logo

IPO

IPO
Gainers & Losers

IPO Synopsis

Royal Arc Electrodes Ltd
  • Registered Office: 72 B Bombay Talkies Compound,S.V.Road Malad West, Mumbai - 400064, Maharashtra, India. Phone : +91 78880 00553   Fax:
  • Email : cs@royalarc.in
  • Website :https://royalarc.in/
Initial public offer of 30,00,000* equity shares of face value of Rs. 10/- each ("Equity Shares") of Royal Arc Electrodes Limited ("The Company" or the "Issuer") for cash at a price of Rs. 120 per equity share (the "Offer Price"), (including a premium of Rs. 110 per equity share), aggregating to Rs. 36.00 crores ("The Offer"), comprising a fresh issue of 18,00,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 21.60 crores (the "Fresh Issue") and an offer for sale of 12,00,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 14.40 crores by selling shareholders (as defined below), comprising an offer for sale of 3,33,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 4.00 crores by Hardik Sanghvi, 3,33,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 4.00 crores by Swagat Sanghvi, 1,71,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 2.05 crores by Bipin Sanghvi, 1,23,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 1.48 crores by Tarulata Sanghvi ("Promoter Selling Shareholders") and an offer for sale of 1,20,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 1.44 crores by Pooja Sanghvi, and of 1,20,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 1.44 crores by Ami Sanghvi ("Promoter Group Selling Shareholders") (together with the promoter selling shareholders, "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). The 1,53,600 equity shares of face value of Rs. 10/- for cash at a price of Rs. 120 each aggregating Rs. 1.84 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. net offer of 28,46,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 120 per equity share, aggregating to Rs. 34.16 crores is here in after referred to as the "Net Offer". The offer and the net offer will constitute 27.03 % and 25.64 % respectively of the post offer paid up equity share capital of the company. The face value of the equity share is Rs. 10 each. The offer price is 12 times the face value of the equity shares.
Issue
Opens On Closes On
14-Feb-25 18-Feb-25
Money Payable On
Application Allotment
120.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
Cr Lead Managers to the Issue
Project Cost (.Cr) 19.44 Fedex Securities Pvt Ltd
Project Financed through Current Offer (.Cr) 36.00  
Post Issue Equity Share Capital (.Cr) 11.10
Issue Price () 120.00
Projects
Funding towards the expansion of the existing mfg facility situated at
Funding of working capital requiremens of the company
General corporate purposes
Promoted By
Bipin Sanghvi
Tarulata Sanghvi
Hardik Sanghvi
Listing At
NSE - SME
Registrar to the Issue
KFin Techologies Ltd