Royal Sense is gearing up for its Initial Public Offering (IPO) on the BSE SME platform, scheduled to open on March 12, 2024, and conclude on March 14, 2024. The company aims to raise ₹9.86 crores through the IPO, offering 1,450,000 equity shares at a fixed price of ₹68 per share. The market lot for the IPO is set at 2000 shares.
**About Royal Sense:**
Royal Sense is a supplier of high-quality medical goods meeting international standards, catering to hospitals, laboratories, institutions, and clinics. Their product range includes surgical accessories, tools, equipment, and other medical items, which can be customized based on client requirements.
The company positions itself as a one-stop solution for medical equipment, surgical instruments, laboratory equipment, diagnostic equipment, and other healthcare-related products.
They supply their products to various states’ Ministries of Health, including Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu & Kashmir, as well as to both government institutions and private hospitals across India.
**Objects of the Issue:**
1. Working capital requirement.
2. Issue expenses.
3. General corporate purposes.
**Royal Sense IPO Details:**
– **IPO Open:** March 12, 2024
– **IPO Close:** March 14, 2024
– **IPO Size:** Approximately ₹9.86 Crores (1,450,000 Equity Shares)
– **Face Value:** ₹10 Per Equity Share
– **IPO Price Band:** ₹68 Per Equity Share
– **IPO Listing on:** BSE SME
– **Retail Quota:** 50% of the net offer
– **NII Quota:** 50% of the net offer
**Market Lot Details:**
– **Minimum Market Lot:** 2000 shares with a ₹136,000 application amount
– **Retail Investors:** Can apply for 1 lot (2000 shares) up to a maximum of ₹136,000
**Important Dates:**
– **IPO Open Date:** March 12, 2024
– **IPO Close Date:** March 14, 2024
– **Basis of Allotment:** March 15, 2024
– **Refunds:** March 18, 2024
– **Credit to Demat Account:** March 18, 2024
– **IPO Listing Date:** March 19, 2024
Investors can check the IPO subscription status and allotment status on respective platforms.
**How to Apply for Royal Sense IPO:**
Investors can apply for the Royal Sense IPO via ASBA available in their bank accounts. The application can be submitted online by logging into the bank account and selecting the Royal Sense IPO in the Invest section. Alternatively, investors can download IPO forms from the BSE website, fill them, and submit them to their bank or broker.
**Company Financial Report (₹ in Crores):**
– **6 Apr 2023 to 30 Jun 2023:** Revenue ₹4.64, Expense ₹3.96, PAT ₹0.51
**Valuation (June 2023):**
– **Earning Per Share (EPS):** ₹1.47 per Equity Share
– **Price/Earning P/E Ratio:** NA
– **Return on Net Worth (RoNW):** 13%
– **Net Asset Value (NAV):** ₹11.47 per Equity Share
**Company Promoters:**
– Mr. Rishabh Arora
