IPO

Royal Sense Limited IPO

BSE SME

Listed On: Mar 19, 2024 at ₹ 129.2

₹ 272000 /4000 Shares
*Min Investment

Check Allotment

12 Mar, 2024

Open Date

14 Mar, 2024

Close Date

15 Mar, 2024

Allotment Date

19 Mar, 2024

Listing Date
Royal Sense Limited IPO Issue Details
  • Issue Price ₹68 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 14,50,000 shares(aggregating up to ₹9.86 crore)
  • Fresh Share 14,50,000 shares(aggregating up to ₹9.86 crore)
  • Listing at BSE SME
  • List Price 129.2
  • Listing Date 2024-03-19
  • Lead Manager Expert Global Consultants Private Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,36,000
Retail(max)12000₹1,36,000
NII (min) 24,000₹2,72,000
Royal Sense Limited IPO Reservation

Royal Sense Limited IPO offers total 1,450,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,645,000 (44.48%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered- (NA%)
Market Maker Shares Offered160,000 (11.03%)
Retail Shares Offered645,000 (44.48%)
Total Shares Offered1,450,000 (100%)
Royal Sense Limited IPO Documents
DRHP
RHP
Royal Sense Limited IPO Details


Royal Sense Limited IPO is an SME IPO, priced at ₹68 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 14,50,000 equity shares, aggregating up to ₹9.86 crores..

The IPO bidding window is open from Mar 12, 2024 to Mar 14, 2024. The allotment is expected to be finalized on Mar 15, 2024, and the tentative listing date is Mar 19, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,36,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,72,000.

Expert Global Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Rikhav Securities Limited will act as the market maker for this issue.

Read More
Royal Sense Limited IPO Subscription Analysis And Details
Retail
7.31x
Total
8.64x
As onQIB / NIIRetailTotal
Shares Offered / Reserved645,000645,0001,290,000
Day 1 12-03-24 06:00 PM
0.15 x1.28 x0.71 x
Day 2 13-03-24 06:00 PM
0.21 x2.84 x1.53 x
Day 3 14-03-24 06:00 PM
9.98 x7.31 x8.64 x
Total No of Applications
3,198
Royal Sense Limited Valuations
EPS Pre IPO ₹2.04/-
EPS Post IPO ₹0.59/-
P/E Pre IPO 33.33
ROE 17.00%
ROCE 23.00%
RoNW 17.00%
PAT Margin 0.09
Price to Book Value 5.65
Royal Sense Limited Company Financials
In Lakhs
In Lakh
30-Sep-23
Assets569.87
Revenue804.07
Profit After Tax70.28
Net Worth415.29
Reserves & Surplus70.28
Total Borrowing27.58
About Royal Sense Limited Company

Royal Sense Limited was established in 2023 to deal in the business of 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 under the name M/s Royal Traders, PHT and Anaya. On April 28, 2023, the company acquired the assets and liabilities of the company along with the acquisition by Royal Sense Limited.

The company supplies its products to the Ministry of Health Department of different states such as Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu & Kashmir itself and through the networks of distributors / sub-dealers. Apart from this, the company also supplies products to government institutions and private hospitals all over India.

The number of employees working with the company is 8 as of June 30, 2023 in departments.

Read More
Royal Sense Limited - Promoter(s)

Mr. Rishabh Arora

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 67.15%

Royal Sense Limited IPO - Issue Objectives
1

Working capital requirement

2

Issue Expenses

3

General corporate purposes.

Royal Sense Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Royal Sense Limited1.471.4711.4733.33135.93Standalone
Hemant Surgical Industries Ltd10.2610.2630.4117.3432.695.85Standalone
Centenial Surgical Suture Ltd.2.432.4357.342.342.851.8Standalone

Notes:

  1. For our Company, we have taken Current Market Price as the issue price of equity share.
  2. The P/E Ratio is based on the current market price of the respective scrips.
  3. The EPS, NAV, RoNW, and Total Income of our Company are taken as per Restated Financial Statement for the period April 2023 to June 30, 2023.
  4. NAV per share is computed as the closing net worth divided by the closing outstanding number of paid-up equity shares as adjusted with the effect of Bonus Issue.
  5. The P/E Ratio of the peer company is based on the Annual Report of the company for the year 2023.
  6. RoNW has been computed as net profit after tax divided by closing net worth.
  7. Net worth has been computed in the manner as specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
  8. The face value of Equity Shares of our Company is Rs. 10/- per Equity Share and the Issue price is 6 times the face value of equity share.
Contact Details

Royal Sense Limited

First Floor, Plot No 57, Phase-II, Badli Industrial Area Badli, Delhi-110042

+91 9205843102

compliance@royalsense.in

http://www.royalsense.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html