Royal Sense IPO: Dates, Review, GMP, Price Band, Allotment Details

Royal Sense IPO
Royal Sense IPO

The Indian IPO market is set to welcome Royal Sense, a company known for its high-quality medical supplies that meet international standards. As Royal Sense gears up for its Initial Public Offering (IPO) on the BSE SME platform, potential investors are keenly looking forward to the opportunity it presents. This detailed article covers every aspect of the Royal Sense IPO, including dates, review, GMP, price band, allotment details, and more.

Also Read: AVP Infracon IPO: Dates, Review, GMP, Band Price, Allotment Details

Royal Sense IPO Review

Incorporated in 2023, Royal Sense has swiftly positioned itself as a key supplier of medical goods to hospitals, laboratories, institutions, and clinics across India. The company’s offering includes a broad range of surgical accessories, tools, equipment, and more, tailored to meet the specific needs of its clients. With a business model that caters to both government and private sectors, Royal Sense has established a strong foothold in the market.

Royal Sense IPO Date & Price Band Details

IPO Opening DateMarch 12, 2024
IPO Closing DateMarch 14, 2024
Price Band₹68 per equity share
IPO SizeApproximately ₹9.86 Crores (1,450,000 Equity Shares)
Listing OnBSE SME
Minimum Market Lot2000 shares
Application Amount for Retail₹136,000
S-HNI (Super High Net worth Individual) Minimum4000 shares (₹272,000)
Retail Allocation50% of the net offer
NII (Non-Institutional Investors) Quota50% of the net offer
Face Value₹10 per equity share
DRHP Draft ProspectusAvailable on request
RHP Draft ProspectusAvailable on request
Company PromotersMr. Rishabh Arora
IPO RegistrarBigshare Services Pvt Ltd
IPO Allotment DateMarch 15, 2024
RefundsMarch 18, 2024
Credit to Demat AccountMarch 18, 2024
IPO Listing DateMarch 19, 202

Royal Sense IPO Market Lot

  • Minimum Market Lot: 2000 shares
  • Application Amount: ₹136,000

Royal Sense IPO Dates

  • Allotment Date: March 15, 2024
  • Listing Date: March 19, 2024

Royal Sense IPO Form

The Royal Sense IPO form is a crucial document for investors wishing to participate in the Initial Public Offering of Royal Sense. There are two primary methods through which potential investors can apply for the IPO: online through ASBA (Application Supported by Blocked Amount) available in their bank account, or offline via physical forms. Here’s an expansion on both methods:

Applying Online via ASBA

ASBA is a process developed by the Securities and Exchange Board of India (SEBI) for applying to IPOs, which ensures that the investor’s funds remain in their bank account until the shares are allocated to them. Most banks offer the ASBA service through their Internet banking portals. Here’s how it generally works:

  1. Login to Internet Banking: Access your online banking account where you have the ASBA facility enabled.
  2. Navigate to the IPO Application: Look for the “IPO Application” or similar section under the investments or online services tab.
  3. Select the IPO: Choose “Royal Sense IPO” from the list of available IPOs to apply.
  4. Fill in the Details: Enter the number of shares you wish to apply for and your bid price. You will also need to provide your PAN number and select the category you are applying under (e.g., retail or non-institutional investor).
  5. Authorization: Submit the application and authorize the block of funds in your bank account equal to the application amount. The funds will stay blocked in your account until the final allotment is done, and will only be deducted if you are allotted shares.

Applying Offline via Physical Forms

For investors who prefer not to use online banking or who wish to apply through a broker, physical IPO application forms can be used:

  1. Obtain the Form: The Royal Sense IPO application forms can be downloaded from the BSE website or obtained from your broker.
  2. Fill in the Form: Complete the form with all required details, including the number of shares you wish to apply for, your bid price, and your personal and banking details.
  3. Submission: Submit the completed form along with a cheque for the application amount to your broker or directly at your bank where you have an ASBA-enabled account.

Royal Sense Company Financial Report

From April 6, 2023, to June 30, 2023, the company reported:

  • Revenue: ₹4.64 Crores
  • Expenses: ₹3.96 Crores
  • PAT: ₹0.51 Crores

Royal Sense IPO Valuation – June 2023

  • Earnings Per Share (EPS): ₹1.47
  • Return on Net Worth (RoNW): 13%
  • Net Asset Value (NAV): ₹11.47 per equity share

Peer Group

As of now, specific peer comparisons are not disclosed, but Royal Sense operates in a competitive sector filled with both established and emerging companies.

Company Promoters

The key promoter of Royal Sense is Mr. Rishabh Arora.

Royal Sense IPO Registrar

Bigshare Services Pvt Ltd is appointed as the IPO registrar, handling the allotment and refund process.

Royal Sense IPO Allotment Status

Investors can check the IPO allotment status on Bigshare Services Pvt Ltd’s website once it’s announced.

Royal Sense IPO Lead Managers aka Merchant Bankers

Expert Global Consultants Private Limited is the lead manager, overseeing the IPO proceedings.

Company Address

Royal Sense Limited, First Floor, Plot No 57, Phase-II, Badli Industrial Area, Badli, Delhi-110042.

Royal Sense IPO FAQs

Royal Sense IPO is a BSE SME IPO, aiming to raise ₹9.86 Crores for the company.

The IPO will open on March 12, 2024, and close on March 14, 2024.

The investor’s portion for NII and Retail is 50% each.

Investors can apply via ASBA in their bank account or download forms from the BSE website.

Investors can log into their Zerodha or Upstox account, find the IPO section, select “Royal Sense,” and place their bids.

The IPO size is ₹9.86 crores.

The price band is set at ₹68 per equity share.

The minimum lot size is 2000 shares, equating to ₹136,000.

The allotment date is scheduled for March 15, 2024.

The IPO is expected to list on March 19, 2024.

Royal Sense’s entry into the public market marks a significant milestone for the company. Investors looking to participate in the healthcare sector’s growth may find this IPO an attractive opportunity, given the company’s strong foundation and promising prospects.

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