Royal Sense Limited IPO : Company Information

Royal Sense Limited IPO is set to launch on 12 March, 2024. The company initiated its business operations in the year 2023. It deals in Surgical Equipments, Medical Equipments, laboratory Equipment, Surgical Consumables, Medical Disposables, Laboratory Reagents and Diagnostic kits. The newly formed company is an acquired firm from the previous owner Mr. Rishabh Arora. It supplies majority of its equipment to governments such as Himachal Pradesh, Uttar Pradesh, Jammu and Kashmir, Rajasthan etc. Royal Sense Limited has an entire network of sub-dealers or distributors for the sales. The supplies of the firm are also done to various private hospitals and government institutions. It has an employee base of 8 people.

Royal Sense Limited IPO DETAILS

Royal Sense Limited IPO is set to launch on 12 March, 2024. The subscription timeline extends till 14 March, 2024. The size for the IPO is 9.86 Crore Rs. Shares issued through fresh issue mode are worth Rs 9.86 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 68 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Royal Sense Limited IPO

IPO OPENING DATE	12 March, 2024
CLOSING DATE FOR IPO	14 March, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	68 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	9.86 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	9.86 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	19 March, 2023

Royal Sense Limited IPO: IMPORTANT DATES

IPO OPENING DATE	12 March, 2024
CLOSING DATE FOR IPO	14 March, 2024
IPO ALLOTMENT DATE	15 March, 2024
REFUNDS	18 March, 2024
DEMAT A/C CREDITED ON	18 March, 2024
IPO LISTING DATE	19 March, 2024

Royal Sense Limited IPO begins for subscription from 12 March, 2024. The IPO subscription would continue till 14 March, 2024. The allotment status for the shareholders who applied would come on 15 March, 2024. The refunds for the ones who did not get allotment would be initiated on 18 March, 2024. The DEMAT accounts of shareholders would be credited on 18 March, 2024. The listing of the company would be completed on 19 March, 2024.

Royal Sense Limited IPO: Lead Managers

The lead managers are :

• Expert Global Consultants Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 136000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 272000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	136000 Rs.
Maximum	4000 shares	272000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	September 2023
Asset	569
Revenue	804
PAT	71

Royal Sense Limited had an asset base of 569 Lakh Rs as of September 2023. The revenue of the firm was at 804 Lakh Rs in September 2023 with a profit of 71 Lakh Rs. This means that the company has almost a 9 to 10% profit margin in the revenue generated.

PROS

• It has a variety of products in its catalogue like Surgical Equipments, Medical Equipments, laboratory Equipment, Surgical Consumables, Medical Disposables, Laboratory Reagents and Diagnostic kits.
• It supplies majority of its equipment to governments such as Himachal Pradesh, Uttar Pradesh, Jammu and Kashmir, Rajasthan etc.
• The company has an entire network of sub-dealers or distributors for the sales.
• The supplies of the firm are also done to various private hospitals and government institutions. It has an employee base of 8 people.

Royal Sense Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Royal Sense Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.