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03 March 2024

Exploring the Royal Sense IPO: A Comprehensive Guide

Introduction:

Royal Sense Limited, a burgeoning name in the medical equipment and surgical instruments sector, is set to debut on the stock market with its Initial Public Offering (IPO) scheduled for March 12, 2024, to March 14, 2024. The IPO seeks to raise ₹9.86 crores through the issue of 1,450,000 shares, priced at ₹68 per share. This guide aims to provide potential investors with all the essential information about the Royal Sense IPO and answer some frequently asked questions (FAQs).

IPO Snapshot:

IPO Dates	Listing Date	Price	Lot Size	Issue Size	Issue Type
March 12, 2024 - March 14, 2024	March 19, 2024, on BSE SME	₹68 per share	2000 Shares	1,450,000 shares (₹9.86 Crores)	Fixed Price Issue IPO

Allocation:

Investor Type	Allocation	Shares Offered
Retail	50% of net offer	725,000 shares
Other Investors	50% of net offer	725,000 shares

IPO Management:

Lead Manager	Registrar
Expert Global Consultants Private Limited	Bigshare Services Pvt Ltd

Company Overview:

Royal Sense Limited was founded in 2023 and specializes in distributing medical equipment, surgical instruments, and related products. Transitioning from a sole proprietorship to a private limited company, it now supplies products across various states in India, catering to government and private healthcare institutions.

Financial Performance:

Metric	As of June 30, 2023	FY 2022
Revenue	₹464.05 Lakhs	₹126.45 Lakhs
PAT	₹50.64 Lakhs	₹13.11 Lakhs

IPO Objectives:

The net proceeds from the IPO are earmarked for:

Meeting working capital requirements.
Covering issue expenses.
General corporate purposes.

Frequently asked Questions (FAQs )

What is Royal Sense IPO?

Royal Sense IPO is a public offering by Royal Sense Limited, aiming to raise funds for working capital needs and other corporate purposes by listing on the BSE SME platform.
How can I apply for Royal Sense IPO?

Investors can apply for Royal Sense IPO through their existing brokerage account or any platform that offers online IPO application services, such as Zerodha or other leading brokers.
What is the lot size of Royal Sense IPO?

The lot size for the Royal Sense IPO is 2000 shares, making the minimum investment ₹136,000.
When will Royal Sense IPO allotment be finalized?

The allotment for the Royal Sense IPO is expected to be finalized on March 15, 2024.
When will Royal Sense IPO list?

The Royal Sense IPO is expected to list on the BSE SME platform on March 19, 2024.

Investment Perspective:

Royal Sense Limited's IPO offers investors an opportunity to invest in a company operating in the critical healthcare equipment sector. Given the financial growth and the strategic position of the company in supplying to government and private healthcare sectors, this IPO might be worth considering for investors with a focus on the healthcare industry.

Before making an investment decision, investors should carefully consider their investment objectives, risk tolerance, and the company's growth prospects.

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