Royal Arc Electrodes Ltd - IPO

Royal Arc Electrodes Ltd IPO Details

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.

Objective of issue

Funding towards the expansion of the existing mfg facility situated at. Funding of working capital requiremens of the company. General corporate purposes.

Royal Arc Electrodes Ltd Contact Details

Royal Arc Electrodes Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@royalarc.in

Website - https:, royalarc.in