Royal Sense IPO GMP, Open and Close Date, Lot Size, Reservation, Apply or not?

The subscription of Royal Sense IPO GMP opens from 12th March 2024 and the closing date of this IPO is 14th March 2024. At present Royal Sense is a well-known brand in the market. 

Royal Sense IPO GMP 

The company has a fixed price cost of Rs 9.86 Crores. The issue is fully a new issue of 14.5 lakh shares. 

The allotment for the royal sense IPO GMP is expected to be finalized on 15th March 2024, Friday. The Royal Sense IPO will be listed on SME BSE with a tentative listing date fixed as 19th March 2024, Tuesday. Royal Sense IPO price is Rs 68 per share. 

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Royal Sense IPO Timeline 

IPO Open Date  12th March 2024, Tuesday 
Close Date of IPO  14th March 2024, Thursday 
Basis of Allotment  15th March 2024, Friday 
Refund Initiating Date  18th March 2024, Monday 
Credit of Shares to Demat  18th March 2024, Monday 
Date of Listing  19th March 2024, Tuesday 
Cut-off time for UPI mandate confirmation  5 pm on 14th March 2024

Royal Sense IPO Details  

Royal sense ipo

Face Value  Rs 10 per share 
Price  Rs 68 per share 
Lot Size  2000 shares 
Overall Issue Size  1,450,000 shares (aggregating up to Rs 9.86 Cr) 
Fresh Based Issue  1,450,000 shares (aggregating up to Rs 9.86 Cr) 
Listing At  BSE SME 
Shareholding pre Issue  3,450,146
Shareholding Post Issue  4,900,146
Market Maker Portion 160,000 shares 

Royal Sense IPO Lot Size 

The minimal lot size for the application is 2000 shares. The minimum amount of investment needed from retail investors is Rs 136,000. The minimum lot size investment regarding HNI is 2 lots (4,000 shares) amounting to Rs 272,000. 

The below provided table depicts the minimum and highest investment through retail investors and HNI in terms of amount and shares. 

Application  Lots  Shares  Amount 
Minimum Retail  1 2000 Rs 136,000
Maximum Retail 1 2000 Rs 136,000
Minimum HNI  2 4000 Rs 272,000

Royal Sense IPO Reservation 

Investors Category  Shares Offered 
Retail Shares Given  50% of the net offer 
Other Shares Provided  50 percent of the net offer 

Royal Sense IPO Promoters 

The company has only one promoter and the name of this promoter is Mr. Rishab Arora. 

Shareholding Pre Issue  99.99%
Shareholding Post Issue 

Objectives of Royal Sense IPO GMP

This firm have various objectives which are given below – 

  • To enhance company profit at higher level 
  • Issue expenditures and general corporate purposes. 

Royal Sense IPO GMP Review 

  • Currently, Royal Sense IPO is a branded company in the market and the firm was established in 2023. 
  • The company deals with a wide range of products such as medical equipment, laboratory equipment, surgical consumables, laboratory reagents, diagnostic kits and medical disposals. 
  • Due to dealing with a wide range of goods and services, the financial growth of this company is increasing day by day. 
  • The firm also maintains its strong brand and positive image in the market and users’ minds. 
  • The employees of this company are highly talented and skilled which leads to developing strong positive relations with the clients for a long time. 
  • The organisation supplies its goods to the Ministry of Health department of different states such as Himachal Pradesh, UP, Jammu and Kashmir, and Rajasthan itself and through a network of distributors/ sub-dealers. 
  • The firm also supplies its products to government-based institutions and private hospitals across India. 

Apply or Not for Royal Sense IPO?

In my opinion, you apply for this IPO because the firm is always focusing on providing best treatment to their clients. 

Due to this your investment remains safe for a long time which is highly good for you. 

The other important thing is that those who invested here will get the best quality treatment from this firm. In this way, their health remains safe for a long duration. 

In conclusion, Royal Sense IPO is a trustworthy company. Due to that investors do not need to worry about their investment in the long term. 

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