Royalarc Electrodes SME: Check IPO Date, Live Subscription and Key Details
Incorporated in 1996, Royalarc Electrodes Limited manufactures welding consumables like welding electrodes, flux-cored wire, and MIG/TIG wires. These products are used for welding tanks, boilers, heavy structures, beams, pipes, cylinders, and pressure vessels across various industries, including railways, roadways, airports, refineries, shipyards, mining, sugar, telecom, thermal power stations, and PEB sectors
Min Investment
₹144000
Price Range
₹114.00-120.00
Issue Size
₹36.00 Cr
IPO Type
NSE SME
Key Metrics
Face Value
₹10
EPS
5.72
P/E Ratio
20.98
RoNW
28.21%
ROE
32.85%
Timeline
IPO Opens
14 Feb
IPO Closes
18 Feb
Allotment
19 Feb
Listing
21 Feb
IPO Objectives
- Funding towards the expansion of the manufacturing facility situated at Village Zaroli, Umbergaon Valsad, Gujarat, Bharat
- Funding the working capital requirements of the Company
- General Corporate Purposes
- The Company will not receive any proceeds from the Offer for Sale and the proceeds from the Offer for Sale will not form part of the Net Proceeds.
Strengths
- Strong market presence in India and over 20 countries.
- Wide range of welding products used in various industries.
- Certified products that meet global quality standards like ABS, IBR, and BIS.
- Modern manufacturing facility located in Gujarat.
- Led by experienced promoters and a skilled management team.
Weaknesses
- Raw material price changes can impact costs and profits.
- Faces strong competition from other welding consumable brands.
- Small team of 144 employees limits operational capacity.
- Needs third-party inspections for product certifications.
- Sells TIG/MIG wires but does not manufacture them yet.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 55.69 | 52.25 | 43.85 | 42.48 |
| Revenue (₹ Cr.) | 46.06 | 100.99 | 98.03 | 64.82 |
| PAT (₹ Cr.) | 3.18 | 11.93 | 9.57 | 2.12 |
| Net Worth (₹ Cr.) | 45.45 | 42.27 | 30.35 | 20.78 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Royal Arc Electrodes | 2.67 | 20.98 | 28.21 | 45.45 |
| Esab India Ltd. | 26.53 | 46.94 | 53.25 | 306 |
| Ador Welding Ltd. | 5.15 | 21.08 | 17.44 | 362 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.74x | 1.04x |
| NII | 0.04x | 0.13x | 0.92x |
| RII | 0.26x | 0.90x | 2.20x |
| Total | 0.14x | 0.68x | 1.59x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,60,400 | 5,84,400 | 7.01 |
| NII | 4,45,200 | 4,11,600 | 4.94 |
| RII | 10,00,800 | 22,03,200 | 26.44 |
| Total | 20,06,400 | 31,99,200 | 38.39 |
Company Details
- 72 B, Bombay Talkies Compound, S.V. Road Malad West, Mumbai, , 400064
- +91 78880 00553
- cs@royalarc.in
- https://royalarc.in/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- rael.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/