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Royal Arc Electrodes Ltd
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Registered Office :
72 B Bombay Talkies Compound,S.V.Road Malad West
,
Mumbai
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400064
,
Maharashtra
, India.
Phone :
+91 78880 00553 Fax:
Email : cs@royalarc.in
Website : https://royalarc.in/
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Initial public offer of 30,00,000* equity shares of face value of Rs10/- each ("Equity Shares") of Royal Arc Electrodes Limited ("The Company" or the "Issuer") for cash at a price of Rs120 per equity share (the "Offer Price"), (including a premium of Rs110 per equity share), aggregating to
Rs36.00 crores ("The Offer"), comprising a fresh issue of 18,00,000 equity shares of face value of Rs10/- each aggregating to Rs21.60 crores (the "Fresh Issue") and an offer for sale of 12,00,000 equity shares of face value of Rs10/- each aggregating to Rs14.40 crores by selling shareholders (as defined below), comprising an offer for sale of 3,33,000 equity shares of face value of Rs10/- each aggregating to Rs4.00 crores by Hardik Sanghvi, 3,33,000 equity shares of face value of Rs10/- each aggregating to Rs4.00 crores by Swagat Sanghvi, 1,71,000 equity shares of face value of Rs10/- each aggregating to Rs2.05 crores by Bipin Sanghvi, 1,23,000 equity shares of face value of Rs10/- each aggregating to
Rs1.48 crores by Tarulata Sanghvi ("Promoter Selling Shareholders") and an offer for sale of 1,20,000 equity shares of face value of Rs10/- each aggregating to Rs1.44 crores by Pooja Sanghvi, and of 1,20,000 equity shares of face value of Rs10/- each aggregating to Rs1.44 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 Rs10/- for cash at a price of Rs120 each aggregating Rs1.84 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 Rs10/- each for cash at a price of Rs120 per equity share, aggregating to Rs34.16 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 Rs10 each. The offer price is 12 times the face value of the equity shares.
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Opens On
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Closes On
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Application
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Allotment
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14-Feb-25
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18-Feb-25
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Rs 120.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :1200 Further
Multiples of :1200
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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19.44
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Project Financed through Current Offer
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36.00
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Post Issue Equity Share Capital
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11.10
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Issue Price
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Rs 120.00
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