Royalarc Electrodes Limited IPO Allotment Status: Check Latest GMP, Steps To Verify Status

Bidding for Royalarc Electrodes Limited IPO was open from February 14 to February 18, 2025. The basis of allotment will be finalised on February 19, 2025. Here’s how you can check the allotment status. 

Step-by-Step Procedure to Check Royalarc Electrodes Limited IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “ROYALARC.”
• Enter your PAN No. and application No.
• Click “Submit.”

Step-by-Step Procedure to Check Royalarc Electrodes Limited IPO Allotment Status Online On Kfin Technologies Limited

• Visit the IPO allotment status page here.  
• Select “Royalarc Electrodes Limited” in “Select IPO.”
• Enter either your Application Number, Demat account number or PAN. 
• Enter Captcha and  Click “Submit.”

IPO Details

Royalarc Electrodes IPO is a combination of fresh issue (18 lakh shares) and offer for sale component (12 lakh shares). The price band is set at ₹114 to ₹120 per share, and the tentative listing date on NSE SME is Feb 21, 2025. 

Use of Proceeds

Royalarc Electrodes will not receive any IPO proceeds from the OFS component as it will be given to selling shareholders based on the shares they sell. 

On the contrary, the Net Proceeds from the Fresh Issue will be utilised for:

• Expansion of the manufacturing facility in Village Zaroli, Umbergaon, Valsad, Gujarat.
• Funding the working capital needs and 
• General corporate purposes.

Royalarc Electrodes Limited IPO - Overall Subscription Status

GMP (Grey Market Premium) Details

As of February 19, 2025, the GMP for Royalarc Electrodes SME IPO stands at ₹0; the estimated listing price remains ₹120. This results in no expected gain or loss per share, with a percentage change of 0%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: NDTV Profit dated February 19, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Royalarc Electrodes Limited Business Overview

Founded on January 15, 1996, Royalarc Electrodes manufactures welding consumables, including welding electrodes, flux-cored wire, and MIG/TIG wires. In addition to manufacturing, the company trades ancillary products like wheels, electro-slag, welding flux-cored wire, electro-slag strip cladding, SAW flux, and TIG/MIG wires.

Their products are used in various industries, such as railways, roadways, airport infrastructure, etc. Royalarc Electrodes Limited operates a state-of-the-art manufacturing facility spread across 25,082.61 sq. meters in Zaroli, Umbergaon, Valsad, Gujarat, which is also ISO 9001:2015 certified by DNV – Business Assurance.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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