Mumbai, Feb. 24 -- The scrip was listed at 120, matching the initial public offer (IPO) price. The stock was currently up 0.87% over its listing price.

The counter hit a high of Rs 122.40 and a low of Rs 120. About 6.74 lakh shares of the company changed hands at the counter.

Royal Arc Electrodes' IPO was subscribed 1.11 times. The issue opened on 14 February 2025 and it closed on 18 February 2025. The price band of the IPO was set at Rs 114 to 120 per share.

The IPO comprised a fresh issue of 18,00,000 shares and an offer for sale of 12,00,000 equity shares. The company intends to utilize the net proceeds towards the expansion of the existing manufacturing facility situated at Village Zaroli, Umbergaon Valsad, Gujarat, to meet the wor...