IPO Details

Bidding Dates

11 Mar '24 - 13 Mar '24

Minimum Investment

₹1,36,000 / 1 Lot (2000 shares)

Price Range

₹ 68

Maximum Investment

₹1,36,000 / 1 Lot (2000 shares)

Retail Discount

Not Applicable

Issue Size

₹9.86 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)  |  

Royal Sense Limited IPO Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 11, 2024

Closing Date

Mar 13, 2024

Basis of Allotment

Mar 14, 2024

Initiation of Refunds

Mar 17, 2024

Credit of Shares to Demat

Mar 17, 2024

Listing Date

Mar 18, 2024

UPI Mandate Expiry Date

Mar 13, 2024

IPO Subscription Details

DateNIIRetailTotal

Day 1Mar 11, 2024

 0.15x 1.28x 0.71x

Day 2Mar 12, 2024

 0.21x 2.84x 1.53x

IPO Subscription Status Live

Investor Category Subscription (Times)
Non-Institutional Buyers 0.26
Retail Investors 3.72
Total 1.99

About Royal Sense Limited

Incorporated in 2023, Royal Sense Limited supplies high-quality goods that fulfil international standards required for hospitals, clinics, laboratories and institutions to offer health services. They trade and provide a comprehensive range of surgical accessories, tools, equipment and other things. The supplied assortment can be changed according to the client's requirements and is offered in various parameters. 

The company strives to position itself as the one-stop solution for customers looking to meet their needs for medical equipment, surgical consumables, surgical instruments, laboratory reagents, laboratory equipment, medical consumables, diagnostic equipment, pharmaceuticals, medicine, cosmetics and sanitary napkins. 

The company supplies their products to the Ministry of Health of Various states like Himachal Pradesh, Uttar Pradesh, Jammu & Kashmir, and Rajasthan, and domestically by itself or through distributors/ sub-distributors. They also supply to both Government Institutions and private hospitals all over India.

The medical equipment market in India is anticipated to reach US$ 50 billion by 2025, showing significant growth from the estimated US$ 12 billion in 2020. Positioned as the fourth-largest medical devices market in Asia, following Japan, China, and South Korea, India also ranks among the top 20 globally. With a substantial 75-80% import reliance on medical devices, the Indian market showcases promising potential for expansion in the coming years. Royal Sense Limited will probably benefit from this. 

Royal Sense Limited IPO Details

Royal Sense Limited IPO Date 

Royal Sense Limited’s IPO is open from March 12, 2024 to March 14, 2024. The IPO will be listed on BSE SME.

Royal Sense Limited IPO Price Band

Royal Sense Limited is a fresh issue of up to 1,450,000 equity shares. The price is set at ₹68 per share. 

Royal Sense Limited IPO Lot Size

Royal Sense Limited’s IPO lot size is 2,000 shares.

Royal Sense Limited IPO Objectives 

The objectives of Royal Sense Limited's IPO are listed below:

  • To meet the issue expenses.
  • For the working capital requirement.
  • For general corporate purposes. 

Peer Details

As per DRHP, there are no listed peers whose business portfolio is comparable to the company.

How To Check the Royal Sense Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the Royal Sense Limited IPO.

Contact Details of Royal Sense Limited IPO

  • Registered office: First Floor, Plot No 57, Phase-II, Badli Industrial Area, Badli, Delhi-110042
  • Phone: +91 9205843102
  • E-mail: compliance@royalsense.in

IPO Financials

Particulars For the period April 06, 2023 to June 30, 2023 (₹ lakh)
Total Revenue 464.02
Profit After Tax 50.64
Net Worth 395.66
Total Long-Term Borrowings -

Know before investing

Strengths

3

  1. The company offers a wide range of medical equipment and disposables catering to different healthcare solutions. They cater to a widespread customer base across India.

  2. The company’s key customers majorly include hospitals and diagnostic centres, distributors and dealers and independent doctors. They sell some of their products under registered brand name “STERGIC”, having exclusive distributor rights.

  3. The company intends to cater to the increasing demand of its existing customers and also to increase their existing customer base by enhancing the reach of its products in different parts of the country.

Risks

2

  1. They depend significantly on customers and their spending in the healthcare industry, and any decline in the spending on healthcare infrastructure in India could adversely affect their business and profitability.

  2. The company relies on suppliers for medical devices and equipment manufacturers for their trading goods. In case of any disruption in the supply of these goods, their business, results of operations and financial condition may be adversely affected.

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Royal Sense Limited IPO FAQs

What is Royal Sense Limited's IPO?

Royal Sense Limited IPO is a fresh issue of up to 1,450,000 equity shares. The price is set at ₹68 per share. The IPO will be opened on March 12, 2024.

When will Royal Sense Limited's IPO be allotted?

The Basis of Allotment will happen on Friday, March 15, 2024.

When will Royal Sense Limited's IPO open for subscription?

The IPO subscription window will open on Tuesday, March 12, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.

When will Royal Sense Limited list on exchanges?

Royal Sense Ltd IPO will be listed on the BSE SME on Tuesday, March 19, 2024.

How do I check the allotment status of the Royal Sense Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Royal Sense Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Royal Sense Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Royal Sense Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Royal Sense Limited using one PAN?

You can submit only one application using your PAN card.