Royal Arc Electrodes IPO vs Voler Car IPO

Comparison between Royal Arc Electrodes IPO and Voler Car IPO.

IPO Details

Royal Arc Electrodes IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Voler Car IPO is a SME Bookbuilding proposed to list at NSE SME.

	Royal Arc Electrodes IPO	Voler Car IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt.Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Kfin Technologies Ltd.
Market Maker	Shreni Shares Ltd.	Wiinance Financial Services Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Royal Arc Electrodes IPO is up to ₹34.16 Cr whereas the issue size of the Voler Car IPO is up to ₹25.08 Cr. The final issue price of Royal Arc Electrodes IPO is ₹120.00 per share and of Voler Car IPO is ₹90.00 per share.

	Royal Arc Electrodes IPO	Voler Car IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹85.00 per share
Issue Price (Upper)	₹120.00 per share	₹90.00 per share
Issue Price (Final)	₹120.00 per share	₹90.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹0.00 per share	₹0.00 per share
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	16,46,400 shares	27,87,200 shares
Fresh Issue Size (Amount)	up to ₹19.76 Cr	up to ₹25.08 Cr
OFS Issue Size	12,00,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹14.40 Cr	up to ₹0.00 Cr
Issue Size Total	28,46,400 shares	27,87,200 shares
Issue Size Total (Amount)	up to ₹34.16 Cr	up to ₹25.08 Cr

IPO Timetable

Royal Arc Electrodes IPO opens on Feb 14, 2025, while Voler Car IPO opens on Feb 12, 2025. The closing date of Royal Arc Electrodes IPO and Voler Car IPO is Feb 18, 2025, and Feb 14, 2025, respectively.

	Royal Arc Electrodes IPO	Voler Car IPO
Anchor Bid Date	Feb 13, 2025	Feb 11, 2025
Issue Open	Feb 14, 2025	Feb 12, 2025
Issue Close	Feb 18, 2025	Feb 14, 2025
Basis Of Allotment (Tentative)	Feb 19, 2025	Feb 17, 2025
Initiation of Refunds (Tentative)	Feb 20, 2025	Feb 18, 2025
Credit of Share (Tentative)	Feb 20, 2025	Feb 18, 2025
Listing date (Tentative)	Feb 24, 2025	Feb 19, 2025
Anchor Lockin End date 1	Mar 21, 2025	Mar 18, 2025
Anchor Lockin End date 2	May 20, 2025	May 17, 2025

Financials & KPIs

Royal Arc Electrodes IPO P/E ratio is 9.36, as compared to Voler Car IPO P/E ratio of 20.57.

Royal Arc Electrodes IPO

Voler Car IPO

Financials

Royal Arc Electrodes Limited Financial Information (Restated)

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	55.69	52.25	43.85	42.48
Total Income	46.06	100.99	98.03	64.82
Profit After Tax	3.18	11.93	9.57	2.12
Net Worth	45.45	42.27	30.35	20.78
Reserves and Surplus	36.15	32.97	28.53	18.96
Total Borrowing	2.02	0.2	1.42	7.81
Amount in ₹ Crore

Voler Car Limited Financial Information (Restated)

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18.33	10.99	11.9	12.13
Total Income	21.58	31.45	26.63	24.83
Profit After Tax	2.49	3.56	1.99	0.79
Net Worth	10.93	3.21	-0.35	-2.34
Reserves and Surplus	2.78	3.06	-0.5	-2.49
Total Borrowing	0.39	1.19	3.8	5.55
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.99

92.88

Promoter Shareholding (Post-Issue)

72.96

67.86

P/E Ratio

9.36

20.57

Market Cap

₹133.20 Cr.

₹100.29 Cr.

ROE

32.85%

249.01%

ROCE

37.73%

123.06%

Debt/Equity

0.37

EPS

₹12.82

₹4.38

RoNW

28.21%

110.91%

Shares Offered

In the Royal Arc Electrodes IPO Retail Individual Investors (RII) are offered 10,17,600 shares while in Voler Car IPO retail investors are offered 10,17,600 shares. Qualified Institutional Buyers (QIB) are offered 5,82,000 shares in Royal Arc Electrodes IPO and 5,56,800 shares in Voler Car IPO.

	Royal Arc Electrodes IPO	Voler Car IPO
Anchor Investor Reserveration	8,40,000 shares	8,33,600 shares
Market Maker Reserveration	1,53,600 shares	2,12,800 shares
QIB	5,82,000 shares	5,56,800 shares
NII	4,06,800 shares	4,19,200 shares
RII	10,17,600 shares	9,77,600 shares
Employee	0 shares	0 shares
Others
Total	28,46,400 shares	27,87,200 shares

Bids Received (Subscription)

Royal Arc Electrodes IPO subscribed 1.60x in total, whereas Voler Car IPO subscribed 13.62x.

	Royal Arc Electrodes IPO	Voler Car IPO
QIB (times)	1.04x	9.34x
NII (times)	0.92x	18.56x
Big NII (times)
Small NII (times)
RII (times)	2.20x	13.94x
Employee (times)
Other (times)
Total (times)	1.60x	13.62x

Compare with others

Royal Arc Electrodes IPO	Voler Car IPO
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Voler Car IPO	Readymix Construction Machinery IPO
P S Raj Steels IPO	Amwill Health Care IPO