The Royal Sense IPO date has been confirmed from March 12, 2024 and closes on March 14, 2024. Read the post to learn about Royal Sense Limited IPO GMP when it’s announced.
The Rs 9.86 crore Royal Sense IPO is a fixed-price offering. Each share is priced at ₹68. The application must have an initial lot size of 2000 shares. Retail investors are required to invest a minimum of ₹136,000. HNI requires a minimum investment of two lots, or 4,000 shares, for a total of ₹272,000.
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Key Details Of Royal Sense Limited IPO:
Bidding Dates
March 12-14
Price Range
₹68 per share
Face Value
₹10 per share
GMP
₹37
Royal Sense IPO GMP
Royal Sense Limited’s IPO GMP Today is ₹37.
Royal Sense IPO Overview
The Royal Sense IPO is a fixed-price investment for Rs 9.86 crore. The issuance is completely fresh, totaling 14.5 lakh shares. Registration for the Royal Sense IPO will begin on March 12, 2024, and it will end on March 14, 2024. The allocation of shares for the Royal Sense IPO has been scheduled to end on Friday, March 15, 2024. The Royal Sense IPO has been scheduled to list on BSE NSE on Tuesday, March 19, 2024.
The IPO price of Royal Sense is ₹68 per share. Royal Sense Limited’s IPO GMP Today is ₹37. An application must have a minimum lot size of 2000 shares. Retail investors are needed to deposit at least ₹136,000. HNIs must invest a minimum of ₹272,000 in 2 lots for 4,000 shares.
Royal Sense IPO Details
| IPO Date | March 12, 2024 to March 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,450,000 shares (aggregating up to ₹9.86 Cr) |
| Fresh Issue | 1,450,000 shares (aggregating up to ₹9.86 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,450,146 |
| Share holding post issue | 4,900,146 |
| Market Maker portion | 160,000 shares |
Royal Sense Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2022 |
| 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 |
| Amount in ₹ Lakhs | ||
Royal Sense IPO Timeline
| 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 |
Company Profile
Established in 2023, Royal Sense Limited offers a range of products comprising medical equipment, instruments for surgery, surgical materials, laboratories reagents, medical disposables, and diagnostic kits. Mr. Rishabh Arora operated the company as a sole proprietorship under the name “M/s Royal Traders, PHT and Anaya” prior to the company’s incorporation. Royal Sense Limited acquired the company on April 28, 2023, along with all of its debts. The company supplies its products directly to the health ministry departments in multiple states, including Uttar
Pradesh, Himachal Pradesh, Jammu & Kashmir, and a network of intermediaries and sub-agents. Additionally, the business supplies pharmaceuticals to both public and private hospitals in India. The organization will have eight employees altogether as of June 30, 2023, spread across multiple departments.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Royal Sense Limited |
| Phone number | +91 9205843102 |
| Email ID | [email protected] |
| Website | royalsense.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Royal Sense IPO FAQs
When Royal Sense IPO will open?
The Royal Sense IPO opens on March 12, 2024 and closes on March 14, 2024.
What is the lot size of Royal Sense IPO?
Royal Sense IPO lot size is 2000 Shares, and the minimum amount required is ₹136,000.
When is Royal Sense IPO allotment?
The finalization of Basis of Allotment for Royal Sense IPO will be done on Friday, March 15, 2024, and the allotted shares will be credited to your demat account by Monday, March 18, 2024
When is Royal Sense IPO listing date?
The Royal Sense IPO listing date is not yet announced. The tentative date of Royal Sense IPO listing is Tuesday, March 19, 2024.
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