Royal Sense IPO offers INR 9.86 cr, 14.50L fresh shares. The proceeds will be used for working capital needs, ensuring operational readiness for growth in the wellness sector.
Date: Mar 12 to Mar 14, 2024 Listing Date: Mar 19, 2024 Price: INR 68 per share Lot Size: 2000 Shares Total Issue Size: INR 9.86 crores
Royal Sense IPO has strong financials and promises revenue, profitability, and liquidity. It is an attractive option in the sector, subject to market conditions.
No Indian listed companies engage in a similar business, preventing industry comparison for the company. Unique market presence without direct peers.
Royal Sense IPO aims to fund working capital and ensure operational readiness. The remaining funds are allocated to general corporate goals, strategic initiatives, and acquisitions.
Royal Sense relies on healthcare spending, supplier stability, and few customers. A decline or loss could adversely impact business, operations, and profitability.
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