Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Tue, Mar 12, 2024 - Thu, Mar 14, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 12, 2024
IPO Close
Thu, Mar 14, 2024
Issue Price
₹68 per share
Market Cap (Pre-IPO)
₹33.32 Cr
| IPO Date | 12 to 14 Mar, 2024 |
| Listed on | Tue, Mar 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,50,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,60,000 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 12,90,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 12,90,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 34,50,146 shares |
| Share Holding Post Issue | 49,00,146 shares |
| BSE Script Code | 544143 |
| ISIN | INE0QQG01019 |
Royal Sense IPO comprises a total issue size of 14,50,000 shares. The net offer to the public is 12,90,000 shares, after excluding 1,60,000 shares allotted on a firm basis. Of the Net offer 6,44,000 (49.92%) allocated to NII 6,46,000 (50.08%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,44,000 | 49.92% | 44.41% |
| Retail Shares Offered | 6,46,000 | 50.08% | 44.55% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,60,000 | 11.03% | |
| Total Shares Offered | 14,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 | 5.70 |
| Total Income | 8.04 |
| Profit After Tax | 0.70 |
| NET Worth | 4.15 |
| Reserves and Surplus | 0.70 |
| Total Borrowing | 0.28 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement | 6.00 |
| 2 | General corporate purposes | 2.40 |
| 3 | Issue Expenses | 1.46 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 17.00% |
| ROCE | 23.00% |
| RoNW | 17.00% |
| PAT Margin | 11.00% |
| Price to Book Value | 5.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.04 | 0.59 |
| P/E (x) | 33.33 | |
| Promoter Holding | 99.99% | 67.15% |
| Market Cap | ₹33.32 Cr. |
The Royal Sense IPO is subscribed 8.52 times on March 14, 2024 6:21:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 9.72 | 6,45,000 | 62,70,000 |
| Retail | 7.32 | 6,45,000 | 47,20,000 |
| Total | 8.52 | 12,90,000 | 1,09,94,000 |
Total Application : 3,198
*Market Maker portion is not included to NII/HNI.
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.25 |
| 2 | Statutory Expenses | 0.20 |
| 3 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, Registrar to the Issue, Legal Advisors, Advertising and marketing expenses etc.) | 1.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹68.00 |
| Open | ₹129.20 |
| Low | ₹122.74 |
| High | ₹129.20 |
| Last Trade | ₹122.74 |
Lead Manager Reports
Royal Sense IPO is a SME IPO of 14,50,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Mar 12, 2024, and closes on Thu, Mar 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 Tue, Mar 12, 2024 and closes on Thu, Mar 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 Mon, Mar 18, 2024. Check the Royal Sense IPO allotment status.
The Royal Sense IPO listing date is on Tue, Mar 19, 2024.
