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Royalarc Electrodes IPO

  • Status: Closed
  • RHP:
  • ₹ 136,800 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    24 Feb 2025

  • Listing Price

    ₹ 120.00

  • Listing Change

    0.00%

  • Last Traded Price

    ₹ 129.00

IPO Details

  • Bidding starts

    14 Feb 2025

  • Bidding ends

    18 Feb 2025

  • Listing

    24 Feb 2025

  • IPO Price Range

    ₹ 114 to ₹ 120

  • IPO Size

    ₹ 36.00 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Royalarc Electrodes IPO Subscription Status

Last Updated: 21 February 2025 12:13 PM by 5Paisa

Royalarc Electrodes is launching a ₹36 crore IPO, comprising a fresh issue of ₹21.60 crore and an offer for sale of ₹14.40 crore. The company manufactures welding consumables like electrodes, flux-cored wire, and MIG/TIG wires, catering to industries such as railways, refineries, and shipyards. With a Gujarat-based facility, exports to 20+ countries, and certified products, it boasts strong customer relationships, experienced leadership, and consistent financial performance.

Established in: 1996
Chairman & MD: Mr. Bipin Sanghvi

Peers

ESAB India Limited
Ador Welding Limited
Gee Limited
Rasi Electrodes Limited
 

Objectives

1. Funding towards the expansion of the manufacturing facility in Gujarat.
2. Funding the working capital requirements.
3. General corporate purposes.

Royalarc Electrodes IPO Size

Types Size
Total IPO Size ₹36.00 Cr.
Offer For Sale ₹14.40 Cr.
Fresh Issue ₹21.60 Cr.

 

 Royalarc Electrodes IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,200 136,800
Retail (Max) 1 1,200 136,800
HNI (Min) 2 2,400 273,600

 Royalarc Electrodes IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 1.04 5,60,400 5,84,400 7.013
NII (HNI) 0.92 4,45,200 4,11,600 4.939
Retail 2.2 10,00,800 22,03,200 26.438
Total** 1.59 20,06,400 31,99,200 38.390

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 Royalarc Electrodes IPO Anchor Allocation

Anchor Bid Date 13 February, 2025
Shares Offered 8,40,000
Anchor portion Size (In ₹ Cr.) 10.08
Anchor lock-in period end date for 50% shares (30 Days) 21 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 20 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 64.82 98.03 100.99
EBITDA 5.51 15.42 18.12
PAT 2.12 9.57 11.93
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 42.48 43.85 52.25
Share Capital 1.82 1.82 9.30
Total Borrowings 7.81 1.42 0.20
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 2.40 12.59 5.63
Net Cash Generated From / (used in) investing activities -11.11 -2.47 -5.80
Net Cash Generated From / (used in) financing activities -1.55 -7.15 -1.89
Net Increase (Decrease) In Cash And Cash Equivalents -0.25 2.97 -2.06


Strengths

1. Strong domestic and international market presence across 20+ countries.
2. Diversified product portfolio catering to multiple industries.
3. Certified products meeting global quality standards (ABS, IBR, BIS).
4. State-of-the-art manufacturing facility in Gujarat.
5. Experienced promoters and management team.
 

Risks

1. Dependence on raw material price fluctuations.
2. Intense competition in the welding consumables industry.
3. Limited workforce of 144 employees.
4. Reliance on third-party inspections for certifications.
5. Currently trades TIG/MIG wires instead of manufacturing.
 

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FAQs

Royalarc Electrodes IPO opens from 14 February 2025 to 18 February 2025.

The size of Royalarc Electrodes IPO is ₹36.00 Cr.

The price of Royalarc Electrodes IPO is fixed at ₹114 to ₹120 per share. 

To apply for Royalarc Electrodes IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Royalarc Electrodes  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Royalarc Electrodes IPO is 1,200 shares and the investment required is ₹136,800.

The share allotment date of Royalarc Electrodes IPO is 19 February 2025

The Royalarc Electrodes IPO will be listed on 24 February 2025.

Fedex Securities Pvt Ltd is the book running lead manager for Royalarc Electrodes IPO.

Royalarc Electrodes plans to utilise the raised capital from the IPO for:
1. Funding towards the expansion of the manufacturing facility in Gujarat.
2. Funding the working capital requirements.
3. General corporate purposes.