
Emerging SME Services · BSE
Royal Sense Limited, established in 2023, is a dedicated provider of medical equipment, surgical instruments, consumables, laboratory essentials, and diagnostic kits. Originally operating under the proprietorship of Mr. Rishabh Arora as "M/s Royal Traders, PHT and Anaya," the company transitioned into its current structure following its acquisition on April 28, 2023. Catering to the Ministry of Health Departments in Uttar Pradesh, Himachal Pradesh, Rajasthan, and Jammu & Kashmir, as well as government institutions and private hospitals across India, Royal Sense Limited ensures the reliable supply of essential healthcare products. With a dedicated team of 8 professionals as of June 30, 2023, the company remains committed to delivering high-quality medical solutions nationwide.
Price Band
₹68
Issue Size
₹9.86 Cr
Lot Size
2000 shares
GMP
+54.4%
Est. Listing
₹105
at current GMP
Subscribed
8.65x
overall
Open
12 Mar 2024
Close
14 Mar 2024
Allotment
15 Mar 2024
Refund
16 Mar 2024
Demat Credit
17 Mar 2024
Listing
19 Mar 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
15 Mar 2024
Basis finalization
Refunds Initiate
16 Mar 2024
Mandate release
Demat Credit
17 Mar 2024
Shares in demat
Listing Debut
19 Mar 2024
Trading begins
Royal Sense Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹9.86 Crores. The shares are offered at a price band of ₹68 to ₹68 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-03-14, the basis of allotment is scheduled to be finalized on 2024-03-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.