Royal Sense was incorporated on April 6, 2023. The company supplies high-quality goods that meet international standards required for hospitals, laboratories, institutions, and clinics to provide health services. It trades and offers a wide range of surgical accessories, tools, equipment, and other items. The supplied assortment can be customized according to client requirements and is offered in a wide range of parameters.
| Bidding Dates |
|---|
| 12 Mar 2024 - 14 Mar 2024 |
| Subscription |
|---|
| 7.69x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 2000 | 1.4 M | ₹68 | 67.14 % | ₹98.6 M | RHP DOC |
Royal Sense IPO SUBSCRIPTION STATUS
14 Mar '24Royal Sense IPO overall subscription rate was 7.69 times the total available shares
Royal Sense IPO retail subscription rate was 6.51 times in the retail segment
Royal Sense IPO non-institutional investor subscription rate was 8.87 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Mar 2024 (Day 3) | 6.51x | 8.87x | - |
13 Mar 2024 (Day 2) | 2.53x | 0.19x | - |
12 Mar 2024 (Day 1) | 1.14x | 0.13x | - |
Royal Sense FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY24 | 7.0 | 80.3 | 4.0 | 3.8 |
| FY23 | 13.2 | 115.6 | 3.1 | 3.1 |
| FY22 | 2.2 | 67.5 | -1.6 | -1.1 |
| FY21 | 2.1 | 71.4 | 0.2 | -0.8 |
Royal Sense IPO SUBSCRIPTION STATUS DETAILS
Royal Sense had 1.4 M shares on offer
Royal Sense IPO offer price was ₹68
Royal Sense IPO minimum Investment was ₹136000
Royal Sense IPO issue size was ₹ 98.6 M
Royal Sense had a minimum lot size of 2000 Shares per application
Royal Sense NUMBER OF SHARES ON OFFER
Royal Sense IPO IMPORTANT DATES
| Issue Open Date | 12 Mar 2024 |
| Issue close Date | 14 Mar 2024 |
| Allotment Date | 15 Mar 2024 |
| Refund Date | 18 Mar 2024 |
| Demat Account Credit Date | 18 Mar 2024 |
| Listing Date | 19 Mar 2024 |
| Listing on Exchange(s) | BSE |
| Royal Sense Allotment Status | Exchange |
Royal Sense IPO subscription opened on 12 Mar 2024, and closed on 14 Mar 2024
IPO allotment for Royal Sense was finalized on Friday, 15 Mar 2024
IPO listing for Royal Sense was on BSE on Tuesday, 19 Mar 2024
Royal Sense IPO LISTING GAINS
| Issue Price (adjusted) | 68.0 |
| Listing Open Price | 129.2 |
| Listing Close Price | 122.7 |
| Listing Gain% | 90.0% |
| Current Gain% | 58.8% |
Royal Sense Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Royal Sense Ltd. | 108 | 52.9 | 8.1 | 2.3 | 0.5 | 17.7 | 11.7 | 103.5 | 67.4 | 7.2 | 13 | 13.4 | 3.5 |
| Tarsons Products Ltd. | 312.3 | 1661.6 | 116 | -2.2 | 3.9 | 2.2 | 1.2 | 446.7 | 9.4 | 14.3 | -51.9 | 2.7 | -51.9 |
| Fabtech Technologies Cleanrooms Ltd. | 385 | 474.3 | 30 | 15.2 | 8.5 | 221.7 | 46.9 | 15.8 | 19 | 12.8 | |||
| Hemant Surgical Industries Ltd. | 356.2 | 464.5 | 24.2 | 13.9 | 7 | 237.7 | 112.7 | 19.2 | 138.7 | 14.7 | |||
| Prevest Denpro Ltd. | 380.8 | 457.1 | 22.3 | 1.7 | 6.4 | 16.4 | 15.4 | 76.7 | 14.4 | 20.5 | 12.9 | 17.1 | 12.9 |
| Aprameya Engineering Ltd. | 142.6 | 271.5 | 53.2 | 7.4 | 6.2 | 55.6 | -59.2 | 5.1 | -68.3 | 2.7 |
Royal Sense INFORMATION ON IPO ISSUE
About Royal Sense
Royal Sense was incorporated on April 6, 2023. The company supplies high-quality goods that meet international standards required for hospitals, laboratories, institutions, and clinics to provide health services. It trades and offers a wide range of surgical accessories, tools, equipment, and other items. The supplied assortment can be customized according to client requirements and is offered in a wide range of parameters.
Object of the Issue
- Working capital requirement
- Issue expenses
- General corporate purposes
Royal Sense - PROMOTERS
| Name |
|---|
| Rishabh Arora |
Royal Sense Lead Manager to the Issue
Expert Global Consultants Private Limited
ipo@expertglobal.in
Royal Sense Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Royal Sense Strengths
Diversified range of products
The company boasts a diversified product portfolio of medical equipment and disposables catering to renal care solutions, cardiovascular diseases, respiratory diseases, critical care, radiology, and surgical disposables
Quality assurance
For products sourced from third-party suppliers, the company has a dedicated sourcing team and quality assurance team that closely monitor the quality of such products
Royal Sense Risks
Dependent on limited customers
The company depends on a few customers and suppliers for sales and purchases. Loss of any of these large customers or suppliers could significantly affect the revenues
Geographically concentrated
The company's operations are geographically located in one area, i.e., Delhi NCR, and any localized social unrest, natural calamities, etc., could have a material adverse effect on the business and financial operations
IPO FAQs
The promoter of the company is Rishabh Arora.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 68.0 - 68.0.
The IPO application opens on Mar 12, 2024 and closes on Mar 14, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Mar 15, 2024.
The refund will be credited to your account on Mar 18, 2024.
The allotted shares will be credited to your demat on Mar 18, 2024.
Royal Sense Ltd.’s shares listed on the stock exchanges on Mar 19, 2024.