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:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 55.69 | 52.25 | 43.85 | 42.48 | ||||||||||||||||||||||||||||||||||||
| Revenue | 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 | 0.2 | 1.42 | 7.81 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Royalarc Electrodes IPO is Rs 133.20 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 32.85% |
| ROCE | 37.73% |
| RoNW | 28.21% |
| PAT Margin | 11.95 |
| Price to Book Value | 2.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.82 | 5.72 |
| P/E (x) | 9.36 | 20.98 |
The Company proposes to utilize the net proceeds from the Fresh Issue towards funding the following objects:
| IPO Date | February 14, 2025 to February 18, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹120 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹36.00 Cr) |
| Fresh Issue | 18,00,000 shares (aggregating up to ₹21.60 Cr) |
| Offer for Sale | 12,00,000 shares of ₹10 (aggregating up to ₹14.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 93,00,200 shares |
| Share Holding Post Issue | 1,11,00,200 shares |
| Market Maker Portion | 1,53,600 shares |
Bipin Sanghvi, Tarulata Sanghvi, Hardik Sanghvi and Swagat Sanghvi are the promoters of the company
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.96% |
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