Royalarc Electrodes IPO opens today: Check price band, GMP, key dates and other details

The SME IPO of Royalarc Electrodes will be launched on February 14 and close on February 18. The company is offering about 30 lakh shares in a fresh equity sale, aiming to raise Rs 36 crore. The share allotment for the IPO will be finalised on February 19 and the listing will take place on February 21.

The IPO proceeds will be used for funding towards the expansion of the existing manufacturing facility situated at village Zaroli, working capital requirements and general corporate purposes.

Check Royalarc Electrodes IPO price band

Royalarc Electrodes IPO is priced in the range of Rs 114-120 apiece, where investors can bid for 1200 shares in one lot and in multiples thereafter.

Check latest GMP of Royalarc Electrodes

Royalarc Electrodes is not having any GMP in the unlisted market.

Royalarc Electrodes IPO details

Incorporated in 1996, the company is engaged in the business of manufacturing of welding electrodes, flux cored wires, MIG/TIG wires. It is capable of manufacturing both standardized as well as customized products.

Further, Royalarc is also engaged in the business of trading of ancillary/incidental products like abrasive wheels, welding flux,
saw wire, saw flux, and special TIG /MIG. We supply our products to domestic customers and export customers.

Manufacturing is emerging as an integral pillar in the country’s economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables.

Fedex Securities is the book-running lead manager of the Royalarc Electrodes IPO and Kfin Technologies is the registrar.

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