Royal Sense Limited IPO Detail
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.
Company Promoters
Mr. Rishabh AroraIPO Details
| IPO Opening Date | Mar 12, 2024 |
| IPO Closing Date | Mar 14, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹68 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹9.86 Cr |
| Fresh Issue | ₹9.86 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.15x | 1.28x | 0.71x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.21x | 2.84x | 1.53x |
| Day 3 | 0.00x | 0.00x | 0.00x | 9.72x | 7.32x | 8.52x |
IPO Tentative Timetable
The Royal Sense Limited IPO open date is Mar 12, 2024, and the close date is Mar 14, 2024. The issue may list on Mar 19, 2024.
| IPO Open Date | Mar 12, 2024 |
| IPO Close Date | Mar 14, 2024 |
| Basis of Allotment Date | Mar 15, 2024 |
| Initiation of Refunds | Mar 18, 2024 |
| Credit of Shares to Demat Account | Mar 18, 2024 |
| IPO Listing Date | Mar 19, 2024 |
IPO Lot Size
The Royal Sense Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹136000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹136000 |
| Maximum | 1 | 2000 | ₹136000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 44.62 | 126.45 | 13.11 |
| 30-Jun-23 | 631.18 | 464.05 | 50.64 |
Objects of the Issue:
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 IPO Registrar:
Bigshare Services Pvt Ltd
Royal Sense Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Royal Sense Limited
First Floor, Plot No 57,
Phase-II, Badli Industrial Area Badli,
Delhi-110042
