New Delhi, Feb. 19 -- The allotment for the initial public offering (IPO) of Royalarc Electrodes, which closed for subscription on Tuesday, is expected to be out on Wednesday, February 19.

Royalarc Electrodes IPO was priced at Rs.114 to Rs.120 per share, with the company looking to raise Rs.36 crore at the upper price band.

The minimum lot size for the public offer was 1200 shares, requiring an investment of at least Rs.1,36,800 by the retail investors.

Following the three-day bidding period, which was from February 14 till February 18, Royalarc Electrodes IPO was booked 1.6 times, with the retail portion garnering 2.2 times bids, the NII portion 0.92 times bids and the QIB portion 1.04 times bids.

Given the oversubscription for the I...