March 19, 2024
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Royal Sense IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Royal Sense IPO Post Listing Review :
On 19th March, the scrip is listed at Rs. 129.20, premium of 90% over the issue-price of Rs. 68. This listing has been quite above the expectations of the grey market.
What is the last GMP of Royal Sense IPO?*
Premium: Rs. 37 (Relatively no trades)
Subject to Rs. 56200
Check Subscription status of Royal Sense IPO
On 14 March 2024 5.00 pm (Day 3) (Closed)
Review:
NII: 645000 Shares 9.72 T
RII: 645000 Shares 7.32 T
Total: 1290000 Shares 8.52 T
What is the business of Royal Sense?
RoyalSense is supplier of 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 things. The supplied assortment can be modified according to the requirements of the clients and is offered in a wide range of parameters.
It aims to position it as the one-stop solution for customers looking to meet their complete needs for medical equipment, surgical instruments, surgical consumables, laboratory equipment, laboratory reagents, medical consumables, diagnostic equipment, sanitary napkins, pharmaceuticals, medicine and cosmetics.
It supplies its products to the Ministry of Health of Various states like Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu & Kashmir and in domestic by itself or through distributors/ sub-distributors. It also supplies to both to Govt. Institutions and private hospitals in all over India.
Get more information about the company @ http://www.royalsense.in/
| Royal Sense IPO Details | |
| IPO opens on | 12 March 2024 |
| IPO closes on | 14 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1450000 Sh /Rs 9.86 Cr |
| * Fresh Issue | 1450000 Sh /Rs 9.86 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 160000 Sh. |
| Net offer to Public | 1290000 Sh./Rs.8.77 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 68 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
| Shares offered in Royal Sense IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 645000 | 4.39 |
| RII (50%) | 645000 | 4.38 |
| Total Shares | 1290000 | 8.77 |
| Retail portion will be oversubscribed by | 323 | |
| Forms | ||
| How much Shares to Apply in Pratham EPC Projects IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 136000 |
| Min HNI Application | 4000 Sh | Rs.272000 |
Who is the Promoter of Royal Sense IPO?
The Promoter of the company is Mr. Rishabh Arora.
What are the Objects of Royal Sense IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Working capital requirement
Issue Expenses; and
General corporate purposes.
| Royal Sense IPO Tentative timetable | |
| IPO opens on | 12 March 2024 |
| IPO Closes on | 14 March 2024 |
| IPO Allotment on | 15 March 2024 |
| Refund Initiation | 18 March 2024 |
| Credit of Shares | 18 March 2024 |
| Listing on | 19 March 2024 |
| Registered Office of the Company Royal Sense Limited First Floor, Plot No 57, Phase-II, Badli Industrial Area Badli, Delhi-110042 |
| Who is the Lead Manager of Royal Sense IPO? Expert Global Consultants Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Royal Sense IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | – | – |
| 2021-22 | – | – | – | – |
| 2022-23 | – | – | – | – |
| Book Value of the Share on | 30.06.2023 | Rs 11.47 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 68 | |||
| Royal Sense IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | – |
| Price/BV Ratio | – |
| Upper price/BV after IPO | |
How Royal Sense IPO compares with the Peers?
There are no listed companies in India that are engaged in a business similar to that of the company accordingly it is not possible to provide an industry comparison in relation to this company.
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# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Royal Sense IPO To the point Guidance
RoyalSense is supplier of 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 things. The supplied assortment can be modified according to the requirements of the clients and is offered in a wide range of parameters.
It aims to position it as the one-stop solution for hospital supplies.
Size: The net size of the IPO is Rs. 8.77 Cr comprising of 1290000 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 323 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 4.39 Cr, so huge oversubscription possible.
Financial Snapshot: The company has provided performance data for the period 6 April 2023 to 30 June 2023 and on the basis of such small period data, we are unable to comment on future profitability and whether you should apply or avoid.
Quicklinks
Royal Sense IPO GMP subscription guidance allotment
Royal Sense IPO GMP
Royal Sense IPO FAQs
What is Royal Sense IPO?
Royal Sense IPO is a SME IPO of 1450000 equity shares of the face value of Rs. 10 aggregating up to Rs.9.86 Crores. The issue is priced at Rs.68 per share. The minimum order quantity is 2000 Shares.
When will Royal Sense IPO open?
Royal Sense IPO opens on March 12, 2024, and closes on March 14, 2024.
What is the lot size of Royal Sense IPO?
Royal Sense IPO lot size is 2000 Shares, and the minimum amount required is Rs.136000.
How to apply for Pratham EPC Projects IPO?
You can apply in Royal Sense IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Royal Sense IPO allotment?
The finalization of Basis of Allotment for Royal Sense IPO will be done on March 15, 2024, and the allotted shares will be credited to your demat account by March 18, 2024.
When is Royal Sense IPO listing date?
Royal Sense IPO listing date is March 19, 2024.
