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Royal Sense IPO is a fixed price issue of ₹9.86 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹9.86 crore.
Royal Sense IPO bidding started from Mar 12, 2024 and ended on Mar 14, 2024. The allotment for Royal Sense IPO was finalized on Mar 15, 2024. The shares got listed on BSE SME on Mar 19, 2024.
Royal Sense IPO price is ₹68.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,72,000.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,50,000 shares (aggregating up to ₹9.86 Cr) |
| Reserved for Market Maker | 1,60,000 shares Rikhav Securities Ltd. (aggregating up to ₹1.09 Cr) |
| Net Offered to Public | 12,90,000 shares (aggregating up to ₹8.77 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,50,146 shares |
| Share Holding Post Issue | 49,00,146 shares |
Royal Sense IPO offers total 14,50,000 shares. Out of which 6,44,000 (44.41%) allocated to NII, 6,46,000 (44.55%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,60,000 (11.03%) |
| NII (HNI) Shares Offered | 6,44,000 (44.41%) |
| Retail Shares Offered | 6,46,000 (44.55%) |
| Total Shares Offered | 14,50,000 (100.00%) |
Royal Sense IPO opens on March 12, 2024, and closes on March 14, 2024.
| IPO Open Date | Tue, Mar 12, 2024 |
| IPO Close Date | Thu, Mar 14, 2024 |
| Tentative Allotment | Fri, Mar 15, 2024 |
| Initiation of Refunds | Mon, Mar 18, 2024 |
| Credit of Shares to Demat | Mon, Mar 18, 2024 |
| Tentative Listing Date | Tue, Mar 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 14, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,36,000 |
| Retail (Max) | 1 | 2,000 | ₹1,36,000 |
| HNI (Min) | 2 | 4,000 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹33.32 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 17.00% |
| ROCE | 23.00% |
| RoNW | 17.00% |
| PAT Margin | 0.09% |
| Price to Book Value | 5.65 |
| 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...
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 |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹68.00 |
| Open | ₹129.20 |
| Low | ₹122.74 |
| High | ₹129.20 |
| Last Trade | ₹122.74 |
Royal Sense Ltd.
First Floor, Plot No 57,
Phase-II, Badli Industrial Area Badli,
Delhi-110042
Delhi, New Delhi
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
Royal Sense IPO is a SME IPO of 14,50,000 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.
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, and the minimum amount required for application is ₹1,36,000.
You can apply in Royal Sense IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Royal Sense IPO listing date is on Tuesday, March 19, 2024.
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