Royal Sense IPO is a fixed price issue of Rs 9.86 crores. The issue is entirely a fresh issue of 14.5 lakh shares.
Royal Sense IPO opens for subscription on March 12, 2024 and closes on March 14, 2024. The allotment for the Royal Sense IPO is expected to be finalized on Friday, March 15, 2024. Royal Sense IPO will list on BSE SME with tentative listing date fixed as Tuesday, March 19, 2024.
Royal Sense IPO 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.
Expert Global Consultants Private Limited is the book running lead manager of the Royal Sense IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Royal Sense IPO DRHP for detailed information.
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 IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Royal Sense IPO Timeline (Tentative Schedule)
Royal Sense IPO opens on March 12, 2024, and closes on March 14, 2024.
| 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 |
Royal Sense IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |
| Lot Size Calculator | |||
Royal Sense IPO Promoter Holding
The Promoter of the company is Mr. Rishabh Arora.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
About Royal Sense Limited
Royal Sense Limited was founded in 2023 and offers Medical Equipment, Surgical Instruments, Surgical Consumables, Laboratory Equipment, Laboratory Reagents, Medical Disposables and Diagnostic Kits.
Before the incorporation of the company, the business was run by Mr. Rishabh Arora as a sole proprietor under the name “M/s Royal Traders, PHT and Anaya”. On April 28, 2023, the company was then acquired by Royal Sense Limited along with the assets and liabilities of the company.
The company supplies its products to the Ministry of Health Department of various states like Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu & Kashmir itself and through a network of distributors/ sub-dealers. The company also supplies its products to government institutions and private hospitals across India.
As of June 30, 2023, the company employed a total of 8 people in various departments.
Royal Sense Limited Financial Information (Restated)
| 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 | ||
Key Performance Indicator
The market capitalization of Royal Sense IPO is Rs 33.32 Cr.
KPI as of June 30, 2023.
| KPI | Values |
|---|---|
| RoNW | 13.00% |
| P/BV | 0 |
| PAT Margin (%) | 0.11 |
Check Royal Sense IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.38 | 0.83 |
| P/E (x) | 178.95 | 82.25 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2022 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2023 that is available in RHP.
Objects of the Issue (Royal Sense IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working capital requirement;
- Issue Expenses; and
- General corporate purposes.
Royal Sense Limited Contact Details
Royal Sense Limited
First Floor, Plot No 57,
Phase-II, Badli Industrial Area Badli,
Delhi-110042
Phone: +91 9205843102
Email: compliance@royalsense.in
Website: http://www.royalsense.in/
Royal Sense IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html