Royalarc Electrodes IPO Allotment Status

Summary

Royalarc Electrodes Limited, established in 1996, has developed into a specialized manufacturer of welding consumables, operating from a state-of-the-art 269,198 sq. ft. facility in Zaroli, Umbergaon, Gujarat. The company manufactures a comprehensive range of welding electrodes, flux cored wire, and MIG/TIG wires, serving diverse industries from railways to shipyards. With certifications from prestigious bodies like ABS, IBR, and BIS, and a presence in over 20 countries, they maintain high quality standards through their workforce of 144 permanent employees as of December 2024.

Royalarc Electrodes IPO comes with a total issue size of ₹36.00 crore, combining a fresh issue of ₹21.60 crore and an offer for sale of ₹14.40 crore. The IPO opened on February 14, 2025, and closed on February 18, 2025. The allotment date for the Royalarc Electrodes IPO is expected to be finalized on Wednesday, February 19, 2025.
 

Steps to Check Royalarc Electrodes IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website
• Select "Quality Power IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Royalarc Electrodes IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Royalarc Electrodes IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Royalarc Electrodes IPO Subscription Status 

Royalarc Electrodes IPO received moderate investor interest, being subscribed 1.60 times overall. Here is a category-wise breakdown of the subscription as of 6:20:00 PM on February 18, 2025:

• Retail Category: 2.20 times
• Qualified Institutional Buyers (QIB): 1.04 times
• Non-Institutional Investors (NII): 0.92 times

As of 6:20:00 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Expansion: Funding the expansion of manufacturing facility in Zaroli, Umbergaon
• Working Capital: Meeting working capital requirements
• General Corporate Purposes: Supporting various business initiatives

Royalarc Electrodes IPO - Listing Details 

The shares are scheduled to list on February 21, 2025, on NSE SME. The subscription rate of 1.60 times shows moderate investor interest in Royalarc Electrodes' business model and growth prospects. The company has shown steady financial performance with revenue of ₹46.06 crore and profit after tax of ₹3.18 crore for the period ended September 30, 2024. While their geographic spread, strong customer relationships, and comprehensive product range are strengths, investors should note the recent rapid growth in profit margins and consider the sustainability of these gains in the competitive welding consumables sector.