Royalarc Electrodes IPO is a book-built issue valued at ₹36.00 crores, consisting of a fresh issue of 18.00 lakh shares aggregating to ₹21.60 crores and an offer for sale of 12.00 lakh shares amounting to ₹14.40 crores.
The bidding for Royalarc Electrodes IPO opened on February 14, 2025, and will close on February 18, 2025. The allotment process is expected to be finalized on Wednesday, February 19, 2025. The IPO is set to list on NSE SME, with a tentative listing date scheduled for Friday, February 21, 2025.
Royalarc Electrodes operates in the manufacturing sector, specifically focusing on welding consumables. They produce a variety of welding electrodes, flux cored wires, and MIG/TIG wires. Their products are used in various applications, including welding tanks, boilers, heavy structures, beams, pipes, cylinders, and pressure vessels.
The price band for Royalarc Electrodes IPO is set between ₹114 and ₹120 per share. The minimum lot size for an application is 1,200 shares. Retail investors are required to invest at least ₹1,36,800, but to avoid the risk of oversubscription, it is advisable to bid at the cutoff price, which amounts to approximately ₹1,44,000. For HNIs, the minimum investment is 2 lots (2,400 shares), totaling ₹2,88,000.
Fedex Securities Pvt Ltd is the book-running lead manager for the Royalarc Electrodes IPO, with Kfin Technologies Limited serving as the registrar. The market maker for the issue is Shreni Shares Limited.
Royalarc Electrodes IPO Details:
| Company Name | Royalarc Electrodes Limited |
| Sector | Manufacturing |
| IPO Type | SME |
| IPO Open date | 14th Feb 2025 |
| IPO Close date | 18th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Royalarc Electrodes IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,44,000 |
| HNI (Min) | 2 | 2400 | 2,88,000 |
Royalarc Electrodes IPO Timeline:
| IPO Open Date | 14th Feb 2025 |
| IPO Close Date | 18th Feb 2025 |
| Basis of Allotment | 19th Feb 2025 |
| Refund Initiation Date | 20th Feb 2025 |
| Shares Credit to Demat | 20th Feb 2025 |
| Listing Date | 21st Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Royalarc Electrodes’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Royalarc Electrodes and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
