Royal Arc Electrodes Ltd Company Summary

Royal Arc Electrodes Ltd Summary

Royal Arc Electrodes Limited was incorporated in Mumbai, as a Royalarc Electrodes Private Limited, certified dated January 15, 1996, issued by the Additional Registrar of Companies, Maharashtra. Thereafter, Company was converted from a Private Limited to a Public Limited Company and upon conversion, the Company name changed to Royalarc Electrodes Limited and a Certificate of Change in Name dated March 31, 2005, was issued by Registrar of Companies, Maharashtra, Mumbai. Subsequently, the name of Company was changed to Royal Arc Electrodes Limited and the Registrar of Companies has issued a fresh Certificate of Incorporation dated June 16, 2023.The Company is engaged in the business of manufacturing of welding electrodes, flux cored wires, MIG/TIG wires, strip cladding, in the welding of tanks, boilers, heavy structures, beams, pipes, cylinders, pressure vessels, etc. which are used in industries like railways, roadways, airport infrastructure, refineries, shipyards, mines, sugar industries, telecom industries, thermal power stations, Pre-engineered Buildings (PEB) sectors, etc. Further, it is engaged in trading of ancillary/incidental products like abrasive wheels, electro slag, welding flux cored wire, saw wire, electro slag strip cladding, saw flux and special TIG /MIG wires.In 2003, the Company expanded the manufacturing capacity by adding state-of the art facility. Apart from expansion, it manufacture its products from copper coated wire, MS Strips, MS wire, SS strip, SS wire, nickel wire, ferro alloy powder, etc conforming to international standards, from highly sophisticated and technically competent manufacturing facility spread over an area of 6.197 acres which is situated at Zaroli, Umbergaon Valsad, Gujarat.The manufacturing facility is also accredited with ISO 9001:2015 certified by DNV - Business Assurance. The key factor in business is the client/consultant certification given the critical application in which products are used. For instances , products are certified by the American Bureau of Shipping (ABS), Indian Boilers Regulation (IBR), Bureau of Indian Standard (BIS) etc. Further, based on client requirements, the inspection and testing of the quality of products are outsourced to inspection agencies that are NABL-accredited laboratories.The Company is planning an Initial Public Offer by issuing upto 30,00,000 Equity Shares, comprising 18,00,000 Equity Shares through Fresh Issue and 12,00,000 Equity Shares through Offer for Sale.