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.
Royal Sense IPO is a fixed price issue of Rs 9.86 crores. The price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000.
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Bidding Dates
March 12-14
Price Range
₹68 per share
Face Value
₹10 per share
GMP
₹37
Royal Sense IPO GMP
The Royal Sense Limited IPO GMP is ₹37.
IPO Overview
The Royal Sense IPO is a fixed-price offering of Rs 9.86 crore. The issuance is wholly new, with 14.5 lakh shares. The Royal Sense IPO will be up for subscriptions on March 12, 2024 and end on March 14, 2024. The allotment for the Royal Sense IPO is planned to be completed on Friday, March 15, 2024. The Royal Sense IPO will float on BSE SME, with a tentative listing date of Tuesday, March 19, 2024.
Royal Sense’s IPO price is ₹68 per share. The minimum lot size for an application is 2000 shares. The minimum investment for retail investors is ₹136,000. The minimum investment for HNI is 2 lots (4,000 shares) for ₹272,000.
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
Royal Sense Limited, established in 2023, sells medical equipment, surgical instruments, surgical consumables, laboratory equipment, laboratory reagents, medical disposables, and diagnostic kits. Before the company’s formation, Mr. Rishabh Arora ran the business as a solo proprietor under the name “M/s Royal Traders, PHT and Anaya”. On April 28, 2023, Royal Sense Limited bought the corporation, including its assets and liabilities. The company supplies its products directly to the Ministry of Health Departments of various states, including Uttar
Pradesh, Himachal Pradesh, Rajasthan, and Jammu and Kashmir, as well as through a network of distributors/sub-dealers. The company also supplies its products to government and private hospitals throughout India. As of June 30, 2023, the company employs a total of eight people across many departments.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Royal Sense Limited |
| Phone number | +91 9205843102 |
| Email ID | compliance@royalsense.in |
| 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.
