power stations, and PEB sectors. The company is also involved in trading ancillary and incidental products such as wheels, electro slag, welding flux-cored wire, electro slag strip cladding, saw flux, and TIG/MIG wires. The company manufactures products using copper-coated wire, MS strips, MS wire, SS strips, SS wire, nickel wire, and ferro alloy powder at a state-of-the-art facility spread over 269,198 sq. ft. in Zaroli, Umbergaon, Gujarat. The company manufactures standardized and customized products, supplying domestically and exporting to 20+ countries. Products are certified by American Bureau of Shipping (ABS), Indian Boilers Regulation (IBR), Bureau of Indian Standard (BIS), with inspections outsourced to NABL-accredited laboratories. Products: Welding el
Contact Details
Royal Arc Electrodes Ltd. Address72 B, Bombay Talkies CompoundS.V.RoadMalad (West)Mumbai, Maharashtra, 400064+91 78880 00553cs@royalarc.inVisit Website