Royalarc Electrodes shares to debut soon. What GMP signals ahead of the debut?

The shares have no premium in the grey market as was the case with many IPOs seen in the recent past.

However, it is important to note that grey market premiums are just an indicator as to how the company’s shares are stacked up in the unlisted market and are subject to change rapidly.

Founded in 1996, the company specializes in manufacturing welding consumables such as welding electrodes, flux-cored wires, and MIG/TIG wires.

These products are widely used in welding tanks, boilers, heavy structures, beams, pipes, cylinders, and pressure vessels for industries including railways, roadways, airports, refineries, shipyards, mines, sugar, telecom, thermal power stations, and pre-engineered buildings (PEB).

Also Read: Market correction unlikely to faze India’s booming IPO market that has a 1000-offer pipeline

Additionally, the company trades ancillary products like wheels, electro slag, welding flux-cored wires, saw flux, and TIG/MIG wires.

The products are made from high-quality materials such as copper-coated wire, MS strips, SS strips, nickel wire, and ferro alloy powder, meeting international standards.

The company’s advanced manufacturing facility, located in Zaroli, Umbergaon Valsad, Gujarat, spans 25,082 square meters. Here, raw materials undergo processes like wire drawing, cutting, powder mixing, covering, and baking.

The facility is equipped with extrusion units, baking ovens, drawing and cutting units, forming mills, powder mixers, packing machines, and testing labs.

Advanced tools like chemical analyzers, spectrometers, and material testing equipment are used to ensure products meet global and domestic quality standards.

The company’s promoters bring deep expertise in the welding consumable industry and are supported by a skilled team of 144 employees, including labor, administrative staff, and management, as of December 2024.