Royalarc Electrodes shares to debut soon. What GMP signals ahead of the debut?
NSE SME platform today and the GMP trends are not inspiring.
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).
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