Royal Sense IPO: Dates, Review, GMP, Price Band, Allotment Details
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.
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Contents
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
| Parameter | Details |
|---|---|
| IPO Opening Date | March 12, 2024 |
| IPO Closing Date | March 14, 2024 |
| Price Band | ₹68 per equity share |
| IPO Size | Approximately ₹9.86 Crores (1,450,000 Equity Shares) |
| Listing On | BSE SME |
| Minimum Market Lot | 2000 shares |
| Application Amount for Retail | ₹136,000 |
| S-HNI (Super High Net worth Individual) Minimum | 4000 shares (₹272,000) |
| Retail Allocation | 50% of the net offer |
| NII (Non-Institutional Investors) Quota | 50% of the net offer |
| Face Value | ₹10 per equity share |
| DRHP Draft Prospectus | Available on request |
| RHP Draft Prospectus | Available on request |
| Company Promoters | Mr. Rishabh Arora |
| IPO Registrar | Bigshare Services Pvt Ltd |
| IPO Allotment Date | March 15, 2024 |
| Refunds | March 18, 2024 |
| Credit to Demat Account | March 18, 2024 |
| IPO Listing Date | March 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:
- Login to Internet Banking: Access your online banking account where you have the ASBA facility enabled.
- Navigate to the IPO Application: Look for the “IPO Application” or similar section under the investments or online services tab.
- Select the IPO: Choose “Royal Sense IPO” from the list of available IPOs to apply.
- 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).
- 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:
- Obtain the Form: The Royal Sense IPO application forms can be downloaded from the BSE website or obtained from your broker.
- 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.
- 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’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.
