Royal Sense is coming up with an IPO worth INR 9.86 crores, consisting of a fresh issue of 14.50 lakh shares. The company plans to utilize the funds raised to meet the working capital requirement.
Royal Sense Limited IPO – Important Details
| Royal Sense IPO Date | March 12, 2024 to March 14, 2024 |
| Royal Sense IPO Listing Date | March 19, 2024 |
| Royal Sense IPO Price | INR 68 per share |
| Royal Sense IPO Lot Size | 2000 Shares |
| Royal Sense IPO Total Issue Size | INR 9.86 crores |
| Royal Sense IPO Basis of Allotment | March 15, 2024 |
| Royal Sense IPO Initiation of Refunds | March 18, 2024 |
| Royal Sense IPO Credit of Shares to Demat | March 18, 2024 |
| Royal Sense IPO Issue Type | Fixed Price Issue |
| Royal Sense IPO Listing At | BSE SME |
Royal Sense Limited IPO – Company Profile
Royal Sense is a supplier of high-quality goods that meet international standards required for hospitals, laboratories, institutions, and clinics to provide health services. The company 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.
The company works relentlessly with the right strategy, forward-thinking, and progressive ethos to position ourselves 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.
Royal Sense Limited IPO – Fundamental Analysis
Royal Sense Limited’s IPO financials reveal a solid financial foundation, with promising revenue, profitability, and a strong liquidity position, making it an attractive option for investors seeking opportunities in its sector, subject to market conditions and growth prospects.
Revenue Growth:
The company recorded revenue of ₹464.02 lakhs, indicating its business operations’ scale during the period. The figure sets a baseline for evaluating the company’s market reach and growth potential.
Equity Growth:
With equity at ₹395.65 lakhs, the company shows a solid equity base, which may indicate previous capital infusions or retained earnings that support its growth and operational needs.
Profitability:
A profit after tax of ₹50.64 lakhs translates into a healthy sign of the company’s ability to generate profits from its operations. This profitability, reflected in a RoNW of 13%, signifies efficient equity utilization to generate returns.
Diluted EPS:
An EPS of ₹1.47 illustrates the earnings available to each share, providing a measure of the company’s profitability on a per-share basis, which is crucial for investors assessing the value offered by the IPO.
NAV per Equity Share:
The NAV per equity share of ₹11.47 gives an insight into the intrinsic value of the shares, which is useful for investors comparing the IPO price to the company’s book value per share.
Asset and Liability Management:
Total assets of ₹631.18 lakhs against total liabilities of ₹235.53 lakhs demonstrate a strong balance sheet with more assets than liabilities, indicating financial stability and the capacity to cover its debts.
Current Ratio:
A current ratio of 2.64 times showcases the company’s liquidity position, signifying its ability to meet short-term obligations, which is a positive sign for operational sustainability.
Royal Sense Limited IPO Financial Information
| Particular | As of 30 June 2023 |
| Revenue (₹ in lakhs) | 464.02 |
| Equity (₹ in lakhs) | 395.65 |
| Expenses (₹ in lakhs) | 395.61 |
| Profit and Loss After Tax (₹ in lakhs) | 50.64 |
| RoNW (%) | 13% |
| Diluted EPS only (₹) | 1.47 |
| NAV per Equity Share (₹) | 11.47 |
| Total Assets (in lakhs) | 631.18 |
| Total Liabilities (in lakhs) | 235.53 |
| Current Ratio (In times) | 2.64 |
Royal Sense Ltd IPO Peer Comparison
There are no listed companies in India that are engaged in a business similar to that of the company, so it is not possible to provide an industry comparison in relation to the company.
Royal Sense Limited IPO Objective
The main objective of Royal Sense’s IPO is to fund working capital requirements. The remaining funds will be allocated to general corporate purposes, including strategic initiatives and acquisitions.
- To fund the working capital requirements: The company aims to open outlets through tender mechanisms across India.
- General Corporate Purpose: The Company plans to deploy the balance funds towards the general corporate goals, including but not restricted to strategic initiatives, partnerships, joint ventures and strategic entity/business acquisitions, branding, marketing, and new client referral fees meeting exigencies
Royal Sense Ltd IPO Risks And Challenges
- The company depends significantly on customers and their spending in the healthcare industry and any decline in the spending on healthcare infrastructure in India, could adversely affect the business and profitability.
- The company relies on suppliers for medical devices and equipment manufacturers for trading goods. In case of any disruption in the supply of these goods, the business, results of operations, and financial condition may be adversely affected.
- The Company is dependent on few number of customers and suppliers for sales and purchases from top customers and Top suppliers. The loss of any of these large customers and suppliers will significantly affect the revenues and profitability.
Royal Sense Limited IPO – Industry & Market Potential
The Indian market for medical equipment is predicted to increase to US$ 50 billion by 2025. As of 2020, the medical devices market is estimated to be at US$ 12 billion in India. India is the 4th largest Asian medical devices market after Japan, China, and South Korea, and among the top 20 medical devices markets globally. India has an overall 75-80% import dependency on medical devices.
The export of medical devices from India stood at US$ 2.90 billion in FY22. The US, Germany, China, Brazil, Iran, etc. are a few key countries that import Indian medical devices. Gujarat, Maharashtra, Karnataka, Haryana, Andhra Pradesh, Telangana, and Tamil Nadu are the manufacturing hubs for medical devices in India. In BioAsia 2021, key stakeholders in the panel discussion on medical technologies stated that India would become self-sufficient in domestic medical device manufacturing by 2025-26.
Royal Sense Ltd IPO – Type of Offer
Royal Sense intends to launch an IPO valued at INR 9.86 crores, offering 14.50 lakh shares. The funds will be allocated towards fulfilling the company’s working capital needs.
Royal Sense Limited IPO Offer Size
The offer size of Royal Sense Limited’s IPO is INR 9.86 crores. The net proceeds will be used to meet working capital needs.
Royal Sense Limited IPO Allotment Structure
Royal Sense Tech Limited’s IPO allotment structure includes a Retail Individual Investors (RII) category with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications with value exceeds INR 2 lakhs.
- Market Maker Reservation: A certain percentage or number of shares is reserved for market makers.
How to apply for a Royal Sense Limited IPO?
To apply for the Royal Sense Tech IPO through Alice Blue, you would typically follow these steps:
- Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Royal Sense Tech IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Royal Sense Tech IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares. Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to check Royal Sense Tech IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Royal Sense Tech IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Royal Sense Tech IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance. Apart from Alice Blue, there are other ways to check the allotment status of the Royal Sense Tech IPO:
- Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Royal Sense Tech IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You
would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Royal Sense Tech Limited IPO Offer Registrar
The Royal Sense Tech IPO’s registrar is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai
Website: www.bigshareonline.com
E-Mail: [email protected]
Royal Sense IPO – FAQs
The allotment date of the Royal Sense Tech IPO is March 15, 2024.
The price band of the company is INR 68 per share.
Royal Sense is coming up with an IPO worth INR 9.86 crores, consisting of a fresh issue of 14.50 lakh shares. The company plans to utilize the funds raised to meet the working capital requirement.
The listing date of the Royal Sense Tech IPO is March 19, 2024.
