Royalarc Electrodes Limited

Royalarc Electrodes Limited

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹114 - ₹120

Total Issue

₹36.00 Cr

Bid Dates

14 Feb - 18 Feb

Subscription

1.67x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Royalarc Electrodes IPO
Category Lots Shares Amount
Individual (Min) 1 1,200 ₹1,44,000
Individual (Max) 1 1,200 ₹1,44,000
S-HNI (Min) 2 2,400 ₹2,88,000
S-HNI (Max) 6 7,200 ₹8,64,000
B-HNI (Min) 7 8,400 ₹10,08,000
Market Maker
1,53,600 EQ Share
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹36.00 Cr
Fresh Issue
₹21.60 Cr (0.18 Cr Shares)
Offer For Sale
₹14.40 Cr (0.12 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹120
Est. Gain 0.00%

Royalarc Electrodes IPO Peer Comparison

(Rs. in crores)

Royalarc Electrodes IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Royalarc Electrodes IPO
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

KPIs

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.

Shareholding

Promoter

13.74%

Public

86.26%

Hardik Sanghvi 28.85%
Swagat Sanghvi 28.85%
Tarulata Sanghvi 18.96%
Bipin Sanghvi 9.60%

Management

BIPIN SANGHVI Chairman & MD
HARDIK SANGHVI CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Fedex Securities Fedex Securities

Subscription Status

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

Category Sub (x) Offered Bids
QIB 1.04x 5,60,400 5,84,400
NII 0.92x 4,45,200 4,11,600
Retail 2.20x 10,00,800 22,05,600
Total 1.60x 20,06,400 32,01,600

Frequently Asked Questions

What is Royalarc Electrodes IPO?
Royalarc Electrodes IPO is a SME IPO having an issue size of ₹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.
When will Royalarc Electrodes IPO open?
Royalarc Electrodes IPO opens on 14 Feb 25 and closes on 18 Feb 25.
What is the GMP of Royalarc Electrodes IPO?
The estimated Grey Market Premium of Royalarc Electrodes IPO is ₹0 per share (0.00%).
What is the lot size of Royalarc Electrodes IPO?
The minimum lot size of Royalarc Electrodes IPO is 1200 shares & the minimum application amount is Rs. 144000.
When is the allotment of Royalarc Electrodes IPO?
The allotment date of Royalarc Electrodes IPO is 20 Feb 25.
What is the listing date of Royalarc Electrodes IPO?
The listing date of Royalarc Electrodes IPO is 24 Feb 25.
What is the subscription of Royalarc Electrodes IPO?
Royalarc Electrodes IPO is subscribed 1.67 times.
What is the price band of Royalarc Electrodes IPO?
Royalarc Electrodes IPO is priced at ₹114 - ₹120 per share.
How to check allotment status of Royalarc Electrodes IPO?
Click the allotment link on Royalarc Electrodes IPO page of IPO360.
How to apply Royalarc Electrodes IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Royalarc Electrodes IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Royalarc Electrodes IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Royalarc Electrodes IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date