Royal Sense Limited IPO

Price
₹68
Lot
2000
Subs.
8.52
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 12-Mar-2024
Close Date: 14-Mar-2024
Allotment Date: 15-Mar-2024
Listing Date: 19-Mar-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹68 Per Equity Share
Issue Size: Total Issue Size 1,450,000 shares (aggregating up to ₹9.86 Cr) : Fresh Issue 1,450,000 shares (aggregating up to ₹9.86 Cr)
Market Lot (Min Amount): Retail - ₹136,000 : HNI - ₹272,000
Subscription Details Updated at End of the Day

As on

Others

Rll

Total

Shares Offered/Reserved645,000645,0001,290,000
Day 1 - 12-03-24 
05:00 PM
0.15x1.28x0.71x
Day 2 - 13-03-24 
05:00 PM
0.21x2.84x1.53x
Day 3 - 14-03-24 
05:00 PM
9.72x7.32x8.52x
Total No. of Application:3,198 (Approx.)
Retail Subscription on the basis of Apps:9.93x
Valuations

Earning Per Share(EPS)2.04/-
P/E Ratio33.33
RoNW17.00%
Net Asset Value (NAV) - Post Issue:11.47/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,2023569.87804.0770.28
Promoter(s)

Pre Issue Share Holding99.99%
Post Issue Share Holding67.15%
Company Promoter(s)
1. Mr. Rishabh Arora
Issue Objective(s)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Working capital requirement;
  2. Issue Expenses; and
  3. General corporate purposes.
About Company

Founded in 2023, Royal Sense Limited deals in 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 as a sole proprietor under the name "M/s Royal Traders, PHT and Anaya". On April 28, 2023, the company was then acquired by Royal Sense Limited along with the assets and liabilities of the company.

The company supplies its products to the Ministry of Health Department of various states like Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu & Kashmir itself and through a network of distributors/ sub-dealers. The company also supplies its products to government institutions and private hospitals across India.

As of June 30, 2023, the company employed a total of 8 people in various departments.

Disclaimer

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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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