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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 bidding started from March 12, 2024 and ended on March 14, 2024. The allotment for Royal Sense IPO was finalized on Friday, March 15, 2024. The shares got listed on BSE SME on 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. The market maker for Royal Sense IPO is Rikhav Securities.
Refer to Royal Sense IPO RHP for detailed information.
| IPO Date | March 12, 2024 to March 14, 2024 |
| Listing Date | March 19, 2024 |
| 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 Rikhav Securities |
Royal Sense IPO offers 1,450,000 shares. 645,000 (44.48%) to NII, 645,000 (44.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 160,000 (11.03%) |
| Other Shares Offered | 645,000 (44.48%) |
| Retail Shares Offered | 645,000 (44.48%) |
| Total Shares Offered | 1,450,000 (100%) |
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 |
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 | |||
The Promoter of the company is Mr. Rishabh Arora.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 67.15% |
Founded in 2023, Royal Sense Limited deals in 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.
| Period Ended | 30 Sep 2023 |
| Assets | 569.87 |
| Revenue | 804.07 |
| Profit After Tax | 70.28 |
| Net Worth | 415.29 |
| Reserves and Surplus | 70.28 |
| Total Borrowing | 27.58 |
| Amount in ₹ Lakhs | |
The market capitalization of Royal Sense IPO is Rs 33.32 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 17.00% |
| ROCE | 23.00% |
| RoNW | 17.00% |
| P/BV | 5.65 |
| PAT Margin (%) | 0.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.04 | 0.59 |
| P/E (x) | 33.33 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its financial performance so far is not in line with the asking price. Based on FY24 annualized earnings, the issue appears aggressively priced. There is no harm in skipping this “High Risk/ Low Return” bet. Read detail review...
The Royal Sense IPO is subscribed 8.52 times on March 14, 2024 6:21:00 PM. The public issue subscribed 7.32 times in the retail category, times in the QIB category, and 9.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 9.72 |
| Retail | 7.32 |
| Total | 8.52 |
Total Application : 3,198 (9.93 times)
Financials of September 2023 have been taken and Consolidated Financials of Proprietorships of M/s Royal Traders, M/s PHT and M/s Anaya are not shown here.
| Listing Date | March 19, 2024 |
| BSE Script Code | 544143 |
| NSE Symbol | |
| ISIN | INE0QQG01019 |
| Final Issue Price | ₹68 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹68.00 |
| ₹129.20 |
| ₹122.74 |
| ₹129.20 |
| ₹122.74 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Royal Sense IPO is a SME IPO of 1,450,000 equity shares of the face value of ₹10 aggregating up to ₹9.86 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 12, 2024, and closes on March 14, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Royal Sense IPO using UPI as a payment gateway. Zerodha customers can apply in Royal Sense IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Royal Sense IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Royal Sense IPO opens on March 12, 2024 and closes on March 14, 2024.
Royal Sense IPO lot size is 2000 Shares, and the minimum amount required is ₹136,000.
You can apply in Royal Sense IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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. Check the Royal Sense IPO allotment status.
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