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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹36.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹36.00 Cr |
| Fresh Issue | ₹19.76 Cr |
| Offer for Sale | ₹14.40 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹114.00-120.00 per share |
| Discount | Retail: 0.00,Employee: 0.00,ShareHolder: 0.00 |
| NSE Code | ROYALARC |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Fedex Securities Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in 1996, Royalarc Electrodes Limited is engaged in the business of manufacturing of welding consumables such as, welding electrodes, flux cored wire, MIG/TIG wires.
The company is used welding consumables for welding tanks, boilers, heavy structures, beams, pipes, cylinders, pressure vessels, and more, across industries such as railways, roadways, airports, refineries, shipyards, mining, sugar, telecom, thermal power stations, and PEB sectors.
The company is also involved in trading ancillary and incidental products such as wheels, electro slag, welding flux-cored wire, electro slag strip cladding, saw flux, and TIG/MIG wires.
The company manufactures products using copper-coated wire, MS strips, MS wire, SS strips, SS wire, nickel wire, and ferro alloy powder at a state-of-the-art facility spread over 269,198 sq. ft. in Zaroli, Umbergaon, Gujarat.
The company manufactures standardized and customized products, supplying domestically and exporting to 20+ countries. Products are certified by American Bureau of Shipping (ABS), Indian Boilers Regulation (IBR), Bureau of Indian Standard (BIS), with inspections outsourced to NABL-accredited laboratories.
Products:
As of December 31, 2024, the company has a total workforce of 144 permanent employees.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding towards the expansion of the existing manufacturing facility situated at Village Zaroli, Umbergaon Valsad, Gujarat, Bharat | 4.89 |
| 2 | Funding of Working Capital Requirement of the company | 14.00 |
| 3 | General Corporate Purposes | 0.55 |
| 4 | Issue expenses | 3.60 |
| Total | 23.04 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 55.69 | 52.25 | 43.85 | 42.48 |
| Total Income | 46.06 | 100.99 | 98.03 | 64.82 |
| Profit After Tax | 3.18 | 11.93 | 9.57 | 2.12 |
| NET Worth | 45.45 | 42.27 | 30.35 | 20.78 |
| Reserves and Surplus | 36.15 | 32.97 | 28.53 | 18.96 |
| Total Borrowing | 2.02 | 0.20 | 1.42 | 7.81 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 32.85% |
| ROCE | 37.73% |
| RoNW | 28.21% |
| PAT Margin | 11.95% |
| Price to Book Value | 2.64 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.82 | 5.72 |
| P/E (x) | 9.36 | 20.98 |
| Promoter Holding | 99.99% | 72.96% |
| Market Cap | ₹133.20 Cr. | |
