Royalarc Electrodes IPO allotment: Steps to check status on NSE, Kfin Technologies

Welding products maker Royalarc Electrodes Ltd’s initial public offering sailed through on the last day of bidding on Tuesday, with the issue getting fully subscribed.

The company is likely to finalise the share allotment status on Wednesday, February 19, after the successful close of the IPO.

The ₹36-crore Royalarc Electrodes IPO opened for subscription on February 14 and closed on February 18. The NSE SME issue was booked 1.67 times.

The investors across categories applied for more than 33.52 lakh shares against the allocation of 20.06 lakh shares. The retail category saw the highest demand with bids for over 22.03 lakh shares compared to 10 lakh shares set aside for the segment. The retail portion was booked 2.2 times.

The Non-Institutional Investors (NIIs) subscribed their quota 1.26 times with bids for over 5.65 lakh shares against 4.45 lakh shares on offer. The Qualified Intuitional Buyers (QIBs) segment was also fully booked with bids for 5.84 lakh shares compared to 5.6 lakh shares reserved for the category.

After the successful close of the IPO, Royalarc is likely to announce the share allotment status on Wednesday, February 19. IPO investors can easily track the share allotment status on the official websites of the NSE and IPO registrar, Kfin Technologies Ltd.

Steps to check Royalarc Electrodes IPO allotment status on registrar’s website

• Visit the IPO allotment page on the Kfin Technologies website: https://ris.kfintech.com/ipostatus/
• Choose any links from the given 5 options
• On the new page, Royalarc Electrodes Ltd as the IPO name
• Enter application number, PAN, or Demat account number
• Enter the captcha code and click Submit.

Steps to check Royalarc Electrodes IPO allotment status on NSE

• Open NSE allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Select Royalarc Electrodes Ltd under symbol ‘ROYALARC’
• Verify PAN and Enter the IPO application number
• Submit to check details

Royalarc Electrodes IPO key details

• Royalarc Electrodes IPO comprised a fresh issue of 18 lakh shares, worth up to ₹21.6 crore, and an offer-for-sale (OFS) of 12 lakh shares, amounting to ₹14.4 crore
• The IPO price band was fixed at ₹114 to ₹120 apiece
• The lot size is 1,200 shares, requiring an investment of ₹1,36,800 (₹114 x 1,200) for retail investors
• The company will credit shares to the Demat accounts as well start refunds on February 20
• The proposed IPO listing date is February 21
• Shares of Rolyalarc Electrodes Ltd will be listed on the NSE SME platform

Royalarc Electrodes Ltd IPO Objects

Royalarc Electrodes Ltd is a manufacturer of welding consumables such as welding electrodes, flux cored wire, MIG/TIG wires. These products are used in the welding of tanks, boilers, heavy structures, beams, pipes, cylinders, and pressure vessels. Such equipment has applications in roadways, railways, airport infrastructure, shipyards, refineries, sugar industries, mines, thermal power stations and telecom sectors, among others.

The company is also engaged in trading of ancillary/incidental products like wheels, welding flux cored wire, electro slag, electro slag strip cladding, and others.

It has a manufacturing facility at Zaroli, Umbergaon Valsad, Gujarat. The company also exports products to more than 20 countries.

The company would utilise ₹4.88 crore of the IPO proceeds from the fresh issue for the expansion of its manufacturing facility at Umbergaon in Gujarat. It has proposed to use ₹14 crore for meeting working capital requirements and the rest for general corporate purposes.

Royalarc Electrodes Ltd financials

Royalarc Electrodes Ltd reported a profit after tax of ₹3.17 crore for the April-September period of FY 2024-25. Revenue from operations stood at ₹45.60 crore during the first six months of FY 2024-25.

The company reported a revenue of ₹99.78 crore for the year ended on March 31, 2024, compared to ₹96.94 crore in the preceding financial year. Its Profit after tax (PAT) in FY24 stood at ₹11.92 crore compared to ₹9.56 crore in FY23.

Royalarc Electrodes key performance indicators (As of September 30, 2024)