Royal Sense is scheduled to hit the market on March 12, 2024 and close on March 14, 2024. Royal Sense plans to raise around ₹9.86 Cr through an IPO with a sale of up to 1,450,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Royal Sense Limited, established in 2023, specializes in providing a wide range of medical products including Medical Equipment, Surgical Instruments, Laboratory Equipment, and Diagnostic Kits. Previously operated by Mr. Rishabh Arora as a sole proprietor under the name “M/s Royal Traders, PHT and Anaya,” the company was officially acquired by Royal Sense Limited on April 28, 2023, inheriting all assets and liabilities.
The company's extensive distribution network serves the Ministry of Health Departments in states such as Uttar Pradesh, Himachal Pradesh, Rajasthan, and Jammu & Kashmir, along with supplying government institutions and private hospitals nationwide. With a workforce of 8 employees across various departments as of June 30, 2023, Royal Sense Limited continues to play a vital role in the healthcare industry by providing essential medical supplies to institutions across India.
Royal Sense IPO Details
Royal Sense IPO opens on March 12, 2024, and closes on March 14, 2024. The Listing date for Royal Sense IPO is on March 19, 2024. The price band for IPO is ₹68 per share and lot size of 2000 Shares.
| IPO Date | Mar 12, 2024 to Mar 14, 2024 |
| Listing Date | Mar 19, 2024 |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹9.86 Cr |
| Face Value | ₹10 per share |
Royal Sense IPO Tentative Timetable
Royal Sense opening date is March 12, 2024 and close date is March 14, 2024. The IPO allotment date is March 15, 2024. The refund initiation of IPO is on March 18, 2024. The credit of shares in demat account is on March 18, 2024. The listing date is on March 19, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 12, 2024 |
| IPO Closing | Mar 14, 2024 |
| IPO Allotment Date | Mar 15, 2024 |
| Refund Initiation | Mar 18, 2024 |
| Shares Credit to Demat | Mar 18, 2024 |
| Lisiting Date | Mar 19, 2024 |
Royal Sense IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹136,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹136,000 |
| Retail(Maximum) | 1 | 2000 | ₹136,000 |
| HNI (Minimum) | 2 | 4000 | ₹272,000 |
Royal Sense IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Royal Sense IPO Review
Royal Sense Limited, a renowned provider of medical equipment and supplies, made a significant move by launching its IPO with a market capitalization of Rs 33.32 Cr. Established in 2023, the company has quickly gained traction in the industry. Its financial performance reflects this growth, with a Return on Net Worth (RoNW) of 13.00% and a Profit After Tax (PAT) Margin of 0.11% as of June 30, 2023. These figures showcase the company's strong financial standing and potential for future expansion.
The funds raised through the IPO are primarily intended to support Royal Sense Limited's working capital requirements, cover issue expenses, and contribute to general corporate purposes. With a focus on supplying essential products to government departments and private hospitals across various states in India, the company is well-positioned for further growth and success in the healthcare sector. The post-issue Earnings Per Share (EPS) of 0.83 and Price-to-Earnings (P/E) ratio of 82.25 indicate positive investor sentiment and confidence in the company's ability to deliver value and generate returns.
Investors keen on exploring opportunities in the medical field may find Royal Sense Limited's IPO appealing due to its strong financial performance and strategic objectives. The company's restated financial information reveals a substantial increase in Revenue and Profit After Tax compared to the previous year, reflecting its consistent growth trajectory. With a clear focus on quality healthcare products and a commitment to serving both government institutions and private hospitals, Royal Sense Limited emerges as a promising player in the market. Its IPO presents an enticing investment opportunity for those seeking to participate in the flourishing healthcare industry in India and capitalize on the company's potential for future success.
Royal Sense IPO Subscription Status (Bidding Details)
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Royal Sense IPO FAQs
What is Royal Sense IPO?
Royal Sense is issuing 1,450,000 equity shares with a face value of ₹10 each, totaling up to ₹9.86 Cr. The shares are being offered at a price of ₹68 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Royal Sense IPO will open?
Royal Sense will open on March 12, 2024 for QIB, NII, and Retail Investors.
When Royal Sense IPO will end?
Royal Sense will end on March 14, 2024.
What is Royal Sense IPO Size?
Royal Sense IPO size is ₹9.86 Cr.
What is Royal Sense IPO Price Band?
Royal Sense price band is ₹68 per share.
What is the Royal Sense IPO Allotment Date?
Royal Sense allotment date is March 15, 2024.
What is the Royal Sense IPO Listing Date?
Royal Sense listing date is March 19, 2024. The IPO is to be listed on BSE and NSE.
How to Royal Sense IPO through Zerodha?
To apply for the IPO “Royal Sense” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Royal Sense IPO through Upstox?
To apply for the IPO “Royal Sense” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Royal Sense IPO Allotment Status?
For Royal Sense IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Royal Sense IPO GMP?
You can check out here: Royal Sense IPO GMP