Royal Sense Limited IPO
- IPO Date12 Mar, 2024 to 14 Mar, 2024
- Listing Date19 Mar, 2024
- Face Value₹10 per share
- Issue Price₹68 to ₹68 per share
- Lot Size2000 Shares
- Minimum Investment₹1,36,000
- Listing AtBSE SME
- Total Issue Size14,50,000 Shares
(aggregating up to ₹9.86 Cr) - Fresh Issue14,50,000 Shares
(aggregating up to ₹9.86 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue34,50,146
- Shareholding post issue49,00,146
IPO Dates
Closing Date
14 Mar, 2024
Initiation of Refunds
18 Mar, 2024
Listing Date
19 Mar, 2024
12 Mar, 2024
Opening Date
15 Mar, 2024
Basis of Allotment
18 Mar, 2024
Credit of Shares
Royal Sense Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 4000 | ₹2,72,000 |
| Retail (Max) | 1 | 2000 | ₹1,36,000 |
| Retail (Min) | 1 | 2000 | ₹1,36,000 |
Royal Sense Limited Promoter Holding
The Promoter of the company is Mr. Rishabh Arora.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | - |
Royal Sense Limited COMPANY INFORMATION
Royal Sense IPO is a fixed price issue of Rs 9.86 crores. The issue is entirely a fresh issue of 14.5 lakh shares. Royal Sense IPO opens for subscription on March 12, 2024 and closes on March 14, 2024. The allotment for the Royal Sense IPO is expected to be finalized on Friday, March 15, 2024. Royal Sense IPO will list on BSE SME with tentative listing date fixed as Tuesday, March 19, 2024. Royal Sense IPO price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000. Expert Global Consultants Private Limited is the book running lead manager of the Royal Sense IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Royal Sense IPO DRHP for detailed information.
Royal Sense Limited was founded in 2023 and offers 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.
FAQs About Royal Sense Limited Ipo
Royal Sense Limited IPO will open on 12 Mar, 2024 and close on 14 Mar, 2024. Investors must apply within this period to participate.
The Royal Sense Limited IPO price band is set between ₹68.00 and ₹68.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹136000.00.
The Royal Sense Limited IPO shares are expected to be listed on 19 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Royal Sense Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Royal Sense Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.