Closed Issues

72 B Bombay Talkies Compound,S.V.Road Malad West,

Initial public offer of 30,00,000* equity shares of face value of (Rs) 10/- each ("Equity Shares") of Royal Arc Electrodes Limited ("The Company" or the "Issuer") for cash at a price of (Rs) 120 per equity share (the "Offer Price"), (including a premium of (Rs) 110 per equity share), aggregating to (Rs) 36.00 crores ("The Offer"), comprising a fresh issue of 18,00,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 21.60 crores (the "Fresh Issue") and an offer for sale of 12,00,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 14.40 crores by selling shareholders (as defined below), comprising an offer for sale of 3,33,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 4.00 crores by Hardik Sanghvi, 3,33,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 4.00 crores by Swagat Sanghvi, 1,71,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 2.05 crores by Bipin Sanghvi, 1,23,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 1.48 crores by Tarulata Sanghvi ("Promoter Selling Shareholders") and an offer for sale of 1,20,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 1.44 crores by Pooja Sanghvi, and of 1,20,000 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 1.44 crores by Ami Sanghvi ("Promoter Group Selling Shareholders") (together with the promoter selling shareholders, "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). The 1,53,600 equity shares of face value of (Rs) 10/- for cash at a price of (Rs) 120 each aggregating (Rs) 1.84 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. net offer of 28,46,400 equity shares of face value of (Rs) 10/- each for cash at a price of (Rs) 120 per equity share, aggregating to (Rs) 34.16 crores is here in after referred to as the "Net Offer". The offer and the net offer will constitute 27.03 % and 25.64 % respectively of the post offer paid up equity share capital of the company. The face value of the equity share is (Rs) 10 each. The offer price is 12 times the face value of the equity shares.