ListedSMEElectrodes & Welding EquipmentROYALARC

Royalarc Electrodes IPO

Royalarc Electrodes IPO is an SME IPO raising ₹36 Cr at ₹114 – ₹120 a share. It listed on 24 Feb 2025 at ₹120, 0.0% against its issue price of ₹120, and trades at ₹154 today (+28.3% since issue). It was subscribed 1.36× in total.

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₹120

Issue price

₹154

Price now

+28.3%

Since issue price

24 Feb 2025

Listed on

1.36×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹114 – ₹120

Cut-off price₹120

Issue size₹36 Cr

Shares per lot1200

Minimum application₹1,44,000

Minimum quantity1200

Face value₹10

Listing exchangesNSE

ISININE0EO401019

Bidding hours10:00 – 17:00 IST

Bidding window14 Feb 2025 – 18 Feb 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.