06-Mar-2024
2 mins read
Royal Sense IPO is open for subscription from Tuesday, March 12, 2024, and will close on Thursday, March 14, 2024. This upcoming IPO price was decided at Rs 68 per share. The minimum lot size of this application for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,36,000 (68 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,72,000 (68 x 4000 shares). Royal Sense IPO is a fixed price issue of Rs 9.86 crores. This upcoming IPO issue is completely a fresh issue of 14.5 lakh equity shares. The allotment for this IPO is expected to be finalised on Friday, March 15, 2024. Royal Sense IPO will be listed on BSE SME, and the listing date is fixed on Tuesday, March 19, 2024. The book-running lead manager of Royal Sense IPO is Expert Global Consultants Private Limited. The registrar for this IPO is Bigshare Services Private Limited.
About Royal Sense Limited Company Profile
Royal Sense Limited was founded in 2023 which is engaged in the business of offering medical equipment, Surgical instrument, Laboratory Equipment. They also offer Surgical consumables, Laboratory Reagents, Medical Disposal and Diagnostic Kits. Earlier before the incorporation, the company was run by Mr. Rishab Arora as the sole proprietor under the name M/s Royal Traders. On April 28, 2023, the company was acquired by Royal Sense Limited along with the assets and liabilities of the company.
Royal Sense Limited supplies its products to the Ministry of Health Department of various states like U.P, Himachal Pradesh, Rajasthan, J&K itself and through the network of Distributors and Sub-dealers. The company also supplies its products to private hospitals and government institutions across India. As per the latest record, the company employed 8 people in various departments.
Objectives of Royal Sense IPO
The primary of Royal Sense IPO is to raise funds from the public. The funds received from this new IPO will be used to fulfil the working capital requirements of the company. The issue expenses will be covered from the amount received from the issue. Other than this the general corporate purposes will also be fulfilled.
Financials of Royal Sense Limited (Amt in Rs Lakhs)
For the quarter ending on June 30, 2023 company reported a revenue of Rs 464.05 lakhs and profit after tax of Rs 50.64 lakhs. However, for the period ending on March 31, 2022, the company posted a revenue of Rs 126.45 lakhs and net profit of Rs 13.11 lakhs. The improvement in revenue and PAT front is clearly visible.
| Period Ended | 30-Jun-23 | 31-Mar-22 |
| Assets | 631.18 | 44.62 |
| Revenue | 464.05 | 126.45 |
| Profit After Tax | 50.64 | 13.11 |
| Net Worth | 395.66 | |
| Reserves and Surplus | 50.64 | 13.11 |
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Other Important Details of Royal Sense IPO
| IPO Date | March 12, 2024 to March 14, 2024 |
| Listing Date | 19-Mar-24 |
| Face Value | Rs 10 per share |
| Price | Rs 68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,450,000 shares amounting to Rs 9.86 crore |
| Fresh Issue | 1,450,000 shares amounting to Rs 9.86 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 3,450,146 |
| Shareholding post issue | 4,900,146 |
| Market Maker portion | 160,000 shares |
Time-Table of Royal Sense IPO
| IPO Open Date | Tuesday, March 12, 2024 |
| IPO Close Date | Thursday, March 14, 2024 |
| Basis of Allotment | Friday, March 15, 2024 |
| Initiation of Refunds | Monday, March 18, 2024 |
| Credit of Shares to Demat | Monday, March 18, 2024 |
| Listing Date | Tuesday, March 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 14, 2024 |
Lot Size of Royal Sense IPO
| Application | Lots | Shares | Amount |
| Retail – minimum | 1 | 2000 | Rs 136,000 |
| Retail – maximum | 1 | 2000 | Rs 136,000 |
| HNI – minimum | 2 | 4,000 | Rs 272,000 |
IPO Reservation of Royal Sense Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Promoters of Royal Sense Limited and Their Holdings
The promoters of Royal Sense company are Rishabh Arora.
| Shareholding Pre Issue | 99.99 percent |
| Shareholding Post Issue |
Key Performance Indicator of Royal Sense Limited IPO
| KPI | Values |
| RoNW | 13.00% |
| P/BV | 0 |
| PAT Margin | 0.11% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.38 | 0.83 |
| P/E (x) | 178.95 | 82.25 |
Lead Manager(s) of Royal Sense IPO
The lead manager for Royal Sense IPO is Expert Global Consultants Private Limited.
How do you apply for the Royal Sense IPO?
Wait for the public issue to open for subscription, then click here to apply for the Royal Sense Limited IPO with Bigul.
How do you check the allotment status of Royal Sense IPO?
The registrar for Royal Sense IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
- What investors must know about the Royal Sense IPO ?
Royal Sense IPO is a fixed price issue of Rs 9.86 crores. This upcoming IPO issue is completely a fresh issue of 14.5 lakh equity shares. The allotment for this IPO is expected to be finalised on Friday, March 15, 2024. This upcoming IPO price was decided at Rs 68 per share. The minimum lot size of this application for the retail category is 2000 shares.
- Who are the lead managers for the Royal Sense Limited IPO?
Expert Global Consultants Private Limited is appointed as the lead manager for this Initial public offer.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Royal Sense Limited, handling the IPO’s administrative aspects.
- How can I apply for the Royal Sense IPO?
The public subscription of this IPO will open on March 12, 2024. Visit the website or click here for the application process.
- How will the net proceeds from the IPO be utilised?
The primary of Royal Sense IPO is to raise funds from the public. The funds received from this new IPO will be used to fulfil the working capital requirements of the company. The issue expenses will be covered from the amount received from the issue. Other than this the general corporate purposes will also be fulfilled.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Royal Sense Limited IPO 2024 by visiting here.
- What is the financial performance of Royal Sense Limited?
For the quarter ending on June 30, 2023 company reported a revenue of Rs 464.05 lakhs and profit after tax of Rs 50.64 lakhs. However, for the period ending on March 31, 2022, the company posted a revenue of Rs 126.45 lakhs and net profit of Rs 13.11 lakhs. The improvement in revenue and PAT front is clearly visible.
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