Royalarc Electrodes Limited

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Royalarc Electrodes Limited

Established in 1996, the company has built a strong presence in the welding industry. It specializes in the manufacturing of welding electrodes, flux cored wires, and MIG/TIG wires. Known for its flexibility, the company is capable of producing both standard and tailor-made products to cater to specific customer needs

In addition to its core manufacturing operations, the company is also engaged in the trading of related industrial products. These include abrasive wheels, welding flux, SAW wire, SAW flux, and specialty TIG/MIG components. The company serves a diverse clientele, supplying products across both domestic and international markets.

Price Band

₹114 - ₹120

Dates

14 Feb - 18 Feb

GMP

₹0 (0.00%)
Subscriptions

1.67 times

Issue Size

₹36.00 Crs
Royalarc Electrodes IPO Key Dates
Opening Date

14 Feb 25

Closing Date

18 Feb 25

Basis Of Allotment

20 Feb 25

Initiations Of Refund

21 Feb 25

Credit Of Shares

21 Feb 25

Listing Date

24 Feb 25

Royalarc Electrodes IPO Objects

  1. Expansion of our manufacturing facility in Zaroli, Umbergaon, Gujarat
  2. Working capital requirements
  3. General corporate purposes

Royalarc Electrodes IPO Details
Price Band

₹114 - ₹120

Listing At

NSE SME
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹21.60 Cr (0.18 Cr Shares)
Offer For Sale

₹14.40 Cr (0.12 Cr Shares)
Total Issue

₹36.00 Cr (0.30 Cr Shares)
Face Value

₹10 per equity share
Royalarc Electrodes IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 1,200 1,44,000
Maximum 1 1,200 1,44,000
NII
Minimum 2 2,400 2,88,000
Royalarc Electrodes IPO Subscription

Updated as on 18-Feb-2025 19:00:09 hrs

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 1.04 5,60,400 5,84,400
NII 1.27 4,45,200 5,65,200
Retail 2.20 10,00,800 22,05,600
Total 1.67 20,06,400 33,55,200
Royalarc Electrodes IPO GMP

The estimated Grey Market Premium of Royalarc Electrodes IPO is ₹0 per share (0.00%)

Category Allocation
Particulars Allocation
QIB Not more than 50% of net offer
NII Not less than 15% of net offer
Retail Not less than 35% of net offer
Market Maker 1,53,600 EQ Share
Royalarc Electrodes IPO Financials

(Rs. in crores)

Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 45.60 99.79 96.94 62.91
Profit after Tax 3.18 11.93 9.57 2.12
Net Worth 45.45 42.27 30.35 20.78
Total Borrowing 2.02 0.20 1.42 7.81
Total Assets 55.69 52.25 43.85 42.48
NAV per share (in ₹) 48.87 45.45 32.63 22.34
EPS - Basic (in ₹) 3.41 12.82 10.29 2.28

The financial information presented is on a consolidated basis

Key Performance Indicators
KPI KPI
EBITDA 18.16%
PAT 11.95%
ROE 32.85%
ROCE 37.73%
Debt to Equity 0.00
PE Ratio 9.36
PB Ratio 2.64
Mkt Cap (in Crs.) 133.20
  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Royalarc Electrodes IPO Peer Comparision

(Rs. in crores)

Particulars Co. Ador Welding Gee Rasi Electrodes ESAB India
Revenue from Ops (in Crs.) 99.79 888.38 369.14 83.83 1,243.32
PAT (In Crs.) 11.93 63.19 12.86 3.20 162.98
EPS - Basic 12.82 46.46 4.95 1.02 105.90
NAV per share 45.45 266.49 78.61 10.47 198.87
RONW 28.21 17.44 6.29 9.83 53.25
EBITDA 18.16% 11.65% 8.19% 6.12% 18.83%
PAT Margin 11.95% 7.15% 3.48% 3.82% 13.11%
Price to earning (PE) 9.36 21.08 29.17 28.43 46.94
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Royalarc Electrodes IPO Peer Comparision

(Rs. in crores)

Particulars Co.
Revenue from Ops (in Crs.) 99.79
PAT (In Crs.) 11.93
EPS - Basic 12.82
NAV per share 45.45
RONW 28.21
EBITDA 18.16%
PAT Margin 11.95%
Price to earning (PE) 9.36
Ador Welding Gee Rasi Electrodes ESAB India
888.38 369.14 83.83 1,243.32
63.19 12.86 3.20 162.98
46.46 4.95 1.02 105.90
266.49 78.61 10.47 198.87
17.44 6.29 9.83 53.25
11.65% 8.19% 6.12% 18.83%
7.15% 3.48% 3.82% 13.11%
21.08 29.17 28.43 46.94
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Promoter Details
Name Shareholding
Hardik Sanghvi 28.85%
Swagat Sanghvi 28.85%
Tarulata Sanghvi 18.96%
Bipin Sanghvi 9.60%
Other Promoter 13.74%
Management Details
Name Designation
BIPIN SANGHVI Chairman & MD
HARDIK SANGHVI CFO
Company Details

1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.

2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Royalarc Electrodes IPO is a SME IPO having an issue size of Rs. ₹36.00 Crs. Royalarc Electrodes IPO is priced at ₹114 - ₹120 per share. The issue opens on 14 Feb 25 and closes on 18 Feb 25.

Royalarc Electrodes IPO opens on 14 Feb 25 and closes on 18 Feb 25.

The estimated Grey Market Premium of Royalarc Electrodes IPO is ₹0 per share (0.00%).

The minimum lot size of Royalarc Electrodes IPO is 1200 shares & the minimum application amount is Rs. 144000.

The allotment date of Royalarc Electrodes IPO is 20 Feb 25.

The listing date of Royalarc Electrodes IPO is 24 Feb 25.

Royalarc Electrodes IPO is subscribed 1.67 times.

Royalarc Electrodes IPO is priced at ₹114 - ₹120 per share.

Click the allotment link on Royalarc Electrodes IPO page of IPO360.

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  6. Money will remain blocked till the refund date

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